VLT vs. VVR
VLT (Invesco High Income Trust II) and VVR (Invesco Senior Income Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, VLT returned 6.50%/yr vs 6.00%/yr for VVR. At a 0.23 correlation, their price movements are largely independent.
Performance
VLT vs. VVR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VLT achieves a -2.76% return, which is significantly lower than VVR's -2.54% return. Over the past 10 years, VLT has outperformed VVR with an annualized return of 6.50%, while VVR has yielded a comparatively lower 6.00% annualized return.
VLT
- 1D
- -0.58%
- 1M
- -0.47%
- YTD
- -2.76%
- 6M
- -1.53%
- 1Y
- 6.82%
- 3Y*
- 11.06%
- 5Y*
- 3.17%
- 10Y*
- 6.50%
VVR
- 1D
- 0.00%
- 1M
- 1.66%
- YTD
- -2.54%
- 6M
- -1.64%
- 1Y
- -5.70%
- 3Y*
- 4.95%
- 5Y*
- 4.11%
- 10Y*
- 6.00%
VLT vs. VVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | -2.76% | 13.22% | 17.38% | 13.12% | -20.82% | 14.53% | 4.46% | 23.60% | -7.97% | 10.68% |
VVR Invesco Senior Income Trust | -2.54% | -6.18% | 8.97% | 20.86% | -1.11% | 17.00% | -0.22% | 16.97% | -5.36% | 0.19% |
Correlation
The correlation between VLT and VVR is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1998 | 0.23 |
The correlation between VLT and VVR shifts across timeframes, from 0.23 (all time) to 0.36 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
VLT:
$67.13M
VVR:
$458.70M
VLT:
$1.84
VVR:
$0.35
VLT:
5.59
VVR:
8.53
VLT:
0.02
VVR:
0.00
VLT:
4.05
VVR:
4.71
VLT:
0.93
VVR:
0.86
VLT:
$16.55M
VVR:
$97.40M
VLT:
$13.85M
VVR:
$66.80M
VLT:
$16.82M
VVR:
$71.31M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VLT vs. VVR — Risk / Return Rank
VLT
VVR
VLT vs. VVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR). 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.
| VLT | VVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.45 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.24 | -0.68 | +2.92 |
Loading charts...
Drawdowns
VLT vs. VVR - Drawdown Comparison
The maximum VLT drawdown since its inception was -75.78%, roughly equal to the maximum VVR drawdown of -73.79%. Use the drawdown chart below to compare losses from any high point for VLT and VVR.
Loading charts...
Drawdown Indicators
| VLT | VVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.78% | -73.79% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -12.65% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -19.50% | +6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -19.50% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -55.92% | +13.90% |
Current DrawdownCurrent decline from peak | -3.96% | -14.58% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -10.91% | -6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 8.40% | -5.35% |
Volatility
VLT vs. VVR - Volatility Comparison
The current volatility for Invesco High Income Trust II (VLT) is 1.98%, while Invesco Senior Income Trust (VVR) has a volatility of 4.02%. This indicates that VLT experiences smaller price fluctuations and is considered to be less risky than VVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VLT | VVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 4.02% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 11.86% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.15% | 14.78% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 16.05% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 23.59% | -9.65% |
Dividends
VLT vs. VVR - Dividend Comparison
VLT's dividend yield for the trailing twelve months is around 10.89%, less than VVR's 14.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | 10.89% | 10.27% | 10.55% | 11.13% | 11.27% | 8.06% | 8.51% | 8.10% | 8.44% | 7.00% | 8.06% | 9.71% |
VVR Invesco Senior Income Trust | 14.70% | 13.94% | 13.06% | 11.54% | 11.46% | 7.22% | 6.71% | 6.22% | 6.68% | 5.95% | 6.41% | 7.97% |
Financials
VLT vs. VVR - Financials Comparison
This section allows you to compare key financial metrics between Invesco High Income Trust II and Invesco Senior 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
VLT vs. VVR - Profitability Comparison
VLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Invesco High Income Trust II reported a gross profit of 3.93M and revenue of 4.35M. Therefore, the gross margin over that period was 90.4%.
VVR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Invesco Senior Income Trust reported a gross profit of 19.26M and revenue of 23.90M. Therefore, the gross margin over that period was 80.6%.
VLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Invesco High Income Trust II reported an operating income of 3.15M and revenue of 4.35M, resulting in an operating margin of 72.5%.
VVR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Invesco Senior Income Trust reported an operating income of 4.92M and revenue of 23.90M, resulting in an operating margin of 20.6%.
VLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Invesco High Income Trust II reported a net income of 2.38M and revenue of 4.35M, resulting in a net margin of 54.7%.
VVR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Invesco Senior Income Trust reported a net income of -3.05M and revenue of 23.90M, resulting in a net margin of -12.7%.
Frequently Asked Questions
VLT and VVR have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVR has higher volatility (4.02%) compared to VLT (1.98%). In terms of maximum drawdown, VLT dropped -75.78% vs VVR's -73.79%.
VLT currently has the higher Sharpe Ratio (0.84 vs -0.39), 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.
Find the right allocation for VLT and VVR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer