VBMFX vs. ACTHX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund (VBMFX) and Invesco High Yield Municipal Fund (ACTHX).
VBMFX is managed by Vanguard. It was launched on Dec 11, 1986. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBMFX or ACTHX.
Key characteristics
| VBMFX | ACTHX | |
|---|---|---|
| YTD Return | 2.12% | 5.16% |
| 1Y Return | 8.85% | 13.52% |
| 3Y Return (Ann) | -2.52% | -1.39% |
| 5Y Return (Ann) | -0.12% | 1.20% |
| 10Y Return (Ann) | 1.35% | 3.39% |
| Sharpe Ratio | 1.36 | 2.67 |
| Sortino Ratio | 2.01 | 4.13 |
| Omega Ratio | 1.25 | 1.66 |
| Calmar Ratio | 0.49 | 0.85 |
| Martin Ratio | 4.78 | 13.97 |
| Ulcer Index | 1.66% | 0.98% |
| Daily Std Dev | 5.81% | 5.11% |
| Max Drawdown | -19.21% | -27.29% |
| Current Drawdown | -8.90% | -4.70% |
Correlation
The correlation between VBMFX and ACTHX is 0.53, 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
VBMFX vs. ACTHX - Performance Comparison
In the year-to-date period, VBMFX achieves a 2.12% return, which is significantly lower than ACTHX's 5.16% return. Over the past 10 years, VBMFX has underperformed ACTHX with an annualized return of 1.35%, while ACTHX has yielded a comparatively higher 3.39% 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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VBMFX vs. ACTHX - Expense Ratio Comparison
VBMFX has a 0.15% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Risk-Adjusted Performance
VBMFX vs. ACTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund (VBMFX) and Invesco High Yield Municipal Fund (ACTHX). 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
VBMFX vs. ACTHX - Dividend Comparison
VBMFX's dividend yield for the trailing twelve months is around 3.45%, less than ACTHX's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMFX Vanguard Total Bond Market Index Fund | 3.45% | 3.00% | 2.42% | 1.81% | 2.14% | 2.64% | 2.67% | 2.43% | 2.38% | 2.38% | 2.43% | 2.43% |
ACTHX Invesco High Yield Municipal Fund | 5.15% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% | 5.91% |
Drawdowns
VBMFX vs. ACTHX - Drawdown Comparison
The maximum VBMFX drawdown since its inception was -19.21%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for VBMFX and ACTHX. For additional features, visit the drawdowns tool.
Volatility
VBMFX vs. ACTHX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund (VBMFX) is 1.66%, while Invesco High Yield Municipal Fund (ACTHX) has a volatility of 2.37%. This indicates that VBMFX experiences smaller price fluctuations and is considered to be less risky than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.