VMO vs. VFV.TO
Compare and contrast key facts about Invesco Municipal Opportunity Trust (VMO) and Vanguard S&P 500 Index ETF (VFV.TO).
VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMO or VFV.TO.
Key characteristics
| VMO | VFV.TO | |
|---|---|---|
| YTD Return | 11.49% | 22.00% |
| 1Y Return | 24.31% | 29.53% |
| 3Y Return (Ann) | -5.12% | 12.05% |
| 5Y Return (Ann) | 1.20% | 15.57% |
| 10Y Return (Ann) | 3.59% | 15.03% |
| Sharpe Ratio | 2.11 | 2.59 |
| Daily Std Dev | 11.46% | 11.10% |
| Max Drawdown | -50.11% | -27.43% |
| Current Drawdown | -14.65% | -0.96% |
Correlation
The correlation between VMO and VFV.TO 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. VFV.TO - Performance Comparison
In the year-to-date period, VMO achieves a 11.49% return, which is significantly lower than VFV.TO's 22.00% return. Over the past 10 years, VMO has underperformed VFV.TO with an annualized return of 3.59%, while VFV.TO has yielded a comparatively higher 15.03% 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. VFV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Municipal Opportunity Trust (VMO) and Vanguard S&P 500 Index ETF (VFV.TO). 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. VFV.TO - Dividend Comparison
VMO's dividend yield for the trailing twelve months is around 5.27%, more than VFV.TO's 1.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 5.27% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.94% | 5.98% | 6.73% | 6.33% | 6.12% | 7.43% |
VFV.TO Vanguard S&P 500 Index ETF | 1.04% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% | 1.48% | 1.42% |
Drawdowns
VMO vs. VFV.TO - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.11%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for VMO and VFV.TO. For additional features, visit the drawdowns tool.
Volatility
VMO vs. VFV.TO - Volatility Comparison
The current volatility for Invesco Municipal Opportunity Trust (VMO) is 1.64%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.90%. This indicates that VMO experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.