PVI vs. MO
Compare and contrast key facts about Invesco VRDO Tax-Free ETF (PVI) and Altria Group, Inc. (MO).
PVI is a passively managed fund by Invesco that tracks the performance of the ICE US Municipal AMT-Free VRDO Constrained Index. It was launched on Nov 15, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PVI or MO.
Key characteristics
| PVI | MO | |
|---|---|---|
| YTD Return | 1.13% | 16.45% |
| 1Y Return | 2.99% | 10.70% |
| 3Y Return (Ann) | 1.54% | 5.28% |
| 5Y Return (Ann) | 1.13% | 5.55% |
| 10Y Return (Ann) | 0.76% | 7.76% |
| Sharpe Ratio | 2.01 | 0.66 |
| Daily Std Dev | 1.48% | 17.12% |
| Max Drawdown | -4.10% | -65.96% |
| Current Drawdown | -0.04% | -3.88% |
Correlation
The correlation between PVI and MO is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PVI vs. MO - Performance Comparison
In the year-to-date period, PVI achieves a 1.13% return, which is significantly lower than MO's 16.45% return. Over the past 10 years, PVI has underperformed MO with an annualized return of 0.76%, while MO has yielded a comparatively higher 7.76% annualized 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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Risk-Adjusted Performance
PVI vs. MO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco VRDO Tax-Free ETF (PVI) and Altria Group, Inc. (MO). 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
PVI vs. MO - Dividend Comparison
PVI's dividend yield for the trailing twelve months is around 3.41%, less than MO's 8.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVI Invesco VRDO Tax-Free ETF | 3.41% | 3.36% | 0.56% | 0.00% | 0.36% | 1.12% | 1.14% | 0.56% | 0.13% | 0.00% | 0.00% | 0.03% |
MO Altria Group, Inc. | 8.44% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% | 4.06% | 4.79% |
Drawdowns
PVI vs. MO - Drawdown Comparison
The maximum PVI drawdown since its inception was -4.10%, smaller than the maximum MO drawdown of -65.96%. Use the drawdown chart below to compare losses from any high point for PVI and MO. For additional features, visit the drawdowns tool.
Volatility
PVI vs. MO - Volatility Comparison
The current volatility for Invesco VRDO Tax-Free ETF (PVI) is 0.46%, while Altria Group, Inc. (MO) has a volatility of 2.97%. This indicates that PVI experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.