VGM vs. VIG
Compare and contrast key facts about Invesco Trust for Investment Grade Municipals (VGM) and Vanguard Dividend Appreciation ETF (VIG).
VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013.
Performance
VGM vs. VIG - Performance Comparison
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VGM vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | -0.88% | 11.03% | 8.77% | 2.99% | -24.15% | 10.88% | 7.97% | 17.59% | -7.86% | 9.51% |
VIG Vanguard Dividend Appreciation ETF | -1.48% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
Returns By Period
In the year-to-date period, VGM achieves a -0.88% return, which is significantly higher than VIG's -1.48% return. Over the past 10 years, VGM has underperformed VIG with an annualized return of 2.34%, while VIG has yielded a comparatively higher 12.29% annualized return.
VGM
- 1D
- 2.23%
- 1M
- -3.12%
- YTD
- -0.88%
- 6M
- 2.50%
- 1Y
- 8.61%
- 3Y*
- 7.20%
- 5Y*
- -0.01%
- 10Y*
- 2.34%
VIG
- 1D
- 0.29%
- 1M
- -4.68%
- YTD
- -1.48%
- 6M
- 0.22%
- 1Y
- 13.20%
- 3Y*
- 13.91%
- 5Y*
- 9.83%
- 10Y*
- 12.29%
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Return for Risk
VGM vs. VIG — Risk / Return Rank
VGM
VIG
VGM vs. VIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and Vanguard Dividend Appreciation ETF (VIG). 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.
| VGM | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.87 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.33 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.20 | -0.07 |
Martin ratioReturn relative to average drawdown | 3.25 | 5.31 | -2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGM | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.87 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.69 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.77 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.57 | -0.28 |
Correlation
The correlation between VGM and VIG is 0.13, 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.
Dividends
VGM vs. VIG - Dividend Comparison
VGM's dividend yield for the trailing twelve months is around 7.68%, more than VIG's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 7.68% | 7.48% | 6.35% | 4.42% | 5.67% | 4.65% | 4.65% | 4.82% | 5.97% | 5.79% | 6.50% | 6.62% |
VIG Vanguard Dividend Appreciation ETF | 1.60% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
VGM vs. VIG - Drawdown Comparison
The maximum VGM drawdown since its inception was -49.40%, which is greater than VIG's maximum drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VGM and VIG.
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Drawdown Indicators
| VGM | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.40% | -46.81% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -10.83% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -20.39% | -16.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -31.72% | -4.89% |
Current DrawdownCurrent decline from peak | -7.57% | -5.73% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -5.55% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.45% | +0.47% |
Volatility
VGM vs. VIG - Volatility Comparison
Invesco Trust for Investment Grade Municipals (VGM) has a higher volatility of 5.53% compared to Vanguard Dividend Appreciation ETF (VIG) at 4.05%. This indicates that VGM's price experiences larger fluctuations and is considered to be riskier than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGM | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 4.05% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 7.82% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 15.28% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.29% | 14.26% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 16.04% | -3.72% |