PIMCO California Municipal Income Fund (PCQ) vs Invesco California Value Municipal Income Trust (VCV)
A side-by-side comparison of PIMCO California Municipal Income Fund and Invesco California Value Municipal Income Trust across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
PCQ
PIMCO California Municipal Income Fund
$7.74Financial ServicesDelayed quote: Oct 2, 2026, 3:54 PM EDT
VCV
Invesco California Value Municipal Income Trust
$8.99Financial ServicesDelayed quote: Oct 2, 2026, 3:54 PM EDT
Total return — PCQ vs VCV
growth of $100 · dividends reinvested · last 10yPCQ -23.5% (-2.6%/yr)VCV +10.9% (+1.0%/yr)VCV compounded faster over this window
PCQ VCV
PCQ vs VCV: by the numbers
- •PCQ is the larger company ($434M vs $432M market cap).
- •PCQ converts more revenue to profit (149.41% vs 37.45% net margin).
- •VCV grew revenue faster over the past five years (48.38% vs 3.92% CAGR).
- •VCV pays the higher dividend yield (8.61% vs 5.58%).
Metrics side by side
Valuation
| Metric | PCQ | VCV |
|---|---|---|
| P/B ratio | 0.77 | 0.85 |
Profitability
| Metric | PCQ | VCV |
|---|---|---|
| Gross margin | 81.07% | 85.81% |
| Operating margin | 194.62% | 72.86% |
| Net margin | 149.41% | 37.45% |
| ROE | 5.88% | 2.42% |
Dividends
| Metric | PCQ | VCV |
|---|---|---|
| Dividend yield | 5.58% | 8.61% |
Growth (annualized)
| Metric | PCQ | VCV |
|---|---|---|
| Revenue CAGR (5Y) | 3.92% | 48.38% |
| EPS CAGR (5Y) | -7.79% | 24.14% |
| Total return CAGR (5Y) | -12.17% | -2.50% |
Frequently asked
- Which has grown faster, PCQ or VCV?
- Over the past five years, VCV grew revenue faster — PCQ at a 3.92% CAGR versus VCV at 48.38%.
- Does PCQ or VCV pay a bigger dividend?
- PCQ yields 5.58% and VCV yields 8.61% based on trailing dividends and the latest price.
- Is PCQ or VCV more profitable?
- PCQ runs the higher net margin — PCQ at 149.41% versus VCV at 37.45%.
- How have PCQ and VCV total returns compared?
- Over the past 10 years, PCQ delivered -2.80% and VCV delivered 1.05% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
PIMCO California Municipal Income Fund dividend yieldInvesco California Value Municipal Income dividend yieldPIMCO California Municipal Income Fund ROEInvesco California Value Municipal Income ROEPIMCO California Municipal Income Fund operating marginInvesco California Value Municipal Income operating marginPIMCO California Municipal Income Fund revenue growthInvesco California Value Municipal Income revenue growth
PIMCO California Municipal Income Fund & Invesco California Value Municipal Income appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.