Blackrock Duration Income (BLW) vs Invesco for Investment Grade Municipals (VGM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Invesco for Investment Grade Municipals (VGM) has outperformed Blackrock Duration Income (BLW) over the past year, losing 14.2% versus a loss of 16.2%. Over five years, BLW leads with a -31.3% price change compared with -38.0% for VGM. Invesco for Investment Grade Municipals is the larger company by market cap ($474.5 million vs $459.4 million), about 1.0 times the size.
On valuation, Blackrock Duration Income trades at a lower trailing P/E (18.6x vs 28.2x for Invesco for Investment Grade Municipals). Blackrock Duration Income offers the higher dividend yield (11.57% vs 8.86%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BLW | VGM |
|---|---|---|
| Share price | $11.75 | $8.75 |
| Market cap | $459.35M | $474.53M |
| 1-day change | -0.18% | +1.74% |
| YTD return | -14.34% | -17.07% |
| 1-year return | -16.23% | -14.17% |
| 5-year return | -31.29% | -37.95% |
| P/E ratio (TTM) | 18.65 | 28.23 |
| EPS (TTM) | $0.63 | $0.31 |
| Dividend yield | 11.57% | 8.86% |
| Annual dividend | $1.36 | $0.775 |
| 52-week high | $14.16 | $10.66 |
| 52-week low | $11.43 | $8.39 |
| Distance from 52-week high | -17.03% | -17.92% |
| Average volume | 188.08K | 213.69K |
| Shares outstanding | 39.10M | 54.23M |
| Sector | Consumer Discretionary | Finance |
| Industry | Other Consumer Services | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Invesco for Investment Grade Municipals trades at a higher earnings multiple (28.2x vs 18.6x trailing P/E).
- Blackrock Duration Income offers a meaningfully higher dividend yield (11.57% vs 8.86%).
- The two companies sit in different sectors: Blackrock Duration Income in Consumer Discretionary and Invesco for Investment Grade Municipals in Finance.
About Blackrock Duration Income
BLW stock →BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC.
Consumer Discretionary · Other Consumer Services
About Invesco for Investment Grade Municipals
VGM stock →Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc.
Finance · Trusts Except Educational Religious and Charitable
BLW vs VGM FAQ
Which is bigger, Blackrock Duration Income or Invesco for Investment Grade Municipals?
Invesco for Investment Grade Municipals (VGM) is larger, with a market capitalization of $474.53M compared with $459.35M for Blackrock Duration Income (BLW).
Which stock has performed better over the past year, BLW or VGM?
VGM returned -14.17% over the past 12 months, compared with -16.23% for BLW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BLW or VGM?
BLW has the lower trailing P/E at 18.6, versus 28.2 for VGM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Blackrock Duration Income or Invesco for Investment Grade Municipals?
Blackrock Duration Income has the higher yield at 11.57%, compared with 8.86% for Invesco for Investment Grade Municipals.
Are Blackrock Duration Income and Invesco for Investment Grade Municipals in the same industry?
No. Blackrock Duration Income is in the Consumer Discretionary sector, while Invesco for Investment Grade Municipals is in Finance.