VGM vs ETO

Comparison between Invesco Trust for Investment Grade Municipals (VGM, ETF) and Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund (ETO, ETF).

5-Year PerformanceETO has outperformed VGM, delivering a return of +8.6% compared to -0.2%

VGM vs ETO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGM(ETF)	ETO(ETF)
Net Assets	$562M	$561M
Max Drawdown	56.97%	75.20%
Sharpe Ratio	1.09	1.23
5Y Beta	0.21	0.84
5Y Dividends CAGR	4.04%	5.67%

Net Assets

Winner

VGM

$562M

ETO

$561M

Max Drawdown

Winner

VGM

56.97%

ETO

75.20%

Sharpe Ratio

VGM

1.09

Winner

ETO

1.23

5Y Beta

Winner

VGM

0.21

ETO

0.84

5Y Dividends CAGR

VGM

4.04%

Winner

ETO

5.67%

VGM vs ETO - Historical Returns

Returns include dividend reinvestment.

Period	VGM	ETO
1 month	-1.02%	+2.08%
3 months	+0.81%	+11.06%
6 months	+2.69%	+9.96%
1 year	+15.92%	+22.43%
5 years(CAGR)	-0.23%	+8.61%
10 years(CAGR)	+2.13%	+12.69%
Max(CAGR)	+5.28%	+10.53%

VGM

-1.02%

Winner

ETO

+2.08%

VGM

+0.81%

Winner

ETO

+11.06%

VGM

+2.69%

Winner

ETO

+9.96%

VGM

+15.92%

Winner

ETO

+22.43%

5Y(CAGR)

VGM

-0.23%

Winner

ETO

+8.61%

10Y(CAGR)

VGM

+2.13%

Winner

ETO

+12.69%

Max(CAGR)

VGM

+5.28%

Winner

ETO

+10.53%

VGM vs ETO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VGM	ETO
2026	+1.07%	+6.79%
2025	+10.26%	+30.49%
2024	+9.33%	+16.89%
2023	+4.12%	+21.38%
2022	-24.02%	-30.30%
2021	+11.38%	+38.76%
2020	+7.57%	+5.60%
2019	+15.89%	+48.13%
2018	-7.78%	-18.67%
2017	+9.59%	+33.20%
2016	+0.84%	+9.91%
2015	+6.74%	-3.13%
2014	+16.53%	+13.76%
2013	-16.11%	+30.52%
2012	+9.31%	+24.01%
2011	+21.70%	-12.34%
2010	+3.53%	+11.90%
2009	+55.64%	+40.57%
2008	-32.30%	-52.19%
2007	-6.33%	+19.59%
2006	+11.93%	+33.45%
2005	+4.42%	+31.87%
2004	+1.63%	+6.89%
2003	+7.57%	N/A
2002	+16.03%	N/A
2001	+8.58%	N/A
2000	+10.93%	N/A
1999	-6.34%	N/A

VGM vs ETO Drawdown Comparison

The maximum drawdown for VGM was -49.32%, occurring on Dec 16, 2008. Recovery took 581 trading sessions.

The maximum drawdown for ETO was -71.95%, occurring on Mar 9, 2009. Recovery took 1384 trading sessions.

The current VGM drawdown is -5.29%. The current ETO drawdown is -1.38%.

Rank	VGM	ETO
#1	-49.32% May 16, 2007 - Sep 3, 2009	-71.95% Oct 31, 2007 - May 2, 2013
#2	-36.59% Sep 22, 2021 - Oct 25, 2023	-51.93% Feb 20, 2020 - Dec 16, 2020
#3	-24.75% Feb 11, 2020 - Nov 30, 2020	-35.40% Nov 11, 2021 - Dec 4, 2024
#4	-23.11% Jan 25, 2013 - Feb 2, 2015	-29.75% Aug 28, 2018 - Mar 21, 2019
#5	-17.26% Nov 5, 2010 - Sep 7, 2011	-24.20% Apr 22, 2015 - Aug 23, 2016
#6	-15.75% Mar 11, 2004 - Aug 25, 2005	-23.75% Jul 12, 2007 - Oct 5, 2007
#7	-15.16% Jul 8, 2016 - Jun 28, 2019	-18.24% Feb 20, 2025 - May 13, 2025
#8	-12.53% Nov 5, 1999 - Aug 21, 2000	-16.44% May 21, 2013 - Nov 15, 2013
#9	-10.76% Oct 6, 2009 - Mar 8, 2010	-15.27% Feb 25, 2026 - May 6, 2026
#10	-10.20% Jun 16, 2003 - Jan 14, 2004	-14.73% Jun 1, 2004 - Nov 16, 2004
#11	-9.87% Sep 30, 2002 - Apr 10, 2003	-13.96% Jul 23, 2014 - Nov 6, 2014
#12	-7.48% Feb 2, 2015 - Nov 23, 2015	-13.70% May 10, 2006 - Aug 9, 2006
#13	-7.01% Nov 13, 2001 - Jan 18, 2002	-11.74% Dec 29, 2006 - Apr 3, 2007
#14	-6.40% Sep 27, 2012 - Jan 25, 2013	-11.38% Jan 24, 2018 - Aug 7, 2018
#15	-6.33% Aug 21, 2000 - Dec 28, 2000	-11.20% Sep 13, 2021 - Nov 11, 2021

Correlation

Correlation between VGM and ETO is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2000 - 2026)

VGM vs ETO dividend yield comparison.

Year	VGM	ETO
2026	3.16%	2.83%
2025	7.48%	6.85%
2024	6.35%	7.81%
2023	4.42%	6.97%
2022	5.67%	9.87%
2021	4.65%	5.82%
2020	4.65%	7.36%
2019	4.82%	8.32%
2018	5.97%	11.51%
2017	5.79%	8.50%
2016	6.50%	9.51%
2015	6.62%	9.29%
2014	6.64%	12.51%
2013	7.68%	8.49%
2012	6.91%	6.48%
2011	7.05%	7.55%
2010	7.91%	6.26%
2009	6.61%	6.62%
2008	9.50%	14.74%
2007	5.80%	5.66%
2006	5.33%	5.82%
2005	7.95%	6.16%
2004	6.67%	4.31%
2003	7.36%	0.00%
2002	8.71%	0.00%
2001	7.55%	0.00%
2000	2.67%	0.00%