VCV vs. ADX
Compare and contrast key facts about Invesco California Value Municipal Income Trust (VCV) and Adams Diversified Equity Fund, Inc. (ADX).
ADX is managed by Adams Funds. It was launched on Jan 2, 1990.
Performance
VCV vs. ADX - Performance Comparison
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VCV vs. ADX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCV Invesco California Value Municipal Income Trust | -4.55% | 9.44% | 18.62% | 7.91% | -28.40% | 9.65% | 7.85% | 18.63% | -5.27% | 9.01% |
ADX Adams Diversified Equity Fund, Inc. | -4.23% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
Returns By Period
In the year-to-date period, VCV achieves a -4.55% return, which is significantly lower than ADX's -4.23% return. Over the past 10 years, VCV has underperformed ADX with an annualized return of 2.39%, while ADX has yielded a comparatively higher 16.41% annualized return.
VCV
- 1D
- 0.48%
- 1M
- -7.22%
- YTD
- -4.55%
- 6M
- 2.12%
- 1Y
- 5.80%
- 3Y*
- 7.22%
- 5Y*
- 1.34%
- 10Y*
- 2.39%
ADX
- 1D
- 4.04%
- 1M
- -5.48%
- YTD
- -4.23%
- 6M
- 2.17%
- 1Y
- 25.55%
- 3Y*
- 23.81%
- 5Y*
- 14.65%
- 10Y*
- 16.41%
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Return for Risk
VCV vs. ADX — Risk / Return Rank
VCV
ADX
VCV vs. ADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco California Value Municipal Income Trust (VCV) and Adams Diversified Equity Fund, Inc. (ADX). 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.
| VCV | ADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 1.38 | -0.95 |
Sortino ratioReturn per unit of downside risk | 0.67 | 2.06 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 2.33 | -1.86 |
Martin ratioReturn relative to average drawdown | 1.38 | 10.84 | -9.46 |
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
| VCV | ADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 1.38 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.86 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.92 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.09 | +0.25 |
Correlation
The correlation between VCV and ADX is 0.10, 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
VCV vs. ADX - Dividend Comparison
VCV's dividend yield for the trailing twelve months is around 7.43%, less than ADX's 8.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCV Invesco California Value Municipal Income Trust | 7.43% | 6.96% | 5.76% | 4.16% | 5.46% | 4.09% | 4.07% | 4.43% | 5.46% | 5.10% | 5.86% | 5.98% |
ADX Adams Diversified Equity Fund, Inc. | 8.45% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
Drawdowns
VCV vs. ADX - Drawdown Comparison
The maximum VCV drawdown since its inception was -59.02%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for VCV and ADX.
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Drawdown Indicators
| VCV | ADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -71.60% | +12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -11.12% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -25.07% | -13.48% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -37.17% | -1.38% |
Current DrawdownCurrent decline from peak | -7.22% | -6.53% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -8.59% | -23.22% | +14.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.39% | +1.60% |
Volatility
VCV vs. ADX - Volatility Comparison
The current volatility for Invesco California Value Municipal Income Trust (VCV) is 2.69%, while Adams Diversified Equity Fund, Inc. (ADX) has a volatility of 6.18%. This indicates that VCV experiences smaller price fluctuations and is considered to be less risky than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCV | ADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 6.18% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 10.53% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.54% | 18.63% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 17.20% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 17.95% | -4.13% |