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.
Performance
VKQ vs. MUB - Performance Comparison
Returns By Period
In the year-to-date period, VKQ achieves a 10.03% return, which is significantly higher than MUB's 1.74% return. Over the past 10 years, VKQ has outperformed MUB with an annualized return of 3.25%, while MUB has yielded a comparatively lower 2.20% annualized return.
VKQ
10.03%
-1.66%
6.39%
16.30%
0.93%
3.25%
MUB
1.74%
-0.05%
2.59%
5.36%
1.19%
2.20%
Key characteristics
| VKQ | MUB | |
|---|---|---|
| Sharpe Ratio | 1.76 | 1.48 |
| Sortino Ratio | 2.68 | 2.12 |
| Omega Ratio | 1.34 | 1.28 |
| Calmar Ratio | 0.60 | 0.94 |
| Martin Ratio | 9.60 | 6.11 |
| Ulcer Index | 1.77% | 0.94% |
| Daily Std Dev | 9.63% | 3.88% |
| Max Drawdown | -51.05% | -13.68% |
| Current Drawdown | -16.65% | -1.04% |
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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.
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 6.10%, more than MUB's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKQ Invesco Municipal Trust | 6.10% | 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 | 2.94% | 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 2.78% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.92%. 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.