VKQ vs. VTES
Compare and contrast key facts about Invesco Municipal Trust (VKQ) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES).
VTES is a passively managed fund by Vanguard that tracks the performance of the S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross. It was launched on Mar 8, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VKQ or VTES.
Performance
VKQ vs. VTES - Performance Comparison
Returns By Period
In the year-to-date period, VKQ achieves a 10.03% return, which is significantly higher than VTES's 1.92% return.
VKQ
10.03%
-1.66%
6.39%
16.30%
0.93%
3.25%
VTES
1.92%
-0.02%
2.46%
3.89%
N/A
N/A
Key characteristics
| VKQ | VTES | |
|---|---|---|
| Sharpe Ratio | 1.76 | 2.62 |
| Sortino Ratio | 2.68 | 3.97 |
| Omega Ratio | 1.34 | 1.59 |
| Calmar Ratio | 0.60 | 3.81 |
| Martin Ratio | 9.60 | 10.54 |
| Ulcer Index | 1.77% | 0.37% |
| Daily Std Dev | 9.63% | 1.51% |
| Max Drawdown | -51.05% | -2.42% |
| Current Drawdown | -16.65% | -0.20% |
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Correlation
The correlation between VKQ and VTES is 0.51, 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.
Risk-Adjusted Performance
VKQ vs. VTES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Trust (VKQ) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES). 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. VTES - Dividend Comparison
VKQ's dividend yield for the trailing twelve months is around 6.10%, more than VTES's 2.98% 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% |
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares | 2.98% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VKQ vs. VTES - Drawdown Comparison
The maximum VKQ drawdown since its inception was -51.05%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for VKQ and VTES. For additional features, visit the drawdowns tool.
Volatility
VKQ vs. VTES - Volatility Comparison
Invesco Municipal Trust (VKQ) has a higher volatility of 2.78% compared to Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) at 0.75%. This indicates that VKQ's price experiences larger fluctuations and is considered to be riskier than VTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.