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:
0.75
SPHQ:
2.26
VMO:
1.14
SPHQ:
3.10
VMO:
1.14
SPHQ:
1.41
VMO:
0.29
SPHQ:
4.49
VMO:
3.55
SPHQ:
16.80
VMO:
2.10%
SPHQ:
1.65%
VMO:
9.97%
SPHQ:
12.25%
VMO:
-50.09%
SPHQ:
-57.83%
VMO:
-18.82%
SPHQ:
-3.14%
Returns By Period
In the year-to-date period, VMO achieves a 6.02% return, which is significantly lower than SPHQ's 26.15% return. Over the past 10 years, VMO has underperformed SPHQ with an annualized return of 2.70%, while SPHQ has yielded a comparatively higher 13.04% annualized return.
VMO
6.02%
-2.42%
-0.75%
7.47%
0.03%
2.70%
SPHQ
26.15%
0.60%
4.72%
27.66%
14.87%
13.04%
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Risk-Adjusted Performance
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 6.60%, more than SPHQ's 0.86% 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% |
SPHQ Invesco S&P 500® Quality ETF | 0.86% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
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 3.27%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 3.91%. 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.