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.
Key characteristics
| VPV | VDE | |
|---|---|---|
| YTD Return | 15.67% | 14.77% |
| 1Y Return | 26.87% | 15.18% |
| 3Y Return (Ann) | -2.01% | 21.92% |
| 5Y Return (Ann) | 1.08% | 15.71% |
| 10Y Return (Ann) | 2.96% | 4.31% |
| Sharpe Ratio | 2.87 | 0.89 |
| Sortino Ratio | 4.51 | 1.30 |
| Omega Ratio | 1.66 | 1.16 |
| Calmar Ratio | 0.94 | 1.19 |
| Martin Ratio | 19.96 | 2.89 |
| Ulcer Index | 1.35% | 5.56% |
| Daily Std Dev | 9.36% | 18.12% |
| Max Drawdown | -45.33% | -74.16% |
| Current Drawdown | -9.58% | -2.26% |
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.
Performance
VPV vs. VDE - Performance Comparison
In the year-to-date period, VPV achieves a 15.67% return, which is significantly higher than VDE's 14.77% return. Over the past 10 years, VPV has underperformed VDE with an annualized return of 2.96%, while VDE has yielded a comparatively higher 4.31% 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
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.
Dividends
VPV vs. VDE - Dividend Comparison
VPV's dividend yield for the trailing twelve months is around 4.99%, more than VDE's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPV Invesco Pennsylvania Value Municipal Income Trust | 4.99% | 3.86% | 5.51% | 4.29% | 4.59% | 4.85% | 5.94% | 5.14% | 6.00% | 6.09% | 6.48% | 7.41% |
VDE Vanguard Energy ETF | 3.06% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% | 1.74% |
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. For additional features, visit the drawdowns tool.
Volatility
VPV vs. VDE - Volatility Comparison
The current volatility for Invesco Pennsylvania Value Municipal Income Trust (VPV) is 2.55%, while Vanguard Energy ETF (VDE) has a volatility of 6.10%. 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.