XTL vs IIM

Comparison between STATE STREET(R) SPDR(R) S&P(R) TELECOM ETF (XTL, ETF) and Invesco Value Municipal Income Trust (IIM, ETF).

5-Year PerformanceXTL has outperformed IIM, delivering a return of +17.5% compared to -0.1%

XTL vs IIM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XTL(ETF)	IIM(ETF)
Net Assets	$567M	$567M
Expense Ratio	0.35%	N/A
Max Drawdown	38.49%	46.54%
Sharpe Ratio	1.66	1.07
5Y Beta	1.25	0.20
P/E Ratio	101.41	N/A
Forward P/E	19.92	N/A
5Y Dividends CAGR	24.16%	5.75%
5Y EPS CAGR	11.89%	N/A
Debt to Equity	248.58%	N/A
P/S Ratio	2.05	N/A
P/B Ratio	2.90	N/A

Net Assets

XTL

$567M

Winner

IIM

$567M

Expense Ratio

XTL

0.35%

IIM

N/A

Max Drawdown

Winner

XTL

38.49%

IIM

46.54%

Sharpe Ratio

Winner

XTL

1.66

IIM

1.07

5Y Beta

XTL

1.25

Winner

IIM

0.20

P/E Ratio

XTL

101.41

IIM

N/A

Forward P/E

XTL

19.92

IIM

N/A

5Y Dividends CAGR

Winner

XTL

24.16%

IIM

5.75%

5Y EPS CAGR

XTL

11.89%

IIM

N/A

Debt to Equity

XTL

248.58%

IIM

N/A

P/S Ratio

XTL

2.05

IIM

N/A

P/B Ratio

XTL

2.90

IIM

N/A

XTL vs IIM - Historical Returns

Returns include dividend reinvestment.

Period	XTL	IIM
1 month	+1.96%	+1.83%
3 months	-11.71%	+4.68%
6 months	+17.40%	-0.40%
1 year	+64.64%	+15.87%
5 years(CAGR)	+17.51%	-0.06%
10 years(CAGR)	+14.20%	+2.40%
Max(CAGR)	+10.89%	+5.61%

Winner

XTL

+1.96%

IIM

+1.83%

XTL

-11.71%

Winner

IIM

+4.68%

Winner

XTL

+17.40%

IIM

-0.40%

Winner

XTL

+64.64%

IIM

+15.87%

5Y(CAGR)

Winner

XTL

+17.51%

IIM

-0.06%

10Y(CAGR)

Winner

XTL

+14.20%

IIM

+2.40%

Max(CAGR)

Winner

XTL

+10.89%

IIM

+5.61%

XTL vs IIM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	XTL	IIM
2026	+36.24%	+6.54%
2025	+44.22%	+10.49%
2024	+35.20%	+8.05%
2023	-1.97%	+1.96%
2022	-19.65%	-24.99%
2021	+22.57%	+14.43%
2020	+21.82%	+6.40%
2019	+11.32%	+16.89%
2018	-7.76%	-3.94%
2017	-0.84%	+6.76%
2016	+27.75%	-6.13%
2015	-1.44%	+4.87%
2014	+6.09%	+27.82%
2013	+19.36%	-15.82%
2012	+8.50%	+10.32%
2011	-17.98%	+26.65%
2010	N/A	+2.22%
2009	N/A	+35.02%
2008	N/A	-16.26%
2007	N/A	-1.26%
2006	N/A	+9.16%
2005	N/A	+6.85%
2004	N/A	+0.01%
2003	N/A	+13.26%
2002	N/A	+10.83%
2001	N/A	+8.90%
2000	N/A	+9.86%
1999	N/A	-5.21%

XTL vs IIM Drawdown Comparison

The maximum drawdown for XTL was -37.00%, occurring on Oct 27, 2023. Recovery took 830 trading sessions.

The maximum drawdown for IIM was -40.17%, occurring on Oct 10, 2008. Recovery took 364 trading sessions.

The current XTL drawdown is -14.20%. The current IIM drawdown is -2.45%.

Rank	XTL	IIM
#1	-37.00% Jun 25, 2021 - Oct 14, 2024	-40.17% Feb 12, 2008 - Jul 23, 2009
#2	-32.28% Feb 14, 2011 - Sep 18, 2013	-35.72% Dec 31, 2021 - Jul 2, 2026
#3	-31.56% Aug 29, 2018 - Jul 29, 2020	-28.68% Mar 6, 2020 - Nov 30, 2020
#4	-22.79% Feb 10, 2025 - Jun 24, 2025	-21.70% Jan 9, 2013 - Oct 3, 2014
#5	-21.87% Jun 18, 2015 - Jul 11, 2016	-18.68% Jul 11, 2016 - Aug 2, 2019
#6	-19.20% Jun 2, 2026 - Jul 29, 2026	-17.73% Sep 8, 2010 - Aug 22, 2011
#7	-15.25% Aug 7, 2020 - Nov 23, 2020	-16.13% Jan 29, 2015 - Jan 4, 2016
#8	-14.70% Oct 31, 2025 - Dec 10, 2025	-13.63% Mar 8, 2004 - Jun 16, 2005
#9	-14.67% Sep 11, 2014 - Dec 22, 2014	-13.17% Mar 9, 2012 - Jan 2, 2013
#10	-10.98% Jun 6, 2017 - Mar 9, 2018	-10.27% Nov 4, 1999 - Jul 6, 2000
#11	-10.03% Feb 12, 2021 - May 27, 2021	-10.27% Sep 13, 2000 - Jan 8, 2001
#12	-9.94% Dec 11, 2025 - Jan 6, 2026	-9.06% Jun 16, 2003 - Dec 16, 2003
#13	-8.67% Mar 12, 2018 - Jun 14, 2018	-8.74% May 15, 2007 - Jan 14, 2008
#14	-8.07% Apr 2, 2014 - Sep 11, 2014	-7.97% Sep 14, 2021 - Dec 31, 2021
#15	-8.05% Mar 25, 2026 - Apr 2, 2026	-7.40% Oct 8, 2009 - Dec 17, 2009

Correlation

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

0.75

-101

Dividend Comparison (2000 - 2026)

XTL vs IIM dividend yield comparison.

Year	XTL	IIM
2026	0.72%	4.92%
2025	1.05%	7.51%
2024	0.62%	6.58%
2023	0.80%	4.72%
2022	0.74%	5.87%
2021	1.25%	4.51%
2020	0.88%	4.48%
2019	0.92%	4.61%
2018	1.90%	5.43%
2017	2.08%	4.99%
2016	1.11%	5.52%
2015	1.38%	5.20%
2014	1.03%	5.49%
2013	0.45%	6.67%
2012	3.16%	5.35%
2011	0.80%	5.50%
2010	0.00%	6.44%
2009	0.00%	5.70%
2008	0.00%	7.39%
2007	0.00%	5.22%
2006	0.00%	5.82%
2005	0.00%	6.10%
2004	0.00%	6.47%
2003	0.00%	8.03%
2002	0.00%	5.82%
2001	0.00%	5.68%
2000	0.00%	2.54%