EAD vs LEO

Comparison between Allspring Income Opportunities Fund (EAD, ETF) and BNY Mellon Strategic Municipals Inc (LEO, ETF).

5-Year PerformanceEAD has outperformed LEO, delivering a return of +3.1% compared to -2.4%

EAD vs LEO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EAD(ETF)	LEO(ETF)
Net Assets	$426M	$427M
Max Drawdown	75.58%	54.53%
Sharpe Ratio	-0.06	1.07
5Y Beta	0.41	0.17
5Y Dividends CAGR	0.45%	-7.57%

Net Assets

EAD

$426M

Winner

LEO

$427M

Max Drawdown

EAD

75.58%

Winner

LEO

54.53%

Sharpe Ratio

EAD

-0.06

Winner

LEO

1.07

5Y Beta

EAD

0.41

Winner

LEO

0.17

5Y Dividends CAGR

Winner

EAD

0.45%

LEO

-7.57%

EAD vs LEO - Historical Returns

Returns include dividend reinvestment.

Period	EAD	LEO
1 month	-2.38%	+0.09%
3 months	-2.11%	+0.44%
6 months	-2.11%	+3.35%
1 year	+2.35%	+14.63%
5 years(CAGR)	+3.05%	-2.39%
10 years(CAGR)	+7.15%	+1.13%
Max(CAGR)	+6.79%	+4.81%

EAD

-2.38%

Winner

LEO

+0.09%

EAD

-2.11%

Winner

LEO

+0.44%

EAD

-2.11%

Winner

LEO

+3.35%

EAD

+2.35%

Winner

LEO

+14.63%

5Y(CAGR)

Winner

EAD

+3.05%

LEO

-2.39%

10Y(CAGR)

Winner

EAD

+7.15%

LEO

+1.13%

Max(CAGR)

Winner

EAD

+6.79%

LEO

+4.81%

EAD vs LEO - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	EAD	LEO
2026	-1.30%	+1.84%
2025	+6.49%	+8.40%
2024	+14.98%	+6.40%
2023	+10.21%	-1.05%
2022	-21.22%	-23.74%
2021	+21.77%	+5.05%
2020	+6.21%	+4.86%
2019	+23.96%	+22.72%
2018	-7.27%	-12.42%
2017	+8.19%	+8.83%
2016	+25.62%	+3.50%
2015	-7.08%	+11.03%
2014	+5.54%	+15.50%
2013	-2.29%	-16.60%
2012	+7.88%	+14.70%
2011	+17.03%	+23.10%
2010	+10.22%	+3.15%
2009	+84.44%	+46.92%
2008	-44.13%	-27.48%
2007	-15.74%	-7.07%
2006	+24.52%	+13.96%
2005	-10.09%	+7.55%
2004	+16.42%	-7.35%
2003	+14.03%	+10.84%
2002	N/A	+6.78%
2001	N/A	+22.11%

EAD vs LEO Drawdown Comparison

The maximum drawdown for EAD was -67.35%, occurring on Nov 21, 2008. Recovery took 792 trading sessions.

The maximum drawdown for LEO was -47.31%, occurring on Oct 10, 2008. Recovery took 671 trading sessions.

The current EAD drawdown is -3.96%. The current LEO drawdown is -17.31%.

Rank	EAD	LEO
#1	-67.35% May 31, 2007 - Jul 22, 2010	-47.31% May 7, 2007 - Jan 5, 2010
#2	-41.48% Feb 20, 2020 - Dec 2, 2020	-41.48% Aug 27, 2021 - Oct 25, 2023
#3	-29.37% Dec 31, 2021 - Sep 12, 2024	-30.28% Feb 25, 2020 - Feb 5, 2021
#4	-19.15% Apr 23, 2015 - Jun 8, 2016	-23.62% Jan 8, 2013 - Nov 3, 2015
#5	-18.90% May 13, 2011 - Dec 23, 2011	-21.68% Jan 21, 2004 - Sep 7, 2005
#6	-13.92% Feb 15, 2013 - Apr 23, 2014	-19.81% Sep 10, 2010 - Oct 12, 2011
#7	-12.84% Jan 7, 2005 - Aug 30, 2005	-17.32% Aug 1, 2017 - Jul 2, 2019
#8	-12.65% Feb 28, 2025 - Jun 5, 2025	-12.16% Jul 8, 2016 - Jul 11, 2017
#9	-11.97% Sep 29, 2017 - Feb 15, 2019	-11.77% Oct 1, 2002 - Apr 29, 2003
#10	-11.64% Sep 12, 2005 - Mar 3, 2006	-11.61% Jun 12, 2003 - Jan 7, 2004
#11	-11.27% Feb 1, 2012 - Jul 19, 2012	-9.85% Aug 28, 2001 - Dec 31, 2001
#12	-11.00% Nov 9, 2010 - Feb 17, 2011	-8.30% Sep 7, 2005 - Mar 29, 2006
#13	-10.75% Jan 12, 2004 - Jul 19, 2004	-6.69% Mar 12, 2012 - May 9, 2012
#14	-10.06% Aug 9, 2012 - Feb 5, 2013	-6.02% Nov 29, 2012 - Jan 8, 2013
#15	-9.65% Jul 11, 2014 - Mar 2, 2015	-5.98% Dec 31, 2001 - Apr 5, 2002

Correlation

Correlation between EAD and LEO is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2001 - 2026)

EAD vs LEO dividend yield comparison.

Year	EAD	LEO
2026	4.16%	1.99%
2025	9.47%	4.03%
2024	9.08%	3.77%
2023	9.07%	4.37%
2022	10.97%	5.66%
2021	7.59%	4.84%
2020	8.51%	4.95%
2019	8.44%	4.94%
2018	9.12%	5.96%
2017	8.58%	5.97%
2016	9.62%	6.14%
2015	10.95%	6.04%
2014	9.18%	7.11%
2013	9.08%	7.74%
2012	9.57%	6.16%
2011	10.02%	6.61%
2010	10.84%	7.54%
2009	12.76%	6.32%
2008	23.83%	8.94%
2007	12.30%	6.13%
2006	9.74%	5.03%
2005	13.42%	6.51%
2004	12.26%	7.38%
2003	7.86%	7.32%
2002	0.00%	7.14%
2001	0.00%	5.74%