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VCV vs SPY

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VCV, delivering a return of +13.3% compared to +0.6%

VCV vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
VCV
$495M
Winner
SPY
$735B
Expense Ratio
VCV
N/A
SPY
0.09%
Max Drawdown
VCV
63.94%
Winner
SPY
56.47%
Sharpe Ratio
VCV
0.75
Winner
SPY
1.62
5Y Beta
Winner
VCV
0.12
SPY
1.00
P/E Ratio
VCV
N/A
SPY
28.99
Forward P/E
VCV
N/A
SPY
22.37
5Y Dividends CAGR
Winner
VCV
6.81%
SPY
5.43%
5Y EPS CAGR
VCV
N/A
SPY
26.05%
Debt to Equity
VCV
N/A
SPY
32.40%
P/S Ratio
VCV
N/A
SPY
3.74
P/B Ratio
VCV
N/A
SPY
5.61

VCV vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
VCV
+1.46%
Winner
SPY
+1.90%
3M
VCV
-1.77%
Winner
SPY
+8.55%
6M
VCV
+2.84%
Winner
SPY
+8.18%
1Y
VCV
+11.72%
Winner
SPY
+25.79%
5Y(CAGR)
VCV
+0.58%
Winner
SPY
+13.32%
10Y(CAGR)
VCV
+2.46%
Winner
SPY
+15.19%
Max(CAGR)
VCV
+5.14%
Winner
SPY
+8.47%

VCV vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearVCVSPY
2026-1.62%+8.26%
2025+7.58%+18.00%
2024+18.51%+25.59%
2023+6.44%+26.72%
2022-28.13%-18.64%
2021+10.23%+30.52%
2020+7.95%+17.28%
2019+16.48%+31.09%
2018-5.26%-5.24%
2017+8.65%+20.78%
2016-3.54%+13.59%
2015+8.92%+1.31%
2014+20.40%+14.56%
2013-12.87%+29.00%
2012+12.78%+14.17%
2011+23.63%+0.85%
2010+1.94%+13.14%
2009+55.43%+22.67%
2008-45.40%-36.25%
2007+1.50%+5.32%
2006+11.44%+13.85%
2005+7.67%+5.32%
2004-6.37%+10.75%
2003+14.77%+24.18%
2002+10.83%-22.42%
2001+8.40%-10.13%
2000+10.38%-8.84%
1999-0.87%+8.61%

VCV vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current VCV drawdown is -4.03%. The current SPY drawdown is -2.90%.

RankVCVSPY
#1-58.93%
May 11, 2007 - Aug 25, 2010		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-38.54%
Nov 12, 2021 - Feb 27, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-31.73%
Feb 21, 2020 - Dec 18, 2020		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-21.75%
Aug 17, 2012 - Dec 2, 2014		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-18.38%
Sep 8, 2010 - Oct 31, 2011		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-18.02%
Jul 8, 2016 - Jun 20, 2019		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-17.84%
Mar 17, 2004 - Jul 29, 2005		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-10.15%
Mar 2, 2012 - May 4, 2012		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-8.93%
Nov 8, 1999 - Apr 6, 2000		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-8.45%
Sep 3, 2019 - Feb 6, 2020		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-8.29%
Feb 27, 2026 - Apr 6, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-8.25%
Feb 2, 2015 - Oct 30, 2015		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-8.00%
Apr 11, 2000 - Jun 20, 2000		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-7.94%
Sep 15, 2021 - Nov 8, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-7.93%
Feb 15, 2001 - Jul 24, 2001		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VCV and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85
-101

Dividend Comparison (1999 - 2026)

VCV vs SPY dividend yield comparison.

YearVCVSPY
20263.03%0.24%
20256.96%1.07%
20245.76%1.21%
20234.16%1.40%
20225.46%1.65%
20214.09%1.20%
20204.07%1.52%
20194.43%1.75%
20185.46%2.04%
20175.10%1.80%
20165.86%2.03%
20155.98%2.06%
20146.16%1.87%
20136.95%1.81%
20126.42%2.18%
20117.09%2.05%
20108.09%1.80%
20097.46%1.95%
200811.06%3.02%
20075.32%1.85%
20065.55%1.73%
20057.45%1.73%
20047.40%1.82%
20038.70%1.47%
20026.74%1.70%
20015.92%1.25%
20002.37%1.15%
19990.00%0.24%

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