VGM vs IBTL

Comparison between Invesco Trust for Investment Grade Municipals (VGM, ETF) and ISHARES IBONDS DEC 2031 TERM TREASURY ETF (IBTL, ETF).

5-Year PerformanceVGM has outperformed IBTL, delivering a return of -0.2% compared to -1.5%

VGM vs IBTL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGM(ETF)	IBTL(ETF)
Net Assets	$562M	$562M
Expense Ratio	N/A	0.07%
Max Drawdown	56.97%	24.74%
Sharpe Ratio	1.09	0.13
5Y Beta	0.21	-0.02
5Y Dividends CAGR	4.04%	N/A

Net Assets

VGM

$562M

Winner

IBTL

$562M

Expense Ratio

VGM

N/A

IBTL

0.07%

Max Drawdown

VGM

56.97%

Winner

IBTL

24.74%

Sharpe Ratio

Winner

VGM

1.09

IBTL

0.13

5Y Beta

VGM

0.21

Winner

IBTL

-0.02

5Y Dividends CAGR

VGM

4.04%

IBTL

N/A

VGM vs IBTL - Historical Returns

Returns include dividend reinvestment.

Period	VGM	IBTL
1 month	-1.02%	-0.01%
3 months	+0.81%	-0.49%
6 months	+2.69%	-0.06%
1 year	+15.92%	+3.28%
5 years(CAGR)	-0.23%	-1.51%
10 years(CAGR)	+2.13%	N/A
Max(CAGR)	+5.28%	-1.51%

VGM

-1.02%

Winner

IBTL

-0.01%

Winner

VGM

+0.81%

IBTL

-0.49%

Winner

VGM

+2.69%

IBTL

-0.06%

Winner

VGM

+15.92%

IBTL

+3.28%

5Y(CAGR)

Winner

VGM

-0.23%

IBTL

-1.51%

10Y(CAGR)

VGM

+2.13%

IBTL

N/A

Max(CAGR)

Winner

VGM

+5.28%

IBTL

-1.51%

VGM vs IBTL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VGM	IBTL
2026	+1.07%	-0.32%
2025	+10.26%	+7.90%
2024	+9.33%	+0.67%
2023	+4.12%	+2.84%
2022	-24.02%	-15.60%
2021	+11.38%	-1.38%
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 IBTL Drawdown Comparison

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

The maximum drawdown for IBTL was -20.93%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current VGM drawdown is -5.29%. The current IBTL drawdown is -7.17%.

Rank	VGM	IBTL
#1	-49.32% May 16, 2007 - Sep 3, 2009	-20.93% Sep 1, 2021 - Oct 19, 2023
#2	-36.59% Sep 22, 2021 - Oct 25, 2023	N/A
#3	-24.75% Feb 11, 2020 - Nov 30, 2020	N/A
#4	-23.11% Jan 25, 2013 - Feb 2, 2015	N/A
#5	-17.26% Nov 5, 2010 - Sep 7, 2011	N/A
#6	-15.75% Mar 11, 2004 - Aug 25, 2005	N/A
#7	-15.16% Jul 8, 2016 - Jun 28, 2019	N/A
#8	-12.53% Nov 5, 1999 - Aug 21, 2000	N/A
#9	-10.76% Oct 6, 2009 - Mar 8, 2010	N/A
#10	-10.20% Jun 16, 2003 - Jan 14, 2004	N/A
#11	-9.87% Sep 30, 2002 - Apr 10, 2003	N/A
#12	-7.48% Feb 2, 2015 - Nov 23, 2015	N/A
#13	-7.01% Nov 13, 2001 - Jan 18, 2002	N/A
#14	-6.40% Sep 27, 2012 - Jan 25, 2013	N/A
#15	-6.33% Aug 21, 2000 - Dec 28, 2000	N/A

Correlation

Correlation between VGM and IBTL is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

VGM vs IBTL dividend yield comparison.

Year	VGM	IBTL
2026	3.16%	1.62%
2025	7.48%	3.93%
2024	6.35%	4.07%
2023	4.42%	3.04%
2022	5.67%	2.36%
2021	4.65%	0.70%
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%