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 0.32, 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
Key characteristics
VGM:
1.15
GBAB:
0.43
VGM:
1.74
GBAB:
0.70
VGM:
1.21
GBAB:
1.08
VGM:
0.44
GBAB:
0.24
VGM:
4.94
GBAB:
0.68
VGM:
2.21%
GBAB:
8.09%
VGM:
9.52%
GBAB:
12.85%
VGM:
-49.37%
GBAB:
-35.80%
VGM:
-14.08%
GBAB:
-16.44%
Fundamentals
VGM:
$553.17M
GBAB:
$414.75M
VGM:
$0.98
GBAB:
$1.96
VGM:
10.41
GBAB:
7.97
VGM:
0.00
GBAB:
0.00
VGM:
$41.44M
GBAB:
-$874.42K
VGM:
$33.24M
GBAB:
-$2.56M
VGM:
$42.06M
GBAB:
$25.97M
Returns By Period
In the year-to-date period, VGM achieves a 2.29% return, which is significantly lower than GBAB's 4.53% return. Over the past 10 years, VGM has underperformed GBAB with an annualized return of 2.81%, while GBAB has yielded a comparatively higher 3.66% annualized return.
VGM
2.29%
1.64%
2.45%
11.04%
0.00%
2.81%
GBAB
4.53%
2.06%
-8.50%
5.52%
-1.14%
3.66%
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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.
Dividends
VGM vs. GBAB - Dividend Comparison
VGM's dividend yield for the trailing twelve months is around 6.88%, less than GBAB's 9.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 6.88% | 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 | 9.67% | 9.95% | 9.34% | 9.24% | 6.37% | 5.93% | 6.39% | 6.89% | 6.65% | 7.51% | 7.77% | 7.47% |
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 -35.80%. Use the drawdown chart below to compare losses from any high point for VGM and GBAB. For additional features, visit the drawdowns tool.
Volatility
VGM vs. GBAB - Volatility Comparison
The current volatility for Invesco Trust for Investment Grade Municipals (VGM) is 2.43%, while Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has a volatility of 3.41%. This indicates that VGM experiences smaller price fluctuations and is considered to be less risky than GBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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