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.
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
Key characteristics
VMO:
0.96
VOO:
1.76
VMO:
1.45
VOO:
2.37
VMO:
1.18
VOO:
1.32
VMO:
0.37
VOO:
2.66
VMO:
3.69
VOO:
11.10
VMO:
2.53%
VOO:
2.02%
VMO:
9.78%
VOO:
12.79%
VMO:
-50.09%
VOO:
-33.99%
VMO:
-15.45%
VOO:
-2.11%
Returns By Period
The year-to-date returns for both stocks are quite close, with VMO having a 2.44% return and VOO slightly lower at 2.40%. Over the past 10 years, VMO has underperformed VOO with an annualized return of 2.85%, while VOO has yielded a comparatively higher 13.03% annualized return.
VMO
2.44%
1.89%
2.10%
9.36%
-0.20%
2.85%
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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Risk-Adjusted Performance
VMO vs. VOO — Risk-Adjusted Performance Rank
VMO
VOO
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 6.96%, more than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 6.96% | 6.49% | 4.48% | 5.70% | 4.64% | 4.66% | 4.94% | 5.90% | 5.98% | 6.72% | 6.32% | 6.12% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
VMO vs. VOO - Drawdown Comparison
The maximum VMO drawdown since its inception was -50.09%, 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 2.13%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.38%. 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.