VPV vs SPY
Comparison between Invesco Pennsylvania Value Municipal Income Trust (VPV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VPV, delivering a return of +13.3% compared to +2.2%
VPV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VPV vs SPY - Historical Returns
Returns include dividend reinvestment.
VPV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VPV | SPY |
|---|---|---|
| 2026 | +10.31% | +8.26% |
| 2025 | +8.79% | +18.00% |
| 2024 | +9.04% | +25.59% |
| 2023 | +5.12% | +26.72% |
| 2022 | -25.87% | -18.64% |
| 2021 | +14.20% | +30.52% |
| 2020 | +1.31% | +17.28% |
| 2019 | +17.66% | +31.09% |
| 2018 | +1.56% | -5.24% |
| 2017 | +4.53% | +20.78% |
| 2016 | -0.01% | +13.59% |
| 2015 | -1.05% | +1.31% |
| 2014 | +21.34% | +14.56% |
| 2013 | -17.17% | +29.00% |
| 2012 | +14.44% | +14.17% |
| 2011 | +19.54% | +0.85% |
| 2010 | +5.70% | +13.14% |
| 2009 | +52.27% | +22.67% |
| 2008 | -31.63% | -36.25% |
| 2007 | -3.46% | +5.32% |
| 2006 | +8.68% | +13.85% |
| 2005 | -10.57% | +5.32% |
| 2004 | +5.78% | +10.75% |
| 2003 | +10.48% | +24.18% |
| 2002 | +13.64% | -22.42% |
| 2001 | +17.81% | -10.13% |
| 2000 | +10.61% | -8.84% |
| 1999 | -4.50% | +8.61% |
VPV vs SPY Drawdown Comparison
The maximum drawdown for VPV was -45.08%, occurring on Dec 12, 2008. Recovery took 636 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current VPV drawdown is -0.71%. The current SPY drawdown is -2.90%.
| Rank | VPV | SPY |
|---|---|---|
| #1 | -45.08% Mar 14, 2007 - Sep 21, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -33.06% Dec 31, 2021 - Feb 12, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.89% Nov 29, 2019 - Feb 8, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.93% Nov 30, 2012 - Apr 5, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.07% Oct 29, 2010 - Sep 14, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.99% Mar 10, 2004 - Dec 28, 2004 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.98% Jul 1, 2016 - Apr 10, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.21% Dec 28, 2004 - Feb 8, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.13% Jun 17, 2003 - Jan 9, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.77% Aug 8, 2000 - Jan 3, 2001 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.88% Feb 4, 2000 - Jul 3, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.68% Mar 9, 2012 - May 3, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.67% Aug 16, 2002 - May 2, 2003 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.65% Oct 8, 2009 - Jan 7, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.30% Jul 30, 2012 - Sep 25, 2012 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VPV and SPY is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
VPV vs SPY dividend yield comparison.
| Year | VPV | SPY |
|---|---|---|
| 2026 | 2.98% | 0.24% |
| 2025 | 7.65% | 1.07% |
| 2024 | 6.07% | 1.21% |
| 2023 | 3.81% | 1.40% |
| 2022 | 5.48% | 1.65% |
| 2021 | 4.29% | 1.20% |
| 2020 | 4.61% | 1.52% |
| 2019 | 4.85% | 1.75% |
| 2018 | 5.94% | 2.04% |
| 2017 | 5.15% | 1.80% |
| 2016 | 6.00% | 2.03% |
| 2015 | 6.09% | 2.06% |
| 2014 | 6.48% | 1.87% |
| 2013 | 7.41% | 1.81% |
| 2012 | 5.88% | 2.18% |
| 2011 | 6.33% | 2.05% |
| 2010 | 7.11% | 1.80% |
| 2009 | 6.38% | 1.95% |
| 2008 | 8.99% | 3.02% |
| 2007 | 5.51% | 1.85% |
| 2006 | 5.47% | 1.73% |
| 2005 | 6.54% | 1.73% |
| 2004 | 6.62% | 1.82% |
| 2003 | 7.02% | 1.47% |
| 2002 | 6.50% | 1.70% |
| 2001 | 5.65% | 1.25% |
| 2000 | 1.97% | 1.15% |
| 1999 | 0.00% | 0.24% |
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