VMO vs TAXF

Comparison between Invesco Municipal Opportunity Trust (VMO, ETF) and AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF (TAXF, ETF).

5-Year PerformanceTAXF has outperformed VMO, delivering a return of +0.8% compared to -0.3%

VMO vs TAXF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VMO(ETF)	TAXF(ETF)
Net Assets	$681M	$681M
Expense Ratio	N/A	0.27%
Max Drawdown	59.97%	15.69%
Sharpe Ratio	1.43	1.26
5Y Beta	0.19	0.03
5Y Dividends CAGR	3.49%	12.10%

Net Assets

VMO

$681M

Winner

TAXF

$681M

Expense Ratio

VMO

N/A

TAXF

0.27%

Max Drawdown

VMO

59.97%

Winner

TAXF

15.69%

Sharpe Ratio

Winner

VMO

1.43

TAXF

1.26

5Y Beta

VMO

0.19

Winner

TAXF

0.03

5Y Dividends CAGR

VMO

3.49%

Winner

TAXF

12.10%

VMO vs TAXF - Historical Returns

Returns include dividend reinvestment.

Period	VMO	TAXF
1 month	-0.09%	-0.50%
3 months	+2.04%	+0.35%
6 months	+4.44%	+1.23%
1 year	+18.12%	+7.38%
5 years(CAGR)	-0.28%	+0.85%
10 years(CAGR)	+1.71%	N/A
Max(CAGR)	+5.30%	+2.80%

Winner

VMO

-0.09%

TAXF

-0.50%

Winner

VMO

+2.04%

TAXF

+0.35%

Winner

VMO

+4.44%

TAXF

+1.23%

Winner

VMO

+18.12%

TAXF

+7.38%

5Y(CAGR)

VMO

-0.28%

Winner

TAXF

+0.85%

10Y(CAGR)

VMO

+1.71%

TAXF

N/A

Max(CAGR)

Winner

VMO

+5.30%

TAXF

+2.80%

VMO vs TAXF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VMO	TAXF
2026	+6.09%	+1.43%
2025	+5.81%	+3.92%
2024	+7.97%	+2.02%
2023	+2.47%	+6.98%
2022	-24.59%	-9.59%
2021	+12.34%	+2.77%
2020	+8.49%	+5.37%
2019	+13.99%	+8.75%
2018	-4.38%	+0.64%
2017	+2.74%	N/A
2016	+2.27%	N/A
2015	+9.28%	N/A
2014	+16.12%	N/A
2013	-15.83%	N/A
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 TAXF Drawdown Comparison

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

The maximum drawdown for TAXF was -13.94%, occurring on Oct 26, 2022. Recovery took 1041 trading sessions.

The current VMO drawdown is -6.53%. The current TAXF drawdown is -0.96%.

Rank	VMO	TAXF
#1	-50.02% Apr 23, 2007 - Sep 4, 2009	-13.94% Jul 19, 2021 - Sep 10, 2025
#2	-37.68% Jan 3, 2022 - Oct 25, 2023	-13.39% Mar 9, 2020 - Nov 23, 2020
#3	-26.16% Oct 8, 2012 - Dec 10, 2015	-2.93% Feb 27, 2026 - Jun 29, 2026
#4	-25.48% Feb 20, 2020 - Aug 17, 2020	-2.03% Feb 12, 2021 - May 25, 2021
#5	-19.84% Dec 3, 2010 - Nov 15, 2011	-1.58% Sep 4, 2019 - Dec 27, 2019
#6	-19.20% Mar 8, 2004 - Mar 24, 2006	-0.97% Sep 12, 2018 - Dec 4, 2018
#7	-17.50% Jul 8, 2016 - Jul 31, 2019	-0.96% Jul 6, 2026 - Jul 21, 2026
#8	-11.93% Nov 5, 2010 - Dec 3, 2010	-0.55% Jun 10, 2021 - Jul 7, 2021
#9	-11.09% Jun 13, 2003 - Jan 6, 2004	-0.47% Jan 15, 2026 - Jan 30, 2026
#10	-10.05% Oct 6, 2009 - Mar 5, 2010	-0.43% Nov 11, 2025 - Nov 26, 2025
#11	-9.94% Feb 1, 2012 - Jul 5, 2012	-0.41% Nov 26, 2025 - Dec 23, 2025
#12	-9.79% Nov 5, 1999 - Jul 26, 2000	-0.32% Aug 15, 2019 - Aug 28, 2019
#13	-9.37% Oct 3, 2002 - Feb 21, 2003	-0.32% Sep 18, 2025 - Oct 1, 2025
#14	-8.51% Apr 28, 2006 - Dec 4, 2006	-0.30% Oct 24, 2025 - Nov 11, 2025
#15	-7.13% Feb 15, 2002 - Jun 4, 2002	-0.28% Jan 7, 2019 - Jan 14, 2019

Correlation

Correlation between VMO and TAXF is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (2000 - 2026)

VMO vs TAXF dividend yield comparison.

Year	VMO	TAXF
2026	4.50%	1.93%
2025	7.84%	3.68%
2024	6.44%	3.38%
2023	4.47%	2.93%
2022	5.69%	2.05%
2021	4.64%	1.58%
2020	4.66%	2.13%
2019	4.94%	2.64%
2018	5.95%	0.69%
2017	5.98%	0.00%
2016	6.73%	0.00%
2015	6.33%	0.00%
2014	6.12%	0.00%
2013	7.43%	0.00%
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%