Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +0.46% | -10.54% | -18.77% | -16.93% | -20.66% | -18.01% | +1.32% | -7.95% | -3.74% | -2.85% |
| Market-price total return | +1.93% | -9.23% | -16.53% | -13.10% | -15.03% | -10.62% | +8.63% | -2.23% | +1.59% | +3.19% |
| NAV return | +2.17% | -4.68% | -12.41% | -12.24% | -13.35% | -14.42% | -4.10% | -7.88% | -4.32% | -2.91% |
| NAV total return | +2.17% | -4.68% | -11.24% | -9.36% | -8.23% | -7.67% | +2.30% | -2.63% | +0.58% | +2.88% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.08% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.12% | 0.10% | as above |
| Volatility, 5 years | 0.13% | 0.09% | as above |
| Maximum drawdown, 3 years | -18.97% | -14.13% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.40 | -0.12 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.56 | -0.16 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.45 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.49 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Invesco California Value Municipal Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.