Correlation
The correlation between RMUNX and AGG is -0.07. 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.
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.
Performance
RMUNX vs. AGG - Performance Comparison
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Key characteristics
RMUNX:
-0.15
AGG:
1.11
RMUNX:
-0.24
AGG:
1.61
RMUNX:
0.96
AGG:
1.19
RMUNX:
-0.16
AGG:
0.49
RMUNX:
-0.62
AGG:
2.78
RMUNX:
3.17%
AGG:
2.15%
RMUNX:
8.81%
AGG:
5.39%
RMUNX:
-36.54%
AGG:
-18.43%
RMUNX:
-9.26%
AGG:
-6.61%
Returns By Period
In the year-to-date period, RMUNX achieves a -4.80% return, which is significantly lower than AGG's 2.55% return. Over the past 10 years, RMUNX has outperformed AGG with an annualized return of 3.21%, while AGG has yielded a comparatively lower 1.57% annualized return.
RMUNX
-4.80%
-1.87%
-6.81%
-1.78%
0.41%
0.88%
3.21%
AGG
2.55%
-0.34%
0.82%
5.56%
1.52%
-0.92%
1.57%
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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 Rank
RMUNX
AGG
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.
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Dividends
RMUNX vs. AGG - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.10%, more than AGG's 3.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.10% | 4.11% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.81% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
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.
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Volatility
RMUNX vs. AGG - Volatility Comparison
The current volatility for Invesco Rochester New York Municipals Fund (RMUNX) is 1.21%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.53%. This indicates that RMUNX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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