VCV vs. AJG
VCV (Invesco California Value Municipal Income Trust) and AJG (Arthur J. Gallagher & Co.) are both stocks. Both are in the Financial Services sector — VCV in Asset Management, AJG in Insurance Brokers. Over the past 10 years, VCV returned 2.45%/yr vs 17.35%/yr for AJG. At a 0.04 correlation, their price movements are largely independent.
Performance
VCV vs. AJG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VCV achieves a -1.63% return, which is significantly higher than AJG's -21.51% return. Over the past 10 years, VCV has underperformed AJG with an annualized return of 2.45%, while AJG has yielded a comparatively higher 17.35% annualized return.
VCV
- 1D
- 0.09%
- 1M
- 0.89%
- YTD
- -1.63%
- 6M
- 2.85%
- 1Y
- 10.49%
- 3Y*
- 10.88%
- 5Y*
- 0.50%
- 10Y*
- 2.45%
AJG
- 1D
- -1.59%
- 1M
- -2.19%
- YTD
- -21.51%
- 6M
- -17.00%
- 1Y
- -40.77%
- 3Y*
- 0.32%
- 5Y*
- 7.98%
- 10Y*
- 17.35%
VCV vs. AJG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCV Invesco California Value Municipal Income Trust | -1.63% | 9.44% | 18.62% | 7.91% | -28.40% | 9.65% | 7.85% | 18.63% | -5.27% | 9.01% |
AJG Arthur J. Gallagher & Co. | -21.51% | -8.03% | 27.34% | 20.51% | 12.44% | 39.02% | 32.12% | 31.79% | 19.19% | 25.04% |
Correlation
The correlation between VCV and AJG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 1994 | 0.04 |
The correlation between VCV and AJG shifts across timeframes, from -0.03 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
VCV:
$0.62
AJG:
$5.74
VCV:
17.10
AJG:
35.30
VCV:
0.09
AJG:
3.66
VCV:
7.88
AJG:
3.78
VCV:
$64.85M
AJG:
$13.94B
VCV:
$46.46M
AJG:
$7.63B
VCV:
$58.08M
AJG:
$3.66B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VCV vs. AJG — Risk / Return Rank
VCV
AJG
VCV vs. AJG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco California Value Municipal Income Trust (VCV) and Arthur J. Gallagher & Co. (AJG). 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 | AJG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.73 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -0.97 | +2.24 |
| Martin ratioReturn relative to average drawdown | 3.09 | -1.63 | +4.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VCV | AJG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -1.48 | +2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.35 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.76 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.47 | -0.12 |
Drawdowns
VCV vs. AJG - Drawdown Comparison
The maximum VCV drawdown since its inception was -59.02%, roughly equal to the maximum AJG drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for VCV and AJG.
Loading charts...
Drawdown Indicators
| VCV | AJG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -57.49% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -42.35% | +34.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -44.40% | +27.41% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -44.40% | +5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -44.40% | +5.85% |
Current DrawdownCurrent decline from peak | -4.38% | -41.36% | +36.98% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -12.82% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 26.73% | -23.33% |
Volatility
VCV vs. AJG - Volatility Comparison
The current volatility for Invesco California Value Municipal Income Trust (VCV) is 1.85%, while Arthur J. Gallagher & Co. (AJG) has a volatility of 8.97%. This indicates that VCV experiences smaller price fluctuations and is considered to be less risky than AJG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VCV | AJG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 8.97% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.22% | 21.79% | -14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 27.57% | -17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 22.84% | -9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.80% | 23.02% | -9.22% |
Dividends
VCV vs. AJG - Dividend Comparison
VCV's dividend yield for the trailing twelve months is around 7.29%, more than AJG's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJG Arthur J. Gallagher & Co. | 1.31% | 1.00% | 0.85% | 0.98% | 1.08% | 1.13% | 1.46% | 1.81% | 2.23% | 2.47% | 2.93% | 3.62% |
VCV Invesco California Value Municipal Income Trust | 7.29% | 6.96% | 5.76% | 4.16% | 5.46% | 4.09% | 4.07% | 4.43% | 5.46% | 5.10% | 5.86% | 5.98% |
Financials
VCV vs. AJG - Financials Comparison
This section allows you to compare key financial metrics between Invesco California Value Municipal Income Trust and Arthur J. Gallagher & Co.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
VCV and AJG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AJG has higher volatility (8.97%) compared to VCV (1.85%). In terms of maximum drawdown, VCV dropped -59.02% vs AJG's -57.49%.
VCV currently has the higher Sharpe Ratio (1.01 vs -1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VCV and AJG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer