VMO vs. AVUV
VMO (Invesco Municipal Opportunity Trust) is a stock, while AVUV (Avantis US Small Cap Value ETF) is Small Cap Value Equities fund actively managed by Avantis. Over the past 5 years, VMO returned -0.67%/yr vs 11.57%/yr for AVUV. At a 0.22 correlation, their price movements are largely independent.
Performance
VMO vs. AVUV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VMO achieves a 5.19% return, which is significantly lower than AVUV's 22.73% return.
VMO
- 1D
- 0.00%
- 1M
- 0.72%
- YTD
- 5.19%
- 6M
- 5.33%
- 1Y
- 16.40%
- 3Y*
- 8.21%
- 5Y*
- -0.67%
- 10Y*
- 1.72%
AVUV
- 1D
- 0.96%
- 1M
- 5.11%
- YTD
- 22.73%
- 6M
- 19.51%
- 1Y
- 42.12%
- 3Y*
- 19.24%
- 5Y*
- 11.57%
- 10Y*
- —
VMO vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 5.19% | 6.57% | 7.73% | 1.54% | -24.29% | 12.95% | 8.89% | 0.40% |
AVUV Avantis US Small Cap Value ETF | 22.73% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between VMO and AVUV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.22 |
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
VMO vs. AVUV — Risk / Return Rank
VMO
AVUV
VMO vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Opportunity Trust (VMO) and Avantis US Small Cap Value ETF (AVUV). 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.
| VMO | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 5.06 | -2.66 |
| Martin ratioReturn relative to average drawdown | 9.21 | 15.09 | -5.88 |
Loading charts...
Drawdowns
VMO vs. AVUV - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.11%, roughly equal to the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for VMO and AVUV.
Loading charts...
Drawdown Indicators
| VMO | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -49.42% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -7.95% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -28.79% | +12.28% |
Max Drawdown (5Y)Largest decline over 5 years | -37.70% | -28.79% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -37.70% | — | — |
Current DrawdownCurrent decline from peak | -7.55% | 0.00% | -7.55% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -7.91% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.67% | -0.95% |
Volatility
VMO vs. AVUV - Volatility Comparison
The current volatility for Invesco Municipal Opportunity Trust (VMO) is 3.28%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.53%. This indicates that VMO experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VMO | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.53% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 11.34% | -4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 17.63% | -8.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 22.75% | -11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.67% | 28.26% | -15.59% |
Dividends
VMO vs. AVUV - Dividend Comparison
VMO's dividend yield for the trailing twelve months is around 7.69%, more than AVUV's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.61% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% |
VMO Invesco Municipal Opportunity Trust | 7.69% | 7.84% | 6.44% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.95% | 5.98% | 6.73% | 6.33% |
Frequently Asked Questions
VMO and AVUV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVUV has higher volatility (4.53%) compared to VMO (3.28%). In terms of maximum drawdown, VMO dropped -50.11% vs AVUV's -49.42%.
AVUV currently has the higher Sharpe Ratio (2.28 vs 1.79), 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 VMO and AVUV
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