RMUNX vs. EMB
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
RMUNX is managed by Invesco. It was launched on May 14, 1986. EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or EMB.
Correlation
The correlation between RMUNX and EMB 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.
Performance
RMUNX vs. EMB - Performance Comparison
Key characteristics
RMUNX:
-0.11
EMB:
1.20
RMUNX:
-0.09
EMB:
1.74
RMUNX:
0.99
EMB:
1.22
RMUNX:
-0.08
EMB:
0.70
RMUNX:
-0.37
EMB:
5.89
RMUNX:
2.57%
EMB:
1.58%
RMUNX:
8.78%
EMB:
7.78%
RMUNX:
-36.54%
EMB:
-34.70%
RMUNX:
-8.51%
EMB:
-4.78%
Returns By Period
In the year-to-date period, RMUNX achieves a -4.02% return, which is significantly lower than EMB's 3.00% return. Over the past 10 years, RMUNX has outperformed EMB with an annualized return of 3.60%, while EMB has yielded a comparatively lower 2.55% annualized return.
RMUNX
-4.02%
-1.56%
-3.90%
-0.43%
1.85%
3.60%
EMB
3.00%
0.54%
2.06%
9.11%
2.64%
2.55%
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RMUNX vs. EMB - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than EMB's 0.39% expense ratio.
Risk-Adjusted Performance
RMUNX vs. EMB — Risk-Adjusted Performance Rank
RMUNX
EMB
RMUNX vs. EMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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. EMB - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.37%, less than EMB's 5.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.37% | 4.11% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.49% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% | 4.56% |
Drawdowns
RMUNX vs. EMB - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for RMUNX and EMB. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. EMB - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 7.05% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 4.74%. This indicates that RMUNX's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.