VKQ vs. MUB
Compare and contrast key facts about Invesco Municipal Trust (VKQ) and iShares National AMT-Free Muni Bond ETF (MUB).
MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VKQ or MUB.
Key characteristics
| VKQ | MUB | |
|---|---|---|
| YTD Return | 11.54% | 1.61% |
| 1Y Return | 22.98% | 7.20% |
| 3Y Return (Ann) | -4.08% | -0.14% |
| 5Y Return (Ann) | 1.17% | 1.29% |
| 10Y Return (Ann) | 3.31% | 2.19% |
| Sharpe Ratio | 2.22 | 1.68 |
| Sortino Ratio | 3.42 | 2.46 |
| Omega Ratio | 1.44 | 1.33 |
| Calmar Ratio | 0.70 | 0.86 |
| Martin Ratio | 12.85 | 7.31 |
| Ulcer Index | 1.71% | 0.92% |
| Daily Std Dev | 9.91% | 4.01% |
| Max Drawdown | -51.05% | -13.68% |
| Current Drawdown | -15.50% | -1.17% |
Correlation
The correlation between VKQ and MUB is 0.33, 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
VKQ vs. MUB - Performance Comparison
In the year-to-date period, VKQ achieves a 11.54% return, which is significantly higher than MUB's 1.61% return. Over the past 10 years, VKQ has outperformed MUB with an annualized return of 3.31%, while MUB has yielded a comparatively lower 2.19% annualized 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. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Trust (VKQ) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
VKQ's dividend yield for the trailing twelve months is around 5.70%, more than MUB's 2.95% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
VKQ vs. MUB - Drawdown Comparison
The maximum VKQ drawdown since its inception was -51.05%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for VKQ and MUB. For additional features, visit the drawdowns tool.
Volatility
VKQ vs. MUB - Volatility Comparison
Invesco Municipal Trust (VKQ) has a higher volatility of 2.42% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.96%. This indicates that VKQ's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.