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.
Key characteristics
| RMUNX | SMLF | |
|---|---|---|
| YTD Return | 2.09% | 23.00% |
| 1Y Return | 11.34% | 46.60% |
| 3Y Return (Ann) | -1.23% | 7.75% |
| 5Y Return (Ann) | 1.88% | 12.97% |
| Sharpe Ratio | 2.06 | 2.42 |
| Sortino Ratio | 3.01 | 3.39 |
| Omega Ratio | 1.47 | 1.42 |
| Calmar Ratio | 0.82 | 2.96 |
| Martin Ratio | 9.56 | 15.17 |
| Ulcer Index | 1.20% | 2.94% |
| Daily Std Dev | 5.58% | 18.46% |
| Max Drawdown | -36.54% | -41.89% |
| Current Drawdown | -4.28% | 0.00% |
Correlation
The correlation between RMUNX and SMLF is 0.00, 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
In the year-to-date period, RMUNX achieves a 2.09% return, which is significantly lower than SMLF's 23.00% 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. 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 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 4.02%, more than SMLF's 0.84% 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% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.84% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% | 0.00% | 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 2.78%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 5.99%. 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.