CPLB vs MMD

Comparison between NYLI MACKAY CORE PLUS BOND ETF (CPLB, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).

5-Year PerformanceCPLB has outperformed MMD, delivering a return of +0.7% compared to -2.7%

CPLB vs MMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPLB(ETF)	MMD(ETF)
Net Assets	$308M	$307M
Expense Ratio	0.30%	N/A
Max Drawdown	23.33%	39.44%
Sharpe Ratio	0.26	0.88
5Y Beta	0.04	0.17
5Y Dividends CAGR	N/A	-4.51%

Net Assets

Winner

CPLB

$308M

MMD

$307M

Expense Ratio

CPLB

0.30%

MMD

N/A

Max Drawdown

Winner

CPLB

23.33%

MMD

39.44%

Sharpe Ratio

CPLB

0.26

Winner

MMD

0.88

5Y Beta

Winner

CPLB

0.04

MMD

0.17

5Y Dividends CAGR

CPLB

N/A

MMD

-4.51%

CPLB vs MMD - Historical Returns

Returns include dividend reinvestment.

Period	CPLB	MMD
1 month	-0.22%	+2.26%
3 months	-0.99%	+0.34%
6 months	+0.67%	+5.00%
1 year	+4.83%	+10.83%
5 years(CAGR)	+0.72%	-2.72%
10 years(CAGR)	N/A	+2.35%
Max(CAGR)	+0.72%	+3.76%

CPLB

-0.22%

Winner

MMD

+2.26%

CPLB

-0.99%

Winner

MMD

+0.34%

CPLB

+0.67%

Winner

MMD

+5.00%

CPLB

+4.83%

Winner

MMD

+10.83%

5Y(CAGR)

Winner

CPLB

+0.72%

MMD

-2.72%

10Y(CAGR)

CPLB

N/A

MMD

+2.35%

Max(CAGR)

CPLB

+0.72%

Winner

MMD

+3.76%

CPLB vs MMD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	CPLB	MMD
2026	+0.54%	+4.51%
2025	+7.64%	+3.28%
2024	+4.53%	-4.81%
2023	+6.60%	+4.24%
2022	-14.05%	-20.66%
2021	+0.38%	+4.65%
2020	N/A	+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%

CPLB vs MMD Drawdown Comparison

The maximum drawdown for CPLB was -18.96%, occurring on Oct 24, 2022. Recovery took 1026 trading sessions.

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

The current CPLB drawdown is -1.62%. The current MMD drawdown is -16.00%.

Rank	CPLB	MMD
#1	-18.96% Aug 3, 2021 - Sep 4, 2025	-30.12% Aug 9, 2021 - Oct 27, 2023
#2	-2.60% Feb 27, 2026 - Mar 27, 2026	-25.16% Jan 11, 2013 - Oct 17, 2014
#3	-1.06% Oct 27, 2025 - Nov 26, 2025	-24.57% Feb 13, 2020 - Dec 2, 2020
#4	-0.77% Nov 26, 2025 - Jan 7, 2026	-11.66% Jul 7, 2016 - May 31, 2017
#5	-0.63% Jul 8, 2021 - Jul 19, 2021	-8.45% Apr 23, 2015 - Nov 23, 2015
#6	-0.54% Sep 15, 2025 - Oct 13, 2025	-6.58% Dec 14, 2017 - Jul 16, 2018
#7	-0.52% Jan 14, 2026 - Jan 26, 2026	-6.20% Dec 12, 2012 - Jan 11, 2013
#8	-0.31% Jan 26, 2026 - Feb 5, 2026	-5.57% Sep 10, 2018 - Dec 14, 2018
#9	-0.30% Sep 8, 2025 - Sep 10, 2025	-5.40% Feb 9, 2021 - Apr 13, 2021
#10	-0.26% Jul 19, 2021 - Jul 27, 2021	-5.09% Sep 15, 2017 - Dec 7, 2017
#11	-0.23% Jan 7, 2026 - Jan 12, 2026	-3.90% Feb 5, 2015 - Apr 14, 2015
#12	-0.21% Feb 10, 2026 - Feb 12, 2026	-3.56% Dec 14, 2018 - Feb 7, 2019
#13	-0.19% Oct 21, 2025 - Oct 24, 2025	-3.54% May 11, 2016 - Jun 22, 2016
#14	-0.19% Oct 16, 2025 - Oct 20, 2025	-3.54% May 27, 2021 - Jul 28, 2021
#15	-0.14% Sep 11, 2025 - Sep 15, 2025	-3.28% Nov 11, 2014 - Dec 30, 2014

Correlation

Correlation between CPLB and MMD is 0.45 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.45

-101

Dividend Comparison (2012 - 2026)

CPLB vs MMD dividend yield comparison.

Year	CPLB	MMD
2026	2.29%	2.16%
2025	5.46%	4.84%
2024	5.40%	4.82%
2023	4.81%	5.26%
2022	3.17%	6.35%
2021	0.95%	4.68%
2020	0.00%	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%