Calamos Long/Short Equity & Dynamic Income (CPZ) vs Invesco Pennsylvania Value Municipal Income (VPV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Invesco Pennsylvania Value Municipal Income (VPV) has outperformed Calamos Long/Short Equity & Dynamic Income (CPZ) over the past year, gaining 4.1% versus a loss of 21.2%. Over five years, VPV leads with a -18.6% price change compared with -39.5% for CPZ. On valuation, Invesco Pennsylvania Value Municipal Income trades at a lower trailing P/E (38.7x vs 179.7x for Calamos Long/Short Equity & Dynamic Income).
Invesco Pennsylvania Value Municipal Income pays a dividend yielding 7.39%, while Calamos Long/Short Equity & Dynamic Income does not currently pay one.
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 | CPZ | VPV |
|---|---|---|
| Share price | $12.58 | $10.83 |
| Market cap | $246.97M | — |
| 1-day change | +0.32% | +0.20% |
| YTD return | -14.23% | +3.73% |
| 1-year return | -21.18% | +4.13% |
| 5-year return | -39.54% | -18.60% |
| P/E ratio (TTM) | 179.71 | 38.69 |
| EPS (TTM) | $0.07 | $0.28 |
| Dividend yield | 13.40% | 7.39% |
| Annual dividend | $0.00 | $0.80 |
| 52-week high | $16.10 | $11.50 |
| 52-week low | $12.39 | $10.23 |
| Distance from 52-week high | -21.84% | -5.81% |
| Analyst consensus | — | none |
| Average volume | 70.10K | 28.44K |
| Shares outstanding | 19.63M | — |
| Sector | Finance | Finance |
| Industry | Trusts Except Educational Religious and Charitable | 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
- VPV has outperformed CPZ by 25.3 percentage points over the past year.
- Calamos Long/Short Equity & Dynamic Income trades at a higher earnings multiple (179.7x vs 38.7x trailing P/E).
- Calamos Long/Short Equity & Dynamic Income offers a meaningfully higher dividend yield (13.40% vs 7.39%).
About Invesco Pennsylvania Value Municipal Income
VPV stock →Invesco Pennsylvania Value Municipal Income Trust 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
CPZ vs VPV FAQ
Which stock has performed better over the past year, CPZ or VPV?
VPV returned +4.13% over the past 12 months, compared with -21.18% for CPZ (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CPZ or VPV?
VPV has the lower trailing P/E at 38.7, versus 179.7 for CPZ. 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, Calamos Long/Short Equity & Dynamic Income or Invesco Pennsylvania Value Municipal Income?
Calamos Long/Short Equity & Dynamic Income has the higher yield at 13.40%, compared with 7.39% for Invesco Pennsylvania Value Municipal Income.
Are Calamos Long/Short Equity & Dynamic Income and Invesco Pennsylvania Value Municipal Income in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.