Correlation
The correlation between IQI and SCHD is 0.12, 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.
IQI vs. SCHD
Compare and contrast key facts about Invesco Quality Municipal Income Trust (IQI) and Schwab US Dividend Equity ETF (SCHD).
SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IQI or SCHD.
Performance
IQI vs. SCHD - Performance Comparison
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Key characteristics
IQI:
0.45
SCHD:
0.35
IQI:
0.57
SCHD:
0.56
IQI:
1.07
SCHD:
1.07
IQI:
0.19
SCHD:
0.33
IQI:
1.06
SCHD:
0.99
IQI:
3.70%
SCHD:
5.36%
IQI:
10.81%
SCHD:
16.40%
IQI:
-50.19%
SCHD:
-33.37%
IQI:
-16.45%
SCHD:
-9.75%
Returns By Period
In the year-to-date period, IQI achieves a -1.72% return, which is significantly higher than SCHD's -3.35% return. Over the past 10 years, IQI has underperformed SCHD with an annualized return of 3.04%, while SCHD has yielded a comparatively higher 10.58% annualized return.
IQI
-1.72%
-0.18%
-5.05%
4.88%
1.21%
0.62%
3.04%
SCHD
-3.35%
1.36%
-9.75%
5.67%
3.71%
12.22%
10.58%
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Risk-Adjusted Performance
IQI vs. SCHD — Risk-Adjusted Performance Rank
IQI
SCHD
IQI vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Quality Municipal Income Trust (IQI) and Schwab US Dividend Equity ETF (SCHD). 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
IQI vs. SCHD - Dividend Comparison
IQI's dividend yield for the trailing twelve months is around 8.07%, more than SCHD's 3.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQI Invesco Quality Municipal Income Trust | 8.07% | 6.48% | 4.70% | 5.82% | 4.53% | 4.61% | 4.88% | 6.04% | 5.33% | 6.15% | 6.08% | 6.24% |
SCHD Schwab US Dividend Equity ETF | 3.97% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
IQI vs. SCHD - Drawdown Comparison
The maximum IQI drawdown since its inception was -50.19%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IQI and SCHD.
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Volatility
IQI vs. SCHD - Volatility Comparison
The current volatility for Invesco Quality Municipal Income Trust (IQI) is 2.94%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.90%. This indicates that IQI experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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