IIM vs. VMO
Compare and contrast key facts about Invesco Value Municipal Income Trust (IIM) and Invesco Municipal Opportunity Trust (VMO).
Performance
IIM vs. VMO - Performance Comparison
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IIM vs. VMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 0.44% | 11.88% | 8.04% | 2.05% | -25.41% | 14.13% | 7.07% | 18.79% | -4.40% | 7.05% |
VMO Invesco Municipal Opportunity Trust | 1.72% | 6.57% | 7.73% | 1.54% | -24.29% | 12.95% | 8.89% | 16.23% | -4.54% | 3.05% |
Fundamentals
IIM:
$571.88M
VMO:
$644.06M
IIM:
$0.59
VMO:
$0.38
IIM:
20.45
VMO:
25.11
IIM:
0.08
VMO:
0.14
IIM:
7.87
VMO:
7.68
IIM:
1.01
VMO:
0.99
IIM:
$72.68M
VMO:
$83.83M
IIM:
$38.44M
VMO:
$44.71M
IIM:
-$3.97M
VMO:
$11.08M
Returns By Period
In the year-to-date period, IIM achieves a 0.44% return, which is significantly lower than VMO's 1.72% return. Over the past 10 years, IIM has outperformed VMO with an annualized return of 1.99%, while VMO has yielded a comparatively lower 1.84% annualized return.
IIM
- 1D
- -0.08%
- 1M
- -6.97%
- YTD
- 0.44%
- 6M
- -1.06%
- 1Y
- 8.97%
- 3Y*
- 6.54%
- 5Y*
- 0.65%
- 10Y*
- 1.99%
VMO
- 1D
- 0.42%
- 1M
- -3.79%
- YTD
- 1.72%
- 6M
- 2.53%
- 1Y
- 8.33%
- 3Y*
- 5.79%
- 5Y*
- -0.59%
- 10Y*
- 1.84%
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Return for Risk
IIM vs. VMO — Risk / Return Rank
IIM
VMO
IIM vs. VMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Value Municipal Income Trust (IIM) and Invesco Municipal Opportunity Trust (VMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IIM | VMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.84 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.25 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.35 | -0.32 |
Martin ratioReturn relative to average drawdown | 3.92 | 4.14 | -0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IIM | VMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.84 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.05 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.15 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.26 | +0.15 |
Correlation
The correlation between IIM and VMO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IIM vs. VMO - Dividend Comparison
IIM's dividend yield for the trailing twelve months is around 7.61%, less than VMO's 7.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIM Invesco Value Municipal Income Trust | 7.61% | 7.51% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% |
VMO Invesco Municipal Opportunity Trust | 7.85% | 7.84% | 6.44% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.95% | 5.98% | 6.73% | 6.33% |
Drawdowns
IIM vs. VMO - Drawdown Comparison
The maximum IIM drawdown since its inception was -40.17%, smaller than the maximum VMO drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for IIM and VMO.
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Drawdown Indicators
| IIM | VMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -50.11% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -6.59% | -2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -35.75% | -37.70% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -37.70% | +1.95% |
Current DrawdownCurrent decline from peak | -7.59% | -10.60% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -9.88% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.15% | +0.28% |
Volatility
IIM vs. VMO - Volatility Comparison
Invesco Value Municipal Income Trust (IIM) has a higher volatility of 5.43% compared to Invesco Municipal Opportunity Trust (VMO) at 4.02%. This indicates that IIM's price experiences larger fluctuations and is considered to be riskier than VMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIM | VMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 4.02% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 6.07% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 10.01% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 11.43% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 12.65% | +0.14% |
Financials
IIM vs. VMO - Financials Comparison
This section allows you to compare key financial metrics between Invesco Value Municipal Income Trust and Invesco Municipal Opportunity Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities