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.
Key characteristics
| RMUNX | VTIP | |
|---|---|---|
| YTD Return | 2.09% | 4.61% |
| 1Y Return | 11.34% | 7.15% |
| 3Y Return (Ann) | -1.23% | 2.24% |
| 5Y Return (Ann) | 1.88% | 3.56% |
| 10Y Return (Ann) | 4.32% | 2.40% |
| Sharpe Ratio | 2.06 | 3.19 |
| Sortino Ratio | 3.01 | 5.64 |
| Omega Ratio | 1.47 | 1.74 |
| Calmar Ratio | 0.82 | 4.00 |
| Martin Ratio | 9.56 | 26.90 |
| Ulcer Index | 1.20% | 0.26% |
| Daily Std Dev | 5.58% | 2.17% |
| Max Drawdown | -36.54% | -6.27% |
| Current Drawdown | -4.28% | -0.41% |
Correlation
The correlation between RMUNX and VTIP is 0.24, 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. VTIP - Performance Comparison
In the year-to-date period, RMUNX achieves a 2.09% return, which is significantly lower than VTIP's 4.61% return. Over the past 10 years, RMUNX has outperformed VTIP with an annualized return of 4.32%, while VTIP has yielded a comparatively lower 2.40% 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. 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 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.
Dividends
RMUNX vs. VTIP - Dividend Comparison
RMUNX's dividend yield for the trailing twelve months is around 4.02%, more than VTIP's 3.38% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
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. For additional features, visit the drawdowns tool.
Volatility
RMUNX vs. VTIP - Volatility Comparison
Invesco Rochester New York Municipals Fund (RMUNX) has a higher volatility of 2.78% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. 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.