VMO vs. FXAIX
Compare and contrast key facts about Invesco Municipal Opportunity Trust (VMO) and Fidelity 500 Index Fund (FXAIX).
FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMO or FXAIX.
Correlation
The correlation between VMO and FXAIX is 0.14, 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.
Performance
VMO vs. FXAIX - Performance Comparison
Key characteristics
VMO:
0.75
FXAIX:
2.20
VMO:
1.14
FXAIX:
2.93
VMO:
1.14
FXAIX:
1.41
VMO:
0.29
FXAIX:
3.26
VMO:
3.55
FXAIX:
14.39
VMO:
2.10%
FXAIX:
1.91%
VMO:
9.97%
FXAIX:
12.50%
VMO:
-50.09%
FXAIX:
-33.79%
VMO:
-18.82%
FXAIX:
-2.91%
Returns By Period
In the year-to-date period, VMO achieves a 6.02% return, which is significantly lower than FXAIX's 25.57% return. Over the past 10 years, VMO has underperformed FXAIX with an annualized return of 2.70%, while FXAIX has yielded a comparatively higher 12.86% annualized return.
VMO
6.02%
-2.42%
-0.75%
7.47%
0.03%
2.70%
FXAIX
25.57%
0.00%
8.86%
26.21%
14.72%
12.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
VMO vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Opportunity Trust (VMO) and Fidelity 500 Index Fund (FXAIX). 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
VMO vs. FXAIX - Dividend Comparison
VMO's dividend yield for the trailing twelve months is around 6.60%, more than FXAIX's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 6.60% | 4.48% | 5.70% | 4.64% | 4.66% | 4.94% | 5.90% | 5.98% | 6.72% | 6.32% | 6.12% | 7.43% |
FXAIX Fidelity 500 Index Fund | 0.88% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
VMO vs. FXAIX - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.09%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for VMO and FXAIX. For additional features, visit the drawdowns tool.
Volatility
VMO vs. FXAIX - Volatility Comparison
The current volatility for Invesco Municipal Opportunity Trust (VMO) is 3.27%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.70%. This indicates that VMO experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.