VPV vs. RSP
Compare and contrast key facts about Invesco Pennsylvania Value Municipal Income Trust (VPV) and Invesco S&P 500 Equal Weight ETF (RSP).
RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003.
Performance
VPV vs. RSP - Performance Comparison
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VPV vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPV Invesco Pennsylvania Value Municipal Income Trust | 2.93% | 9.96% | 9.04% | 6.10% | -26.32% | 14.57% | 1.46% | 19.47% | 1.31% | 5.14% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, VPV achieves a 2.93% return, which is significantly higher than RSP's 0.62% return. Over the past 10 years, VPV has underperformed RSP with an annualized return of 2.88%, while RSP has yielded a comparatively higher 11.17% annualized return.
VPV
- 1D
- 2.82%
- 1M
- -1.34%
- YTD
- 2.93%
- 6M
- 6.23%
- 1Y
- 12.10%
- 3Y*
- 8.15%
- 5Y*
- 1.31%
- 10Y*
- 2.88%
RSP
- 1D
- 2.05%
- 1M
- -5.97%
- YTD
- 0.62%
- 6M
- 2.01%
- 1Y
- 12.65%
- 3Y*
- 11.72%
- 5Y*
- 7.81%
- 10Y*
- 11.17%
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Return for Risk
VPV vs. RSP — Risk / Return Rank
VPV
RSP
VPV vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Pennsylvania Value Municipal Income Trust (VPV) and Invesco S&P 500 Equal Weight ETF (RSP). 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.
| VPV | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.74 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.15 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.08 | +0.61 |
Martin ratioReturn relative to average drawdown | 5.07 | 4.89 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VPV | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.74 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.48 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.61 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.55 | -0.19 |
Correlation
The correlation between VPV and RSP is 0.12, 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.
Dividends
VPV vs. RSP - Dividend Comparison
VPV's dividend yield for the trailing twelve months is around 7.57%, more than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPV Invesco Pennsylvania Value Municipal Income Trust | 7.57% | 7.65% | 6.07% | 3.81% | 5.48% | 4.29% | 4.61% | 4.85% | 5.94% | 5.15% | 6.00% | 6.09% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
VPV vs. RSP - Drawdown Comparison
The maximum VPV drawdown since its inception was -45.21%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for VPV and RSP.
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Drawdown Indicators
| VPV | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.21% | -59.92% | +14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -12.54% | +5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.08% | -21.38% | -11.70% |
Max Drawdown (10Y)Largest decline over 10 years | -33.08% | -39.04% | +5.96% |
Current DrawdownCurrent decline from peak | -4.29% | -5.97% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -6.69% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.78% | -0.37% |
Volatility
VPV vs. RSP - Volatility Comparison
Invesco Pennsylvania Value Municipal Income Trust (VPV) has a higher volatility of 4.80% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 4.47%. This indicates that VPV's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPV | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 4.47% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.10% | 8.83% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 17.17% | -7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.09% | 16.20% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 18.36% | -6.43% |