RMUNX vs. SPY
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and SPDR S&P 500 ETF (SPY).
RMUNX is managed by Invesco. It was launched on May 14, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or SPY.
Key characteristics
| RMUNX | SPY | |
|---|---|---|
| YTD Return | 2.09% | 27.04% |
| 1Y Return | 11.34% | 39.75% |
| 3Y Return (Ann) | -1.23% | 10.21% |
| 5Y Return (Ann) | 1.88% | 15.93% |
| 10Y Return (Ann) | 4.32% | 13.36% |
| Sharpe Ratio | 2.06 | 3.15 |
| Sortino Ratio | 3.01 | 4.19 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 0.82 | 4.60 |
| Martin Ratio | 9.56 | 20.85 |
| Ulcer Index | 1.20% | 1.85% |
| Daily Std Dev | 5.58% | 12.29% |
| Max Drawdown | -36.54% | -55.19% |
| Current Drawdown | -4.28% | 0.00% |
Correlation
The correlation between RMUNX and SPY is -0.02. 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. SPY - Performance Comparison
In the year-to-date period, RMUNX achieves a 2.09% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, RMUNX has underperformed SPY with an annualized return of 4.32%, while SPY has yielded a comparatively higher 13.36% annualized 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. SPY - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RMUNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.02%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RMUNX vs. SPY - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RMUNX and SPY. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. SPY - Volatility Comparison
The current volatility for Invesco Rochester New York Municipals Fund (RMUNX) is 2.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that RMUNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.