VKMMX vs. ACTHX
Compare and contrast key facts about Invesco Municipal Income Fund (VKMMX) and Invesco High Yield Municipal Fund (ACTHX).
VKMMX is managed by Invesco. It was launched on Jul 31, 1990. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VKMMX or ACTHX.
Correlation
The correlation between VKMMX and ACTHX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VKMMX vs. ACTHX - Performance Comparison
Key characteristics
VKMMX:
0.02
ACTHX:
0.31
VKMMX:
0.07
ACTHX:
0.46
VKMMX:
1.01
ACTHX:
1.08
VKMMX:
0.01
ACTHX:
0.23
VKMMX:
0.07
ACTHX:
1.14
VKMMX:
1.85%
ACTHX:
1.99%
VKMMX:
6.44%
ACTHX:
7.35%
VKMMX:
-21.20%
ACTHX:
-27.29%
VKMMX:
-5.97%
ACTHX:
-6.45%
Returns By Period
In the year-to-date period, VKMMX achieves a -2.13% return, which is significantly lower than ACTHX's -1.77% return. Over the past 10 years, VKMMX has underperformed ACTHX with an annualized return of 2.05%, while ACTHX has yielded a comparatively higher 2.91% annualized return.
VKMMX
-2.13%
3.39%
-2.19%
0.13%
1.50%
2.05%
ACTHX
-1.77%
3.63%
-1.84%
2.27%
2.50%
2.91%
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VKMMX vs. ACTHX - Expense Ratio Comparison
VKMMX has a 0.81% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Risk-Adjusted Performance
VKMMX vs. ACTHX — Risk-Adjusted Performance Rank
VKMMX
ACTHX
VKMMX vs. ACTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Income Fund (VKMMX) and Invesco High Yield Municipal Fund (ACTHX). 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
VKMMX vs. ACTHX - Dividend Comparison
VKMMX's dividend yield for the trailing twelve months is around 3.47%, less than ACTHX's 4.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKMMX Invesco Municipal Income Fund | 3.47% | 3.77% | 3.75% | 3.42% | 3.04% | 2.84% | 3.55% | 4.07% | 3.61% | 4.13% | 4.22% | 4.14% |
ACTHX Invesco High Yield Municipal Fund | 4.92% | 5.21% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% |
Drawdowns
VKMMX vs. ACTHX - Drawdown Comparison
The maximum VKMMX drawdown since its inception was -21.20%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for VKMMX and ACTHX. For additional features, visit the drawdowns tool.
Volatility
VKMMX vs. ACTHX - Volatility Comparison
Invesco Municipal Income Fund (VKMMX) and Invesco High Yield Municipal Fund (ACTHX) have volatilities of 3.71% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.