VTN vs MFEM

Comparison between Invesco Trust For Investment Grade New York Municipals (VTN, ETF) and PIMCO RAFI DYNAMIC MULTI-FACTOR EMERGING MARKETS EQUITY ETF (MFEM, ETF).

5-Year PerformanceMFEM has outperformed VTN, delivering a return of +7.5% compared to +1.2%

VTN vs MFEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VTN(ETF)	MFEM(ETF)
Net Assets	$159M	$159M
Expense Ratio	N/A	0.49%
Max Drawdown	60.53%	48.84%
Sharpe Ratio	1.25	1.70
5Y Beta	0.15	0.70
5Y Dividends CAGR	8.31%	10.02%

Net Assets

Winner

VTN

$159M

MFEM

$159M

Expense Ratio

VTN

N/A

MFEM

0.49%

Max Drawdown

VTN

60.53%

Winner

MFEM

48.84%

Sharpe Ratio

VTN

1.25

Winner

MFEM

1.70

5Y Beta

Winner

VTN

0.15

MFEM

0.70

5Y Dividends CAGR

VTN

8.31%

Winner

MFEM

10.02%

VTN vs MFEM - Historical Returns

Returns include dividend reinvestment.

Period	VTN	MFEM
1 month	-1.35%	-3.00%
3 months	-0.50%	+11.17%
6 months	-1.61%	+24.74%
1 year	+18.47%	+41.14%
5 years(CAGR)	+1.21%	+7.54%
10 years(CAGR)	+1.61%	+7.61%
Max(CAGR)	+4.95%	+7.61%

Winner

VTN

-1.35%

MFEM

-3.00%

VTN

-0.50%

Winner

MFEM

+11.17%

VTN

-1.61%

Winner

MFEM

+24.74%

VTN

+18.47%

Winner

MFEM

+41.14%

5Y(CAGR)

VTN

+1.21%

Winner

MFEM

+7.54%

10Y(CAGR)

VTN

+1.61%

Winner

MFEM

+7.61%

Max(CAGR)

VTN

+4.95%

Winner

MFEM

+7.61%

VTN vs MFEM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VTN	MFEM
2026	-1.08%	+20.91%
2025	+16.23%	+25.82%
2024	+6.93%	+6.16%
2023	+6.97%	+14.55%
2022	-21.06%	-20.63%
2021	+6.91%	+10.12%
2020	+0.64%	+9.82%
2019	+17.36%	+14.99%
2018	-8.08%	-15.89%
2017	+8.10%	+4.82%
2016	-3.98%	N/A
2015	+13.27%	N/A
2014	+10.33%	N/A
2013	-17.12%	N/A
2012	+16.04%	N/A
2011	+20.82%	N/A
2010	+1.78%	N/A
2009	+62.82%	N/A
2008	-32.73%	N/A
2007	-6.62%	N/A
2006	+10.89%	N/A
2005	+5.58%	N/A
2004	-6.92%	N/A
2003	+10.96%	N/A
2002	+12.30%	N/A
2001	+6.54%	N/A
2000	+16.38%	N/A
1999	-8.13%	N/A

VTN vs MFEM Drawdown Comparison

The maximum drawdown for VTN was -49.29%, occurring on Dec 15, 2008. Recovery took 585 trading sessions.

The maximum drawdown for MFEM was -43.32%, occurring on Mar 23, 2020. Recovery took 735 trading sessions.

The current VTN drawdown is -6.47%. The current MFEM drawdown is -7.61%.

Rank	VTN	MFEM
#1	-49.29% May 11, 2007 - Sep 4, 2009	-43.32% Jan 26, 2018 - Dec 28, 2020
#2	-33.61% Jul 29, 2021 - Oct 16, 2025	-31.39% Jun 4, 2021 - Sep 26, 2024
#3	-29.17% Feb 19, 2020 - Apr 29, 2021	-19.22% Oct 7, 2024 - Jun 24, 2025
#4	-22.31% Mar 24, 2004 - Dec 29, 2006	-12.86% Feb 25, 2026 - Apr 30, 2026
#5	-21.67% Jan 10, 2013 - Nov 27, 2015	-8.31% Jun 2, 2026 - Jun 5, 2026
#6	-19.89% Jul 27, 2016 - Jan 30, 2020	-7.46% Feb 12, 2021 - Apr 27, 2021
#7	-17.68% Nov 5, 2010 - Sep 23, 2011	-6.04% Jan 21, 2021 - Feb 9, 2021
#8	-11.39% Feb 13, 2026 - Mar 27, 2026	-6.02% May 11, 2026 - May 26, 2026
#9	-10.21% Nov 1, 1999 - Jul 5, 2000	-4.76% May 7, 2021 - May 28, 2021
#10	-10.02% Oct 2, 2002 - Jan 3, 2003	-4.46% Sep 17, 2025 - Oct 20, 2025
#11	-8.50% Oct 6, 2009 - Jan 19, 2010	-4.16% Nov 12, 2025 - Dec 26, 2025
#12	-8.28% Feb 13, 2012 - Jul 9, 2012	-3.96% Sep 11, 2017 - Oct 16, 2017
#13	-7.61% Jul 9, 2003 - Dec 4, 2003	-3.68% Nov 24, 2017 - Dec 22, 2017
#14	-7.20% Feb 8, 2002 - Jun 7, 2002	-3.64% Jul 23, 2025 - Aug 12, 2025
#15	-6.70% Sep 13, 2000 - Dec 29, 2000	-3.51% Jan 29, 2026 - Feb 9, 2026

Correlation

Correlation between VTN and MFEM is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2000 - 2026)

VTN vs MFEM dividend yield comparison.

Year	VTN	MFEM
2026	3.11%	0.53%
2025	7.14%	2.77%
2024	6.39%	5.89%
2023	3.87%	4.01%
2022	5.07%	7.01%
2021	4.21%	29.96%
2020	4.21%	1.70%
2019	4.54%	2.37%
2018	5.76%	1.18%
2017	5.02%	0.21%
2016	5.99%	0.00%
2015	5.60%	0.00%
2014	6.51%	0.00%
2013	7.70%	0.00%
2012	6.08%	0.00%
2011	6.61%	0.00%
2010	7.40%	0.00%
2009	6.20%	0.00%
2008	9.05%	0.00%
2007	5.63%	0.00%
2006	5.79%	0.00%
2005	7.93%	0.00%
2004	7.20%	0.00%
2003	8.87%	0.00%
2002	8.66%	0.00%
2001	6.89%	0.00%
2000	4.24%	0.00%