VCV vs VFQY

Comparison between Invesco California Value Municipal Income Trust (VCV, ETF) and VANGUARD U.S. QUALITY FACTOR ETF ETF SHARES (VFQY, ETF).

5-Year PerformanceVFQY has outperformed VCV, delivering a return of +9.1% compared to -0.1%

VCV vs VFQY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VCV(ETF)	VFQY(ETF)
Net Assets	$483M	$485M
Expense Ratio	N/A	0.13%
Max Drawdown	63.94%	37.66%
Sharpe Ratio	0.63	1.18
5Y Beta	0.12	0.90
P/E Ratio	N/A	29.21
Forward P/E	N/A	17.75
5Y Dividends CAGR	8.06%	7.50%
5Y EPS CAGR	N/A	19.00%
Debt to Equity	N/A	48.93%
P/S Ratio	N/A	1.82
P/B Ratio	N/A	4.04

Net Assets

VCV

$483M

Winner

VFQY

$485M

Expense Ratio

VCV

N/A

VFQY

0.13%

Max Drawdown

VCV

63.94%

Winner

VFQY

37.66%

Sharpe Ratio

VCV

0.63

Winner

VFQY

1.18

5Y Beta

Winner

VCV

0.12

VFQY

0.90

P/E Ratio

VCV

N/A

VFQY

29.21

Forward P/E

VCV

N/A

VFQY

17.75

5Y Dividends CAGR

Winner

VCV

8.06%

VFQY

7.50%

5Y EPS CAGR

VCV

N/A

VFQY

19.00%

Debt to Equity

VCV

N/A

VFQY

48.93%

P/S Ratio

VCV

N/A

VFQY

1.82

P/B Ratio

VCV

N/A

VFQY

4.04

VCV vs VFQY - Historical Returns

Returns include dividend reinvestment.

Period	VCV	VFQY
1 month	+0.71%	+3.60%
3 months	+1.05%	+9.31%
6 months	-3.74%	+13.58%
1 year	+10.45%	+19.50%
5 years(CAGR)	-0.07%	+9.10%
10 years(CAGR)	+2.42%	+11.87%
Max(CAGR)	+5.11%	+11.87%

VCV

+0.71%

Winner

VFQY

+3.60%

VCV

+1.05%

Winner

VFQY

+9.31%

VCV

-3.74%

Winner

VFQY

+13.58%

VCV

+10.45%

Winner

VFQY

+19.50%

5Y(CAGR)

VCV

-0.07%

Winner

VFQY

+9.10%

10Y(CAGR)

VCV

+2.42%

Winner

VFQY

+11.87%

Max(CAGR)

VCV

+5.11%

Winner

VFQY

+11.87%

VCV vs VFQY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VCV	VFQY
2026	-1.32%	+16.33%
2025	+7.58%	+10.45%
2024	+18.51%	+13.50%
2023	+6.44%	+23.09%
2022	-28.13%	-15.77%
2021	+10.23%	+29.41%
2020	+7.95%	+16.57%
2019	+16.48%	+24.76%
2018	-5.26%	-7.84%
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 VFQY Drawdown Comparison

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

The maximum drawdown for VFQY was -37.41%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.

The current VCV drawdown is -3.74%. The current VFQY drawdown is -0.66%.

Rank	VCV	VFQY
#1	-58.93% May 11, 2007 - Aug 25, 2010	-37.41% Jan 16, 2020 - Sep 2, 2020
#2	-38.54% Nov 12, 2021 - Feb 27, 2026	-25.93% Nov 16, 2021 - Dec 14, 2023
#3	-31.73% Feb 21, 2020 - Dec 18, 2020	-23.84% Aug 29, 2018 - Dec 12, 2019
#4	-21.75% Aug 17, 2012 - Dec 2, 2014	-20.67% Dec 4, 2024 - Aug 13, 2025
#5	-18.38% Sep 8, 2010 - Oct 31, 2011	-9.35% Sep 2, 2020 - Oct 9, 2020
#6	-18.02% Jul 8, 2016 - Jun 20, 2019	-9.12% Feb 6, 2026 - May 5, 2026
#7	-17.84% Mar 17, 2004 - Jul 29, 2005	-7.85% Jul 16, 2024 - Aug 23, 2024
#8	-10.15% Mar 2, 2012 - May 4, 2012	-6.96% Oct 12, 2020 - Nov 5, 2020
#9	-8.93% Nov 8, 1999 - Apr 6, 2000	-6.84% Mar 12, 2018 - May 16, 2018
#10	-8.45% Sep 3, 2019 - Feb 6, 2020	-6.49% Mar 28, 2024 - Jul 11, 2024
#11	-8.29% Feb 27, 2026 - Apr 6, 2026	-5.80% Oct 27, 2025 - Dec 3, 2025
#12	-8.25% Feb 2, 2015 - Oct 30, 2015	-5.13% Sep 2, 2021 - Oct 21, 2021
#13	-8.00% Apr 11, 2000 - Jun 20, 2000	-4.79% Mar 15, 2021 - Apr 5, 2021
#14	-7.94% Sep 15, 2021 - Nov 8, 2021	-4.79% May 7, 2021 - Jun 7, 2021
#15	-7.93% Feb 15, 2001 - Jul 24, 2001	-4.77% Aug 23, 2024 - Sep 19, 2024

Correlation

Correlation between VCV and VFQY is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.62

-101

Dividend Comparison (2000 - 2026)

VCV vs VFQY dividend yield comparison.

Year	VCV	VFQY
2026	4.92%	0.50%
2025	6.96%	1.17%
2024	5.76%	1.34%
2023	4.16%	1.38%
2022	5.46%	1.43%
2021	4.09%	0.98%
2020	4.07%	1.22%
2019	4.43%	1.34%
2018	5.46%	1.31%
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%