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 0.33, 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:
0.74
GBAB:
0.36
VGM:
1.10
GBAB:
0.58
VGM:
1.14
GBAB:
1.08
VGM:
0.32
GBAB:
0.21
VGM:
3.51
GBAB:
0.54
VGM:
2.29%
GBAB:
9.13%
VGM:
10.88%
GBAB:
13.72%
VGM:
-49.37%
GBAB:
-35.81%
VGM:
-18.57%
GBAB:
-18.52%
Fundamentals
VGM:
$517.37M
GBAB:
$400.65M
VGM:
$0.98
GBAB:
$1.96
VGM:
9.73
GBAB:
7.65
VGM:
0.00
GBAB:
0.00
VGM:
12.00
GBAB:
8.47
VGM:
0.84
GBAB:
0.96
VGM:
$20.01M
GBAB:
-$874.42K
VGM:
$17.08M
GBAB:
-$2.56M
VGM:
$22.62M
GBAB:
$25.97M
Returns By Period
In the year-to-date period, VGM achieves a -3.05% return, which is significantly lower than GBAB's 1.99% return. Over the past 10 years, VGM has underperformed GBAB with an annualized return of 2.25%, while GBAB has yielded a comparatively higher 3.62% annualized return.
VGM
-3.05%
-4.05%
-5.28%
8.25%
0.97%
2.25%
GBAB
1.99%
-2.15%
-6.58%
5.06%
-0.32%
3.62%
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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 7.90%, less than GBAB's 10.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 7.90% | 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 | 10.06% | 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. 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 5.84%, while Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has a volatility of 6.86%. 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