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.
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.
Performance
RMUNX vs. SMLF - Performance Comparison
Key characteristics
RMUNX:
-0.03
SMLF:
0.14
RMUNX:
0.02
SMLF:
0.37
RMUNX:
1.00
SMLF:
1.05
RMUNX:
-0.02
SMLF:
0.13
RMUNX:
-0.09
SMLF:
0.42
RMUNX:
2.60%
SMLF:
7.99%
RMUNX:
8.77%
SMLF:
23.59%
RMUNX:
-36.54%
SMLF:
-41.89%
RMUNX:
-8.38%
SMLF:
-16.62%
Returns By Period
In the year-to-date period, RMUNX achieves a -3.89% return, which is significantly higher than SMLF's -8.81% return. Over the past 10 years, RMUNX has underperformed SMLF with an annualized return of 3.61%, while SMLF has yielded a comparatively higher 9.40% annualized return.
RMUNX
-3.89%
-1.42%
-3.39%
-0.49%
1.89%
3.61%
SMLF
-8.81%
-1.33%
-7.43%
2.14%
14.47%
9.40%
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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.
Dividends
RMUNX vs. SMLF - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.37%, more than SMLF's 1.46% 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% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.46% | 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. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. SMLF - Volatility Comparison
The current volatility for Invesco Rochester New York Municipals Fund (RMUNX) is 7.03%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 15.16%. 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.