RMUNX vs. AGG
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and iShares Core U.S. Aggregate Bond ETF (AGG).
RMUNX is managed by Invesco. It was launched on May 14, 1986. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or AGG.
Key characteristics
| RMUNX | AGG | |
|---|---|---|
| YTD Return | 2.09% | 2.65% |
| 1Y Return | 11.34% | 9.31% |
| 3Y Return (Ann) | -1.23% | -2.21% |
| 5Y Return (Ann) | 1.88% | 0.10% |
| 10Y Return (Ann) | 4.32% | 1.55% |
| Sharpe Ratio | 2.06 | 1.40 |
| Sortino Ratio | 3.01 | 2.06 |
| Omega Ratio | 1.47 | 1.25 |
| Calmar Ratio | 0.82 | 0.54 |
| Martin Ratio | 9.56 | 5.12 |
| Ulcer Index | 1.20% | 1.64% |
| Daily Std Dev | 5.58% | 5.98% |
| Max Drawdown | -36.54% | -18.43% |
| Current Drawdown | -4.28% | -7.73% |
Correlation
The correlation between RMUNX and AGG is 0.41, 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
RMUNX vs. AGG - Performance Comparison
In the year-to-date period, RMUNX achieves a 2.09% return, which is significantly lower than AGG's 2.65% return. Over the past 10 years, RMUNX has outperformed AGG with an annualized return of 4.32%, while AGG has yielded a comparatively lower 1.55% 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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RMUNX vs. AGG - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
RMUNX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
RMUNX vs. AGG - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.02%, more than AGG's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.02% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% | 13.31% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
RMUNX vs. AGG - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for RMUNX and AGG. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. AGG - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 2.78% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.68%. This indicates that RMUNX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.