Taiwan Fund (TWN) 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 9, 2026.
Summary
Taiwan Fund is the larger company by market cap ($592.9 million vs $484.3 million), about 1.2 times the size. On valuation, Taiwan Fund trades at a lower trailing P/E (2.7x vs 28.8x for Invesco for Investment Grade Municipals). Invesco for Investment Grade Municipals offers the higher dividend yield (8.68% vs 6.00%).
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 | TWN | VGM |
|---|---|---|
| Share price | $103.25 | $8.93 |
| Market cap | $592.87M | $484.29M |
| 1-day change | +1.31% | +2.29% |
| YTD return | — | -15.81% |
| 1-year return | — | -13.31% |
| 5-year return | — | -37.01% |
| P/E ratio (TTM) | 2.69 | 28.81 |
| EPS (TTM) | $38.39 | $0.31 |
| Dividend yield | 6.00% | 8.68% |
| Annual dividend | $6.20 | $0.775 |
| 52-week high | $108.83 | $10.66 |
| 52-week low | $51.37 | $8.39 |
| Distance from 52-week high | -5.13% | -16.23% |
| Average volume | 29.68K | 220.12K |
| Shares outstanding | 5.74M | 54.23M |
| 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
- Invesco for Investment Grade Municipals trades at a higher earnings multiple (28.8x vs 2.7x trailing P/E).
- Invesco for Investment Grade Municipals offers a meaningfully higher dividend yield (8.68% vs 6.00%).
About Taiwan Fund
TWN stock →The Taiwan Fund, Inc. is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.S.A.
Finance · Trusts Except Educational Religious and Charitable
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
TWN vs VGM FAQ
Which is bigger, Taiwan Fund or Invesco for Investment Grade Municipals?
Taiwan Fund (TWN) is larger, with a market capitalization of $592.87M compared with $484.29M for Invesco for Investment Grade Municipals (VGM).
Which has the lower P/E ratio, TWN or VGM?
TWN has the lower trailing P/E at 2.7, versus 28.8 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, Taiwan Fund or Invesco for Investment Grade Municipals?
Invesco for Investment Grade Municipals has the higher yield at 8.68%, compared with 6.00% for Taiwan Fund.
Are Taiwan Fund and Invesco for Investment Grade Municipals in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.