VKI vs CEMB

Comparison between Invesco Advantage Municipal Income Trust II (VKI, ETF) and ISHARES J.P. MORGAN EM CORPORATE BOND ETF (CEMB, ETF).

5-Year PerformanceCEMB has outperformed VKI, delivering a return of +1.9% compared to +0.4%

VKI vs CEMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VKI(ETF)	CEMB(ETF)
Net Assets	$397M	$397M
Expense Ratio	N/A	0.50%
Max Drawdown	61.69%	25.91%
Sharpe Ratio	1.16	0.51
5Y Beta	0.24	0.13
5Y Dividends CAGR	3.39%	4.82%

Net Assets

VKI

$397M

CEMB

$397M

Expense Ratio

VKI

N/A

CEMB

0.50%

Max Drawdown

VKI

61.69%

Winner

CEMB

25.91%

Sharpe Ratio

Winner

VKI

1.16

CEMB

0.51

5Y Beta

VKI

0.24

Winner

CEMB

0.13

5Y Dividends CAGR

VKI

3.39%

Winner

CEMB

4.82%

VKI vs CEMB - Historical Returns

Returns include dividend reinvestment.

Period	VKI	CEMB
1 month	-1.48%	-0.17%
3 months	+3.68%	+0.32%
6 months	+3.49%	+1.04%
1 year	+19.22%	+5.26%
5 years(CAGR)	+0.38%	+1.87%
10 years(CAGR)	+2.02%	+3.35%
Max(CAGR)	+5.68%	+3.64%

VKI

-1.48%

Winner

CEMB

-0.17%

Winner

VKI

+3.68%

CEMB

+0.32%

Winner

VKI

+3.49%

CEMB

+1.04%

Winner

VKI

+19.22%

CEMB

+5.26%

5Y(CAGR)

VKI

+0.38%

Winner

CEMB

+1.87%

10Y(CAGR)

VKI

+2.02%

Winner

CEMB

+3.35%

Max(CAGR)

Winner

VKI

+5.68%

CEMB

+3.64%

VKI vs CEMB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VKI	CEMB
2026	+3.67%	+1.55%
2025	+11.28%	+8.77%
2024	+9.30%	+6.15%
2023	+2.46%	+8.26%
2022	-25.96%	-12.21%
2021	+12.89%	-0.61%
2020	+7.07%	+6.46%
2019	+16.75%	+13.74%
2018	-7.66%	-3.04%
2017	+8.11%	+6.77%
2016	+0.82%	+10.83%
2015	+8.01%	-1.70%
2014	+18.32%	+0.11%
2013	-15.90%	-5.29%
2012	+13.08%	+9.22%
2011	+18.94%	N/A
2010	+6.29%	N/A
2009	+55.49%	N/A
2008	-34.85%	N/A
2007	-6.41%	N/A
2006	+6.04%	N/A
2005	+7.40%	N/A
2004	-6.40%	N/A
2003	+12.27%	N/A
2002	+21.72%	N/A
2001	+12.53%	N/A
2000	+16.25%	N/A
1999	-3.32%	N/A

VKI vs CEMB Drawdown Comparison

The maximum drawdown for VKI was -52.11%, occurring on Dec 15, 2008. Recovery took 404 trading sessions.

The maximum drawdown for CEMB was -20.84%, occurring on Mar 19, 2020. Recovery took 114 trading sessions.

The current VKI drawdown is -5.54%. The current CEMB drawdown is -0.39%.

Rank	VKI	CEMB
#1	-52.11% Feb 12, 2008 - Sep 18, 2009	-20.84% Feb 21, 2020 - Aug 4, 2020
#2	-38.33% Sep 15, 2021 - Oct 25, 2023	-20.49% Sep 13, 2021 - Sep 27, 2024
#3	-25.25% Feb 25, 2020 - Nov 24, 2020	-11.84% May 2, 2013 - Jun 2, 2014
#4	-24.20% Oct 26, 2012 - Jan 30, 2015	-9.58% May 11, 2015 - Apr 4, 2016
#5	-19.70% Aug 10, 2016 - Jul 31, 2019	-7.73% Jul 10, 2014 - Apr 24, 2015
#6	-19.36% Mar 24, 2004 - Jan 11, 2006	-5.60% Jan 11, 2018 - Feb 4, 2019
#7	-17.56% Aug 17, 2010 - Aug 31, 2011	-4.05% Oct 25, 2016 - Jan 9, 2017
#8	-14.35% Apr 25, 2007 - Jan 24, 2008	-3.10% Feb 28, 2025 - May 29, 2025
#9	-12.14% Jun 10, 2003 - Nov 26, 2003	-2.88% Feb 27, 2026 - Jun 1, 2026
#10	-11.03% Feb 4, 2000 - Jul 5, 2000	-2.75% May 7, 2012 - Jun 21, 2012
#11	-10.96% Oct 6, 2009 - Feb 12, 2010	-2.49% Feb 10, 2021 - Jun 15, 2021
#12	-10.92% Nov 16, 1999 - Feb 3, 2000	-2.49% May 12, 2016 - Jul 8, 2016
#13	-8.78% Feb 2, 2015 - Dec 1, 2015	-2.29% Jan 24, 2013 - Apr 5, 2013
#14	-8.01% Oct 7, 2002 - Jan 30, 2003	-2.11% Sep 27, 2024 - Feb 24, 2025
#15	-7.88% Jan 27, 2006 - Oct 30, 2006	-2.11% Sep 11, 2012 - Oct 16, 2012

Correlation

Correlation between VKI and CEMB is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (1999 - 2026)

VKI vs CEMB dividend yield comparison.

Year	VKI	CEMB
2026	4.33%	2.61%
2025	7.36%	5.14%
2024	6.43%	5.11%
2023	4.61%	4.77%
2022	6.04%	4.29%
2021	4.77%	3.51%
2020	4.72%	3.86%
2019	4.91%	4.19%
2018	6.25%	4.66%
2017	5.77%	4.06%
2016	6.61%	4.26%
2015	6.62%	4.76%
2014	6.62%	4.23%
2013	7.61%	3.93%
2012	6.65%	2.50%
2011	7.03%	0.00%
2010	7.72%	0.00%
2009	6.87%	0.00%
2008	9.76%	0.00%
2007	5.72%	0.00%
2006	5.16%	0.00%
2005	8.51%	0.00%
2004	7.13%	0.00%
2003	6.58%	0.00%
2002	6.81%	0.00%
2001	5.21%	0.00%
2000	6.52%	0.00%
1999	1.19%	0.00%