VGM vs. IIM
Compare and contrast key facts about Invesco Trust for Investment Grade Municipals (VGM) and Invesco Value Municipal Income Trust (IIM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGM or IIM.
Correlation
The correlation between VGM and IIM is 0.38, 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. IIM - Performance Comparison
Key characteristics
VGM:
0.74
IIM:
0.82
VGM:
1.10
IIM:
1.23
VGM:
1.14
IIM:
1.16
VGM:
0.32
IIM:
0.35
VGM:
3.51
IIM:
2.91
VGM:
2.29%
IIM:
3.03%
VGM:
10.88%
IIM:
10.72%
VGM:
-49.37%
IIM:
-40.15%
VGM:
-18.57%
IIM:
-17.96%
Fundamentals
VGM:
$517.37M
IIM:
$544.11M
VGM:
$0.98
IIM:
$1.17
VGM:
9.73
IIM:
9.88
VGM:
0.00
IIM:
0.00
VGM:
12.00
IIM:
12.29
VGM:
0.84
IIM:
0.85
VGM:
$20.01M
IIM:
$20.99M
VGM:
$17.08M
IIM:
$18.12M
VGM:
$22.62M
IIM:
$23.73M
Returns By Period
In the year-to-date period, VGM achieves a -3.05% return, which is significantly lower than IIM's -0.25% return. Over the past 10 years, VGM has outperformed IIM with an annualized return of 2.25%, while IIM has yielded a comparatively lower 1.89% annualized return.
VGM
-3.05%
-4.05%
-5.28%
8.25%
0.97%
2.25%
IIM
-0.25%
-3.43%
-5.44%
9.37%
1.04%
1.89%
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Risk-Adjusted Performance
VGM vs. IIM — Risk-Adjusted Performance Rank
VGM
IIM
VGM vs. IIM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and Invesco Value Municipal Income Trust (IIM). 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. IIM - Dividend Comparison
VGM's dividend yield for the trailing twelve months is around 7.90%, more than IIM's 7.77% 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% |
IIM Invesco Value Municipal Income Trust | 7.77% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% | 5.49% |
Drawdowns
VGM vs. IIM - Drawdown Comparison
The maximum VGM drawdown since its inception was -49.37%, which is greater than IIM's maximum drawdown of -40.15%. Use the drawdown chart below to compare losses from any high point for VGM and IIM. For additional features, visit the drawdowns tool.
Volatility
VGM vs. IIM - Volatility Comparison
Invesco Trust for Investment Grade Municipals (VGM) has a higher volatility of 5.84% compared to Invesco Value Municipal Income Trust (IIM) at 5.54%. This indicates that VGM's price experiences larger fluctuations and is considered to be riskier than IIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
VGM vs. IIM - Financials Comparison
This section allows you to compare key financial metrics between Invesco Trust for Investment Grade Municipals and Invesco Value Municipal Income 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