VCV vs. CASY

Last updated Aug 1, 2026

VCV (Invesco California Value Municipal Income Trust) and CASY (Casey's General Stores, Inc.) are both stocks. VCV operates in Asset Management (Financial Services), while CASY operates in Grocery Stores (Consumer Defensive). Over the past 10 years, VCV returned 2.31%/yr vs 21.62%/yr for CASY. Their 0.06 correlation means their historical movements had little consistent relationship.

Performance

VCV vs. CASY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco California Value Municipal Income Trust (VCV) and Casey's General Stores, Inc. (CASY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VCV achieves a -1.19% return, which is significantly lower than CASY's 57.96% return. Over the past 10 years, VCV has underperformed CASY with an annualized return of 2.31%, while CASY has yielded a comparatively higher 21.62% annualized return.

VCV

• 1D: 0.38%
• 1M: -1.64%
• 6M: -1.66%
• YTD: -1.19%
• 1Y: 10.69%
• 3Y*: 9.22%
• 5Y*: -0.27%
• 10Y*: 2.31%
• ALL TIME*: 5.11%

CASY

• 1D: 0.48%
• 1M: 9.31%
• 6M: 43.82%
• YTD: 57.96%
• 1Y: 67.19%
• 3Y*: 52.68%
• 5Y*: 35.28%
• 10Y*: 21.62%
• ALL TIME*: 17.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CASY Casey's General Stores, Inc.	$245.76M	$307.12M	$433.26M
VCV Invesco California Value Municipal Income Trust	$1.27M	$1.09M	$1.04M

VCV vs. CASY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VCV Invesco California Value Municipal Income Trust	-1.19%	9.44%	18.62%	7.91%	-28.40%	9.65%	7.85%	18.63%	-5.27%	9.01%
CASY Casey's General Stores, Inc.	57.96%	40.12%	45.01%	23.27%	14.49%	11.25%	13.24%	25.12%	15.59%	-4.99%

Correlation

The correlation between VCV and CASY is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	0.06
Correlation (5Y) Shows whether the relationship held over a longer period.	0.07
Correlation (10Y) Provides a long-term view across more market conditions.	0.07
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994	0.06

Fundamentals

Market Cap VCV : $507.07M CASY : $32.23B
EPS VCV : $0.62 CASY : $19.19
PE Ratio VCV : 16.97 CASY : 45.40
PEG Ratio VCV : 0.09 CASY : 2.17
PS Ratio VCV : 7.82 CASY : 1.85
PB Ratio VCV : 0.99 CASY : 8.20
Total Revenue (TTM) VCV : $64.85M CASY : $17.56B
Gross Profit (TTM) VCV : $46.46M CASY : $4.32B
EBITDA (TTM) VCV : $58.08M CASY : $1.58B

Return for Risk

VCV vs. CASY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VCV

VCV Risk / Return Rank: 78
VCV Sharpe Ratio Rank: 82
VCV Sortino Ratio Rank: 79
VCV Omega Ratio Rank: 80
VCV Calmar Ratio Rank: 75
VCV Martin Ratio Rank: 76

CASY

CASY Risk / Return Rank: 94
CASY Sharpe Ratio Rank: 93
CASY Sortino Ratio Rank: 95
CASY Omega Ratio Rank: 93
CASY Calmar Ratio Rank: 93
CASY Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VCV vs. CASY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco California Value Municipal Income Trust (VCV) and Casey's General Stores, Inc. (CASY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VCV	CASY	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.09	-0.75
Sortino ratio: Return per unit of downside risk	1.98	3.48	-1.50
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	1.60	4.27	-2.66
Martin ratio: Return relative to average drawdown	4.09	13.02	-8.93

VCV vs. CASY - Sharpe Ratio Comparison

The current VCV Sharpe Ratio is 1.35, which is lower than the CASY Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of VCV and CASY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VCV vs. CASY - Drawdown Comparison

The maximum VCV drawdown since its inception was -59.02%, smaller than the maximum CASY drawdown of -74.32%. Use the drawdown chart below to compare losses from any high point for VCV and CASY.

Drawdown Indicators

	VCV	CASY	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-74.32%	+15.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-16.07%	+7.78%
Max Drawdown (3Y) Largest decline over 3 years	-15.18%	-16.07%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-38.55%	-17.13%	-21.42%
Max Drawdown (10Y) Largest decline over 10 years	-38.55%	-33.41%	-5.14%
Current Drawdown Current decline from peak	-3.95%	-4.87%	+0.92%
Average Drawdown Average peak-to-trough decline	-8.54%	-15.13%	+6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	5.26%	-2.02%

Volatility

VCV vs. CASY - Volatility Comparison

The current volatility for Invesco California Value Municipal Income Trust (VCV) is 2.38%, while Casey's General Stores, Inc. (CASY) has a volatility of 10.63%. This indicates that VCV experiences smaller price fluctuations and is considered to be less risky than CASY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VCV	CASY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	10.63%	-8.25%
Volatility (6M) Calculated over the trailing 6-month period	5.65%	27.50%	-21.85%
Volatility (1Y) Calculated over the trailing 1-year period	9.88%	32.81%	-22.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	28.19%	-15.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	28.30%	-14.55%

Dividends

VCV vs. CASY - Dividend Comparison

VCV's dividend yield for the trailing twelve months is around 7.35%, more than CASY's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CASY Casey's General Stores, Inc.	0.27%	0.39%	0.47%	0.59%	0.65%	0.69%	0.72%	0.77%	0.86%	0.89%	0.77%	0.70%
VCV Invesco California Value Municipal Income Trust	7.35%	6.96%	5.76%	4.16%	5.46%	4.09%	4.07%	4.43%	5.46%	5.10%	5.86%	5.98%

Financials

Frequently Asked Questions

Can I hold both VCV and CASY in my portfolio?

VCV and CASY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VCV or CASY?

CASY has higher volatility (10.63%) compared to VCV (2.38%). In terms of maximum drawdown, VCV dropped -59.02% vs CASY's -74.32%.

Which has better risk-adjusted returns?

CASY currently has the higher Sharpe Ratio (2.09 vs 1.35), 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.