CALI vs MIY

Comparison between BlackRock Short-Term California Muni Bond ETF (CALI, ETF) and BlackRock MuniYield Michigan Quality Fund Inc (MIY, ETF).

CALI vs MIY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CALI(ETF)	MIY(ETF)
Net Assets	$361M	$359M
Expense Ratio	0.20%	N/A
Max Drawdown	1.08%	50.82%
Sharpe Ratio	-1.11	1.01
5Y Beta	0.01	0.14
5Y Dividends CAGR	N/A	-0.09%

Net Assets

Winner

CALI

$361M

MIY

$359M

Expense Ratio

CALI

0.20%

MIY

N/A

Max Drawdown

Winner

CALI

1.08%

MIY

50.82%

Sharpe Ratio

CALI

-1.11

Winner

MIY

1.01

5Y Beta

Winner

CALI

0.01

MIY

0.14

5Y Dividends CAGR

CALI

N/A

MIY

-0.09%

CALI vs MIY - Historical Returns

Returns include dividend reinvestment.

Period	CALI	MIY
1 month	+0.45%	+1.71%
3 months	+0.41%	-0.77%
6 months	+1.20%	+6.64%
1 year	+2.91%	+15.47%
5 years(CAGR)	N/A	-0.08%
10 years(CAGR)	N/A	+2.49%
Max(CAGR)	+3.12%	+5.54%

CALI

+0.45%

Winner

MIY

+1.71%

Winner

CALI

+0.41%

MIY

-0.77%

CALI

+1.20%

Winner

MIY

+6.64%

CALI

+2.91%

Winner

MIY

+15.47%

5Y(CAGR)

CALI

N/A

MIY

-0.08%

10Y(CAGR)

CALI

N/A

MIY

+2.49%

Max(CAGR)

CALI

+3.12%

Winner

MIY

+5.54%

CALI vs MIY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CALI	MIY
2026	+0.99%	+6.15%
2025	+3.26%	+9.85%
2024	+2.84%	+2.85%
2023	+1.97%	+4.79%
2022	N/A	-23.78%
2021	N/A	+9.95%
2020	N/A	+7.48%
2019	N/A	+17.81%
2018	N/A	-6.04%
2017	N/A	+8.69%
2016	N/A	+2.26%
2015	N/A	+5.94%
2014	N/A	+17.64%
2013	N/A	-16.80%
2012	N/A	+7.93%
2011	N/A	+25.37%
2010	N/A	+10.33%
2009	N/A	+40.58%
2008	N/A	-24.58%
2007	N/A	-3.81%
2006	N/A	-3.30%
2005	N/A	+7.52%
2004	N/A	+10.85%
2003	N/A	+12.00%
2002	N/A	+12.32%
2001	N/A	+13.29%
2000	N/A	+8.59%
1999	N/A	-4.48%

CALI vs MIY Drawdown Comparison

The maximum drawdown for CALI was -0.78%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.

The maximum drawdown for MIY was -42.18%, occurring on Oct 10, 2008. Recovery took 394 trading sessions.

The current MIY drawdown is -3.84%.

Rank	CALI	MIY
#1	-0.78% Apr 4, 2025 - May 27, 2025	-42.18% Feb 12, 2008 - Sep 3, 2009
#2	-0.67% Feb 27, 2026 - May 28, 2026	-34.58% Aug 2, 2021 - Mar 4, 2026
#3	-0.45% Sep 13, 2023 - Nov 3, 2023	-25.81% Jan 23, 2013 - Jan 4, 2016
#4	-0.32% Dec 2, 2024 - Jan 15, 2025	-24.40% Mar 4, 2020 - Aug 6, 2020
#5	-0.31% Mar 20, 2024 - May 2, 2024	-17.37% Aug 31, 2010 - Sep 29, 2011
#6	-0.24% Jan 9, 2024 - Feb 1, 2024	-13.79% Nov 5, 1999 - Dec 18, 2000
#7	-0.23% Mar 3, 2025 - Apr 1, 2025	-12.75% Jul 11, 2016 - Apr 12, 2019
#8	-0.22% Jan 17, 2025 - Jan 31, 2025	-11.86% Mar 24, 2004 - Sep 9, 2004
#9	-0.22% Oct 3, 2024 - Nov 4, 2024	-11.14% Jun 11, 2003 - Jan 7, 2004
#10	-0.19% Sep 17, 2025 - Oct 10, 2025	-10.97% Jan 24, 2006 - Feb 12, 2008
#11	-0.18% Nov 5, 2024 - Nov 8, 2024	-10.08% Mar 4, 2026 - Apr 7, 2026
#12	-0.17% Jan 15, 2025 - Jan 17, 2025	-9.04% Feb 10, 2012 - May 24, 2012
#13	-0.16% Jun 6, 2024 - Jun 12, 2024	-8.91% Oct 1, 2002 - Mar 5, 2003
#14	-0.16% Nov 8, 2024 - Nov 15, 2024	-8.41% Nov 28, 2012 - Jan 23, 2013
#15	-0.15% Jul 23, 2024 - Jul 30, 2024	-7.27% Nov 14, 2001 - May 28, 2002

Correlation

Correlation between CALI and MIY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

CALI vs MIY dividend yield comparison.

Year	CALI	MIY
2026	0.99%	2.71%
2025	2.62%	5.57%
2024	3.14%	5.21%
2023	1.37%	3.86%
2022	0.00%	5.70%
2021	0.00%	4.38%
2020	0.00%	4.23%
2019	0.00%	4.27%
2018	0.00%	5.27%
2017	0.00%	5.46%
2016	0.00%	5.85%
2015	0.00%	5.66%
2014	0.00%	6.32%
2013	0.00%	7.36%
2012	0.00%	5.87%
2011	0.00%	6.02%
2010	0.00%	6.79%
2009	0.00%	5.87%
2008	0.00%	7.08%
2007	0.00%	5.36%
2006	0.00%	5.54%
2005	0.00%	6.21%
2004	0.00%	6.47%
2003	0.00%	6.54%
2002	0.00%	6.62%
2001	0.00%	5.53%
2000	0.00%	2.55%