Correlation
The correlation between VGM and GBAB is 0.11, 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.
VGM vs. GBAB
Compare and contrast key facts about Invesco Trust for Investment Grade Municipals (VGM) and Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGM or GBAB.
Performance
VGM vs. GBAB - Performance Comparison
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Key characteristics
VGM:
0.51
GBAB:
0.06
VGM:
0.74
GBAB:
0.39
VGM:
1.10
GBAB:
1.05
VGM:
0.24
GBAB:
0.14
VGM:
1.80
GBAB:
0.30
VGM:
2.91%
GBAB:
10.20%
VGM:
10.49%
GBAB:
13.35%
VGM:
-49.37%
GBAB:
-35.81%
VGM:
-17.25%
GBAB:
-18.32%
Fundamentals
VGM:
$524.42M
GBAB:
$398.24M
VGM:
$0.38
GBAB:
$1.96
VGM:
25.34
GBAB:
7.61
VGM:
0.00
GBAB:
0.00
VGM:
12.40
GBAB:
8.42
VGM:
0.87
GBAB:
0.96
VGM:
$34.31M
GBAB:
$13.19M
VGM:
$21.00M
GBAB:
$11.39M
VGM:
$42.90M
GBAB:
$27.01M
Returns By Period
In the year-to-date period, VGM achieves a -1.48% return, which is significantly lower than GBAB's 2.24% return. Over the past 10 years, VGM has underperformed GBAB with an annualized return of 2.72%, while GBAB has yielded a comparatively higher 4.34% annualized return.
VGM
-1.48%
-0.25%
-4.44%
5.35%
1.33%
0.77%
2.72%
GBAB
2.24%
-1.66%
-2.03%
0.82%
1.28%
-0.64%
4.34%
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Risk-Adjusted Performance
VGM vs. GBAB — Risk-Adjusted Performance Rank
VGM
GBAB
VGM vs. GBAB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB). 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.
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Dividends
VGM vs. GBAB - Dividend Comparison
VGM's dividend yield for the trailing twelve months is around 8.10%, less than GBAB's 10.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 8.10% | 6.39% | 4.40% | 5.66% | 4.66% | 4.66% | 4.86% | 5.99% | 5.83% | 6.52% | 6.62% | 6.64% |
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 10.12% | 9.93% | 9.32% | 9.22% | 6.36% | 5.92% | 6.37% | 6.88% | 6.64% | 7.51% | 7.78% | 7.48% |
Drawdowns
VGM vs. GBAB - Drawdown Comparison
The maximum VGM drawdown since its inception was -49.37%, which is greater than GBAB's maximum drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for VGM and GBAB.
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Volatility
VGM vs. GBAB - Volatility Comparison
Invesco Trust for Investment Grade Municipals (VGM) has a higher volatility of 2.87% compared to Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) at 2.71%. This indicates that VGM's price experiences larger fluctuations and is considered to be riskier than GBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
VGM vs. GBAB - Financials Comparison
This section allows you to compare key financial metrics between Invesco Trust for Investment Grade Municipals and Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust. 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