Correlation
The correlation between VPV and VDE 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.
VPV vs. VDE
Compare and contrast key facts about Invesco Pennsylvania Value Municipal Income Trust (VPV) and Vanguard Energy ETF (VDE).
VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPV or VDE.
Performance
VPV vs. VDE - Performance Comparison
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Key characteristics
VPV:
0.29
VDE:
-0.34
VPV:
0.61
VDE:
-0.15
VPV:
1.09
VDE:
0.98
VPV:
0.23
VDE:
-0.29
VPV:
0.69
VDE:
-0.73
VPV:
6.00%
VDE:
8.34%
VPV:
9.89%
VDE:
25.41%
VPV:
-45.33%
VDE:
-74.16%
VPV:
-15.33%
VDE:
-14.17%
Returns By Period
In the year-to-date period, VPV achieves a -0.66% return, which is significantly higher than VDE's -3.99% return. Over the past 10 years, VPV has underperformed VDE with an annualized return of 2.97%, while VDE has yielded a comparatively higher 4.15% annualized return.
VPV
-0.66%
-0.14%
-8.82%
2.83%
1.61%
1.34%
2.97%
VDE
-3.99%
1.07%
-11.66%
-8.61%
0.99%
20.43%
4.15%
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Risk-Adjusted Performance
VPV vs. VDE — Risk-Adjusted Performance Rank
VPV
VDE
VPV vs. VDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Pennsylvania Value Municipal Income Trust (VPV) and Vanguard Energy ETF (VDE). 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.
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Dividends
VPV vs. VDE - Dividend Comparison
VPV's dividend yield for the trailing twelve months is around 8.09%, more than VDE's 3.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPV Invesco Pennsylvania Value Municipal Income Trust | 8.09% | 6.07% | 3.81% | 5.48% | 4.29% | 4.61% | 4.85% | 5.94% | 5.15% | 6.00% | 6.09% | 6.48% |
VDE Vanguard Energy ETF | 3.39% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% |
Drawdowns
VPV vs. VDE - Drawdown Comparison
The maximum VPV drawdown since its inception was -45.33%, smaller than the maximum VDE drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for VPV and VDE.
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Volatility
VPV vs. VDE - Volatility Comparison
The current volatility for Invesco Pennsylvania Value Municipal Income Trust (VPV) is 2.50%, while Vanguard Energy ETF (VDE) has a volatility of 5.46%. This indicates that VPV experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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