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.

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Total return — PCQ vs VCV

growth of $100 · dividends reinvested · last 10y
PCQ -23.5% (-2.6%/yr)VCV +10.9% (+1.0%/yr)VCV compounded faster over this window
80100120140160Start $10020182020202220242026$76$111
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

MetricPCQVCV
P/B ratio0.770.85

Profitability

MetricPCQVCV
Gross margin81.07%85.81%
Operating margin194.62%72.86%
Net margin149.41%37.45%
ROE5.88%2.42%

Dividends

MetricPCQVCV
Dividend yield5.58%8.61%

Growth (annualized)

MetricPCQVCV
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.

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.