IIM vs FDEM

Comparison between Invesco Value Municipal Income Trust (IIM, ETF) and FIDELITY EMERGING MARKETS MULTIFACTOR ETF (FDEM, ETF).

5-Year PerformanceFDEM has outperformed IIM, delivering a return of +9.2% compared to +0.5%

IIM vs FDEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIM(ETF)	FDEM(ETF)
Net Assets	$587M	$587M
Expense Ratio	N/A	0.25%
Max Drawdown	46.54%	34.04%
Sharpe Ratio	1.39	1.11
5Y Beta	0.19	0.73
5Y Dividends CAGR	4.35%	13.33%

Net Assets

IIM

$587M

Winner

FDEM

$587M

Expense Ratio

IIM

N/A

FDEM

0.25%

Max Drawdown

IIM

46.54%

Winner

FDEM

34.04%

Sharpe Ratio

Winner

IIM

1.39

FDEM

1.11

5Y Beta

Winner

IIM

0.19

FDEM

0.73

5Y Dividends CAGR

IIM

4.35%

Winner

FDEM

13.33%

IIM vs FDEM - Historical Returns

Returns include dividend reinvestment.

Period	IIM	FDEM
1 month	+0.76%	-6.69%
3 months	+4.69%	+3.75%
6 months	+6.53%	+9.63%
1 year	+19.79%	+27.04%
5 years(CAGR)	+0.53%	+9.22%
10 years(CAGR)	+2.33%	N/A
Max(CAGR)	+5.62%	+8.44%

Winner

IIM

+0.76%

FDEM

-6.69%

Winner

IIM

+4.69%

FDEM

+3.75%

IIM

+6.53%

Winner

FDEM

+9.63%

IIM

+19.79%

Winner

FDEM

+27.04%

5Y(CAGR)

IIM

+0.53%

Winner

FDEM

+9.22%

10Y(CAGR)

IIM

+2.33%

FDEM

N/A

Max(CAGR)

IIM

+5.62%

Winner

FDEM

+8.44%

IIM vs FDEM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIM	FDEM
2026	+6.32%	+13.34%
2025	+10.49%	+25.57%
2024	+8.05%	+10.29%
2023	+1.96%	+16.71%
2022	-24.99%	-13.41%
2021	+14.43%	-3.71%
2020	+6.40%	+7.21%
2019	+16.89%	+5.72%
2018	-3.94%	N/A
2017	+6.76%	N/A
2016	-6.13%	N/A
2015	+4.87%	N/A
2014	+27.82%	N/A
2013	-15.82%	N/A
2012	+10.32%	N/A
2011	+26.65%	N/A
2010	+2.22%	N/A
2009	+35.02%	N/A
2008	-16.26%	N/A
2007	-1.26%	N/A
2006	+9.16%	N/A
2005	+6.85%	N/A
2004	+0.01%	N/A
2003	+13.26%	N/A
2002	+10.83%	N/A
2001	+8.90%	N/A
2000	+9.86%	N/A
1999	-5.21%	N/A

IIM vs FDEM Drawdown Comparison

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

The maximum drawdown for FDEM was -33.65%, occurring on Mar 23, 2020. Recovery took 222 trading sessions.

The current IIM drawdown is -2.65%. The current FDEM drawdown is -6.73%.

Rank	IIM	FDEM
#1	-40.17% Feb 12, 2008 - Jul 23, 2009	-33.65% Jan 17, 2020 - Dec 3, 2020
#2	-35.72% Dec 31, 2021 - Jul 2, 2026	-29.32% Feb 16, 2021 - May 15, 2024
#3	-28.68% Mar 6, 2020 - Nov 30, 2020	-16.03% Sep 26, 2024 - May 19, 2025
#4	-21.70% Jan 9, 2013 - Oct 3, 2014	-12.68% Feb 25, 2026 - Apr 30, 2026
#5	-18.68% Jul 11, 2016 - Aug 2, 2019	-9.65% Apr 17, 2019 - Nov 4, 2019
#6	-17.73% Sep 8, 2010 - Aug 22, 2011	-9.10% Jun 2, 2026 - Jul 17, 2026
#7	-16.13% Jan 29, 2015 - Jan 4, 2016	-7.69% Jul 12, 2024 - Sep 24, 2024
#8	-13.63% Mar 8, 2004 - Jun 16, 2005	-4.69% May 11, 2026 - May 26, 2026
#9	-13.17% Mar 9, 2012 - Jan 2, 2013	-4.56% Nov 7, 2019 - Dec 16, 2019
#10	-10.27% Nov 4, 1999 - Jul 6, 2000	-4.46% May 20, 2024 - Jul 11, 2024
#11	-10.27% Sep 13, 2000 - Jan 8, 2001	-4.36% Sep 17, 2025 - Oct 20, 2025
#12	-9.06% Jun 16, 2003 - Dec 16, 2003	-4.26% Nov 11, 2025 - Jan 2, 2026
#13	-8.74% May 15, 2007 - Jan 14, 2008	-4.01% Jan 26, 2021 - Feb 5, 2021
#14	-7.97% Sep 14, 2021 - Dec 31, 2021	-3.28% Jul 23, 2025 - Aug 12, 2025
#15	-7.40% Oct 8, 2009 - Dec 17, 2009	-2.70% Jan 28, 2026 - Feb 9, 2026

Correlation

Correlation between IIM and FDEM is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.65

-101

Dividend Comparison (2000 - 2026)

IIM vs FDEM dividend yield comparison.

Year	IIM	FDEM
2026	4.29%	1.59%
2025	7.51%	3.23%
2024	6.58%	4.05%
2023	4.72%	4.41%
2022	5.87%	3.95%
2021	4.51%	2.71%
2020	4.48%	1.84%
2019	4.61%	2.39%
2018	5.43%	0.00%
2017	4.99%	0.00%
2016	5.52%	0.00%
2015	5.20%	0.00%
2014	5.49%	0.00%
2013	6.67%	0.00%
2012	5.35%	0.00%
2011	5.50%	0.00%
2010	6.44%	0.00%
2009	5.70%	0.00%
2008	7.39%	0.00%
2007	5.22%	0.00%
2006	5.82%	0.00%
2005	6.10%	0.00%
2004	6.47%	0.00%
2003	8.03%	0.00%
2002	5.82%	0.00%
2001	5.68%	0.00%
2000	2.54%	0.00%