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:
1.10
VOO:
2.06
VGM:
1.68
VOO:
2.74
VGM:
1.21
VOO:
1.38
VGM:
0.42
VOO:
3.12
VGM:
5.08
VOO:
13.13
VGM:
2.12%
VOO:
2.01%
VGM:
9.76%
VOO:
12.79%
VGM:
-49.37%
VOO:
-33.99%
VGM:
-15.67%
VOO:
-2.30%
Returns By Period
In the year-to-date period, VGM achieves a 0.40% return, which is significantly lower than VOO's 1.01% return. Over the past 10 years, VGM has underperformed VOO with an annualized return of 2.61%, while VOO has yielded a comparatively higher 13.44% annualized return.
VGM
0.40%
0.50%
2.88%
12.15%
0.11%
2.61%
VOO
1.01%
-1.70%
7.82%
27.03%
14.08%
13.44%
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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 6.03%, more than VOO's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGM Invesco Trust for Investment Grade Municipals | 6.03% | 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 | 1.23% | 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 4.09%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.96%. 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.