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.
Performance
VPV vs. VDE - Performance Comparison
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VPV vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPV Invesco Pennsylvania Value Municipal Income Trust | 3.42% | 9.96% | 9.04% | 6.10% | -26.32% | 14.57% | 1.46% | 19.47% | 1.31% | 5.14% |
VDE Vanguard Energy ETF | 33.23% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Returns By Period
In the year-to-date period, VPV achieves a 3.42% return, which is significantly lower than VDE's 33.23% return. Over the past 10 years, VPV has underperformed VDE with an annualized return of 2.92%, while VDE has yielded a comparatively higher 10.83% annualized return.
VPV
- 1D
- 0.47%
- 1M
- -1.33%
- YTD
- 3.42%
- 6M
- 6.53%
- 1Y
- 11.75%
- 3Y*
- 8.32%
- 5Y*
- 1.41%
- 10Y*
- 2.92%
VDE
- 1D
- -3.61%
- 1M
- 4.27%
- YTD
- 33.23%
- 6M
- 34.21%
- 1Y
- 31.84%
- 3Y*
- 17.03%
- 5Y*
- 23.32%
- 10Y*
- 10.83%
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Return for Risk
VPV vs. VDE — Risk / Return Rank
VPV
VDE
VPV vs. VDE - Risk-Adjusted Trends 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.
| VPV | VDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.27 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.67 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.72 | +0.04 |
Martin ratioReturn relative to average drawdown | 5.22 | 4.92 | +0.30 |
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 | VDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.27 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.88 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.36 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.28 | +0.08 |
Correlation
The correlation between VPV and VDE is 0.06, 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. VDE - Dividend Comparison
VPV's dividend yield for the trailing twelve months is around 7.54%, more than VDE's 2.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPV Invesco Pennsylvania Value Municipal Income Trust | 7.54% | 7.65% | 6.07% | 3.81% | 5.48% | 4.29% | 4.61% | 4.85% | 5.94% | 5.15% | 6.00% | 6.09% |
VDE Vanguard Energy ETF | 2.36% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
VPV vs. VDE - Drawdown Comparison
The maximum VPV drawdown since its inception was -45.21%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for VPV and VDE.
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Drawdown Indicators
| VPV | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.21% | -74.20% | +28.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -18.91% | +11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -33.08% | -26.58% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -33.08% | -69.29% | +36.21% |
Current DrawdownCurrent decline from peak | -3.84% | -5.74% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -20.06% | +11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 6.61% | -4.19% |
Volatility
VPV vs. VDE - Volatility Comparison
The current volatility for Invesco Pennsylvania Value Municipal Income Trust (VPV) is 4.78%, while Vanguard Energy ETF (VDE) has a volatility of 6.29%. 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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Volatility by Period
| VPV | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 6.29% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 14.31% | -7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 25.19% | -15.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.10% | 26.53% | -16.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 29.88% | -17.95% |