IIM vs FLCO

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

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

IIM vs FLCO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIM(ETF)	FLCO(ETF)
Net Assets	$581M	$581M
Expense Ratio	N/A	0.35%
Max Drawdown	46.54%	28.31%
Sharpe Ratio	1.24	0.43
5Y Beta	0.19	0.11
5Y Dividends CAGR	4.77%	1.95%

Net Assets

IIM

$581M

Winner

FLCO

$581M

Expense Ratio

IIM

N/A

FLCO

0.35%

Max Drawdown

IIM

46.54%

Winner

FLCO

28.31%

Sharpe Ratio

Winner

IIM

1.24

FLCO

0.43

5Y Beta

IIM

0.19

Winner

FLCO

0.11

5Y Dividends CAGR

Winner

IIM

4.77%

FLCO

1.95%

IIM vs FLCO - Historical Returns

Returns include dividend reinvestment.

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

Winner

IIM

+4.27%

FLCO

+0.59%

IIM

+0.75%

Winner

FLCO

+1.42%

Winner

IIM

+5.27%

FLCO

+1.15%

Winner

IIM

+16.22%

FLCO

+4.90%

5Y(CAGR)

Winner

IIM

+0.72%

FLCO

+0.04%

10Y(CAGR)

Winner

IIM

+2.32%

FLCO

+2.17%

Max(CAGR)

Winner

IIM

+5.60%

FLCO

+2.17%

IIM vs FLCO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIM	FLCO
2026	+5.29%	+0.80%
2025	+10.49%	+7.49%
2024	+8.05%	+2.52%
2023	+1.96%	+7.30%
2022	-24.99%	-15.40%
2021	+14.43%	-1.80%
2020	+6.40%	+9.74%
2019	+16.89%	+14.70%
2018	-3.94%	-2.61%
2017	+6.76%	+6.33%
2016	-6.13%	-3.09%
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 FLCO Drawdown Comparison

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

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

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

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

Correlation

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

0.92

-101

Dividend Comparison (2000 - 2026)

IIM vs FLCO dividend yield comparison.

Year	IIM	FLCO
2026	3.06%	1.88%
2025	7.51%	4.60%
2024	6.58%	4.63%
2023	4.72%	3.83%
2022	5.87%	3.85%
2021	4.51%	2.85%
2020	4.48%	3.99%
2019	4.61%	3.39%
2018	5.43%	3.86%
2017	4.99%	3.33%
2016	5.52%	0.51%
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%