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.
Performance
VKQ vs. MUB - Performance Comparison
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VKQ vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VKQ Invesco Municipal Trust | 1.52% | 6.47% | 9.70% | 0.87% | -22.25% | 9.82% | 8.91% | 16.66% | -5.65% | 7.97% |
MUB iShares National AMT-Free Muni Bond ETF | 0.04% | 3.78% | 1.26% | 5.56% | -7.34% | 1.02% | 5.12% | 7.06% | 0.93% | 4.72% |
Returns By Period
In the year-to-date period, VKQ achieves a 1.52% return, which is significantly higher than MUB's 0.04% return. Over the past 10 years, VKQ has outperformed MUB with an annualized return of 2.42%, while MUB has yielded a comparatively lower 2.00% annualized return.
VKQ
- 1D
- 0.95%
- 1M
- -2.98%
- YTD
- 1.52%
- 6M
- 3.19%
- 1Y
- 6.59%
- 3Y*
- 5.66%
- 5Y*
- -0.38%
- 10Y*
- 2.42%
MUB
- 1D
- 0.42%
- 1M
- -1.55%
- YTD
- 0.04%
- 6M
- 1.52%
- 1Y
- 4.03%
- 3Y*
- 2.67%
- 5Y*
- 0.88%
- 10Y*
- 2.00%
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Return for Risk
VKQ vs. MUB — Risk / Return Rank
VKQ
MUB
VKQ vs. MUB - Risk-Adjusted Trends 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.
| VKQ | MUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.98 | -0.32 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.27 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.33 | -0.21 |
Martin ratioReturn relative to average drawdown | 2.61 | 4.22 | -1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VKQ | MUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.98 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.22 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.41 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.58 | -0.33 |
Correlation
The correlation between VKQ and MUB is 0.34, 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.
Dividends
VKQ vs. MUB - Dividend Comparison
VKQ's dividend yield for the trailing twelve months is around 7.84%, more than MUB's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKQ Invesco Municipal Trust | 7.84% | 7.81% | 6.43% | 4.60% | 5.63% | 4.71% | 4.65% | 4.96% | 5.98% | 5.78% | 6.44% | 6.39% |
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
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.
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Drawdown Indicators
| VKQ | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.05% | -13.68% | -37.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -3.30% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.29% | -11.88% | -25.41% |
Max Drawdown (10Y)Largest decline over 10 years | -37.29% | -13.68% | -23.61% |
Current DrawdownCurrent decline from peak | -10.17% | -1.87% | -8.30% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -2.24% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 1.04% | +1.95% |
Volatility
VKQ vs. MUB - Volatility Comparison
Invesco Municipal Trust (VKQ) has a higher volatility of 3.53% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.56%. 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.
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Volatility by Period
| VKQ | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 1.56% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 2.07% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.17% | 4.15% | +6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.60% | 4.04% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 4.91% | +7.84% |