Correlation
The correlation between VGM and VGT 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.
VGM vs. VGT
Compare and contrast key facts about Invesco Trust for Investment Grade Municipals (VGM) and Vanguard Information Technology ETF (VGT).
VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGM or VGT.
Performance
VGM vs. VGT - Performance Comparison
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Key characteristics
VGM:
0.51
VGT:
0.50
VGM:
0.74
VGT:
0.77
VGM:
1.10
VGT:
1.10
VGM:
0.24
VGT:
0.45
VGM:
1.80
VGT:
1.45
VGM:
2.91%
VGT:
8.45%
VGM:
10.49%
VGT:
30.23%
VGM:
-49.37%
VGT:
-54.63%
VGM:
-17.25%
VGT:
-5.34%
Returns By Period
The year-to-date returns for both investments are quite close, with VGM having a -1.48% return and VGT slightly higher at -1.47%. Over the past 10 years, VGM has underperformed VGT with an annualized return of 2.72%, while VGT has yielded a comparatively higher 19.97% annualized return.
VGM
-1.48%
-0.25%
-4.44%
5.35%
1.33%
0.77%
2.72%
VGT
-1.47%
7.81%
-2.38%
15.07%
20.19%
18.96%
19.97%
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Risk-Adjusted Performance
VGM vs. VGT — Risk-Adjusted Performance Rank
VGM
VGT
VGM vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and Vanguard Information Technology ETF (VGT). 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.
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Dividends
VGM vs. VGT - Dividend Comparison
VGM's dividend yield for the trailing twelve months is around 8.10%, more than VGT's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 8.10% | 6.39% | 4.40% | 5.66% | 4.66% | 4.66% | 4.86% | 5.99% | 5.83% | 6.52% | 6.62% | 6.64% |
VGT Vanguard Information Technology ETF | 0.52% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
VGM vs. VGT - Drawdown Comparison
The maximum VGM drawdown since its inception was -49.37%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for VGM and VGT.
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Volatility
VGM vs. VGT - Volatility Comparison
The current volatility for Invesco Trust for Investment Grade Municipals (VGM) is 2.87%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.58%. This indicates that VGM experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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