Correlation
The correlation between RMUNX and TIP 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.
RMUNX vs. TIP
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and iShares TIPS Bond ETF (TIP).
RMUNX is managed by Invesco. It was launched on May 14, 1986. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or TIP.
Performance
RMUNX vs. TIP - Performance Comparison
Loading data...
Key characteristics
RMUNX:
-0.25
TIP:
1.09
RMUNX:
-0.38
TIP:
1.36
RMUNX:
0.94
TIP:
1.17
RMUNX:
-0.25
TIP:
0.47
RMUNX:
-0.96
TIP:
2.94
RMUNX:
3.05%
TIP:
1.61%
RMUNX:
8.84%
TIP:
4.76%
RMUNX:
-36.54%
TIP:
-14.56%
RMUNX:
-9.26%
TIP:
-5.10%
Returns By Period
In the year-to-date period, RMUNX achieves a -4.80% return, which is significantly lower than TIP's 3.04% return. Over the past 10 years, RMUNX has outperformed TIP with an annualized return of 3.23%, while TIP has yielded a comparatively lower 2.27% annualized return.
RMUNX
-4.80%
-0.38%
-5.45%
-2.16%
1.64%
1.05%
3.23%
TIP
3.04%
-0.62%
2.20%
5.02%
0.57%
1.27%
2.27%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RMUNX vs. TIP - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than TIP's 0.19% expense ratio.
Risk-Adjusted Performance
RMUNX vs. TIP — Risk-Adjusted Performance Rank
RMUNX
TIP
RMUNX vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and iShares TIPS Bond ETF (TIP). 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.
Loading data...
Dividends
RMUNX vs. TIP - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.46%, more than TIP's 2.92% 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% |
TIP iShares TIPS Bond ETF | 2.92% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
Drawdowns
RMUNX vs. TIP - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, which is greater than TIP's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for RMUNX and TIP.
Loading data...
Volatility
RMUNX vs. TIP - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 1.64% compared to iShares TIPS Bond ETF (TIP) at 1.44%. This indicates that RMUNX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...