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.
Key characteristics
| VGM | GBAB | |
|---|---|---|
| YTD Return | 9.35% | 6.45% |
| 1Y Return | 19.26% | 13.07% |
| 3Y Return (Ann) | -4.41% | -4.30% |
| 5Y Return (Ann) | 0.88% | 0.05% |
| 10Y Return (Ann) | 3.08% | 4.37% |
| Sharpe Ratio | 1.96 | 0.98 |
| Sortino Ratio | 3.09 | 1.54 |
| Omega Ratio | 1.37 | 1.17 |
| Calmar Ratio | 0.69 | 0.49 |
| Martin Ratio | 10.94 | 2.84 |
| Ulcer Index | 1.76% | 4.59% |
| Daily Std Dev | 9.85% | 13.32% |
| Max Drawdown | -49.37% | -35.81% |
| Current Drawdown | -15.59% | -17.33% |
Fundamentals
| VGM | GBAB | |
|---|---|---|
| Market Cap | $551.54M | $394.10M |
| EPS | $0.98 | $0.93 |
| PE Ratio | 10.38 | 17.09 |
| PEG Ratio | 0.00 | 0.00 |
| Total Revenue (TTM) | $41.44M | $12.50M |
| Gross Profit (TTM) | $35.88M | $9.16M |
| EBITDA (TTM) | $42.06M | $49.50M |
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
In the year-to-date period, VGM achieves a 9.35% return, which is significantly higher than GBAB's 6.45% return. Over the past 10 years, VGM has underperformed GBAB with an annualized return of 3.08%, while GBAB has yielded a comparatively higher 4.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 5.97%, less than GBAB's 9.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 5.97% | 4.40% | 5.66% | 4.66% | 4.66% | 4.86% | 5.99% | 5.83% | 6.52% | 6.62% | 6.64% | 7.68% |
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 9.46% | 9.34% | 9.24% | 6.37% | 5.93% | 6.39% | 6.89% | 6.65% | 7.51% | 7.77% | 7.47% | 8.31% |
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
Invesco Trust for Investment Grade Municipals (VGM) and Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) have volatilities of 3.33% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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