Correlation
The correlation between RMUNX and SMLF is 0.01, 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.
RMUNX vs. SMLF
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
RMUNX is managed by Invesco. It was launched on May 14, 1986. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or SMLF.
Performance
RMUNX vs. SMLF - Performance Comparison
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Key characteristics
RMUNX:
-0.25
SMLF:
0.23
RMUNX:
-0.38
SMLF:
0.38
RMUNX:
0.94
SMLF:
1.05
RMUNX:
-0.25
SMLF:
0.13
RMUNX:
-0.96
SMLF:
0.40
RMUNX:
3.05%
SMLF:
8.63%
RMUNX:
8.84%
SMLF:
23.97%
RMUNX:
-36.54%
SMLF:
-41.89%
RMUNX:
-9.26%
SMLF:
-12.59%
Returns By Period
In the year-to-date period, RMUNX achieves a -4.80% return, which is significantly lower than SMLF's -4.40% return. Over the past 10 years, RMUNX has underperformed SMLF with an annualized return of 3.23%, while SMLF has yielded a comparatively higher 9.23% annualized return.
RMUNX
-4.80%
-0.38%
-5.45%
-2.16%
1.64%
1.05%
3.23%
SMLF
-4.40%
6.20%
-11.28%
4.66%
10.69%
15.08%
9.23%
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RMUNX vs. SMLF - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than SMLF's 0.30% expense ratio.
Risk-Adjusted Performance
RMUNX vs. SMLF — Risk-Adjusted Performance Rank
RMUNX
SMLF
RMUNX vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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. SMLF - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.46%, more than SMLF's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.46% | 4.11% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.40% | 1.33% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% | 0.00% |
Drawdowns
RMUNX vs. SMLF - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, smaller than the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for RMUNX and SMLF.
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Volatility
RMUNX vs. SMLF - Volatility Comparison
The current volatility for Invesco Rochester New York Municipals Fund (RMUNX) is 1.64%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 5.80%. This indicates that RMUNX experiences smaller price fluctuations and is considered to be less risky than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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