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.
Key characteristics
VMO | SPHQ | |
---|---|---|
YTD Return | 11.82% | 25.26% |
1Y Return | 24.11% | 33.49% |
3Y Return (Ann) | -4.88% | 12.95% |
5Y Return (Ann) | 1.26% | 16.77% |
10Y Return (Ann) | 3.67% | 13.89% |
Sharpe Ratio | 2.15 | 2.57 |
Daily Std Dev | 11.46% | 12.46% |
Max Drawdown | -50.11% | -57.83% |
Current Drawdown | -14.40% | 0.00% |
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
In the year-to-date period, VMO achieves a 11.82% return, which is significantly lower than SPHQ's 25.26% return. Over the past 10 years, VMO has underperformed SPHQ with an annualized return of 3.67%, while SPHQ has yielded a comparatively higher 13.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 5.25%, more than SPHQ's 0.87% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Invesco Municipal Opportunity Trust | 5.25% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.94% | 5.98% | 6.73% | 6.33% | 6.12% | 7.43% |
Invesco S&P 500® Quality ETF | 0.87% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% | 1.66% | 1.99% |
Drawdowns
VMO vs. SPHQ - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.11%, 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 1.65%, while Invesco S&P 500® Quality ETF (SPHQ) has a volatility of 3.69%. 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.