FLCO vs IIM

Comparison between FRANKLIN INVESTMENT GRADE CORPORATE ETF (FLCO, ETF) and Invesco Value Municipal Income Trust (IIM, ETF).

5-Year PerformanceIIM has outperformed FLCO, delivering a return of +0.7% compared to +0.0%

FLCO vs IIM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLCO(ETF)	IIM(ETF)
Net Assets	$581M	$581M
Expense Ratio	0.35%	N/A
Max Drawdown	28.31%	46.54%
Sharpe Ratio	0.36	1.18
5Y Beta	0.11	0.19
5Y Dividends CAGR	1.95%	4.77%

Net Assets

Winner

FLCO

$581M

IIM

$581M

Expense Ratio

FLCO

0.35%

IIM

N/A

Max Drawdown

Winner

FLCO

28.31%

IIM

46.54%

Sharpe Ratio

FLCO

0.36

Winner

IIM

1.18

5Y Beta

Winner

FLCO

0.11

IIM

0.19

5Y Dividends CAGR

FLCO

1.95%

Winner

IIM

4.77%

FLCO vs IIM - Historical Returns

Returns include dividend reinvestment.

Period	FLCO	IIM
1 month	+0.59%	+4.27%
3 months	+1.42%	+0.75%
6 months	+1.15%	+5.27%
1 year	+4.90%	+16.22%
5 years(CAGR)	+0.04%	+0.72%
10 years(CAGR)	+2.17%	+2.32%
Max(CAGR)	+2.17%	+5.60%

FLCO

+0.59%

Winner

IIM

+4.27%

Winner

FLCO

+1.42%

IIM

+0.75%

FLCO

+1.15%

Winner

IIM

+5.27%

FLCO

+4.90%

Winner

IIM

+16.22%

5Y(CAGR)

FLCO

+0.04%

Winner

IIM

+0.72%

10Y(CAGR)

FLCO

+2.17%

Winner

IIM

+2.32%

Max(CAGR)

FLCO

+2.17%

Winner

IIM

+5.60%

FLCO vs IIM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FLCO	IIM
2026	+0.80%	+5.29%
2025	+7.49%	+10.49%
2024	+2.52%	+8.05%
2023	+7.30%	+1.96%
2022	-15.40%	-24.99%
2021	-1.80%	+14.43%
2020	+9.74%	+6.40%
2019	+14.70%	+16.89%
2018	-2.61%	-3.94%
2017	+6.33%	+6.76%
2016	-3.09%	-6.13%
2015	N/A	+4.87%
2014	N/A	+27.82%
2013	N/A	-15.82%
2012	N/A	+10.32%
2011	N/A	+26.65%
2010	N/A	+2.22%
2009	N/A	+35.02%
2008	N/A	-16.26%
2007	N/A	-1.26%
2006	N/A	+9.16%
2005	N/A	+6.85%
2004	N/A	+0.01%
2003	N/A	+13.26%
2002	N/A	+10.83%
2001	N/A	+8.90%
2000	N/A	+9.86%
1999	N/A	-5.21%

FLCO vs IIM Drawdown Comparison

The maximum drawdown for FLCO was -22.72%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for IIM was -40.17%, occurring on Oct 10, 2008. Recovery took 364 trading sessions.

The current FLCO drawdown is -2.11%. The current IIM drawdown is -2.84%.

Rank	FLCO	IIM
#1	-22.72% Dec 31, 2020 - Oct 20, 2022	-40.17% Feb 12, 2008 - Jul 23, 2009
#2	-18.62% Mar 6, 2020 - Jun 16, 2020	-35.72% Dec 31, 2021 - Oct 26, 2023
#3	-4.76% Dec 14, 2017 - Mar 8, 2019	-28.68% Mar 6, 2020 - Nov 30, 2020
#4	-4.15% Oct 5, 2016 - Jun 2, 2017	-21.70% Jan 9, 2013 - Oct 3, 2014
#5	-2.74% Aug 6, 2020 - Nov 30, 2020	-18.68% Jul 11, 2016 - Aug 2, 2019
#6	-2.41% Aug 28, 2019 - Oct 4, 2019	-17.73% Sep 8, 2010 - Aug 22, 2011
#7	-1.55% Oct 4, 2019 - Nov 26, 2019	-16.13% Jan 29, 2015 - Jan 4, 2016
#8	-1.05% Jun 30, 2017 - Jul 20, 2017	-13.63% Mar 8, 2004 - Jun 16, 2005
#9	-1.03% Jul 3, 2019 - Aug 1, 2019	-13.17% Mar 9, 2012 - Jan 2, 2013
#10	-0.96% Feb 28, 2020 - Mar 4, 2020	-10.27% Nov 4, 1999 - Jul 6, 2000
#11	-0.83% Oct 13, 2017 - Nov 30, 2017	-10.27% Sep 13, 2000 - Jan 8, 2001
#12	-0.66% Jun 22, 2020 - Jun 29, 2020	-9.06% Jun 16, 2003 - Dec 16, 2003
#13	-0.62% Dec 3, 2020 - Dec 28, 2020	-8.74% May 15, 2007 - Jan 14, 2008
#14	-0.56% Sep 8, 2017 - Sep 25, 2017	-7.97% Sep 14, 2021 - Dec 31, 2021
#15	-0.55% Jan 31, 2020 - Feb 10, 2020	-7.40% Oct 8, 2009 - Dec 17, 2009

Correlation

Correlation between FLCO and IIM is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

FLCO vs IIM dividend yield comparison.

Year	FLCO	IIM
2026	1.88%	3.06%
2025	4.60%	7.51%
2024	4.63%	6.58%
2023	3.83%	4.72%
2022	3.85%	5.87%
2021	2.85%	4.51%
2020	3.99%	4.48%
2019	3.39%	4.61%
2018	3.86%	5.43%
2017	3.33%	4.99%
2016	0.51%	5.52%
2015	0.00%	5.20%
2014	0.00%	5.49%
2013	0.00%	6.67%
2012	0.00%	5.35%
2011	0.00%	5.50%
2010	0.00%	6.44%
2009	0.00%	5.70%
2008	0.00%	7.39%
2007	0.00%	5.22%
2006	0.00%	5.82%
2005	0.00%	6.10%
2004	0.00%	6.47%
2003	0.00%	8.03%
2002	0.00%	5.82%
2001	0.00%	5.68%
2000	0.00%	2.54%