ACLC vs MMD

Comparison between AMERICAN CENTURY LARGE CAP EQUITY ETF (ACLC, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).

5-Year PerformanceACLC has outperformed MMD, delivering a return of +10.8% compared to -2.3%

ACLC vs MMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ACLC(ETF)	MMD(ETF)
Net Assets	$308M	$308M
Expense Ratio	0.39%	N/A
Max Drawdown	27.06%	39.44%
Sharpe Ratio	1.11	0.80
5Y Beta	0.97	0.16
P/E Ratio	27.78	N/A
Forward P/E	22.16	N/A
PEG Ratio	0.65	N/A
5Y Dividends CAGR	15.27%	-5.85%
5Y EPS CAGR	26.13%	N/A
P/S Ratio	3.46	N/A
P/B Ratio	6.45	N/A

Net Assets

Winner

ACLC

$308M

MMD

$308M

Expense Ratio

ACLC

0.39%

MMD

N/A

Max Drawdown

Winner

ACLC

27.06%

MMD

39.44%

Sharpe Ratio

Winner

ACLC

1.11

MMD

0.80

5Y Beta

ACLC

0.97

Winner

MMD

0.16

P/E Ratio

ACLC

27.78

MMD

N/A

Forward P/E

ACLC

22.16

MMD

N/A

PEG Ratio

ACLC

0.65

MMD

N/A

5Y Dividends CAGR

Winner

ACLC

15.27%

MMD

-5.85%

5Y EPS CAGR

ACLC

26.13%

MMD

N/A

P/S Ratio

ACLC

3.46

MMD

N/A

P/B Ratio

ACLC

6.45

MMD

N/A

ACLC vs MMD - Historical Returns

Returns include dividend reinvestment.

Period	ACLC	MMD
1 month	+1.71%	+2.70%
3 months	+11.05%	+3.28%
6 months	+8.17%	+6.07%
1 year	+20.42%	+10.73%
5 years(CAGR)	+10.77%	-2.26%
10 years(CAGR)	N/A	+2.39%
Max(CAGR)	+14.22%	+3.84%

ACLC

+1.71%

Winner

MMD

+2.70%

Winner

ACLC

+11.05%

MMD

+3.28%

Winner

ACLC

+8.17%

MMD

+6.07%

Winner

ACLC

+20.42%

MMD

+10.73%

5Y(CAGR)

Winner

ACLC

+10.77%

MMD

-2.26%

10Y(CAGR)

ACLC

N/A

MMD

+2.39%

Max(CAGR)

Winner

ACLC

+14.22%

MMD

+3.84%

ACLC vs MMD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	ACLC	MMD
2026	+7.43%	+5.72%
2025	+12.01%	+3.28%
2024	+20.66%	-4.81%
2023	+25.20%	+4.24%
2022	-19.61%	-20.66%
2021	+30.85%	+4.65%
2020	+17.32%	+8.58%
2019	N/A	+12.10%
2018	N/A	+3.95%
2017	N/A	+13.82%
2016	N/A	+2.65%
2015	N/A	+9.39%
2014	N/A	+20.47%
2013	N/A	-17.78%
2012	N/A	+4.83%

ACLC vs MMD Drawdown Comparison

The maximum drawdown for ACLC was -26.44%, occurring on Sep 30, 2022. Recovery took 500 trading sessions.

The maximum drawdown for MMD was -30.12%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

The current ACLC drawdown is -1.64%. The current MMD drawdown is -15.02%.

Rank	ACLC	MMD
#1	-26.44% Dec 29, 2021 - Dec 26, 2023	-30.12% Aug 9, 2021 - Oct 27, 2023
#2	-20.49% Jan 23, 2025 - Jul 3, 2025	-25.16% Jan 11, 2013 - Oct 17, 2014
#3	-10.28% Jan 9, 2026 - Apr 17, 2026	-24.57% Feb 13, 2020 - Dec 2, 2020
#4	-9.67% Sep 2, 2020 - Nov 16, 2020	-11.66% Jul 7, 2016 - May 31, 2017
#5	-9.17% Jul 16, 2024 - Sep 19, 2024	-8.45% Apr 23, 2015 - Nov 23, 2015
#6	-5.84% Mar 28, 2024 - May 15, 2024	-6.58% Dec 14, 2017 - Jul 16, 2018
#7	-5.35% Oct 28, 2025 - Dec 10, 2025	-6.20% Dec 12, 2012 - Jan 11, 2013
#8	-5.35% Sep 3, 2021 - Oct 19, 2021	-5.57% Sep 10, 2018 - Dec 14, 2018
#9	-5.02% Feb 12, 2021 - Mar 15, 2021	-5.40% Feb 9, 2021 - Apr 13, 2021
#10	-4.71% Jun 2, 2026 - Jun 10, 2026	-5.09% Sep 15, 2017 - Dec 7, 2017
#11	-4.55% Dec 4, 2024 - Jan 23, 2025	-3.90% Feb 5, 2015 - Apr 14, 2015
#12	-4.46% Nov 16, 2021 - Dec 27, 2021	-3.56% Dec 14, 2018 - Feb 7, 2019
#13	-4.39% May 7, 2021 - Jun 10, 2021	-3.54% May 11, 2016 - Jun 22, 2016
#14	-3.70% Jan 21, 2021 - Feb 4, 2021	-3.54% May 27, 2021 - Jul 28, 2021
#15	-3.61% Oct 14, 2024 - Nov 7, 2024	-3.28% Nov 11, 2014 - Dec 30, 2014

Correlation

Correlation between ACLC and MMD is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.27

-101

Dividend Comparison (2012 - 2026)

ACLC vs MMD dividend yield comparison.

Year	ACLC	MMD
2026	0.29%	2.58%
2025	0.64%	4.84%
2024	0.89%	4.82%
2023	1.09%	5.26%
2022	1.10%	6.35%
2021	0.72%	4.68%
2020	0.43%	4.68%
2019	0.00%	4.85%
2018	0.00%	5.38%
2017	0.00%	5.45%
2016	0.00%	6.16%
2015	0.00%	6.25%
2014	0.00%	6.39%
2013	0.00%	9.50%
2012	0.00%	2.86%