PPI vs VTN

Comparison between Investment Managers Series Trust II Astoria Real Assets ETF (PPI, ETF) and Invesco Trust For Investment Grade New York Municipals (VTN, ETF).

PPI vs VTN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PPI(ETF)	VTN(ETF)
Net Assets	$159M	$159M
Expense Ratio	0.58%	N/A
Max Drawdown	25.73%	60.53%
Sharpe Ratio	1.35	1.28
5Y Beta	1.21	0.15
P/E Ratio	18.27	N/A
Forward P/E	15.56	N/A
PEG Ratio	0.23	N/A
5Y Dividends CAGR	N/A	8.31%
Debt to Equity	96.90%	N/A
P/S Ratio	2.32	N/A
P/B Ratio	3.05	N/A

Net Assets

Winner

PPI

$159M

VTN

$159M

Expense Ratio

PPI

0.58%

VTN

N/A

Max Drawdown

Winner

PPI

25.73%

VTN

60.53%

Sharpe Ratio

Winner

PPI

1.35

VTN

1.28

5Y Beta

PPI

1.21

Winner

VTN

0.15

P/E Ratio

PPI

18.27

VTN

N/A

Forward P/E

PPI

15.56

VTN

N/A

PEG Ratio

PPI

0.23

VTN

N/A

5Y Dividends CAGR

PPI

N/A

VTN

8.31%

Debt to Equity

PPI

96.90%

VTN

N/A

P/S Ratio

PPI

2.32

VTN

N/A

P/B Ratio

PPI

3.05

VTN

N/A

PPI vs VTN - Historical Returns

Returns include dividend reinvestment.

Period	PPI	VTN
1 month	N/A	+0.17%
3 months	N/A	+1.85%
6 months	N/A	-1.76%
1 year	+36.32%	+18.54%
5 years(CAGR)	+14.17%	+1.42%
10 years(CAGR)	N/A	+1.81%
Max(CAGR)	+14.17%	+4.96%

PPI

N/A

VTN

+0.17%

PPI

N/A

VTN

+1.85%

PPI

N/A

VTN

-1.76%

Winner

PPI

+36.32%

VTN

+18.54%

5Y(CAGR)

Winner

PPI

+14.17%

VTN

+1.42%

10Y(CAGR)

PPI

N/A

VTN

+1.81%

Max(CAGR)

Winner

PPI

+14.17%

VTN

+4.96%

PPI vs VTN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PPI	VTN
2026	-2.74%	-0.73%
2025	N/A	+16.23%
2024	+13.73%	+6.93%
2023	+12.51%	+6.97%
2022	+3.12%	-21.06%
2021	+0.23%	+6.91%
2020	N/A	+0.64%
2019	N/A	+17.36%
2018	N/A	-8.08%
2017	N/A	+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%

PPI vs VTN Drawdown Comparison

The maximum drawdown for PPI was -24.56%, occurring on Jul 14, 2022. Recovery took 455 trading sessions.

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

The current PPI drawdown is -2.74%. The current VTN drawdown is -6.13%.

Rank	PPI	VTN
#1	-24.56% Apr 20, 2022 - Feb 12, 2024	-49.29% May 11, 2007 - Sep 4, 2009
#2	-11.43% Apr 8, 2024 - May 28, 2026	-33.61% Jul 29, 2021 - Oct 16, 2025
#3	-6.82% Jan 14, 2022 - Feb 9, 2022	-29.17% Feb 19, 2020 - Apr 29, 2021
#4	-5.18% Mar 25, 2022 - Apr 20, 2022	-22.31% Mar 24, 2004 - Dec 29, 2006
#5	-3.58% Feb 9, 2022 - Feb 28, 2022	-21.67% Jan 10, 2013 - Nov 27, 2015
#6	-2.85% Mar 2, 2022 - Mar 16, 2022	-19.89% Jul 27, 2016 - Jan 30, 2020
#7	-2.74% May 28, 2026 - Jun 5, 2026	-17.68% Nov 5, 2010 - Sep 23, 2011
#8	-1.71% Feb 12, 2024 - Feb 15, 2024	-11.39% Feb 13, 2026 - Mar 27, 2026
#9	-1.18% Feb 28, 2022 - Mar 2, 2022	-10.21% Nov 1, 1999 - Jul 5, 2000
#10	-0.87% Mar 7, 2024 - Mar 13, 2024	-10.02% Oct 2, 2002 - Jan 3, 2003
#11	-0.77% Apr 3, 2024 - Apr 5, 2024	-8.50% Oct 6, 2009 - Jan 19, 2010
#12	-0.72% Jan 12, 2022 - Jan 14, 2022	-8.28% Feb 13, 2012 - Jul 9, 2012
#13	-0.58% Jan 4, 2022 - Jan 6, 2022	-7.61% Jul 9, 2003 - Dec 4, 2003
#14	-0.41% Feb 16, 2024 - Feb 21, 2024	-7.20% Feb 8, 2002 - Jun 7, 2002
#15	-0.39% Jan 7, 2022 - Jan 11, 2022	-6.70% Sep 13, 2000 - Dec 29, 2000

Correlation

Correlation between PPI and VTN is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (2000 - 2026)

PPI vs VTN dividend yield comparison.

Year	PPI	VTN
2026	0.00%	3.10%
2025	0.00%	7.14%
2024	0.23%	6.39%
2023	2.86%	3.87%
2022	2.40%	5.07%
2021	0.00%	4.21%
2020	0.00%	4.21%
2019	0.00%	4.54%
2018	0.00%	5.76%
2017	0.00%	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%