VCV vs EFAX

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and STATE STREET(R) SPDR(R) MSCI EAFE FOSSIL FUEL RESERVES FREE ETF (EFAX, ETF).

5-Year PerformanceEFAX has outperformed VCV, delivering a return of +8.3% compared to +0.1%

VCV vs EFAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCV(ETF)	EFAX(ETF)
Net Assets	$503M	$503M
Expense Ratio	N/A	0.20%
Max Drawdown	63.94%	36.22%
Sharpe Ratio	0.86	0.94
5Y Beta	0.11	0.77
5Y Dividends CAGR	6.50%	15.30%

Net Assets

Winner

VCV

$503M

EFAX

$503M

Expense Ratio

VCV

N/A

EFAX

0.20%

Max Drawdown

VCV

63.94%

Winner

EFAX

36.22%

Sharpe Ratio

VCV

0.86

Winner

EFAX

0.94

5Y Beta

Winner

VCV

0.11

EFAX

0.77

5Y Dividends CAGR

VCV

6.50%

Winner

EFAX

15.30%

VCV vs EFAX - Historical Returns

Returns include dividend reinvestment.

Period	VCV	EFAX
1 month	+0.12%	-0.99%
3 months	+2.59%	+4.25%
6 months	-0.38%	+5.67%
1 year	+14.29%	+18.90%
5 years(CAGR)	+0.10%	+8.34%
10 years(CAGR)	+2.30%	+9.08%
Max(CAGR)	+5.16%	+9.08%

Winner

VCV

+0.12%

EFAX

-0.99%

VCV

+2.59%

Winner

EFAX

+4.25%

VCV

-0.38%

Winner

EFAX

+5.67%

VCV

+14.29%

Winner

EFAX

+18.90%

5Y(CAGR)

VCV

+0.10%

Winner

EFAX

+8.34%

10Y(CAGR)

VCV

+2.30%

Winner

EFAX

+9.08%

Max(CAGR)

VCV

+5.16%

Winner

EFAX

+9.08%

VCV vs EFAX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCV	EFAX
2026	-0.52%	+7.59%
2025	+7.58%	+31.59%
2024	+18.51%	+5.91%
2023	+6.44%	+17.25%
2022	-28.13%	-17.03%
2021	+10.23%	+10.20%
2020	+7.95%	+8.53%
2019	+16.48%	+24.13%
2018	-5.26%	-15.02%
2017	+8.65%	+23.82%
2016	-3.54%	+0.56%
2015	+8.92%	N/A
2014	+20.40%	N/A
2013	-12.87%	N/A
2012	+12.78%	N/A
2011	+23.63%	N/A
2010	+1.94%	N/A
2009	+55.43%	N/A
2008	-45.40%	N/A
2007	+1.50%	N/A
2006	+11.44%	N/A
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 EFAX Drawdown Comparison

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

The maximum drawdown for EFAX was -32.53%, occurring on Mar 18, 2020. Recovery took 205 trading sessions.

The current VCV drawdown is -2.96%. The current EFAX drawdown is -1.82%.

Rank	VCV	EFAX
#1	-58.93% May 11, 2007 - Aug 25, 2010	-32.53% Jan 17, 2020 - Nov 9, 2020
#2	-38.54% Nov 12, 2021 - Feb 27, 2026	-31.65% Sep 7, 2021 - Mar 6, 2024
#3	-31.73% Feb 21, 2020 - Dec 18, 2020	-22.34% Jan 24, 2018 - Jan 17, 2020
#4	-21.75% Aug 17, 2012 - Dec 2, 2014	-13.52% Mar 19, 2025 - Apr 28, 2025
#5	-18.38% Sep 8, 2010 - Oct 31, 2011	-12.38% Feb 25, 2026 - Jun 15, 2026
#6	-18.02% Jul 8, 2016 - Jun 20, 2019	-9.89% Sep 26, 2024 - Mar 5, 2025
#7	-17.84% Mar 17, 2004 - Jul 29, 2005	-7.72% Jul 12, 2024 - Aug 19, 2024
#8	-10.15% Mar 2, 2012 - May 4, 2012	-5.59% Mar 27, 2024 - May 14, 2024
#9	-8.93% Nov 8, 1999 - Apr 6, 2000	-5.54% Nov 12, 2025 - Dec 11, 2025
#10	-8.45% Sep 3, 2019 - Feb 6, 2020	-5.15% Jun 15, 2021 - Aug 13, 2021
#11	-8.29% Feb 27, 2026 - Apr 6, 2026	-4.67% Jul 23, 2025 - Aug 13, 2025
#12	-8.25% Feb 2, 2015 - Oct 30, 2015	-4.35% Feb 16, 2021 - Apr 5, 2021
#13	-8.00% Apr 11, 2000 - Jun 20, 2000	-4.26% Jan 8, 2021 - Feb 9, 2021
#14	-7.94% Sep 15, 2021 - Nov 8, 2021	-4.08% Sep 15, 2017 - Jan 3, 2018
#15	-7.93% Feb 15, 2001 - Jul 24, 2001	-3.83% Aug 30, 2024 - Sep 19, 2024

Correlation

Correlation between VCV and EFAX is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

VCV vs EFAX dividend yield comparison.

Year	VCV	EFAX
2026	4.24%	1.49%
2025	6.96%	3.31%
2024	5.76%	2.74%
2023	4.16%	2.71%
2022	5.46%	2.81%
2021	4.09%	2.58%
2020	4.07%	1.69%
2019	4.43%	2.71%
2018	5.46%	3.05%
2017	5.10%	2.89%
2016	5.86%	0.26%
2015	5.98%	0.00%
2014	6.16%	0.00%
2013	6.95%	0.00%
2012	6.42%	0.00%
2011	7.09%	0.00%
2010	8.09%	0.00%
2009	7.46%	0.00%
2008	11.06%	0.00%
2007	5.32%	0.00%
2006	5.55%	0.00%
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%