INVESCO MUNICIPAL Correlations

VMIIX Fund

USD 11.52 -0.06 -0.52%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. Current 90-days correlation between Invesco Municipal Income and American Century High is 0.59 (i.e., Weak diversification).

Correlation to Market: INVESCO MUNICIPAL

Moderate diversification

INVESCO MUNICIPAL currently posts a 0.28 correlation with Dow Jones, indicating a Moderate diversification relationship for the active sample. A 0.28 reading means INVESCO MUNICIPAL and Dow Jones have partial price overlap, offering some diversification benefit.

World Market Map provides context for diversified portfolio construction. The information is presented without directional commentary. Invesco Municipal Income can be evaluated within a portfolio framework for weight and risk impact. Position allocation is driven by the portfolio construction model in use. Broader economic conditions can influence Invesco Municipal Income's mutual fund valuation — related indicators include signals in gross domestic product.

Moving together with INVESCO Mutual Fund

0.99	VMICX	Invesco Municipal Income	Pair Corr
1.0	VMINX	Invesco Municipal Income	Pair Corr
0.71	AMHYX	Invesco High Yield	Pair Corr
0.71	HYIFX	Invesco High Yield	Pair Corr
0.72	HYINX	Invesco High Yield	Pair Corr
0.85	PXCIX	Invesco Select Risk	Pair Corr
0.62	PXGGX	Invesco Select Risk	Pair Corr
0.62	EMLDX	Invesco Emerging Markets	Pair Corr
0.73	PXMSX	Invesco Select Risk	Pair Corr
0.73	PXMMX	Invesco Select Risk	Pair Corr
0.62	PXQIX	Invesco Select Risk	Pair Corr
0.98	OCACX	Oppenheimer Roc Ca	Pair Corr
0.9	STBAX	Invesco Short Term	Pair Corr
0.88	STBCX	Invesco Short Term	Pair Corr
0.66	MLPRX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	STBYX	Invesco Short Term	Pair Corr
0.66	MLPDX	Oppenheimer Steelpath Mlp	Pair Corr
0.65	MLPFX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.64	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	OCMIX	Oppenheimer Moderate	Pair Corr
0.85	FSIUX	Invesco Dividend Income	Pair Corr
0.64	ODIIX	Oppenheimer Discovery	Pair Corr
0.83	ODMAX	Oppenheimer Developing	Pair Corr

Related Correlations Analysis

	FHYIX	GMOZX	PHYZX	FHYRX	BUFHX	ACHFX
FHYIX		0.44	0.74	0.96	0.66	0.77	FHYIX
GMOZX	0.44		0.87	0.53	0.88	0.83	GMOZX
PHYZX	0.74	0.87		0.8	0.92	0.98	PHYZX
FHYRX	0.96	0.53	0.8		0.72	0.84	FHYRX
BUFHX	0.66	0.88	0.92	0.72		0.9	BUFHX
ACHFX	0.77	0.83	0.98	0.84	0.9		ACHFX
	FHYIX	GMOZX	PHYZX	FHYRX	BUFHX	ACHFX

Risk-Adjusted Indicators

Strong recent returns in INVESCO Mutual Fund do not always mean INVESCO MUNICIPAL Mutual Fund is outperforming peers on business quality. Without risk-adjusted context, investors may overweight short-term returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FHYIX	0.12	0.00	0.17	-3.66	0.20	-0.14	0.22	-0.33	1.21
GMOZX	0.13	0.00	0.00	-0.08	0.00	0.00	0.29	-0.41	0.93
PHYZX	0.12	0.00	0.21	-0.07	0.13	-0.30	0.41	-0.21	1.05
FHYRX	0.13	-0.01	0.00	-0.21	0.00	0.00	0.23	-0.34	1.35
BUFHX	0.11	0.00	0.31	-0.04	0.11	-0.15	0.19	-0.19	0.77
ACHFX	0.13	0.00	0.25	-0.09	0.14	-0.20	0.23	-0.34	1.15

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INVESCO MUNICIPAL Correlations

Correlation to Market: INVESCO MUNICIPAL

Moving together with INVESCO Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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