CMBS vs MUNY
Comparison between ISHARES CMBS ETF (CMBS, ETF) and VANGUARD NEW YORK TAX-EXEMPT BOND ETF ETF SHARES (MUNY, ETF).
CMBS vs MUNY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CMBS
$473M
Winner
MUNY
$473M
Expense Ratio
CMBS
0.25%
Winner
MUNY
0.09%
Max Drawdown
CMBS
20.92%
Winner
MUNY
3.38%
Sharpe Ratio
CMBS
-0.33
Winner
MUNY
0.10
5Y Beta
Winner
CMBS
0.01
MUNY
0.07
5Y Dividends CAGR
CMBS
2.20%
MUNY
N/A
CMBS vs MUNY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CMBS
+0.47%
MUNY
-0.31%
3M
Winner
CMBS
+0.44%
MUNY
-0.74%
6M
Winner
CMBS
-1.16%
MUNY
-1.81%
1Y
CMBS
+2.45%
Winner
MUNY
+4.10%
5Y(CAGR)
CMBS
+0.77%
MUNY
N/A
10Y(CAGR)
CMBS
+1.93%
MUNY
N/A
Max(CAGR)
CMBS
+2.38%
Winner
MUNY
+4.48%
CMBS vs MUNY - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | CMBS | MUNY |
|---|---|---|
| 2026 | +0.62% | -0.01% |
| 2025 | +7.26% | +5.54% |
| 2024 | +4.46% | N/A |
| 2023 | +5.03% | N/A |
| 2022 | -10.84% | N/A |
| 2021 | -1.82% | N/A |
| 2020 | +7.84% | N/A |
| 2019 | +7.93% | N/A |
| 2018 | +1.05% | N/A |
| 2017 | +3.29% | N/A |
| 2016 | +3.06% | N/A |
| 2015 | +0.69% | N/A |
| 2014 | +2.56% | N/A |
| 2013 | +0.39% | N/A |
| 2012 | +4.54% | N/A |
CMBS vs MUNY Drawdown Comparison
The maximum drawdown for CMBS was -15.87%, occurring on Nov 3, 2022. Recovery took 1014 trading sessions.
The maximum drawdown for MUNY was -2.70%, occurring on Mar 24, 2026. Recovery took 83 trading sessions.
The current CMBS drawdown is -1.16%. The current MUNY drawdown is -2.04%.
| Rank | CMBS | MUNY |
|---|---|---|
| #1 | -15.87% Jul 20, 2021 - Aug 4, 2025 | -2.70% Feb 27, 2026 - Jun 29, 2026 |
| #2 | -9.89% Mar 9, 2020 - Jul 30, 2020 | -2.14% Jul 6, 2026 - Jul 23, 2026 |
| #3 | -4.94% Sep 7, 2016 - Sep 5, 2017 | -1.98% Jun 4, 2025 - Sep 5, 2025 |
| #4 | -3.82% Sep 7, 2017 - Jan 3, 2019 | -0.49% May 27, 2025 - Jun 4, 2025 |
| #5 | -3.33% May 21, 2013 - Apr 14, 2014 | -0.35% Nov 11, 2025 - Dec 23, 2025 |
| #6 | -2.55% Jan 29, 2021 - Jul 20, 2021 | -0.35% Jan 14, 2026 - Feb 2, 2026 |
| #7 | -2.44% Feb 27, 2026 - Mar 27, 2026 | -0.30% Sep 17, 2025 - Oct 6, 2025 |
| #8 | -2.20% Feb 2, 2015 - Oct 14, 2015 | -0.24% Oct 27, 2025 - Nov 11, 2025 |
| #9 | -2.05% Oct 14, 2015 - Jan 20, 2016 | -0.11% Feb 19, 2026 - Feb 23, 2026 |
| #10 | -2.04% Sep 4, 2019 - Jan 27, 2020 | -0.10% Feb 9, 2026 - Feb 12, 2026 |
| #11 | -1.84% Feb 11, 2016 - Apr 1, 2016 | -0.08% Feb 24, 2026 - Feb 26, 2026 |
| #12 | -1.82% Jul 3, 2012 - Jul 25, 2012 | -0.07% Dec 30, 2025 - Jan 2, 2026 |
| #13 | -1.60% Mar 7, 2012 - Jun 26, 2012 | -0.07% Dec 24, 2025 - Dec 30, 2025 |
| #14 | -1.54% Oct 2, 2020 - Dec 11, 2020 | -0.06% Oct 13, 2025 - Oct 15, 2025 |
| #15 | -1.38% Nov 28, 2014 - Jan 7, 2015 | -0.04% Oct 21, 2025 - Oct 24, 2025 |
Correlation
Correlation between CMBS and MUNY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2012 - 2026)
CMBS vs MUNY dividend yield comparison.
| Year | CMBS | MUNY |
|---|---|---|
| 2026 | 2.13% | 1.89% |
| 2025 | 3.45% | 1.80% |
| 2024 | 3.31% | 0.00% |
| 2023 | 2.97% | 0.00% |
| 2022 | 2.65% | 0.00% |
| 2021 | 2.46% | 0.00% |
| 2020 | 2.83% | 0.00% |
| 2019 | 2.74% | 0.00% |
| 2018 | 2.70% | 0.00% |
| 2017 | 2.50% | 0.00% |
| 2016 | 2.29% | 0.00% |
| 2015 | 2.31% | 0.00% |
| 2014 | 2.15% | 0.00% |
| 2013 | 2.00% | 0.00% |
| 2012 | 2.22% | 0.00% |
Select Stocks to Compare
Popular: CMBS vs SPYMUNY vs SPY
More Comparisons
Compare with similar stocks