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:
0.83
VOO:
2.04
VMO:
1.27
VOO:
2.72
VMO:
1.16
VOO:
1.38
VMO:
0.32
VOO:
3.02
VMO:
4.06
VOO:
13.60
VMO:
2.04%
VOO:
1.88%
VMO:
9.92%
VOO:
12.52%
VMO:
-50.09%
VOO:
-33.99%
VMO:
-18.31%
VOO:
-3.52%
Returns By Period
In the year-to-date period, VMO achieves a 6.68% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, VMO has underperformed VOO with an annualized return of 2.76%, while VOO has yielded a comparatively higher 13.02% annualized return.
VMO
6.68%
-2.11%
-0.22%
7.58%
0.15%
2.76%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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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 6.56%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMO Invesco Municipal Opportunity Trust | 6.56% | 4.48% | 5.70% | 4.64% | 4.66% | 4.94% | 5.90% | 5.98% | 6.72% | 6.32% | 6.12% | 7.43% |
VOO Vanguard S&P 500 ETF | 0.92% | 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 -50.09%, 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 3.04%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.58%. 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.