VMO vs NML

Comparison between Invesco Municipal Opportunity Trust (VMO, ETF) and Neuberger Berman Energy Infrastructure and Income Fund Inc (NML, ETF).

5-Year PerformanceNML has outperformed VMO, delivering a return of +23.7% compared to -1.1%

VMO vs NML - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VMO(ETF)	NML(ETF)
Net Assets	$673M	$671M
Max Drawdown	59.97%	94.21%
Sharpe Ratio	1.17	1.32
5Y Beta	0.19	0.56
5Y Dividends CAGR	3.83%	36.46%

Net Assets

Winner

VMO

$673M

NML

$671M

Max Drawdown

Winner

VMO

59.97%

NML

94.21%

Sharpe Ratio

VMO

1.17

Winner

NML

1.32

5Y Beta

Winner

VMO

0.19

NML

0.56

5Y Dividends CAGR

VMO

3.83%

Winner

NML

36.46%

VMO vs NML - Historical Returns

Returns include dividend reinvestment.

Period	VMO	NML
1 month	+0.23%	-2.32%
3 months	-0.53%	+1.08%
6 months	+4.46%	+20.43%
1 year	+14.68%	+27.20%
5 years(CAGR)	-1.09%	+23.72%
10 years(CAGR)	+1.75%	+9.97%
Max(CAGR)	+5.25%	+2.50%

Winner

VMO

+0.23%

NML

-2.32%

VMO

-0.53%

Winner

NML

+1.08%

VMO

+4.46%

Winner

NML

+20.43%

VMO

+14.68%

Winner

NML

+27.20%

5Y(CAGR)

VMO

-1.09%

Winner

NML

+23.72%

10Y(CAGR)

VMO

+1.75%

Winner

NML

+9.97%

Max(CAGR)

Winner

VMO

+5.25%

NML

+2.50%

VMO vs NML - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VMO	NML
2026	+4.00%	+22.11%
2025	+5.81%	+3.66%
2024	+7.97%	+40.37%
2023	+2.47%	+17.73%
2022	-24.59%	+30.79%
2021	+12.34%	+59.38%
2020	+8.49%	-46.35%
2019	+13.99%	+9.79%
2018	-4.38%	-25.16%
2017	+2.74%	+5.97%
2016	+2.27%	+24.35%
2015	+9.28%	-50.36%
2014	+16.12%	-0.77%
2013	-15.83%	-0.94%
2012	+7.92%	N/A
2011	+21.08%	N/A
2010	+4.57%	N/A
2009	+45.00%	N/A
2008	-28.05%	N/A
2007	-3.14%	N/A
2006	+12.22%	N/A
2005	+7.50%	N/A
2004	-5.69%	N/A
2003	+13.75%	N/A
2002	+13.87%	N/A
2001	+13.09%	N/A
2000	+13.93%	N/A
1999	-4.09%	N/A

VMO vs NML Drawdown Comparison

The maximum drawdown for VMO was -50.02%, occurring on Dec 16, 2008. Recovery took 599 trading sessions.

The maximum drawdown for NML was -90.47%, occurring on Mar 18, 2020. Recovery took 2842 trading sessions.

The current VMO drawdown is -8.37%. The current NML drawdown is -4.35%.

Rank	VMO	NML
#1	-50.02% Apr 23, 2007 - Sep 4, 2009	-90.47% Oct 3, 2014 - Jan 23, 2026
#2	-37.68% Jan 3, 2022 - Oct 25, 2023	-16.89% Apr 23, 2013 - Jul 1, 2014
#3	-26.16% Oct 8, 2012 - Dec 10, 2015	-7.47% May 18, 2026 - May 29, 2026
#4	-25.48% Feb 20, 2020 - Aug 17, 2020	-7.18% Mar 27, 2026 - May 15, 2026
#5	-19.84% Dec 3, 2010 - Nov 15, 2011	-4.84% Jul 22, 2014 - Aug 11, 2014
#6	-19.20% Mar 8, 2004 - Mar 24, 2006	-4.82% Sep 2, 2014 - Sep 30, 2014
#7	-17.50% Jul 8, 2016 - Jul 31, 2019	-3.38% Mar 2, 2026 - Mar 25, 2026
#8	-11.93% Nov 5, 2010 - Dec 3, 2010	-2.98% Jan 30, 2026 - Feb 9, 2026
#9	-11.09% Jun 13, 2003 - Jan 6, 2004	-2.43% Aug 11, 2014 - Aug 15, 2014
#10	-10.05% Oct 6, 2009 - Mar 5, 2010	-1.83% Aug 15, 2014 - Aug 19, 2014
#11	-9.94% Feb 1, 2012 - Jul 5, 2012	-1.82% Jul 1, 2014 - Jul 9, 2014
#12	-9.79% Nov 5, 1999 - Jul 26, 2000	-1.43% Feb 13, 2026 - Feb 25, 2026
#13	-9.37% Oct 3, 2002 - Feb 21, 2003	-1.40% Mar 28, 2013 - Apr 10, 2013
#14	-8.51% Apr 28, 2006 - Dec 4, 2006	-1.34% Sep 30, 2014 - Oct 3, 2014
#15	-7.13% Feb 15, 2002 - Jun 4, 2002	-0.95% Apr 11, 2013 - Apr 15, 2013

Correlation

Correlation between VMO and NML is -0.24 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.24

-101

Dividend Comparison (2000 - 2026)

VMO vs NML dividend yield comparison.

Year	VMO	NML
2026	3.23%	3.12%
2025	7.84%	8.24%
2024	6.44%	7.94%
2023	4.47%	10.19%
2022	5.69%	4.26%
2021	4.64%	3.54%
2020	4.66%	8.34%
2019	4.94%	9.76%
2018	5.95%	9.87%
2017	5.98%	7.04%
2016	6.73%	8.63%
2015	6.33%	15.44%
2014	6.12%	7.16%
2013	7.43%	4.40%
2012	7.03%	0.00%
2011	7.13%	0.00%
2010	7.91%	0.00%
2009	6.78%	0.00%
2008	8.60%	0.00%
2007	5.55%	0.00%
2006	5.17%	0.00%
2005	8.69%	0.00%
2004	7.20%	0.00%
2003	8.66%	0.00%
2002	9.81%	0.00%
2001	7.59%	0.00%
2000	2.56%	0.00%