MFEM vs VTN

Comparison between PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF (MFEM, ETF) and Invesco Trust For Investment Grade New York Municipals (VTN, ETF).

5-Year PerformanceMFEM has outperformed VTN, delivering a return of +7.5% compared to +1.2%

MFEM vs VTN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFEM(ETF)	VTN(ETF)
Net Assets	$159M	$159M
Expense Ratio	0.49%	N/A
Max Drawdown	48.84%	60.53%
Sharpe Ratio	1.70	1.25
5Y Beta	0.70	0.15
5Y Dividends CAGR	10.02%	8.31%

Net Assets

MFEM

$159M

Winner

VTN

$159M

Expense Ratio

MFEM

0.49%

VTN

N/A

Max Drawdown

Winner

MFEM

48.84%

VTN

60.53%

Sharpe Ratio

Winner

MFEM

1.70

VTN

1.25

5Y Beta

MFEM

0.70

Winner

VTN

0.15

5Y Dividends CAGR

Winner

MFEM

10.02%

VTN

8.31%

MFEM vs VTN - Historical Returns

Returns include dividend reinvestment.

Period	MFEM	VTN
1 month	-3.00%	-1.35%
3 months	+11.17%	-0.50%
6 months	+24.74%	-1.61%
1 year	+41.14%	+18.47%
5 years(CAGR)	+7.54%	+1.21%
10 years(CAGR)	+7.61%	+1.61%
Max(CAGR)	+7.61%	+4.95%

MFEM

-3.00%

Winner

VTN

-1.35%

Winner

MFEM

+11.17%

VTN

-0.50%

Winner

MFEM

+24.74%

VTN

-1.61%

Winner

MFEM

+41.14%

VTN

+18.47%

5Y(CAGR)

Winner

MFEM

+7.54%

VTN

+1.21%

10Y(CAGR)

Winner

MFEM

+7.61%

VTN

+1.61%

Max(CAGR)

Winner

MFEM

+7.61%

VTN

+4.95%

MFEM vs VTN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MFEM	VTN
2026	+20.91%	-1.08%
2025	+25.82%	+16.23%
2024	+6.16%	+6.93%
2023	+14.55%	+6.97%
2022	-20.63%	-21.06%
2021	+10.12%	+6.91%
2020	+9.82%	+0.64%
2019	+14.99%	+17.36%
2018	-15.89%	-8.08%
2017	+4.82%	+8.10%
2016	N/A	-3.98%
2015	N/A	+13.27%
2014	N/A	+10.33%
2013	N/A	-17.12%
2012	N/A	+16.04%
2011	N/A	+20.82%
2010	N/A	+1.78%
2009	N/A	+62.82%
2008	N/A	-32.73%
2007	N/A	-6.62%
2006	N/A	+10.89%
2005	N/A	+5.58%
2004	N/A	-6.92%
2003	N/A	+10.96%
2002	N/A	+12.30%
2001	N/A	+6.54%
2000	N/A	+16.38%
1999	N/A	-8.13%

MFEM vs VTN Drawdown Comparison

The maximum drawdown for MFEM was -43.32%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.

The maximum drawdown for VTN was -49.29%, occurring on Dec 15, 2008. Recovery took 585 trading sessions.

The current MFEM drawdown is -7.61%. The current VTN drawdown is -6.47%.

Rank	MFEM	VTN
#1	-43.32% Jan 26, 2018 - Dec 28, 2020	-49.29% May 11, 2007 - Sep 4, 2009
#2	-31.39% Jun 4, 2021 - Sep 26, 2024	-33.61% Jul 29, 2021 - Oct 16, 2025
#3	-19.22% Oct 7, 2024 - Jun 24, 2025	-29.17% Feb 19, 2020 - Apr 29, 2021
#4	-12.86% Feb 25, 2026 - Apr 30, 2026	-22.31% Mar 24, 2004 - Dec 29, 2006
#5	-8.31% Jun 2, 2026 - Jun 5, 2026	-21.67% Jan 10, 2013 - Nov 27, 2015
#6	-7.46% Feb 12, 2021 - Apr 27, 2021	-19.89% Jul 27, 2016 - Jan 30, 2020
#7	-6.04% Jan 21, 2021 - Feb 9, 2021	-17.68% Nov 5, 2010 - Sep 23, 2011
#8	-6.02% May 11, 2026 - May 26, 2026	-11.39% Feb 13, 2026 - Mar 27, 2026
#9	-4.76% May 7, 2021 - May 28, 2021	-10.21% Nov 1, 1999 - Jul 5, 2000
#10	-4.46% Sep 17, 2025 - Oct 20, 2025	-10.02% Oct 2, 2002 - Jan 3, 2003
#11	-4.16% Nov 12, 2025 - Dec 26, 2025	-8.50% Oct 6, 2009 - Jan 19, 2010
#12	-3.96% Sep 11, 2017 - Oct 16, 2017	-8.28% Feb 13, 2012 - Jul 9, 2012
#13	-3.68% Nov 24, 2017 - Dec 22, 2017	-7.61% Jul 9, 2003 - Dec 4, 2003
#14	-3.64% Jul 23, 2025 - Aug 12, 2025	-7.20% Feb 8, 2002 - Jun 7, 2002
#15	-3.51% Jan 29, 2026 - Feb 9, 2026	-6.70% Sep 13, 2000 - Dec 29, 2000

Correlation

Correlation between MFEM and VTN is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

MFEM vs VTN dividend yield comparison.

Year	MFEM	VTN
2026	0.53%	3.11%
2025	2.77%	7.14%
2024	5.89%	6.39%
2023	4.01%	3.87%
2022	7.01%	5.07%
2021	29.96%	4.21%
2020	1.70%	4.21%
2019	2.37%	4.54%
2018	1.18%	5.76%
2017	0.21%	5.02%
2016	0.00%	5.99%
2015	0.00%	5.60%
2014	0.00%	6.51%
2013	0.00%	7.70%
2012	0.00%	6.08%
2011	0.00%	6.61%
2010	0.00%	7.40%
2009	0.00%	6.20%
2008	0.00%	9.05%
2007	0.00%	5.63%
2006	0.00%	5.79%
2005	0.00%	7.93%
2004	0.00%	7.20%
2003	0.00%	8.87%
2002	0.00%	8.66%
2001	0.00%	6.89%
2000	0.00%	4.24%