VMO vs. SPHQ
Compare and contrast key facts about Invesco Municipal Opportunity Trust (VMO) and Invesco S&P 500® Quality ETF (SPHQ).
SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMO or SPHQ.
Correlation
The correlation between VMO and SPHQ is 0.15, 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. SPHQ - Performance Comparison
Key characteristics
VMO:
0.67
SPHQ:
0.50
VMO:
1.06
SPHQ:
0.81
VMO:
1.13
SPHQ:
1.11
VMO:
0.29
SPHQ:
0.51
VMO:
2.53
SPHQ:
2.39
VMO:
2.90%
SPHQ:
3.54%
VMO:
10.95%
SPHQ:
17.10%
VMO:
-50.09%
SPHQ:
-57.83%
VMO:
-19.28%
SPHQ:
-11.27%
Returns By Period
In the year-to-date period, VMO achieves a -2.20% return, which is significantly higher than SPHQ's -5.73% return. Over the past 10 years, VMO has underperformed SPHQ with an annualized return of 2.23%, while SPHQ has yielded a comparatively higher 12.19% annualized return.
VMO
-2.20%
-2.07%
-4.77%
7.58%
1.08%
2.23%
SPHQ
-5.73%
-5.22%
-6.90%
11.16%
15.78%
12.19%
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Risk-Adjusted Performance
VMO vs. SPHQ — Risk-Adjusted Performance Rank
VMO
SPHQ
VMO vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Opportunity Trust (VMO) and Invesco S&P 500® Quality ETF (SPHQ). 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. SPHQ - Dividend Comparison
VMO's dividend yield for the trailing twelve months is around 7.90%, more than SPHQ's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 7.90% | 6.49% | 4.48% | 5.70% | 4.64% | 4.66% | 4.94% | 5.90% | 5.98% | 6.72% | 6.32% | 6.12% |
SPHQ Invesco S&P 500® Quality ETF | 1.22% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% | 1.66% |
Drawdowns
VMO vs. SPHQ - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.09%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for VMO and SPHQ. For additional features, visit the drawdowns tool.
Volatility
VMO vs. SPHQ - Volatility Comparison
The current volatility for Invesco Municipal Opportunity Trust (VMO) is 5.96%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 11.96%. This indicates that VMO experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.