VKQ vs. HYMU
Compare and contrast key facts about Invesco Municipal Trust (VKQ) and BlackRock High Yield Muni Income Bond ETF (HYMU).
HYMU is an actively managed fund by BlackRock. It was launched on Mar 16, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VKQ or HYMU.
Key characteristics
| VKQ | HYMU | |
|---|---|---|
| YTD Return | 11.54% | 7.03% |
| 1Y Return | 22.98% | 15.24% |
| 3Y Return (Ann) | -4.08% | -0.27% |
| Sharpe Ratio | 2.22 | 2.67 |
| Sortino Ratio | 3.42 | 3.97 |
| Omega Ratio | 1.44 | 1.54 |
| Calmar Ratio | 0.70 | 0.95 |
| Martin Ratio | 12.85 | 19.18 |
| Ulcer Index | 1.71% | 0.76% |
| Daily Std Dev | 9.91% | 5.49% |
| Max Drawdown | -51.05% | -22.55% |
| Current Drawdown | -15.50% | -2.51% |
Correlation
The correlation between VKQ and HYMU is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VKQ vs. HYMU - Performance Comparison
In the year-to-date period, VKQ achieves a 11.54% return, which is significantly higher than HYMU's 7.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
VKQ vs. HYMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Trust (VKQ) and BlackRock High Yield Muni Income Bond ETF (HYMU). 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
VKQ vs. HYMU - Dividend Comparison
VKQ's dividend yield for the trailing twelve months is around 5.70%, more than HYMU's 4.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKQ Invesco Municipal Trust | 5.70% | 4.60% | 5.63% | 4.71% | 4.66% | 4.99% | 5.98% | 5.76% | 6.43% | 6.39% | 6.37% | 7.35% |
HYMU BlackRock High Yield Muni Income Bond ETF | 4.21% | 4.36% | 4.02% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VKQ vs. HYMU - Drawdown Comparison
The maximum VKQ drawdown since its inception was -51.05%, which is greater than HYMU's maximum drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for VKQ and HYMU. For additional features, visit the drawdowns tool.
Volatility
VKQ vs. HYMU - Volatility Comparison
Invesco Municipal Trust (VKQ) has a higher volatility of 2.42% compared to BlackRock High Yield Muni Income Bond ETF (HYMU) at 2.01%. This indicates that VKQ's price experiences larger fluctuations and is considered to be riskier than HYMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.