VCV vs ICLO
Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and Invesco AAA CLO Floating Rate Note ETF (ICLO, ETF).
VCV vs ICLO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VCV
$503M
Winner
ICLO
$504M
Expense Ratio
VCV
N/A
ICLO
0.19%
Max Drawdown
VCV
63.94%
Winner
ICLO
4.36%
Sharpe Ratio
VCV
0.86
Winner
ICLO
1.07
5Y Beta
VCV
0.11
Winner
ICLO
0.06
5Y Dividends CAGR
VCV
6.50%
ICLO
N/A
VCV vs ICLO - Historical Returns
Returns include dividend reinvestment.
1M
VCV
+0.12%
Winner
ICLO
+0.33%
3M
Winner
VCV
+2.59%
ICLO
+1.31%
6M
VCV
-0.38%
Winner
ICLO
+2.41%
1Y
Winner
VCV
+14.29%
ICLO
+5.13%
5Y(CAGR)
VCV
+0.10%
ICLO
N/A
10Y(CAGR)
VCV
+2.30%
ICLO
N/A
Max(CAGR)
VCV
+5.16%
Winner
ICLO
+6.72%
VCV vs ICLO - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VCV | ICLO |
|---|---|---|
| 2026 | -0.52% | +2.67% |
| 2025 | +7.58% | +5.23% |
| 2024 | +18.51% | +6.97% |
| 2023 | +6.44% | +8.81% |
| 2022 | -28.13% | +0.38% |
| 2021 | +10.23% | N/A |
| 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 ICLO Drawdown Comparison
The maximum drawdown for VCV was -58.93%, occurring on Dec 15, 2008. Recovery took 829 trading sessions.
The maximum drawdown for ICLO was -3.47%, occurring on Apr 4, 2025. Recovery took 37 trading sessions.
The current VCV drawdown is -2.96%. The current ICLO drawdown is -0.01%.
| Rank | VCV | ICLO |
|---|---|---|
| #1 | -58.93% May 11, 2007 - Aug 25, 2010 | -3.47% Mar 3, 2025 - Apr 24, 2025 |
| #2 | -38.54% Nov 12, 2021 - Feb 27, 2026 | -0.83% Feb 23, 2023 - Apr 12, 2023 |
| #3 | -31.73% Feb 21, 2020 - Dec 18, 2020 | -0.62% Aug 1, 2024 - Aug 16, 2024 |
| #4 | -21.75% Aug 17, 2012 - Dec 2, 2014 | -0.35% Jul 29, 2025 - Aug 7, 2025 |
| #5 | -18.38% Sep 8, 2010 - Oct 31, 2011 | -0.35% Aug 19, 2024 - Sep 4, 2024 |
| #6 | -18.02% Jul 8, 2016 - Jun 20, 2019 | -0.31% Aug 18, 2025 - Aug 27, 2025 |
| #7 | -17.84% Mar 17, 2004 - Jul 29, 2005 | -0.29% Feb 27, 2026 - Mar 23, 2026 |
| #8 | -10.15% Mar 2, 2012 - May 4, 2012 | -0.27% Jun 25, 2025 - Jul 1, 2025 |
| #9 | -8.93% Nov 8, 1999 - Apr 6, 2000 | -0.27% Jun 11, 2026 - Jun 29, 2026 |
| #10 | -8.45% Sep 3, 2019 - Feb 6, 2020 | -0.23% Oct 13, 2023 - Nov 2, 2023 |
| #11 | -8.29% Feb 27, 2026 - Apr 6, 2026 | -0.21% Apr 9, 2024 - Apr 12, 2024 |
| #12 | -8.25% Feb 2, 2015 - Oct 30, 2015 | -0.21% Jul 16, 2025 - Jul 22, 2025 |
| #13 | -8.00% Apr 11, 2000 - Jun 20, 2000 | -0.20% Apr 25, 2025 - May 2, 2025 |
| #14 | -7.94% Sep 15, 2021 - Nov 8, 2021 | -0.19% Oct 3, 2023 - Oct 13, 2023 |
| #15 | -7.93% Feb 15, 2001 - Jul 24, 2001 | -0.19% Dec 19, 2025 - Dec 29, 2025 |
Correlation
Correlation between VCV and ICLO is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2000 - 2026)
VCV vs ICLO dividend yield comparison.
| Year | VCV | ICLO |
|---|---|---|
| 2026 | 4.24% | 2.71% |
| 2025 | 6.96% | 5.49% |
| 2024 | 5.76% | 6.51% |
| 2023 | 4.16% | 7.01% |
| 2022 | 5.46% | 0.00% |
| 2021 | 4.09% | 0.00% |
| 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% |
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