VGM vs. VOO
Compare and contrast key facts about Invesco Trust for Investment Grade Municipals (VGM) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGM or VOO.
Correlation
The correlation between VGM and VOO is 0.10, 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. VOO - Performance Comparison
Key characteristics
VGM:
1.13
VOO:
1.92
VGM:
1.72
VOO:
2.58
VGM:
1.21
VOO:
1.35
VGM:
0.43
VOO:
2.88
VGM:
4.85
VOO:
12.03
VGM:
2.21%
VOO:
2.02%
VGM:
9.49%
VOO:
12.69%
VGM:
-49.37%
VOO:
-33.99%
VGM:
-14.59%
VOO:
0.00%
Returns By Period
In the year-to-date period, VGM achieves a 1.69% return, which is significantly lower than VOO's 4.36% return. Over the past 10 years, VGM has underperformed VOO with an annualized return of 2.75%, while VOO has yielded a comparatively higher 13.28% annualized return.
VGM
1.69%
0.74%
2.14%
10.27%
-0.13%
2.75%
VOO
4.36%
2.34%
10.20%
24.11%
14.50%
13.28%
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Risk-Adjusted Performance
VGM vs. VOO — Risk-Adjusted Performance Rank
VGM
VOO
VGM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade Municipals (VGM) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VGM's dividend yield for the trailing twelve months is around 6.92%, more than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 6.92% | 6.39% | 4.40% | 5.66% | 4.66% | 4.66% | 4.86% | 5.99% | 5.83% | 6.52% | 6.62% | 6.64% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
VGM vs. VOO - Drawdown Comparison
The maximum VGM drawdown since its inception was -49.37%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VGM and VOO. For additional features, visit the drawdowns tool.
Volatility
VGM vs. VOO - Volatility Comparison
The current volatility for Invesco Trust for Investment Grade Municipals (VGM) is 2.52%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.12%. This indicates that VGM experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.