VGM vs HYBL

Comparison between Invesco Trust for Investment Grade Municipals (VGM, ETF) and STATE STREET(R) BLACKSTONE HIGH INCOME ETF (HYBL, ETF).

VGM vs HYBL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGM(ETF)	HYBL(ETF)
Net Assets	$568M	$569M
Expense Ratio	N/A	0.70%
Max Drawdown	56.97%	11.06%
Sharpe Ratio	1.04	0.31
5Y Beta	0.21	0.18
5Y Dividends CAGR	3.74%	N/A

Net Assets

VGM

$568M

Winner

HYBL

$569M

Expense Ratio

VGM

N/A

HYBL

0.70%

Max Drawdown

VGM

56.97%

Winner

HYBL

11.06%

Sharpe Ratio

Winner

VGM

1.04

HYBL

0.31

5Y Beta

VGM

0.21

Winner

HYBL

0.18

5Y Dividends CAGR

VGM

3.74%

HYBL

N/A

VGM vs HYBL - Historical Returns

Returns include dividend reinvestment.

Period	VGM	HYBL
1 month	-1.91%	+0.09%
3 months	+2.08%	+0.84%
6 months	+2.98%	+0.92%
1 year	+15.96%	+4.55%
5 years(CAGR)	-0.10%	+5.56%
10 years(CAGR)	+1.98%	N/A
Max(CAGR)	+5.28%	+5.56%

VGM

-1.91%

Winner

HYBL

+0.09%

Winner

VGM

+2.08%

HYBL

+0.84%

Winner

VGM

+2.98%

HYBL

+0.92%

Winner

VGM

+15.96%

HYBL

+4.55%

5Y(CAGR)

VGM

-0.10%

Winner

HYBL

+5.56%

10Y(CAGR)

VGM

+1.98%

HYBL

N/A

Max(CAGR)

VGM

+5.28%

Winner

HYBL

+5.56%

VGM vs HYBL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VGM	HYBL
2026	+1.63%	+1.31%
2025	+10.26%	+7.54%
2024	+9.33%	+9.55%
2023	+4.12%	+11.59%
2022	-24.02%	-4.72%
2021	+11.38%	N/A
2020	+7.57%	N/A
2019	+15.89%	N/A
2018	-7.78%	N/A
2017	+9.59%	N/A
2016	+0.84%	N/A
2015	+6.74%	N/A
2014	+16.53%	N/A
2013	-16.11%	N/A
2012	+9.31%	N/A
2011	+21.70%	N/A
2010	+3.53%	N/A
2009	+55.64%	N/A
2008	-32.30%	N/A
2007	-6.33%	N/A
2006	+11.93%	N/A
2005	+4.42%	N/A
2004	+1.63%	N/A
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 HYBL Drawdown Comparison

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

The maximum drawdown for HYBL was -8.46%, occurring on Sep 29, 2022. Recovery took 340 trading sessions.

The current VGM drawdown is -4.77%. The current HYBL drawdown is -0.29%.

Rank	VGM	HYBL
#1	-49.32% May 16, 2007 - Sep 3, 2009	-8.46% Mar 2, 2022 - Jul 11, 2023
#2	-36.59% Sep 22, 2021 - Oct 25, 2023	-4.32% Feb 19, 2025 - May 12, 2025
#3	-24.75% Feb 11, 2020 - Nov 30, 2020	-2.41% Jan 8, 2026 - Apr 22, 2026
#4	-23.11% Jan 25, 2013 - Feb 2, 2015	-1.90% Sep 14, 2023 - Nov 3, 2023
#5	-17.26% Nov 5, 2010 - Sep 7, 2011	-1.24% Jul 31, 2024 - Aug 14, 2024
#6	-15.75% Mar 11, 2004 - Aug 25, 2005	-1.03% Apr 9, 2024 - May 3, 2024
#7	-15.16% Jul 8, 2016 - Jun 28, 2019	-0.86% Sep 29, 2025 - Oct 24, 2025
#8	-12.53% Nov 5, 1999 - Aug 21, 2000	-0.79% Jul 31, 2023 - Aug 23, 2023
#9	-10.76% Oct 6, 2009 - Mar 8, 2010	-0.71% May 11, 2026 - May 29, 2026
#10	-10.20% Jun 16, 2003 - Jan 14, 2004	-0.69% Dec 27, 2023 - Jan 11, 2024
#11	-9.87% Sep 30, 2002 - Apr 10, 2003	-0.67% May 16, 2024 - Jun 6, 2024
#12	-7.48% Feb 2, 2015 - Nov 23, 2015	-0.64% Dec 11, 2024 - Jan 3, 2025
#13	-7.01% Nov 13, 2001 - Jan 18, 2002	-0.61% Nov 11, 2025 - Nov 25, 2025
#14	-6.40% Sep 27, 2012 - Jan 25, 2013	-0.56% Jul 13, 2023 - Jul 31, 2023
#15	-6.33% Aug 21, 2000 - Dec 28, 2000	-0.55% Feb 1, 2024 - Feb 22, 2024

Correlation

Correlation between VGM and HYBL is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2000 - 2026)

VGM vs HYBL dividend yield comparison.

Year	VGM	HYBL
2026	4.46%	3.40%
2025	7.48%	7.22%
2024	6.35%	7.88%
2023	4.42%	7.93%
2022	5.67%	5.10%
2021	4.65%	0.00%
2020	4.65%	0.00%
2019	4.82%	0.00%
2018	5.97%	0.00%
2017	5.79%	0.00%
2016	6.50%	0.00%
2015	6.62%	0.00%
2014	6.64%	0.00%
2013	7.68%	0.00%
2012	6.91%	0.00%
2011	7.05%	0.00%
2010	7.91%	0.00%
2009	6.61%	0.00%
2008	9.50%	0.00%
2007	5.80%	0.00%
2006	5.33%	0.00%
2005	7.95%	0.00%
2004	6.67%	0.00%
2003	7.36%	0.00%
2002	8.71%	0.00%
2001	7.55%	0.00%
2000	2.67%	0.00%