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VGM vs. VIG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VGM vs. VIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Trust for Investment Grade Municipals (VGM) and Vanguard Dividend Appreciation ETF (VIG). The values are adjusted to include any dividend payments, if applicable.

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VGM vs. VIG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

VGM vs. VIG — Risk / Return Rank

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

VGM
VGM Risk / Return Rank: 6464
Overall Rank
VGM Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VGM Sortino Ratio Rank: 5959
Sortino Ratio Rank
VGM Omega Ratio Rank: 6161
Omega Ratio Rank
VGM Calmar Ratio Rank: 6464
Calmar Ratio Rank
VGM Martin Ratio Rank: 6868
Martin Ratio Rank

VIG
VIG Risk / Return Rank: 4747
Overall Rank
VIG Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
VIG Sortino Ratio Rank: 4646
Sortino Ratio Rank
VIG Omega Ratio Rank: 4848
Omega Ratio Rank
VIG Calmar Ratio Rank: 4444
Calmar Ratio Rank
VIG Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


VGMVIGDifference

Sharpe ratio

Return per unit of total volatility

0.82

0.87

-0.04

Sortino ratio

Return per unit of downside risk

1.17

1.33

-0.16

Omega ratio

Gain probability vs. loss probability

1.17

1.19

-0.02

Calmar ratio

Return relative to maximum drawdown

1.13

1.20

-0.07

Martin ratio

Return relative to average drawdown

3.25

5.31

-2.06

VGM vs. VIG - Sharpe Ratio Comparison

The current VGM Sharpe Ratio is 0.82, which is comparable to the VIG Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of VGM and VIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VGMVIGDifference

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.


TTM20252024202320222021202020192018201720162015
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


VGMVIGDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-7.57%

-5.73%

-1.84%

Average Drawdown

Average peak-to-trough decline

-9.00%

-5.55%

-3.45%

Ulcer Index

Depth 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


VGMVIGDifference

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%