VGM vs MMT

Comparison between Invesco Trust for Investment Grade Municipals (VGM, ETF) and MFS Multimarket Income Trust (MMT, ETF).

5-Year PerformanceMMT has outperformed VGM, delivering a return of +1.8% compared to +0.4%

VGM vs MMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGM(ETF)	MMT(ETF)
Net Assets	$568M	$567M
Max Drawdown	56.97%	47.46%
Sharpe Ratio	1.31	0.04
5Y Beta	0.21	0.20
5Y Dividends CAGR	3.74%	-2.76%

Net Assets

Winner

VGM

$568M

MMT

$567M

Max Drawdown

VGM

56.97%

Winner

MMT

47.46%

Sharpe Ratio

Winner

VGM

1.31

MMT

0.04

5Y Beta

VGM

0.21

Winner

MMT

0.20

5Y Dividends CAGR

Winner

VGM

3.74%

MMT

-2.76%

VGM vs MMT - Historical Returns

Returns include dividend reinvestment.

Period	VGM	MMT
1 month	+0.51%	-1.34%
3 months	+3.07%	-1.40%
6 months	+3.59%	-1.82%
1 year	+17.98%	+3.58%
5 years(CAGR)	+0.36%	+1.76%
10 years(CAGR)	+2.21%	+5.41%
Max(CAGR)	+5.37%	+7.13%

Winner

VGM

+0.51%

MMT

-1.34%

Winner

VGM

+3.07%

MMT

-1.40%

Winner

VGM

+3.59%

MMT

-1.82%

Winner

VGM

+17.98%

MMT

+3.58%

5Y(CAGR)

VGM

+0.36%

Winner

MMT

+1.76%

10Y(CAGR)

VGM

+2.21%

Winner

MMT

+5.41%

Max(CAGR)

VGM

+5.37%

Winner

MMT

+7.13%

VGM vs MMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VGM	MMT
2026	+3.83%	-0.27%
2025	+10.26%	+8.77%
2024	+9.33%	+11.92%
2023	+4.12%	+8.43%
2022	-24.02%	-23.19%
2021	+11.38%	+12.74%
2020	+7.57%	+7.95%
2019	+15.89%	+27.56%
2018	-7.78%	-8.90%
2017	+9.59%	+8.94%
2016	+0.84%	+21.48%
2015	+6.74%	-7.81%
2014	+16.53%	+6.24%
2013	-16.11%	-1.77%
2012	+9.31%	+14.21%
2011	+21.70%	+4.59%
2010	+3.53%	+15.86%
2009	+55.64%	+40.61%
2008	-32.30%	-10.52%
2007	-6.33%	+1.88%
2006	+11.93%	+7.10%
2005	+4.42%	+0.99%
2004	+1.63%	+6.72%
2003	+7.57%	+14.85%
2002	+16.03%	+5.64%
2001	+8.58%	+2.57%
2000	+10.93%	+22.97%
1999	-6.34%	-6.76%

VGM vs MMT Drawdown Comparison

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

The maximum drawdown for MMT was -35.71%, occurring on Mar 18, 2020. Recovery took 154 trading sessions.

The current VGM drawdown is -2.70%. The current MMT drawdown is -4.08%.

Rank	VGM	MMT
#1	-49.32% May 16, 2007 - Sep 3, 2009	-35.71% Jan 23, 2020 - Sep 1, 2020
#2	-36.59% Sep 22, 2021 - Oct 25, 2023	-32.27% Dec 17, 2021 - Sep 3, 2025
#3	-24.75% Feb 11, 2020 - Nov 30, 2020	-31.74% May 9, 2008 - Apr 29, 2009
#4	-23.11% Jan 25, 2013 - Feb 2, 2015	-16.73% May 1, 2013 - Jun 1, 2015
#5	-17.26% Nov 5, 2010 - Sep 7, 2011	-14.72% Jul 17, 2001 - Apr 24, 2002
#6	-15.75% Mar 11, 2004 - Aug 25, 2005	-13.23% Jun 1, 2015 - May 25, 2016
#7	-15.16% Jul 8, 2016 - Jun 28, 2019	-11.47% Mar 17, 2004 - Sep 15, 2004
#8	-12.53% Nov 5, 1999 - Aug 21, 2000	-11.27% Jul 11, 2011 - Dec 5, 2011
#9	-10.76% Oct 6, 2009 - Mar 8, 2010	-10.50% Jan 2, 2018 - Jan 30, 2019
#10	-10.20% Jun 16, 2003 - Jan 14, 2004	-8.72% Jun 6, 2002 - Jan 9, 2003
#11	-9.87% Sep 30, 2002 - Apr 10, 2003	-8.52% May 3, 2010 - Jul 16, 2010
#12	-7.48% Feb 2, 2015 - Nov 23, 2015	-7.69% Sep 8, 2016 - Jan 10, 2017
#13	-7.01% Nov 13, 2001 - Jan 18, 2002	-7.68% Nov 2, 1999 - Feb 3, 2000
#14	-6.40% Sep 27, 2012 - Jan 25, 2013	-7.62% Aug 22, 2000 - Dec 18, 2000
#15	-6.33% Aug 21, 2000 - Dec 28, 2000	-7.62% Sep 27, 2005 - Oct 4, 2006

Correlation

Correlation between VGM and MMT is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

VGM vs MMT dividend yield comparison.

Year	VGM	MMT
2026	4.36%	4.51%
2025	7.48%	8.65%
2024	6.35%	8.65%
2023	4.42%	8.65%
2022	5.67%	9.38%
2021	4.65%	7.86%
2020	4.65%	8.07%
2019	4.82%	8.16%
2018	5.97%	9.86%
2017	5.79%	8.82%
2016	6.50%	8.71%
2015	6.62%	9.05%
2014	6.64%	7.76%
2013	7.68%	8.89%
2012	6.91%	6.77%
2011	7.05%	7.91%
2010	7.91%	8.70%
2009	6.61%	7.35%
2008	9.50%	8.86%
2007	5.80%	6.45%
2006	5.33%	6.11%
2005	7.95%	6.45%
2004	6.67%	6.19%
2003	7.36%	6.33%
2002	8.71%	7.06%
2001	7.55%	8.76%
2000	2.67%	9.66%
1999	0.00%	1.82%