VOHIX vs. VKQ
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Invesco Municipal Trust (VKQ).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOHIX or VKQ.
Key characteristics
| VOHIX | VKQ | |
|---|---|---|
| YTD Return | 2.21% | 11.54% |
| 1Y Return | 10.04% | 22.98% |
| 3Y Return (Ann) | -0.96% | -4.08% |
| 5Y Return (Ann) | 1.07% | 1.17% |
| 10Y Return (Ann) | 2.35% | 3.31% |
| Sharpe Ratio | 2.40 | 2.22 |
| Sortino Ratio | 3.63 | 3.42 |
| Omega Ratio | 1.55 | 1.44 |
| Calmar Ratio | 0.82 | 0.70 |
| Martin Ratio | 10.02 | 12.85 |
| Ulcer Index | 1.01% | 1.71% |
| Daily Std Dev | 4.22% | 9.91% |
| Max Drawdown | -17.45% | -51.05% |
| Current Drawdown | -3.59% | -15.50% |
Correlation
The correlation between VOHIX and VKQ is 0.27, 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
VOHIX vs. VKQ - Performance Comparison
In the year-to-date period, VOHIX achieves a 2.21% return, which is significantly lower than VKQ's 11.54% return. Over the past 10 years, VOHIX has underperformed VKQ with an annualized return of 2.35%, while VKQ has yielded a comparatively higher 3.31% 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
VOHIX vs. VKQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Invesco Municipal Trust (VKQ). 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
VOHIX vs. VKQ - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.29%, less than VKQ's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.29% | 3.06% | 2.74% | 2.42% | 2.66% | 3.00% | 3.28% | 3.19% | 3.30% | 3.38% | 3.51% | 3.85% |
VKQ Invesco Municipal Trust | 5.70% | 4.60% | 5.63% | 4.71% | 4.66% | 4.99% | 5.98% | 5.76% | 6.43% | 6.39% | 6.37% | 7.35% |
Drawdowns
VOHIX vs. VKQ - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -17.45%, smaller than the maximum VKQ drawdown of -51.05%. Use the drawdown chart below to compare losses from any high point for VOHIX and VKQ. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. VKQ - Volatility Comparison
The current volatility for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) is 2.04%, while Invesco Municipal Trust (VKQ) has a volatility of 2.42%. This indicates that VOHIX experiences smaller price fluctuations and is considered to be less risky than VKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.