SRHMX vs. IMSI
Compare and contrast key facts about Columbia High Yield Municipal Fund (SRHMX) and Invesco Municipal Strategic Income ETF (IMSI).
SRHMX is managed by Columbia Threadneedle. It was launched on Mar 4, 1984. IMSI is an actively managed fund by Invesco. It was launched on Dec 5, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRHMX or IMSI.
Correlation
The correlation between SRHMX and IMSI is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SRHMX vs. IMSI - Performance Comparison
Key characteristics
SRHMX:
1.60
IMSI:
1.70
SRHMX:
2.25
IMSI:
2.42
SRHMX:
1.35
IMSI:
1.33
SRHMX:
0.65
IMSI:
3.45
SRHMX:
5.92
IMSI:
10.25
SRHMX:
1.41%
IMSI:
0.49%
SRHMX:
5.19%
IMSI:
2.97%
SRHMX:
-26.05%
IMSI:
-4.79%
SRHMX:
-4.83%
IMSI:
-0.49%
Returns By Period
In the year-to-date period, SRHMX achieves a -0.43% return, which is significantly lower than IMSI's 0.26% return.
SRHMX
-0.43%
0.50%
1.29%
8.82%
0.81%
2.76%
IMSI
0.26%
0.36%
1.74%
5.18%
N/A
N/A
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SRHMX vs. IMSI - Expense Ratio Comparison
SRHMX has a 0.65% expense ratio, which is higher than IMSI's 0.39% expense ratio.
Risk-Adjusted Performance
SRHMX vs. IMSI — Risk-Adjusted Performance Rank
SRHMX
IMSI
SRHMX vs. IMSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia High Yield Municipal Fund (SRHMX) and Invesco Municipal Strategic Income ETF (IMSI). 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
SRHMX vs. IMSI - Dividend Comparison
SRHMX's dividend yield for the trailing twelve months is around 4.78%, more than IMSI's 4.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRHMX Columbia High Yield Municipal Fund | 4.78% | 4.76% | 4.68% | 4.89% | 3.41% | 3.83% | 4.19% | 5.11% | 4.31% | 4.56% | 4.55% | 4.71% |
IMSI Invesco Municipal Strategic Income ETF | 4.06% | 4.08% | 4.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SRHMX vs. IMSI - Drawdown Comparison
The maximum SRHMX drawdown since its inception was -26.05%, which is greater than IMSI's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for SRHMX and IMSI. For additional features, visit the drawdowns tool.
Volatility
SRHMX vs. IMSI - Volatility Comparison
Columbia High Yield Municipal Fund (SRHMX) has a higher volatility of 1.85% compared to Invesco Municipal Strategic Income ETF (IMSI) at 0.97%. This indicates that SRHMX's price experiences larger fluctuations and is considered to be riskier than IMSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.