IIM vs RPAR

Comparison between Invesco Value Municipal Income Trust (IIM, ETF) and RPAR RISK PARITY ETF (RPAR, ETF).

5-Year PerformanceRPAR has outperformed IIM, delivering a return of +0.7% compared to +0.5%

IIM vs RPAR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIM(ETF)	RPAR(ETF)
Net Assets	$587M	$586M
Expense Ratio	N/A	0.52%
Max Drawdown	46.54%	34.80%
Sharpe Ratio	1.39	0.89
5Y Beta	0.19	0.39
5Y Dividends CAGR	4.35%	18.12%

Net Assets

Winner

IIM

$587M

RPAR

$586M

Expense Ratio

IIM

N/A

RPAR

0.52%

Max Drawdown

IIM

46.54%

Winner

RPAR

34.80%

Sharpe Ratio

Winner

IIM

1.39

RPAR

0.89

5Y Beta

Winner

IIM

0.19

RPAR

0.39

5Y Dividends CAGR

IIM

4.35%

Winner

RPAR

18.12%

IIM vs RPAR - Historical Returns

Returns include dividend reinvestment.

Period	IIM	RPAR
1 month	+0.76%	-2.06%
3 months	+4.69%	-2.70%
6 months	+6.53%	-0.38%
1 year	+19.79%	+12.50%
5 years(CAGR)	+0.53%	+0.72%
10 years(CAGR)	+2.33%	N/A
Max(CAGR)	+5.62%	+3.88%

Winner

IIM

+0.76%

RPAR

-2.06%

Winner

IIM

+4.69%

RPAR

-2.70%

Winner

IIM

+6.53%

RPAR

-0.38%

Winner

IIM

+19.79%

RPAR

+12.50%

5Y(CAGR)

IIM

+0.53%

Winner

RPAR

+0.72%

10Y(CAGR)

IIM

+2.33%

RPAR

N/A

Max(CAGR)

Winner

IIM

+5.62%

RPAR

+3.88%

IIM vs RPAR - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIM	RPAR
2026	+6.32%	+2.73%
2025	+10.49%	+17.50%
2024	+8.05%	+0.60%
2023	+1.96%	+5.47%
2022	-24.99%	-22.43%
2021	+14.43%	+6.70%
2020	+6.40%	+17.68%
2019	+16.89%	+0.11%
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 RPAR Drawdown Comparison

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

The maximum drawdown for RPAR was -30.14%, occurring on Oct 20, 2022. Recovery took 1055 trading sessions.

The current IIM drawdown is -2.65%. The current RPAR drawdown is -6.21%.

Rank	IIM	RPAR
#1	-40.17% Feb 12, 2008 - Jul 23, 2009	-30.14% Nov 9, 2021 - Jan 26, 2026
#2	-35.72% Dec 31, 2021 - Jul 2, 2026	-19.82% Mar 6, 2020 - Jun 10, 2020
#3	-28.68% Mar 6, 2020 - Nov 30, 2020	-8.10% Feb 27, 2026 - Mar 20, 2026
#4	-21.70% Jan 9, 2013 - Oct 3, 2014	-6.37% Jan 20, 2021 - Jun 1, 2021
#5	-18.68% Jul 11, 2016 - Aug 2, 2019	-5.82% Aug 6, 2020 - Nov 20, 2020
#6	-17.73% Sep 8, 2010 - Aug 22, 2011	-3.82% Sep 15, 2021 - Oct 26, 2021
#7	-16.13% Jan 29, 2015 - Jan 4, 2016	-2.81% Jan 29, 2026 - Feb 10, 2026
#8	-13.63% Mar 8, 2004 - Jun 16, 2005	-2.70% Feb 21, 2020 - Mar 5, 2020
#9	-13.17% Mar 9, 2012 - Jan 2, 2013	-2.10% Aug 3, 2021 - Sep 15, 2021
#10	-10.27% Nov 4, 1999 - Jul 6, 2000	-2.07% Jun 10, 2020 - Jul 2, 2020
#11	-10.27% Sep 13, 2000 - Jan 8, 2001	-1.79% Jun 10, 2021 - Jul 2, 2021
#12	-9.06% Jun 16, 2003 - Dec 16, 2003	-1.41% Jan 5, 2021 - Jan 20, 2021
#13	-8.74% May 15, 2007 - Jan 14, 2008	-1.26% Oct 27, 2021 - Nov 5, 2021
#14	-7.97% Sep 14, 2021 - Dec 31, 2021	-1.10% Nov 27, 2020 - Dec 3, 2020
#15	-7.40% Oct 8, 2009 - Dec 17, 2009	-0.94% Dec 16, 2019 - Jan 2, 2020

Correlation

Correlation between IIM and RPAR is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2000 - 2026)

IIM vs RPAR dividend yield comparison.

Year	IIM	RPAR
2026	4.29%	1.40%
2025	7.51%	2.54%
2024	6.58%	2.51%
2023	4.72%	3.16%
2022	5.87%	4.01%
2021	4.51%	2.02%
2020	4.48%	0.76%
2019	4.61%	0.23%
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%