VKI vs SDS

Comparison between Invesco Advantage Municipal Income Trust II (VKI, ETF) and ProShares UltraShort S&P500 -2x Shares (SDS, ETF).

5-Year PerformanceVKI has outperformed SDS, delivering a return of +0.4% compared to -20.7%

VKI vs SDS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VKI(ETF)	SDS(ETF)
Net Assets	$397M	$398M
Max Drawdown	61.69%	99.89%
Sharpe Ratio	1.16	-1.27
5Y Beta	0.24	-1.92
5Y Dividends CAGR	3.39%	22.27%

Net Assets

VKI

$397M

Winner

SDS

$398M

Max Drawdown

Winner

VKI

61.69%

SDS

99.89%

Sharpe Ratio

Winner

VKI

1.16

SDS

-1.27

5Y Beta

VKI

0.24

Winner

SDS

-1.92

5Y Dividends CAGR

VKI

3.39%

Winner

SDS

22.27%

VKI vs SDS - Historical Returns

Returns include dividend reinvestment.

Period	VKI	SDS
1 month	-1.48%	-0.50%
3 months	+3.68%	-10.66%
6 months	+3.49%	-15.07%
1 year	+19.22%	-26.57%
5 years(CAGR)	+0.38%	-20.67%
10 years(CAGR)	+2.02%	-27.05%
Max(CAGR)	+5.68%	-25.06%

VKI

-1.48%

Winner

SDS

-0.50%

Winner

VKI

+3.68%

SDS

-10.66%

Winner

VKI

+3.49%

SDS

-15.07%

Winner

VKI

+19.22%

SDS

-26.57%

5Y(CAGR)

Winner

VKI

+0.38%

SDS

-20.67%

10Y(CAGR)

Winner

VKI

+2.02%

SDS

-27.05%

Max(CAGR)

Winner

VKI

+5.68%

SDS

-25.06%

VKI vs SDS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VKI	SDS
2026	+3.67%	-15.42%
2025	+11.28%	-27.18%
2024	+9.30%	-30.24%
2023	+2.46%	-32.17%
2022	-25.96%	+32.17%
2021	+12.89%	-44.54%
2020	+7.07%	-48.99%
2019	+16.75%	-41.12%
2018	-7.66%	+7.54%
2017	+8.11%	-30.97%
2016	+0.82%	-26.29%
2015	+8.01%	-9.61%
2014	+18.32%	-27.06%
2013	-15.90%	-42.30%
2012	+13.08%	-27.66%
2011	+18.94%	-17.21%
2010	+6.29%	-29.93%
2009	+55.49%	-47.35%
2008	-34.85%	+57.43%
2007	-6.41%	-4.12%
2006	+6.04%	-19.87%
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 SDS Drawdown Comparison

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

The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current VKI drawdown is -5.54%. The current SDS drawdown is -99.85%.

Rank	VKI	SDS
#1	-52.11% Feb 12, 2008 - Sep 18, 2009	-99.85% Mar 9, 2009 - Jun 2, 2026
#2	-38.33% Sep 15, 2021 - Oct 25, 2023	-41.04% Nov 20, 2008 - Mar 5, 2009
#3	-25.25% Feb 25, 2020 - Nov 24, 2020	-33.06% Jul 17, 2006 - Jul 11, 2008
#4	-24.20% Oct 26, 2012 - Jan 30, 2015	-31.02% Oct 27, 2008 - Nov 20, 2008
#5	-19.70% Aug 10, 2016 - Jul 31, 2019	-22.44% Oct 10, 2008 - Oct 27, 2008
#6	-19.36% Mar 24, 2004 - Jan 11, 2006	-14.92% Jul 15, 2008 - Sep 17, 2008
#7	-17.56% Aug 17, 2010 - Aug 31, 2011	-13.57% Sep 17, 2008 - Sep 29, 2008
#8	-14.35% Apr 25, 2007 - Jan 24, 2008	-8.50% Sep 29, 2008 - Oct 3, 2008
#9	-12.14% Jun 10, 2003 - Nov 26, 2003	-0.43% Mar 5, 2009 - Mar 9, 2009
#10	-11.03% Feb 4, 2000 - Jul 5, 2000	N/A
#11	-10.96% Oct 6, 2009 - Feb 12, 2010	N/A
#12	-10.92% Nov 16, 1999 - Feb 3, 2000	N/A
#13	-8.78% Feb 2, 2015 - Dec 1, 2015	N/A
#14	-8.01% Oct 7, 2002 - Jan 30, 2003	N/A
#15	-7.88% Jan 27, 2006 - Oct 30, 2006	N/A

Correlation

Correlation between VKI and SDS is -0.85 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.85

-101

Dividend Comparison (1999 - 2026)

VKI vs SDS dividend yield comparison.

Year	VKI	SDS
2026	4.33%	1.81%
2025	7.36%	5.88%
2024	6.43%	7.89%
2023	4.61%	5.77%
2022	6.04%	0.35%
2021	4.77%	0.00%
2020	4.72%	0.92%
2019	4.91%	1.84%
2018	6.25%	1.28%
2017	5.77%	0.09%
2016	6.61%	0.00%
2015	6.62%	0.00%
2014	6.62%	0.00%
2013	7.61%	0.00%
2012	6.65%	0.00%
2011	7.03%	0.00%
2010	7.72%	0.00%
2009	6.87%	0.00%
2008	9.76%	22.43%
2007	5.72%	3.30%
2006	5.16%	1.24%
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%