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VGM vs. ONEQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VGM and ONEQ is 0.14, 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. ONEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Trust for Investment Grade Municipals (VGM) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). The values are adjusted to include any dividend payments, if applicable.

200.00%400.00%600.00%800.00%1,000.00%1,200.00%December2025FebruaryMarchAprilMay
136.41%
1,087.17%
VGM
ONEQ

Key characteristics

Sharpe Ratio

VGM:

0.52

ONEQ:

0.42

Sortino Ratio

VGM:

1.03

ONEQ:

0.73

Omega Ratio

VGM:

1.13

ONEQ:

1.10

Calmar Ratio

VGM:

0.33

ONEQ:

0.42

Martin Ratio

VGM:

2.84

ONEQ:

1.39

Ulcer Index

VGM:

2.65%

ONEQ:

7.29%

Daily Std Dev

VGM:

10.99%

ONEQ:

25.60%

Max Drawdown

VGM:

-49.41%

ONEQ:

-55.09%

Current Drawdown

VGM:

-17.39%

ONEQ:

-11.09%

Returns By Period

In the year-to-date period, VGM achieves a -1.65% return, which is significantly higher than ONEQ's -7.15% return. Over the past 10 years, VGM has underperformed ONEQ with an annualized return of 2.52%, while ONEQ has yielded a comparatively higher 14.79% annualized return.


VGM

YTD

-1.65%

1M

2.26%

6M

-1.47%

1Y

5.67%

5Y*

1.20%

10Y*

2.52%

ONEQ

YTD

-7.15%

1M

17.12%

6M

-6.82%

1Y

10.59%

5Y*

15.57%

10Y*

14.79%

*Annualized

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Risk-Adjusted Performance

VGM vs. ONEQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGM
The Risk-Adjusted Performance Rank of VGM is 7070
Overall Rank
The Sharpe Ratio Rank of VGM is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of VGM is 6666
Sortino Ratio Rank
The Omega Ratio Rank of VGM is 6565
Omega Ratio Rank
The Calmar Ratio Rank of VGM is 6767
Calmar Ratio Rank
The Martin Ratio Rank of VGM is 7979
Martin Ratio Rank

ONEQ
The Risk-Adjusted Performance Rank of ONEQ is 5252
Overall Rank
The Sharpe Ratio Rank of ONEQ is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of ONEQ is 5151
Sortino Ratio Rank
The Omega Ratio Rank of ONEQ is 5252
Omega Ratio Rank
The Calmar Ratio Rank of ONEQ is 5555
Calmar Ratio Rank
The Martin Ratio Rank of ONEQ is 5050
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VGM vs. ONEQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.


The current VGM Sharpe Ratio is 0.52, which is comparable to the ONEQ Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of VGM and ONEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50December2025FebruaryMarchAprilMay
0.52
0.42
VGM
ONEQ

Dividends

VGM vs. ONEQ - Dividend Comparison

VGM's dividend yield for the trailing twelve months is around 7.74%, more than ONEQ's 0.68% yield.


TTM20242023202220212020201920182017201620152014
VGM
Invesco Trust for Investment Grade Municipals
7.74%6.35%4.42%5.67%4.65%4.65%4.82%5.98%5.79%6.50%6.62%6.64%
ONEQ
Fidelity NASDAQ Composite Index Tracking Stock
0.68%0.65%0.71%0.97%0.54%0.71%1.64%1.08%0.84%1.12%1.04%1.19%

Drawdowns

VGM vs. ONEQ - Drawdown Comparison

The maximum VGM drawdown since its inception was -49.41%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for VGM and ONEQ. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-17.39%
-11.09%
VGM
ONEQ

Volatility

VGM vs. ONEQ - Volatility Comparison

The current volatility for Invesco Trust for Investment Grade Municipals (VGM) is 4.55%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 14.21%. This indicates that VGM experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%December2025FebruaryMarchAprilMay
4.55%
14.21%
VGM
ONEQ