Nuveen Churchill Direct Lending (NCDL) vs Invesco Municipal Opportunity (VMO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Invesco Municipal Opportunity (VMO) has outperformed Nuveen Churchill Direct Lending (NCDL) over the past year, losing 10.3% versus a loss of 18.8%. On valuation, Nuveen Churchill Direct Lending trades at a lower trailing P/E (11.4x vs 30.9x for Invesco Municipal Opportunity). Invesco Municipal Opportunity pays a dividend yielding 8.66%, while Nuveen Churchill Direct Lending 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 | NCDL | VMO |
|---|---|---|
| Share price | $10.81 | $8.66 |
| Market cap | $533.87M | — |
| 1-day change | -0.73% | +1.29% |
| YTD return | -18.97% | -9.51% |
| 1-year return | -18.78% | -10.26% |
| 5-year return | — | -36.70% |
| P/E ratio (TTM) | 11.38 | 30.93 |
| Forward P/E | 7.04 | — |
| EPS (TTM) | $0.95 | $0.28 |
| Dividend yield | 14.06% | 8.66% |
| Annual dividend | $0.00 | $0.75 |
| 52-week high | $15.07 | $10.10 |
| 52-week low | $10.54 | $8.12 |
| Distance from 52-week high | -28.27% | -14.26% |
| Analyst consensus | none | none |
| Avg. price target upside | +26.73% | — |
| Average volume | 200.01K | 289.21K |
| Shares outstanding | 49.39M | — |
| Sector | Financial Services | Finance |
| Industry | Asset Management | 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 Municipal Opportunity trades at a higher earnings multiple (30.9x vs 11.4x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (14.06% vs 8.66%).
- The two companies sit in different sectors: Nuveen Churchill Direct Lending in Financial Services and Invesco Municipal Opportunity in Finance.
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
About Invesco Municipal Opportunity
VMO stock →Invesco Municipal Opportunity 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
NCDL vs VMO FAQ
Which stock has performed better over the past year, NCDL or VMO?
VMO returned -10.26% over the past 12 months, compared with -18.78% for NCDL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCDL or VMO?
NCDL has the lower trailing P/E at 11.4, versus 30.9 for VMO. 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, Nuveen Churchill Direct Lending or Invesco Municipal Opportunity?
Nuveen Churchill Direct Lending has the higher yield at 14.06%, compared with 8.66% for Invesco Municipal Opportunity.
Are Nuveen Churchill Direct Lending and Invesco Municipal Opportunity in the same industry?
No. Nuveen Churchill Direct Lending is in the Financial Services sector, while Invesco Municipal Opportunity is in Finance.