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:
1.32
GBAB:
0.41
VGM:
2.00
GBAB:
0.69
VGM:
1.25
GBAB:
1.08
VGM:
0.50
GBAB:
0.23
VGM:
6.01
GBAB:
0.73
VGM:
2.12%
GBAB:
7.22%
VGM:
9.69%
GBAB:
12.79%
VGM:
-49.37%
GBAB:
-35.80%
VGM:
-15.21%
GBAB:
-17.39%
Fundamentals
VGM:
$549.91M
GBAB:
$386.41M
VGM:
$0.98
GBAB:
$0.93
VGM:
10.34
GBAB:
16.75
VGM:
0.00
GBAB:
0.00
VGM:
$30.72M
GBAB:
-$874.42K
VGM:
$25.16M
GBAB:
-$2.56M
VGM:
$32.34M
GBAB:
$25.97M
Returns By Period
In the year-to-date period, VGM achieves a 0.94% return, which is significantly lower than GBAB's 3.35% return. Over the past 10 years, VGM has underperformed GBAB with an annualized return of 2.65%, while GBAB has yielded a comparatively higher 3.90% annualized return.
VGM
0.94%
2.36%
4.16%
13.35%
0.22%
2.65%
GBAB
3.35%
4.72%
1.18%
5.66%
-0.83%
3.90%
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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 6.67%, less than GBAB's 9.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 6.67% | 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 | 9.70% | 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 4.11%, while Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has a volatility of 4.35%. 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