VCV vs FIGB

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and FIDELITY INVESTMENT GRADE BOND ETF (FIGB, ETF).

5-Year PerformanceVCV has outperformed FIGB, delivering a return of +0.4% compared to +0.2%

VCV vs FIGB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCV(ETF)	FIGB(ETF)
Net Assets	$497M	$499M
Expense Ratio	N/A	0.36%
Max Drawdown	63.94%	21.47%
Sharpe Ratio	0.85	0.26
5Y Beta	0.12	0.01
5Y Dividends CAGR	6.81%	66.05%

Net Assets

VCV

$497M

Winner

FIGB

$499M

Expense Ratio

VCV

N/A

FIGB

0.36%

Max Drawdown

VCV

63.94%

Winner

FIGB

21.47%

Sharpe Ratio

Winner

VCV

0.85

FIGB

0.26

5Y Beta

VCV

0.12

Winner

FIGB

0.01

5Y Dividends CAGR

VCV

6.81%

Winner

FIGB

66.05%

VCV vs FIGB - Historical Returns

Returns include dividend reinvestment.

Period	VCV	FIGB
1 month	-0.12%	+0.39%
3 months	+0.07%	+0.20%
6 months	+1.27%	+0.80%
1 year	+12.25%	+4.19%
5 years(CAGR)	+0.39%	+0.20%
10 years(CAGR)	+2.46%	N/A
Max(CAGR)	+5.14%	+0.44%

VCV

-0.12%

Winner

FIGB

+0.39%

VCV

+0.07%

Winner

FIGB

+0.20%

Winner

VCV

+1.27%

FIGB

+0.80%

Winner

VCV

+12.25%

FIGB

+4.19%

5Y(CAGR)

Winner

VCV

+0.39%

FIGB

+0.20%

10Y(CAGR)

VCV

+2.46%

FIGB

N/A

Max(CAGR)

Winner

VCV

+5.14%

FIGB

+0.44%

VCV vs FIGB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCV	FIGB
2026	-1.68%	+0.51%
2025	+7.58%	+7.05%
2024	+18.51%	+1.63%
2023	+6.44%	+6.17%
2022	-28.13%	-12.86%
2021	+10.23%	+1.77%
2020	+7.95%	N/A
2019	+16.48%	N/A
2018	-5.26%	N/A
2017	+8.65%	N/A
2016	-3.54%	N/A
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 FIGB Drawdown Comparison

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

The maximum drawdown for FIGB was -18.08%, occurring on Oct 24, 2022. Recovery took 1108 trading sessions.

The current VCV drawdown is -4.09%. The current FIGB drawdown is -1.40%.

Rank	VCV	FIGB
#1	-58.93% May 11, 2007 - Aug 25, 2010	-18.08% Sep 14, 2021 - Feb 12, 2026
#2	-38.54% Nov 12, 2021 - Feb 27, 2026	-2.93% Feb 27, 2026 - May 19, 2026
#3	-31.73% Feb 21, 2020 - Dec 18, 2020	-1.04% Aug 2, 2021 - Sep 14, 2021
#4	-21.75% Aug 17, 2012 - Dec 2, 2014	-0.98% Mar 4, 2021 - Apr 13, 2021
#5	-18.38% Sep 8, 2010 - Oct 31, 2011	-0.97% May 7, 2021 - Jun 4, 2021
#6	-18.02% Jul 8, 2016 - Jun 20, 2019	-0.52% Jul 8, 2021 - Jul 19, 2021
#7	-17.84% Mar 17, 2004 - Jul 29, 2005	-0.50% Apr 21, 2021 - May 7, 2021
#8	-10.15% Mar 2, 2012 - May 4, 2012	-0.48% Jun 18, 2021 - Jun 30, 2021
#9	-8.93% Nov 8, 1999 - Apr 6, 2000	-0.43% Jun 10, 2021 - Jun 18, 2021
#10	-8.45% Sep 3, 2019 - Feb 6, 2020	-0.42% Jul 19, 2021 - Aug 2, 2021
#11	-8.29% Feb 27, 2026 - Apr 6, 2026	-0.23% Apr 16, 2021 - Apr 20, 2021
#12	-8.25% Feb 2, 2015 - Oct 30, 2015	-0.21% Feb 17, 2026 - Feb 23, 2026
#13	-8.00% Apr 11, 2000 - Jun 20, 2000	-0.18% Jun 30, 2021 - Jul 2, 2021
#14	-7.94% Sep 15, 2021 - Nov 8, 2021	-0.05% Feb 24, 2026 - Feb 26, 2026
#15	-7.93% Feb 15, 2001 - Jul 24, 2001	-0.01% Jun 4, 2021 - Jun 8, 2021

Correlation

Correlation between VCV and FIGB is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2000 - 2026)

VCV vs FIGB dividend yield comparison.

Year	VCV	FIGB
2026	3.03%	1.61%
2025	6.96%	4.15%
2024	5.76%	4.28%
2023	4.16%	3.79%
2022	5.46%	2.44%
2021	4.09%	1.10%
2020	4.07%	0.00%
2019	4.43%	0.00%
2018	5.46%	0.00%
2017	5.10%	0.00%
2016	5.86%	0.00%
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%