Correlation
The correlation between RMUNX and VTIP is 0.07, 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. VTIP
Compare and contrast key facts about Invesco Rochester New York Municipals Fund (RMUNX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
RMUNX is managed by Invesco. It was launched on May 14, 1986. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMUNX or VTIP.
Performance
RMUNX vs. VTIP - Performance Comparison
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Key characteristics
RMUNX:
-0.15
VTIP:
3.36
RMUNX:
-0.24
VTIP:
5.08
RMUNX:
0.96
VTIP:
1.75
RMUNX:
-0.16
VTIP:
6.99
RMUNX:
-0.62
VTIP:
20.77
RMUNX:
3.17%
VTIP:
0.33%
RMUNX:
8.81%
VTIP:
2.04%
RMUNX:
-36.54%
VTIP:
-6.27%
RMUNX:
-9.26%
VTIP:
-0.38%
Returns By Period
In the year-to-date period, RMUNX achieves a -4.80% return, which is significantly lower than VTIP's 3.51% return. Over the past 10 years, RMUNX has outperformed VTIP with an annualized return of 3.21%, while VTIP has yielded a comparatively lower 2.85% annualized return.
RMUNX
-4.80%
-1.87%
-6.81%
-1.78%
0.41%
0.88%
3.21%
VTIP
3.51%
-0.22%
3.40%
6.58%
3.41%
3.88%
2.85%
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RMUNX vs. VTIP - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
RMUNX vs. VTIP — Risk-Adjusted Performance Rank
RMUNX
VTIP
RMUNX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rochester New York Municipals Fund (RMUNX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.10%, more than VTIP's 2.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 4.10% | 4.11% | 3.78% | 3.64% | 3.25% | 3.29% | 3.23% | 3.40% | 4.78% | 6.01% | 6.56% | 11.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 2.76% | 2.70% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% |
Drawdowns
RMUNX vs. VTIP - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.54%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for RMUNX and VTIP.
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Volatility
RMUNX vs. VTIP - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 1.21% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.80%. This indicates that RMUNX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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