UTWO vs VCV

Comparison between F/M US TREASURY 2 YEAR NOTE ETF (UTWO, ETF) and Invesco California Value Municipal Income Trust (VCV, ETF).

UTWO vs VCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UTWO(ETF)	VCV(ETF)
Net Assets	$482M	$483M
Expense Ratio	0.15%	N/A
Max Drawdown	4.63%	63.94%
Sharpe Ratio	-1.07	0.63
5Y Beta	-0.01	0.12
5Y Dividends CAGR	N/A	8.06%

Net Assets

UTWO

$482M

Winner

VCV

$483M

Expense Ratio

UTWO

0.15%

VCV

N/A

Max Drawdown

Winner

UTWO

4.63%

VCV

63.94%

Sharpe Ratio

UTWO

-1.07

Winner

VCV

0.63

5Y Beta

Winner

UTWO

-0.01

VCV

0.12

5Y Dividends CAGR

UTWO

N/A

VCV

8.06%

UTWO vs VCV - Historical Returns

Returns include dividend reinvestment.

Period	UTWO	VCV
1 month	+0.51%	+0.71%
3 months	+0.65%	+1.05%
6 months	+0.26%	-3.74%
1 year	+2.42%	+10.45%
5 years(CAGR)	+2.97%	-0.07%
10 years(CAGR)	N/A	+2.42%
Max(CAGR)	+2.97%	+5.11%

UTWO

+0.51%

Winner

VCV

+0.71%

UTWO

+0.65%

Winner

VCV

+1.05%

Winner

UTWO

+0.26%

VCV

-3.74%

UTWO

+2.42%

Winner

VCV

+10.45%

5Y(CAGR)

Winner

UTWO

+2.97%

VCV

-0.07%

10Y(CAGR)

UTWO

N/A

VCV

+2.42%

Max(CAGR)

UTWO

+2.97%

Winner

VCV

+5.11%

UTWO vs VCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	UTWO	VCV
2026	+0.93%	-1.32%
2025	+4.82%	+7.58%
2024	+3.83%	+18.51%
2023	+3.41%	+6.44%
2022	-0.81%	-28.13%
2021	N/A	+10.23%
2020	N/A	+7.95%
2019	N/A	+16.48%
2018	N/A	-5.26%
2017	N/A	+8.65%
2016	N/A	-3.54%
2015	N/A	+8.92%
2014	N/A	+20.40%
2013	N/A	-12.87%
2012	N/A	+12.78%
2011	N/A	+23.63%
2010	N/A	+1.94%
2009	N/A	+55.43%
2008	N/A	-45.40%
2007	N/A	+1.50%
2006	N/A	+11.44%
2005	N/A	+7.67%
2004	N/A	-6.37%
2003	N/A	+14.77%
2002	N/A	+10.83%
2001	N/A	+8.40%
2000	N/A	+10.38%
1999	N/A	-0.87%

UTWO vs VCV Drawdown Comparison

The maximum drawdown for UTWO was -2.04%, occurring on Nov 7, 2022. Recovery took 144 trading sessions.

The maximum drawdown for VCV was -58.93%, occurring on Dec 15, 2008. Recovery took 829 trading sessions.

The current UTWO drawdown is -0.07%. The current VCV drawdown is -3.74%.

Rank	UTWO	VCV
#1	-2.04% Aug 15, 2022 - Mar 13, 2023	-58.93% May 11, 2007 - Aug 25, 2010
#2	-1.82% May 4, 2023 - Nov 28, 2023	-38.54% Nov 12, 2021 - Feb 27, 2026
#3	-1.08% Sep 24, 2024 - Jan 31, 2025	-31.73% Feb 21, 2020 - Dec 18, 2020
#4	-0.90% Feb 27, 2026 - Aug 4, 2026	-21.75% Aug 17, 2012 - Dec 2, 2014
#5	-0.77% Apr 30, 2025 - Jun 24, 2025	-18.38% Sep 8, 2010 - Oct 31, 2011
#6	-0.75% Apr 5, 2023 - May 3, 2023	-18.02% Jul 8, 2016 - Jun 20, 2019
#7	-0.75% Feb 1, 2024 - May 15, 2024	-17.84% Mar 17, 2004 - Jul 29, 2005
#8	-0.64% Mar 24, 2023 - Apr 5, 2023	-10.15% Mar 2, 2012 - May 4, 2012
#9	-0.58% Mar 17, 2023 - Mar 23, 2023	-8.93% Nov 8, 1999 - Apr 6, 2000
#10	-0.47% Apr 4, 2025 - Apr 28, 2025	-8.45% Sep 3, 2019 - Feb 6, 2020
#11	-0.45% Mar 15, 2023 - Mar 17, 2023	-8.29% Feb 27, 2026 - Apr 6, 2026
#12	-0.39% Jan 12, 2024 - Jan 31, 2024	-8.25% Feb 2, 2015 - Oct 30, 2015
#13	-0.39% Mar 13, 2023 - Mar 15, 2023	-8.00% Apr 11, 2000 - Jun 20, 2000
#14	-0.32% May 15, 2024 - Jun 3, 2024	-7.94% Sep 15, 2021 - Nov 8, 2021
#15	-0.32% Jun 30, 2025 - Aug 1, 2025	-7.93% Feb 15, 2001 - Jul 24, 2001

Correlation

Correlation between UTWO and VCV is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2000 - 2026)

UTWO vs VCV dividend yield comparison.

Year	UTWO	VCV
2026	2.45%	4.92%
2025	3.63%	6.96%
2024	4.22%	5.76%
2023	4.39%	4.16%
2022	1.22%	5.46%
2021	0.00%	4.09%
2020	0.00%	4.07%
2019	0.00%	4.43%
2018	0.00%	5.46%
2017	0.00%	5.10%
2016	0.00%	5.86%
2015	0.00%	5.98%
2014	0.00%	6.16%
2013	0.00%	6.95%
2012	0.00%	6.42%
2011	0.00%	7.09%
2010	0.00%	8.09%
2009	0.00%	7.46%
2008	0.00%	11.06%
2007	0.00%	5.32%
2006	0.00%	5.55%
2005	0.00%	7.45%
2004	0.00%	7.40%
2003	0.00%	8.70%
2002	0.00%	6.74%
2001	0.00%	5.92%
2000	0.00%	2.37%