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.
Correlation
The correlation between VGM and GBAB 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.
Performance
VGM vs. GBAB - Performance Comparison
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Key characteristics
VGM:
0.53
GBAB:
0.40
VGM:
0.92
GBAB:
0.52
VGM:
1.12
GBAB:
1.07
VGM:
0.30
GBAB:
0.20
VGM:
2.49
GBAB:
0.45
VGM:
2.66%
GBAB:
9.62%
VGM:
10.97%
GBAB:
13.53%
VGM:
-49.41%
GBAB:
-35.81%
VGM:
-17.22%
GBAB:
-17.22%
Fundamentals
VGM:
$526.05M
GBAB:
$407.06M
VGM:
$0.38
GBAB:
$1.96
VGM:
25.53
GBAB:
7.78
VGM:
0.00
GBAB:
0.00
VGM:
12.44
GBAB:
8.61
VGM:
0.88
GBAB:
0.98
VGM:
$20.01M
GBAB:
$12.32M
VGM:
$17.08M
GBAB:
$8.83M
VGM:
$22.62M
GBAB:
$52.98M
Returns By Period
In the year-to-date period, VGM achieves a -1.44% return, which is significantly lower than GBAB's 3.62% return. Over the past 10 years, VGM has underperformed GBAB with an annualized return of 2.54%, while GBAB has yielded a comparatively higher 4.19% annualized return.
VGM
-1.44%
3.45%
-1.84%
6.10%
1.30%
2.54%
GBAB
3.62%
5.27%
-1.71%
5.53%
-0.32%
4.19%
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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 7.73%, less than GBAB's 9.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 7.73% | 6.35% | 4.42% | 5.67% | 4.65% | 4.65% | 4.82% | 5.98% | 5.79% | 6.50% | 6.62% | 6.64% |
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 9.90% | 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 -49.41%, 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. For additional features, visit the drawdowns tool.
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Volatility
VGM vs. GBAB - Volatility Comparison
Invesco Trust for Investment Grade Municipals (VGM) has a higher volatility of 4.21% compared to Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) at 3.95%. 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