IIM vs TOPT

Comparison between Invesco Value Municipal Income Trust (IIM, ETF) and ISHARES TOP 20 U.S. STOCKS ETF (TOPT, ETF).

IIM vs TOPT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIM(ETF)	TOPT(ETF)
Net Assets	$581M	$582M
Expense Ratio	N/A	0.20%
Max Drawdown	46.54%	21.30%
Sharpe Ratio	1.01	1.50
5Y Beta	0.20	1.09
P/E Ratio	N/A	31.90
Forward P/E	N/A	24.71
PEG Ratio	N/A	0.54
5Y Dividends CAGR	4.77%	N/A
5Y EPS CAGR	N/A	37.12%
Debt to Equity	N/A	38.70%
P/S Ratio	N/A	6.80
P/B Ratio	N/A	8.50

Net Assets

IIM

$581M

Winner

TOPT

$582M

Expense Ratio

IIM

N/A

TOPT

0.20%

Max Drawdown

IIM

46.54%

Winner

TOPT

21.30%

Sharpe Ratio

IIM

1.01

Winner

TOPT

1.50

5Y Beta

Winner

IIM

0.20

TOPT

1.09

P/E Ratio

IIM

N/A

TOPT

31.90

Forward P/E

IIM

N/A

TOPT

24.71

PEG Ratio

IIM

N/A

TOPT

0.54

5Y Dividends CAGR

IIM

4.77%

TOPT

N/A

5Y EPS CAGR

IIM

N/A

TOPT

37.12%

Debt to Equity

IIM

N/A

TOPT

38.70%

P/S Ratio

IIM

N/A

TOPT

6.80

P/B Ratio

IIM

N/A

TOPT

8.50

IIM vs TOPT - Historical Returns

Returns include dividend reinvestment.

Period	IIM	TOPT
1 month	+3.38%	+1.85%
3 months	-2.53%	+9.89%
6 months	+2.12%	+5.59%
1 year	+14.87%	+28.22%
5 years(CAGR)	+0.54%	N/A
10 years(CAGR)	+2.06%	N/A
Max(CAGR)	+5.55%	+19.98%

Winner

IIM

+3.38%

TOPT

+1.85%

IIM

-2.53%

Winner

TOPT

+9.89%

IIM

+2.12%

Winner

TOPT

+5.59%

IIM

+14.87%

Winner

TOPT

+28.22%

5Y(CAGR)

IIM

+0.54%

TOPT

N/A

10Y(CAGR)

IIM

+2.06%

TOPT

N/A

Max(CAGR)

IIM

+5.55%

Winner

TOPT

+19.98%

IIM vs TOPT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IIM	TOPT
2026	+3.62%	+6.60%
2025	+10.49%	+20.76%
2024	+8.05%	+5.03%
2023	+1.96%	N/A
2022	-24.99%	N/A
2021	+14.43%	N/A
2020	+6.40%	N/A
2019	+16.89%	N/A
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 TOPT Drawdown Comparison

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

The maximum drawdown for TOPT was -21.21%, occurring on Apr 8, 2025. Recovery took 124 trading sessions.

The current IIM drawdown is -4.38%. The current TOPT drawdown is -3.81%.

Rank	IIM	TOPT
#1	-40.17% Feb 12, 2008 - Jul 23, 2009	-21.21% Dec 24, 2024 - Jun 26, 2025
#2	-35.72% Dec 31, 2021 - Oct 26, 2023	-13.13% Oct 29, 2025 - Apr 27, 2026
#3	-28.68% Mar 6, 2020 - Nov 30, 2020	-3.81% May 14, 2026 - Jun 5, 2026
#4	-21.70% Jan 9, 2013 - Oct 3, 2014	-3.19% Oct 29, 2024 - Nov 6, 2024
#5	-18.68% Jul 11, 2016 - Aug 2, 2019	-3.16% Dec 16, 2024 - Dec 24, 2024
#6	-17.73% Sep 8, 2010 - Aug 22, 2011	-2.92% Oct 9, 2025 - Oct 24, 2025
#7	-16.13% Jan 29, 2015 - Jan 4, 2016	-2.80% Nov 8, 2024 - Dec 2, 2024
#8	-13.63% Mar 8, 2004 - Jun 16, 2005	-2.54% Aug 14, 2025 - Aug 28, 2025
#9	-13.17% Mar 9, 2012 - Jan 2, 2013	-1.97% Jul 28, 2025 - Aug 6, 2025
#10	-10.27% Nov 4, 1999 - Jul 6, 2000	-1.78% Aug 28, 2025 - Sep 4, 2025
#11	-10.27% Sep 13, 2000 - Jan 8, 2001	-1.51% Sep 22, 2025 - Oct 1, 2025
#12	-9.06% Jun 16, 2003 - Dec 16, 2003	-1.05% Jul 3, 2025 - Jul 10, 2025
#13	-8.74% May 15, 2007 - Jan 14, 2008	-0.88% Jun 30, 2025 - Jul 2, 2025
#14	-7.97% Sep 14, 2021 - Dec 31, 2021	-0.60% Dec 11, 2024 - Dec 13, 2024
#15	-7.40% Oct 8, 2009 - Dec 17, 2009	-0.55% Sep 4, 2025 - Sep 9, 2025

Correlation

Correlation between IIM and TOPT is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2000 - 2026)

IIM vs TOPT dividend yield comparison.

Year	IIM	TOPT
2026	3.11%	0.09%
2025	7.51%	0.38%
2024	6.58%	0.08%
2023	4.72%	0.00%
2022	5.87%	0.00%
2021	4.51%	0.00%
2020	4.48%	0.00%
2019	4.61%	0.00%
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%