Correlation
The correlation between VPV and VLT is 0.09, 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. VLT
Compare and contrast key facts about Invesco Pennsylvania Value Municipal Income Trust (VPV) and Invesco High Income Trust II (VLT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VPV or VLT.
Performance
VPV vs. VLT - Performance Comparison
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Key characteristics
VPV:
0.29
VLT:
1.07
VPV:
0.61
VLT:
1.48
VPV:
1.09
VLT:
1.26
VPV:
0.23
VLT:
1.01
VPV:
0.69
VLT:
4.38
VPV:
6.00%
VLT:
3.11%
VPV:
9.89%
VLT:
11.83%
VPV:
-45.33%
VLT:
-69.52%
VPV:
-15.33%
VLT:
-1.79%
Fundamentals
VPV:
$178.01M
VLT:
$69.14M
VPV:
$0.57
VLT:
$1.14
VPV:
17.35
VLT:
9.33
VPV:
0.00
VLT:
0.00
VPV:
10.31
VLT:
8.86
VPV:
0.85
VLT:
0.93
VPV:
$19.44M
VLT:
$9.58M
VPV:
$13.32M
VLT:
$7.72M
VPV:
$12.84M
VLT:
$7.36M
Returns By Period
In the year-to-date period, VPV achieves a -0.66% return, which is significantly lower than VLT's 1.55% return. Over the past 10 years, VPV has underperformed VLT with an annualized return of 2.97%, while VLT has yielded a comparatively higher 5.86% annualized return.
VPV
-0.66%
-0.14%
-8.82%
2.83%
1.61%
1.34%
2.97%
VLT
1.55%
2.64%
-1.19%
12.54%
8.73%
7.65%
5.86%
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Risk-Adjusted Performance
VPV vs. VLT — Risk-Adjusted Performance Rank
VPV
VLT
VPV vs. VLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Pennsylvania Value Municipal Income Trust (VPV) and Invesco High Income Trust II (VLT). 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. VLT - Dividend Comparison
VPV's dividend yield for the trailing twelve months is around 8.09%, less than VLT's 10.83% 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% |
VLT Invesco High Income Trust II | 10.83% | 10.51% | 11.09% | 11.23% | 8.02% | 8.48% | 8.07% | 8.43% | 7.00% | 8.08% | 9.74% | 8.69% |
Drawdowns
VPV vs. VLT - Drawdown Comparison
The maximum VPV drawdown since its inception was -45.33%, smaller than the maximum VLT drawdown of -69.52%. Use the drawdown chart below to compare losses from any high point for VPV and VLT.
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Volatility
VPV vs. VLT - Volatility Comparison
Invesco Pennsylvania Value Municipal Income Trust (VPV) has a higher volatility of 2.50% compared to Invesco High Income Trust II (VLT) at 2.11%. This indicates that VPV's price experiences larger fluctuations and is considered to be riskier than VLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
VPV vs. VLT - Financials Comparison
This section allows you to compare key financial metrics between Invesco Pennsylvania Value Municipal Income Trust and Invesco High Income Trust II. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
VPV vs. VLT - Profitability Comparison
VPV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Invesco Pennsylvania Value Municipal Income Trust reported a gross profit of 8.91M and revenue of 10.24M. Therefore, the gross margin over that period was 87.0%.
VLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Invesco High Income Trust II reported a gross profit of 4.54M and revenue of 5.89M. Therefore, the gross margin over that period was 77.1%.
VPV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Invesco Pennsylvania Value Municipal Income Trust reported an operating income of 982.55K and revenue of 10.24M, resulting in an operating margin of 9.6%.
VLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Invesco High Income Trust II reported an operating income of 4.05M and revenue of 5.89M, resulting in an operating margin of 68.8%.
VPV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Invesco Pennsylvania Value Municipal Income Trust reported a net income of 4.51M and revenue of 10.24M, resulting in a net margin of 44.0%.
VLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Invesco High Income Trust II reported a net income of 2.56M and revenue of 5.89M, resulting in a net margin of 43.4%.