Correlation
The correlation between IMSI and VWAHX is 0.10, 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.
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.
Performance
IMSI vs. VWAHX - Performance Comparison
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Key characteristics
IMSI:
0.31
VWAHX:
0.16
IMSI:
0.35
VWAHX:
0.31
IMSI:
1.06
VWAHX:
1.05
IMSI:
0.29
VWAHX:
0.20
IMSI:
0.90
VWAHX:
0.62
IMSI:
1.09%
VWAHX:
2.11%
IMSI:
3.82%
VWAHX:
6.25%
IMSI:
-4.79%
VWAHX:
-17.31%
IMSI:
-1.69%
VWAHX:
-4.51%
Returns By Period
In the year-to-date period, IMSI achieves a -0.17% return, which is significantly higher than VWAHX's -2.59% return.
IMSI
-0.17%
0.13%
-0.89%
1.05%
N/A
N/A
N/A
VWAHX
-2.59%
-1.06%
-4.25%
0.99%
1.85%
1.43%
2.85%
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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 Rank
IMSI
VWAHX
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.
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Dividends
IMSI vs. VWAHX - Dividend Comparison
IMSI's dividend yield for the trailing twelve months is around 3.21%, less than VWAHX's 3.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMSI Invesco Municipal Strategic Income ETF | 3.21% | 1.75% | 4.03% | 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 | 3.63% | 3.74% | 3.51% | 3.36% | 3.47% | 3.32% | 3.67% | 3.77% | 3.67% | 3.75% | 3.69% | 3.78% |
Drawdowns
IMSI vs. VWAHX - Drawdown Comparison
The maximum IMSI drawdown since its inception was -4.79%, smaller than the maximum VWAHX drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for IMSI and VWAHX.
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Volatility
IMSI vs. VWAHX - Volatility Comparison
Invesco Municipal Strategic Income ETF (IMSI) has a higher volatility of 1.12% compared to Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) at 0.85%. This indicates that IMSI's price experiences larger fluctuations and is considered to be riskier than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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