VCV vs DNL

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and WISDOMTREE GLOBAL EX-U.S. QUALITY GROWTH FUND (DNL, ETF).

5-Year PerformanceDNL has outperformed VCV, delivering a return of +4.3% compared to -0.1%

VCV vs DNL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCV(ETF)	DNL(ETF)
Net Assets	$483M	$483M
Expense Ratio	N/A	0.42%
Max Drawdown	63.94%	46.89%
Sharpe Ratio	0.63	0.87
5Y Beta	0.12	0.88
5Y Dividends CAGR	8.06%	4.15%

Net Assets

VCV

$483M

Winner

DNL

$483M

Expense Ratio

VCV

N/A

DNL

0.42%

Max Drawdown

VCV

63.94%

Winner

DNL

46.89%

Sharpe Ratio

VCV

0.63

Winner

DNL

0.87

5Y Beta

Winner

VCV

0.12

DNL

0.88

5Y Dividends CAGR

Winner

VCV

8.06%

DNL

4.15%

VCV vs DNL - Historical Returns

Returns include dividend reinvestment.

Period	VCV	DNL
1 month	+0.71%	+6.03%
3 months	+1.05%	+4.96%
6 months	-3.74%	+7.21%
1 year	+10.45%	+20.49%
5 years(CAGR)	-0.07%	+4.26%
10 years(CAGR)	+2.42%	+9.13%
Max(CAGR)	+5.11%	+5.60%

VCV

+0.71%

Winner

DNL

+6.03%

VCV

+1.05%

Winner

DNL

+4.96%

VCV

-3.74%

Winner

DNL

+7.21%

VCV

+10.45%

Winner

DNL

+20.49%

5Y(CAGR)

VCV

-0.07%

Winner

DNL

+4.26%

10Y(CAGR)

VCV

+2.42%

Winner

DNL

+9.13%

Max(CAGR)

VCV

+5.11%

Winner

DNL

+5.60%

VCV vs DNL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCV	DNL
2026	-1.32%	+12.07%
2025	+7.58%	+17.01%
2024	+18.51%	+0.89%
2023	+6.44%	+15.87%
2022	-28.13%	-22.43%
2021	+10.23%	+14.86%
2020	+7.95%	+17.43%
2019	+16.48%	+36.77%
2018	-5.26%	-14.91%
2017	+8.65%	+30.54%
2016	-3.54%	+7.70%
2015	+8.92%	-5.73%
2014	+20.40%	+1.81%
2013	-12.87%	-2.93%
2012	+12.78%	+14.82%
2011	+23.63%	-12.93%
2010	+1.94%	+11.36%
2009	+55.43%	+11.80%
2008	-45.40%	-12.77%
2007	+1.50%	-7.77%
2006	+11.44%	+16.08%
2005	+7.67%	N/A
2004	-6.37%	N/A
2003	+14.77%	N/A
2002	+10.83%	N/A
2001	+8.40%	N/A
2000	+10.38%	N/A
1999	-0.87%	N/A

VCV vs DNL Drawdown Comparison

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

The maximum drawdown for DNL was -44.52%, occurring on Mar 9, 2009. Recovery took 1013 trading sessions.

The current VCV drawdown is -3.74%. The current DNL drawdown is -0.88%.

Rank	VCV	DNL
#1	-58.93% May 11, 2007 - Aug 25, 2010	-44.52% Mar 23, 2007 - Mar 30, 2011
#2	-38.54% Nov 12, 2021 - Feb 27, 2026	-34.88% Jan 4, 2022 - Jul 10, 2024
#3	-31.73% Feb 21, 2020 - Dec 18, 2020	-32.18% Jan 17, 2020 - Aug 12, 2020
#4	-21.75% Aug 17, 2012 - Dec 2, 2014	-30.09% Apr 29, 2011 - Jul 3, 2014
#5	-18.38% Sep 8, 2010 - Oct 31, 2011	-25.01% May 15, 2015 - May 5, 2017
#6	-18.02% Jul 8, 2016 - Jun 20, 2019	-22.35% Jan 26, 2018 - Oct 28, 2019
#7	-17.84% Mar 17, 2004 - Jul 29, 2005	-20.15% Jul 12, 2024 - Jun 27, 2025
#8	-10.15% Mar 2, 2012 - May 4, 2012	-12.42% Feb 25, 2026 - Apr 17, 2026
#9	-8.93% Nov 8, 1999 - Apr 6, 2000	-11.75% Jul 7, 2014 - Apr 24, 2015
#10	-8.45% Sep 3, 2019 - Feb 6, 2020	-8.39% Sep 3, 2021 - Jan 4, 2022
#11	-8.29% Feb 27, 2026 - Apr 6, 2026	-7.04% Feb 16, 2021 - Apr 16, 2021
#12	-8.25% Feb 2, 2015 - Oct 30, 2015	-6.75% Oct 12, 2020 - Nov 5, 2020
#13	-8.00% Apr 11, 2000 - Jun 20, 2000	-6.53% Oct 27, 2025 - Jan 2, 2026
#14	-7.94% Sep 15, 2021 - Nov 8, 2021	-6.20% Jul 11, 2006 - Aug 10, 2006
#15	-7.93% Feb 15, 2001 - Jul 24, 2001	-6.19% Jul 23, 2025 - Sep 16, 2025

Correlation

Correlation between VCV and DNL is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2000 - 2026)

VCV vs DNL dividend yield comparison.

Year	VCV	DNL
2026	4.92%	0.41%
2025	6.96%	2.06%
2024	5.76%	2.30%
2023	4.16%	1.81%
2022	5.46%	4.82%
2021	4.09%	1.38%
2020	4.07%	1.76%
2019	4.43%	1.93%
2018	5.46%	2.55%
2017	5.10%	1.86%
2016	5.86%	2.51%
2015	5.98%	1.98%
2014	6.16%	2.37%
2013	6.95%	2.30%
2012	6.42%	2.71%
2011	7.09%	3.19%
2010	8.09%	2.59%
2009	7.46%	2.81%
2008	11.06%	2.34%
2007	5.32%	1.88%
2006	5.55%	0.59%
2005	7.45%	0.00%
2004	7.40%	0.00%
2003	8.70%	0.00%
2002	6.74%	0.00%
2001	5.92%	0.00%
2000	2.37%	0.00%