VMO vs. IIM
Compare and contrast key facts about Invesco Municipal Opportunity Trust (VMO) and Invesco Value Municipal Income Trust (IIM).
Performance
VMO vs. IIM - Performance Comparison
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VMO vs. IIM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 1.72% | 6.57% | 7.73% | 1.54% | -24.29% | 12.95% | 8.89% | 16.23% | -4.54% | 3.05% |
IIM Invesco Value Municipal Income Trust | 0.44% | 11.88% | 8.04% | 2.05% | -25.41% | 14.13% | 7.07% | 18.79% | -4.40% | 7.05% |
Fundamentals
VMO:
$644.06M
IIM:
$571.88M
VMO:
$0.38
IIM:
$0.59
VMO:
25.11
IIM:
20.45
VMO:
0.14
IIM:
0.08
VMO:
7.68
IIM:
7.87
VMO:
0.99
IIM:
1.01
VMO:
$83.83M
IIM:
$72.68M
VMO:
$44.71M
IIM:
$38.44M
VMO:
$11.08M
IIM:
-$3.97M
Returns By Period
In the year-to-date period, VMO achieves a 1.72% return, which is significantly higher than IIM's 0.44% return. Over the past 10 years, VMO has underperformed IIM with an annualized return of 1.84%, while IIM has yielded a comparatively higher 1.99% annualized return.
VMO
- 1D
- 0.42%
- 1M
- -3.79%
- YTD
- 1.72%
- 6M
- 2.53%
- 1Y
- 8.33%
- 3Y*
- 5.79%
- 5Y*
- -0.59%
- 10Y*
- 1.84%
IIM
- 1D
- -0.08%
- 1M
- -6.97%
- YTD
- 0.44%
- 6M
- -1.06%
- 1Y
- 8.97%
- 3Y*
- 6.54%
- 5Y*
- 0.65%
- 10Y*
- 1.99%
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Return for Risk
VMO vs. IIM — Risk / Return Rank
VMO
IIM
VMO vs. IIM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Opportunity Trust (VMO) and Invesco Value Municipal Income Trust (IIM). 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.
| VMO | IIM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.79 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.16 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.04 | +0.32 |
Martin ratioReturn relative to average drawdown | 4.14 | 3.92 | +0.22 |
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
| VMO | IIM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.79 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.05 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.16 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.41 | -0.15 |
Correlation
The correlation between VMO and IIM is 0.39, 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
VMO vs. IIM - Dividend Comparison
VMO's dividend yield for the trailing twelve months is around 7.85%, more than IIM's 7.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 7.85% | 7.84% | 6.44% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.95% | 5.98% | 6.73% | 6.33% |
IIM Invesco Value Municipal Income Trust | 7.61% | 7.51% | 6.58% | 4.72% | 5.87% | 4.51% | 4.48% | 4.61% | 5.43% | 4.99% | 5.52% | 5.20% |
Drawdowns
VMO vs. IIM - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.11%, which is greater than IIM's maximum drawdown of -40.17%. Use the drawdown chart below to compare losses from any high point for VMO and IIM.
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Drawdown Indicators
| VMO | IIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.11% | -40.17% | -9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -9.19% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -37.70% | -35.75% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -37.70% | -35.75% | -1.95% |
Current DrawdownCurrent decline from peak | -10.60% | -7.59% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -7.37% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.43% | -0.28% |
Volatility
VMO vs. IIM - Volatility Comparison
The current volatility for Invesco Municipal Opportunity Trust (VMO) is 4.02%, while Invesco Value Municipal Income Trust (IIM) has a volatility of 5.43%. This indicates that VMO experiences smaller price fluctuations and is considered to be less risky than IIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMO | IIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 5.43% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 8.43% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 11.34% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 12.31% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.65% | 12.79% | -0.14% |
Financials
VMO vs. IIM - Financials Comparison
This section allows you to compare key financial metrics between Invesco Municipal Opportunity Trust and Invesco Value Municipal 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