TAXF vs VMO

Comparison between AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF (TAXF, ETF) and Invesco Municipal Opportunity Trust (VMO, ETF).

5-Year PerformanceTAXF has outperformed VMO, delivering a return of +0.8% compared to -0.3%

TAXF vs VMO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TAXF(ETF)	VMO(ETF)
Net Assets	$681M	$681M
Expense Ratio	0.27%	N/A
Max Drawdown	15.69%	59.97%
Sharpe Ratio	1.26	1.43
5Y Beta	0.03	0.19
5Y Dividends CAGR	12.10%	3.49%

Net Assets

Winner

TAXF

$681M

VMO

$681M

Expense Ratio

TAXF

0.27%

VMO

N/A

Max Drawdown

Winner

TAXF

15.69%

VMO

59.97%

Sharpe Ratio

TAXF

1.26

Winner

VMO

1.43

5Y Beta

Winner

TAXF

0.03

VMO

0.19

5Y Dividends CAGR

Winner

TAXF

12.10%

VMO

3.49%

TAXF vs VMO - Historical Returns

Returns include dividend reinvestment.

Period	TAXF	VMO
1 month	-0.50%	-0.09%
3 months	+0.35%	+2.04%
6 months	+1.23%	+4.44%
1 year	+7.38%	+18.12%
5 years(CAGR)	+0.85%	-0.28%
10 years(CAGR)	N/A	+1.71%
Max(CAGR)	+2.80%	+5.30%

TAXF

-0.50%

Winner

VMO

-0.09%

TAXF

+0.35%

Winner

VMO

+2.04%

TAXF

+1.23%

Winner

VMO

+4.44%

TAXF

+7.38%

Winner

VMO

+18.12%

5Y(CAGR)

Winner

TAXF

+0.85%

VMO

-0.28%

10Y(CAGR)

TAXF

N/A

VMO

+1.71%

Max(CAGR)

TAXF

+2.80%

Winner

VMO

+5.30%

TAXF vs VMO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TAXF	VMO
2026	+1.43%	+6.09%
2025	+3.92%	+5.81%
2024	+2.02%	+7.97%
2023	+6.98%	+2.47%
2022	-9.59%	-24.59%
2021	+2.77%	+12.34%
2020	+5.37%	+8.49%
2019	+8.75%	+13.99%
2018	+0.64%	-4.38%
2017	N/A	+2.74%
2016	N/A	+2.27%
2015	N/A	+9.28%
2014	N/A	+16.12%
2013	N/A	-15.83%
2012	N/A	+7.92%
2011	N/A	+21.08%
2010	N/A	+4.57%
2009	N/A	+45.00%
2008	N/A	-28.05%
2007	N/A	-3.14%
2006	N/A	+12.22%
2005	N/A	+7.50%
2004	N/A	-5.69%
2003	N/A	+13.75%
2002	N/A	+13.87%
2001	N/A	+13.09%
2000	N/A	+13.93%
1999	N/A	-4.09%

TAXF vs VMO Drawdown Comparison

The maximum drawdown for TAXF was -13.94%, occurring on Oct 26, 2022. Recovery took 1041 trading sessions.

The maximum drawdown for VMO was -50.02%, occurring on Dec 16, 2008. Recovery took 599 trading sessions.

The current TAXF drawdown is -0.96%. The current VMO drawdown is -6.53%.

Rank	TAXF	VMO
#1	-13.94% Jul 19, 2021 - Sep 10, 2025	-50.02% Apr 23, 2007 - Sep 4, 2009
#2	-13.39% Mar 9, 2020 - Nov 23, 2020	-37.68% Jan 3, 2022 - Oct 25, 2023
#3	-2.93% Feb 27, 2026 - Jun 29, 2026	-26.16% Oct 8, 2012 - Dec 10, 2015
#4	-2.03% Feb 12, 2021 - May 25, 2021	-25.48% Feb 20, 2020 - Aug 17, 2020
#5	-1.58% Sep 4, 2019 - Dec 27, 2019	-19.84% Dec 3, 2010 - Nov 15, 2011
#6	-0.97% Sep 12, 2018 - Dec 4, 2018	-19.20% Mar 8, 2004 - Mar 24, 2006
#7	-0.96% Jul 6, 2026 - Jul 21, 2026	-17.50% Jul 8, 2016 - Jul 31, 2019
#8	-0.55% Jun 10, 2021 - Jul 7, 2021	-11.93% Nov 5, 2010 - Dec 3, 2010
#9	-0.47% Jan 15, 2026 - Jan 30, 2026	-11.09% Jun 13, 2003 - Jan 6, 2004
#10	-0.43% Nov 11, 2025 - Nov 26, 2025	-10.05% Oct 6, 2009 - Mar 5, 2010
#11	-0.41% Nov 26, 2025 - Dec 23, 2025	-9.94% Feb 1, 2012 - Jul 5, 2012
#12	-0.32% Aug 15, 2019 - Aug 28, 2019	-9.79% Nov 5, 1999 - Jul 26, 2000
#13	-0.32% Sep 18, 2025 - Oct 1, 2025	-9.37% Oct 3, 2002 - Feb 21, 2003
#14	-0.30% Oct 24, 2025 - Nov 11, 2025	-8.51% Apr 28, 2006 - Dec 4, 2006
#15	-0.28% Jan 7, 2019 - Jan 14, 2019	-7.13% Feb 15, 2002 - Jun 4, 2002

Correlation

Correlation between TAXF and VMO is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (2000 - 2026)

TAXF vs VMO dividend yield comparison.

Year	TAXF	VMO
2026	1.93%	4.50%
2025	3.68%	7.84%
2024	3.38%	6.44%
2023	2.93%	4.47%
2022	2.05%	5.69%
2021	1.58%	4.64%
2020	2.13%	4.66%
2019	2.64%	4.94%
2018	0.69%	5.95%
2017	0.00%	5.98%
2016	0.00%	6.73%
2015	0.00%	6.33%
2014	0.00%	6.12%
2013	0.00%	7.43%
2012	0.00%	7.03%
2011	0.00%	7.13%
2010	0.00%	7.91%
2009	0.00%	6.78%
2008	0.00%	8.60%
2007	0.00%	5.55%
2006	0.00%	5.17%
2005	0.00%	8.69%
2004	0.00%	7.20%
2003	0.00%	8.66%
2002	0.00%	9.81%
2001	0.00%	7.59%
2000	0.00%	2.56%