VTN vs. VOO
Compare and contrast key facts about Invesco Trust for Investment Grade New York Municipals (VTN) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VTN vs. VOO - Performance Comparison
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VTN vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTN Invesco Trust for Investment Grade New York Municipals | -3.26% | 18.80% | 6.83% | 7.29% | -21.14% | 7.25% | 0.26% | 19.32% | -8.15% | 8.75% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VTN achieves a -3.26% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, VTN has underperformed VOO with an annualized return of 1.81%, while VOO has yielded a comparatively higher 14.05% annualized return.
VTN
- 1D
- 2.43%
- 1M
- -4.95%
- YTD
- -3.26%
- 6M
- 2.89%
- 1Y
- 13.01%
- 3Y*
- 7.97%
- 5Y*
- 1.91%
- 10Y*
- 1.81%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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Return for Risk
VTN vs. VOO — Risk / Return Rank
VTN
VOO
VTN vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Trust for Investment Grade New York Municipals (VTN) and Vanguard S&P 500 ETF (VOO). 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.
| VTN | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.98 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.50 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.53 | -0.38 |
Martin ratioReturn relative to average drawdown | 4.50 | 7.29 | -2.79 |
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
| VTN | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.98 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.70 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.78 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.83 | -0.53 |
Correlation
The correlation between VTN and VOO is 0.13, 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
VTN vs. VOO - Dividend Comparison
VTN's dividend yield for the trailing twelve months is around 7.51%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTN Invesco Trust for Investment Grade New York Municipals | 7.51% | 7.14% | 6.39% | 3.87% | 5.07% | 4.21% | 4.21% | 4.54% | 5.76% | 5.02% | 5.99% | 5.60% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VTN vs. VOO - Drawdown Comparison
The maximum VTN drawdown since its inception was -49.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VTN and VOO.
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Drawdown Indicators
| VTN | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -33.99% | -15.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -11.98% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -33.63% | -24.52% | -9.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.99% | +0.36% |
Current DrawdownCurrent decline from peak | -8.29% | -6.29% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -3.72% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.52% | +0.39% |
Volatility
VTN vs. VOO - Volatility Comparison
Invesco Trust for Investment Grade New York Municipals (VTN) has a higher volatility of 6.11% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that VTN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTN | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 5.29% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 9.44% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 18.10% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 16.82% | -5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.35% | 17.99% | -5.64% |