IMSI vs. SRHMX
Compare and contrast key facts about Invesco Municipal Strategic Income ETF (IMSI) and Columbia High Yield Municipal Fund (SRHMX).
IMSI is an actively managed fund by Invesco. It was launched on Dec 5, 2022. SRHMX is managed by Columbia Threadneedle. It was launched on Mar 4, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMSI or SRHMX.
Correlation
The correlation between IMSI and SRHMX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IMSI vs. SRHMX - Performance Comparison
Key characteristics
IMSI:
1.60
SRHMX:
1.38
IMSI:
2.26
SRHMX:
1.94
IMSI:
1.31
SRHMX:
1.30
IMSI:
3.23
SRHMX:
0.55
IMSI:
10.45
SRHMX:
6.09
IMSI:
0.45%
SRHMX:
1.16%
IMSI:
2.95%
SRHMX:
5.12%
IMSI:
-4.79%
SRHMX:
-26.05%
IMSI:
-1.15%
SRHMX:
-5.89%
Returns By Period
In the year-to-date period, IMSI achieves a 4.26% return, which is significantly lower than SRHMX's 6.05% return.
IMSI
4.26%
-0.52%
1.52%
4.49%
N/A
N/A
SRHMX
6.05%
-2.35%
1.35%
6.69%
0.88%
2.83%
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IMSI vs. SRHMX - Expense Ratio Comparison
IMSI has a 0.39% expense ratio, which is lower than SRHMX's 0.65% expense ratio.
Risk-Adjusted Performance
IMSI vs. SRHMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Strategic Income ETF (IMSI) and Columbia High Yield Municipal Fund (SRHMX). 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.
Dividends
IMSI vs. SRHMX - Dividend Comparison
IMSI's dividend yield for the trailing twelve months is around 3.74%, less than SRHMX's 4.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMSI Invesco Municipal Strategic Income ETF | 3.74% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRHMX Columbia High Yield Municipal Fund | 4.37% | 4.68% | 4.89% | 3.41% | 3.83% | 4.19% | 5.11% | 4.31% | 4.56% | 4.55% | 4.71% | 4.89% |
Drawdowns
IMSI vs. SRHMX - Drawdown Comparison
The maximum IMSI drawdown since its inception was -4.79%, smaller than the maximum SRHMX drawdown of -26.05%. Use the drawdown chart below to compare losses from any high point for IMSI and SRHMX. For additional features, visit the drawdowns tool.
Volatility
IMSI vs. SRHMX - Volatility Comparison
The current volatility for Invesco Municipal Strategic Income ETF (IMSI) is 0.80%, while Columbia High Yield Municipal Fund (SRHMX) has a volatility of 1.65%. This indicates that IMSI experiences smaller price fluctuations and is considered to be less risky than SRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.