OIA vs TBT
Comparison between Invesco Municipal Income Opportunities Trust (OIA, ETF) and PROSHARES ULTRASHORT 20+ YEAR TREASURY (TBT, ETF).
5-Year PerformanceTBT has outperformed OIA, delivering a return of +15.6% compared to -0.7%
OIA vs TBT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
OIA vs TBT - Historical Returns
Returns include dividend reinvestment.
OIA vs TBT - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | OIA | TBT |
|---|---|---|
| 2026 | +3.24% | +3.88% |
| 2025 | +6.44% | -1.41% |
| 2024 | -4.20% | +25.84% |
| 2023 | +7.17% | +1.22% |
| 2022 | -17.71% | +83.83% |
| 2021 | +6.09% | +2.55% |
| 2020 | +4.68% | -36.60% |
| 2019 | +17.64% | -22.02% |
| 2018 | -8.99% | +2.75% |
| 2017 | +17.32% | -16.51% |
| 2016 | +3.43% | -6.01% |
| 2015 | +10.72% | -3.08% |
| 2014 | +18.25% | -41.07% |
| 2013 | -12.44% | +21.75% |
| 2012 | +16.13% | -14.72% |
| 2011 | +16.63% | -51.83% |
| 2010 | +6.34% | -26.11% |
| 2009 | +37.16% | +27.90% |
| 2008 | -32.05% | -45.18% |
| 2007 | -21.12% | N/A |
| 2006 | +20.62% | N/A |
| 2005 | +21.06% | N/A |
| 2004 | +12.12% | N/A |
| 2003 | +3.36% | N/A |
| 2002 | -0.03% | N/A |
| 2001 | -0.47% | N/A |
| 2000 | +8.10% | N/A |
| 1999 | -5.35% | N/A |
OIA vs TBT Drawdown Comparison
The maximum drawdown for OIA was -55.23%, occurring on Oct 10, 2008. Recovery took 1283 trading sessions.
The maximum drawdown for TBT was -94.99%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The current OIA drawdown is -7.89%. The current TBT drawdown is -85.55%.
| Rank | OIA | TBT |
|---|---|---|
| #1 | -55.23% May 11, 2007 - Jun 13, 2012 | -94.99% Jun 13, 2008 - Aug 4, 2020 |
| #2 | -34.85% Aug 30, 2021 - Oct 27, 2023 | -3.64% May 29, 2008 - Jun 12, 2008 |
| #3 | -31.78% Feb 24, 2020 - Dec 31, 2020 | -3.62% May 6, 2008 - May 28, 2008 |
| #4 | -22.39% Nov 26, 2012 - Jan 12, 2015 | -0.01% May 2, 2008 - May 6, 2008 |
| #5 | -19.90% Sep 6, 2000 - Feb 12, 2001 | N/A |
| #6 | -14.09% Sep 30, 2016 - May 31, 2017 | N/A |
| #7 | -13.06% Sep 10, 2018 - Mar 21, 2019 | N/A |
| #8 | -11.94% Oct 7, 2002 - Jun 11, 2003 | N/A |
| #9 | -11.02% Nov 5, 1999 - Jul 19, 2000 | N/A |
| #10 | -11.02% Mar 9, 2004 - Oct 6, 2004 | N/A |
| #11 | -10.80% Aug 31, 2001 - Sep 3, 2002 | N/A |
| #12 | -9.53% Nov 7, 2005 - Jan 5, 2006 | N/A |
| #13 | -9.10% Jun 16, 2003 - Mar 8, 2004 | N/A |
| #14 | -8.65% Dec 27, 2017 - Aug 29, 2018 | N/A |
| #15 | -7.54% Apr 12, 2019 - Aug 6, 2019 | N/A |
Correlation
Correlation between OIA and TBT is -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2000 - 2026)
OIA vs TBT dividend yield comparison.
| Year | OIA | TBT |
|---|---|---|
| 2026 | 2.41% | 0.47% |
| 2025 | 5.81% | 3.21% |
| 2024 | 5.87% | 4.64% |
| 2023 | 5.09% | 4.98% |
| 2022 | 5.68% | 0.42% |
| 2021 | 4.69% | 0.00% |
| 2020 | 4.81% | 0.32% |
| 2019 | 4.88% | 2.12% |
| 2018 | 5.84% | 0.99% |
| 2017 | 5.16% | 0.00% |
| 2016 | 5.58% | 0.00% |
| 2015 | 5.40% | 0.00% |
| 2014 | 5.85% | 0.00% |
| 2013 | 6.77% | 0.00% |
| 2012 | 5.74% | 0.00% |
| 2011 | 6.31% | 0.00% |
| 2010 | 6.80% | 0.00% |
| 2009 | 6.98% | 0.00% |
| 2008 | 10.17% | 0.44% |
| 2007 | 7.22% | 0.00% |
| 2006 | 5.61% | 0.00% |
| 2005 | 6.07% | 0.00% |
| 2004 | 6.46% | 0.00% |
| 2003 | 7.31% | 0.00% |
| 2002 | 7.50% | 0.00% |
| 2001 | 7.31% | 0.00% |
| 2000 | 3.07% | 0.00% |
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