Invesco California Value Municipal Income (VCV) 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
Invesco for Investment Grade Municipals (VGM) has outperformed Invesco California Value Municipal Income (VCV) over the past year, losing 13.3% versus a loss of 16.7%. Over five years, VCV leads with a -33.8% price change compared with -37.0% for VGM. Invesco for Investment Grade Municipals is the larger company by market cap ($484.8 million vs $437.4 million), about 1.1 times the size.
On valuation, Invesco for Investment Grade Municipals trades at a lower trailing P/E (28.8x vs 34.3x for Invesco California Value Municipal Income). Invesco California Value Municipal Income offers the higher dividend yield (8.70% vs 8.67%).
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 | VCV | VGM |
|---|---|---|
| Share price | $8.91 | $8.94 |
| Market cap | $437.37M | $484.83M |
| 1-day change | +1.08% | +2.41% |
| YTD return | -20.84% | -15.81% |
| 1-year return | -16.65% | -13.31% |
| 5-year return | -33.76% | -37.01% |
| P/E ratio (TTM) | 34.25 | 28.84 |
| EPS (TTM) | $0.26 | $0.31 |
| Dividend yield | 8.70% | 8.67% |
| Annual dividend | $0.775 | $0.775 |
| 52-week high | $11.38 | $10.66 |
| 52-week low | $8.70 | $8.39 |
| Distance from 52-week high | -21.75% | -16.14% |
| Average volume | 171.06K | 220.12K |
| Shares outstanding | 49.11M | 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.
About Invesco California Value Municipal Income
VCV stock →Invesco California 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
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
VCV vs VGM FAQ
Which is bigger, Invesco California Value Municipal Income or Invesco for Investment Grade Municipals?
Invesco for Investment Grade Municipals (VGM) is larger, with a market capitalization of $484.83M compared with $437.37M for Invesco California Value Municipal Income (VCV).
Which stock has performed better over the past year, VCV or VGM?
VGM returned -13.31% over the past 12 months, compared with -16.65% for VCV (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, VCV or VGM?
VGM has the lower trailing P/E at 28.8, versus 34.3 for VCV. 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, Invesco California Value Municipal Income or Invesco for Investment Grade Municipals?
Invesco California Value Municipal Income has the higher yield at 8.70%, compared with 8.67% for Invesco for Investment Grade Municipals.
Are Invesco California Value Municipal Income 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.