VKQ vs. MFM
VKQ (Invesco Municipal Trust) and MFM (MFS Municipal Income Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, VKQ returned 2.70%/yr vs 2.10%/yr for MFM. At a 0.30 correlation, their price movements are largely independent.
Performance
VKQ vs. MFM - Performance Comparison
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Returns By Period
In the year-to-date period, VKQ achieves a 8.02% return, which is significantly higher than MFM's 5.32% return. Over the past 10 years, VKQ has outperformed MFM with an annualized return of 2.70%, while MFM has yielded a comparatively lower 2.10% annualized return.
VKQ
- 1D
- 0.20%
- 1M
- 2.69%
- 6M
- 6.59%
- YTD
- 8.02%
- 1Y
- 18.55%
- 3Y*
- 8.43%
- 5Y*
- -0.30%
- 10Y*
- 2.70%
MFM
- 1D
- 0.18%
- 1M
- 1.72%
- 6M
- 5.13%
- YTD
- 5.32%
- 1Y
- 15.92%
- 3Y*
- 7.56%
- 5Y*
- -0.63%
- 10Y*
- 2.10%
VKQ vs. MFM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VKQ Invesco Municipal Trust | 8.02% | 6.47% | 9.70% | 0.87% | -22.25% | 9.82% | 8.91% | 16.66% | -5.65% | 7.97% |
MFM MFS Municipal Income Trust | 5.32% | 6.95% | 8.35% | 4.11% | -22.63% | 9.45% | -0.87% | 20.83% | -5.56% | 9.45% |
Correlation
The correlation between VKQ and MFM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 1991 | 0.30 |
Over the past year, VKQ and MFM have become more correlated (0.51) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
VKQ:
$555.02M
MFM:
$228.18M
VKQ:
$0.67
MFM:
$0.61
VKQ:
15.00
MFM:
9.13
VKQ:
0.14
MFM:
0.01
VKQ:
7.96
MFM:
7.59
VKQ:
0.97
MFM:
0.93
VKQ:
$69.70M
MFM:
$30.08M
VKQ:
$51.12M
MFM:
$26.58M
VKQ:
$49.70M
MFM:
$23.32M
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Return for Risk
VKQ vs. MFM — Risk / Return Rank
VKQ
MFM
VKQ vs. MFM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Trust (VKQ) and MFS Municipal Income Trust (MFM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VKQ | MFM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 2.58 | +0.87 |
| Martin ratioReturn relative to average drawdown | 13.72 | 8.50 | +5.22 |
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Drawdowns
VKQ vs. MFM - Drawdown Comparison
The maximum VKQ drawdown since its inception was -51.05%, smaller than the maximum MFM drawdown of -54.24%. Use the drawdown chart below to compare losses from any high point for VKQ and MFM.
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Drawdown Indicators
| VKQ | MFM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.05% | -54.24% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -6.21% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -17.01% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -37.29% | -34.39% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -37.29% | -34.39% | -2.90% |
Current DrawdownCurrent decline from peak | -4.42% | -5.23% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -8.94% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.88% | -0.52% |
Volatility
VKQ vs. MFM - Volatility Comparison
The current volatility for Invesco Municipal Trust (VKQ) is 2.21%, while MFS Municipal Income Trust (MFM) has a volatility of 2.62%. This indicates that VKQ experiences smaller price fluctuations and is considered to be less risky than MFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VKQ | MFM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 2.62% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 6.24% | 8.10% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.41% | 10.61% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 14.12% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 14.69% | -1.96% |
Dividends
VKQ vs. MFM - Dividend Comparison
VKQ's dividend yield for the trailing twelve months is around 7.51%, more than MFM's 5.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFM MFS Municipal Income Trust | 5.74% | 5.08% | 4.65% | 4.12% | 4.85% | 4.34% | 4.70% | 4.71% | 5.91% | 5.61% | 5.72% | 5.76% |
VKQ Invesco Municipal Trust | 7.51% | 7.81% | 6.43% | 4.60% | 5.63% | 4.71% | 4.65% | 4.96% | 5.98% | 5.78% | 6.44% | 6.39% |
Financials
VKQ vs. MFM - Financials Comparison
This section allows you to compare key financial metrics between Invesco Municipal Trust and MFS Municipal Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
VKQ and MFM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFM has higher volatility (2.62%) compared to VKQ (2.21%). In terms of maximum drawdown, VKQ dropped -51.05% vs MFM's -54.24%.
VKQ currently has the higher Sharpe Ratio (2.22 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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