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 Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. It was launched on Oct 12, 2012.
Performance
RMUNX vs. VTIP - Performance Comparison
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RMUNX vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | -1.80% | 0.82% | 2.37% | 9.85% | -15.09% | 6.83% | 5.84% | 13.22% | 8.89% | 3.69% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 0.99% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Returns By Period
In the year-to-date period, RMUNX achieves a -1.80% return, which is significantly lower than VTIP's 0.99% return. Over the past 10 years, RMUNX has outperformed VTIP with an annualized return of 3.60%, while VTIP has yielded a comparatively lower 3.07% annualized return.
RMUNX
- 1D
- 0.28%
- 1M
- -3.01%
- YTD
- -1.80%
- 6M
- -1.48%
- 1Y
- -0.23%
- 3Y*
- 2.30%
- 5Y*
- -0.01%
- 10Y*
- 3.60%
VTIP
- 1D
- 0.02%
- 1M
- 0.10%
- YTD
- 0.99%
- 6M
- 1.37%
- 1Y
- 3.94%
- 3Y*
- 4.66%
- 5Y*
- 3.48%
- 10Y*
- 3.07%
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RMUNX vs. VTIP - Expense Ratio Comparison
RMUNX has a 0.78% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Return for Risk
RMUNX vs. VTIP — Risk / Return Rank
RMUNX
VTIP
RMUNX vs. VTIP - Risk-Adjusted Trends 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.
| RMUNX | VTIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 2.09 | -1.98 |
Sortino ratioReturn per unit of downside risk | 0.21 | 3.15 | -2.94 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.44 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 4.11 | -4.32 |
Martin ratioReturn relative to average drawdown | -0.46 | 13.24 | -13.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMUNX | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 2.09 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 1.26 | -1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 1.12 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.87 | +0.15 |
Correlation
The correlation between RMUNX and VTIP is 0.25, 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.
Dividends
RMUNX vs. VTIP - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 3.17%, less than VTIP's 3.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMUNX Invesco Rochester New York Municipals Fund | 3.17% | 5.30% | 4.81% | 3.77% | 3.03% | 3.24% | 3.32% | 3.43% | 3.40% | 4.34% | 6.01% | 6.55% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.77% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Drawdowns
RMUNX vs. VTIP - Drawdown Comparison
The maximum RMUNX drawdown since its inception was -36.55%, 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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Drawdown Indicators
| RMUNX | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.55% | -6.27% | -30.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -0.98% | -6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | -5.50% | -16.31% |
Max Drawdown (10Y)Largest decline over 10 years | -21.81% | -6.27% | -15.54% |
Current DrawdownCurrent decline from peak | -5.53% | -0.26% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -1.05% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 0.30% | +3.54% |
Volatility
RMUNX vs. VTIP - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 1.69% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.60%. 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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Volatility by Period
| RMUNX | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 0.60% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 0.97% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 1.90% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 2.78% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 2.74% | +3.23% |