IMSI vs. VWAHX
Compare and contrast key facts about Invesco Municipal Strategic Income ETF (IMSI) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
IMSI is an actively managed fund by Invesco. It was launched on Dec 5, 2022. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMSI or VWAHX.
Key characteristics
| IMSI | VWAHX | |
|---|---|---|
| YTD Return | 4.59% | 3.35% |
| 1Y Return | 10.13% | 11.05% |
| Sharpe Ratio | 3.14 | 2.66 |
| Sortino Ratio | 4.81 | 4.05 |
| Omega Ratio | 1.67 | 1.64 |
| Calmar Ratio | 3.72 | 0.95 |
| Martin Ratio | 23.38 | 13.26 |
| Ulcer Index | 0.43% | 0.84% |
| Daily Std Dev | 3.17% | 4.20% |
| Max Drawdown | -4.79% | -17.82% |
| Current Drawdown | -0.57% | -1.95% |
Correlation
The correlation between IMSI and VWAHX is 0.70, 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. VWAHX - Performance Comparison
In the year-to-date period, IMSI achieves a 4.59% return, which is significantly higher than VWAHX's 3.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMSI vs. VWAHX - Expense Ratio Comparison
IMSI has a 0.39% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
IMSI vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Strategic Income ETF (IMSI) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
IMSI's dividend yield for the trailing twelve months is around 4.05%, more than VWAHX's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMSI Invesco Municipal Strategic Income ETF | 4.05% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
IMSI vs. VWAHX - Drawdown Comparison
The maximum IMSI drawdown since its inception was -4.79%, smaller than the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for IMSI and VWAHX. For additional features, visit the drawdowns tool.
Volatility
IMSI vs. VWAHX - Volatility Comparison
The current volatility for Invesco Municipal Strategic Income ETF (IMSI) is 1.42%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 2.02%. This indicates that IMSI experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.