VMO vs. VOO
Compare and contrast key facts about Invesco Municipal Opportunity Trust (VMO) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMO or VOO.
Key characteristics
VMO | VOO | |
---|---|---|
YTD Return | 11.49% | 18.91% |
1Y Return | 24.31% | 28.20% |
3Y Return (Ann) | -5.12% | 9.93% |
5Y Return (Ann) | 1.20% | 15.31% |
10Y Return (Ann) | 3.59% | 12.87% |
Sharpe Ratio | 2.11 | 2.21 |
Daily Std Dev | 11.46% | 12.64% |
Max Drawdown | -50.11% | -33.99% |
Current Drawdown | -14.65% | -0.60% |
Correlation
The correlation between VMO and VOO is 0.13, 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. VOO - Performance Comparison
In the year-to-date period, VMO achieves a 11.49% return, which is significantly lower than VOO's 18.91% return. Over the past 10 years, VMO has underperformed VOO with an annualized return of 3.59%, while VOO has yielded a comparatively higher 12.87% 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. VOO - 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 ETF (VOO). 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. VOO - Dividend Comparison
VMO's dividend yield for the trailing twelve months is around 5.27%, more than VOO's 1.28% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VMO vs. VOO - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMO and VOO. For additional features, visit the drawdowns tool.
Volatility
VMO vs. VOO - Volatility Comparison
The current volatility for Invesco Municipal Opportunity Trust (VMO) is 1.64%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.83%. This indicates that VMO experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.