EDOW vs MMD

Comparison between FIRST TRUST DOW 30 EQUAL WEIGHT ETF (EDOW, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).

5-Year PerformanceEDOW has outperformed MMD, delivering a return of +9.7% compared to -2.3%

EDOW vs MMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EDOW(ETF)	MMD(ETF)
Net Assets	$310M	$308M
Expense Ratio	0.50%	N/A
Max Drawdown	33.72%	39.44%
Sharpe Ratio	1.32	0.80
5Y Beta	0.73	0.16
P/E Ratio	24.00	N/A
Forward P/E	20.11	N/A
PEG Ratio	0.65	N/A
5Y Dividends CAGR	1.83%	-5.85%
5Y EPS CAGR	14.25%	N/A
Debt to Equity	-4.17%	N/A
P/S Ratio	2.89	N/A
P/B Ratio	5.50	N/A

Net Assets

Winner

EDOW

$310M

MMD

$308M

Expense Ratio

EDOW

0.50%

MMD

N/A

Max Drawdown

Winner

EDOW

33.72%

MMD

39.44%

Sharpe Ratio

Winner

EDOW

1.32

MMD

0.80

5Y Beta

EDOW

0.73

Winner

MMD

0.16

P/E Ratio

EDOW

24.00

MMD

N/A

Forward P/E

EDOW

20.11

MMD

N/A

PEG Ratio

EDOW

0.65

MMD

N/A

5Y Dividends CAGR

Winner

EDOW

1.83%

MMD

-5.85%

5Y EPS CAGR

EDOW

14.25%

MMD

N/A

Debt to Equity

EDOW

-4.17%

MMD

N/A

P/S Ratio

EDOW

2.89

MMD

N/A

P/B Ratio

EDOW

5.50

MMD

N/A

EDOW vs MMD - Historical Returns

Returns include dividend reinvestment.

Period	EDOW	MMD
1 month	+3.51%	+2.70%
3 months	+7.02%	+3.28%
6 months	+7.55%	+6.07%
1 year	+20.91%	+10.73%
5 years(CAGR)	+9.70%	-2.26%
10 years(CAGR)	+11.41%	+2.39%
Max(CAGR)	+11.41%	+3.84%

Winner

EDOW

+3.51%

MMD

+2.70%

Winner

EDOW

+7.02%

MMD

+3.28%

Winner

EDOW

+7.55%

MMD

+6.07%

Winner

EDOW

+20.91%

MMD

+10.73%

5Y(CAGR)

Winner

EDOW

+9.70%

MMD

-2.26%

10Y(CAGR)

Winner

EDOW

+11.41%

MMD

+2.39%

Max(CAGR)

Winner

EDOW

+11.41%

MMD

+3.84%

EDOW vs MMD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	EDOW	MMD
2026	+7.21%	+5.72%
2025	+15.69%	+3.28%
2024	+12.96%	-4.81%
2023	+15.33%	+4.24%
2022	-8.20%	-20.66%
2021	+19.78%	+4.65%
2020	+5.39%	+8.58%
2019	+23.96%	+12.10%
2018	-2.03%	+3.95%
2017	+11.90%	+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%

EDOW vs MMD Drawdown Comparison

The maximum drawdown for EDOW was -33.72%, occurring on Mar 23, 2020. Recovery took 193 trading sessions.

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

The current MMD drawdown is -15.02%.

Rank	EDOW	MMD
#1	-33.72% Feb 12, 2020 - Nov 16, 2020	-30.12% Aug 9, 2021 - Oct 27, 2023
#2	-21.98% Jan 4, 2022 - Dec 1, 2023	-25.16% Jan 11, 2013 - Oct 17, 2014
#3	-15.51% Feb 19, 2025 - Jun 27, 2025	-24.57% Feb 13, 2020 - Dec 2, 2020
#4	-15.49% Oct 2, 2018 - Mar 18, 2019	-11.66% Jul 7, 2016 - May 31, 2017
#5	-10.73% Jan 29, 2018 - Aug 27, 2018	-8.45% Apr 23, 2015 - Nov 23, 2015
#6	-8.73% Feb 6, 2026 - May 22, 2026	-6.58% Dec 14, 2017 - Jul 16, 2018
#7	-7.51% Jul 15, 2019 - Nov 1, 2019	-6.20% Dec 12, 2012 - Jan 11, 2013
#8	-6.65% Nov 8, 2021 - Dec 27, 2021	-5.57% Sep 10, 2018 - Dec 14, 2018
#9	-6.59% Jul 17, 2024 - Aug 29, 2024	-5.40% Feb 9, 2021 - Apr 13, 2021
#10	-6.32% Apr 23, 2019 - Jun 19, 2019	-5.09% Sep 15, 2017 - Dec 7, 2017
#11	-5.42% Dec 4, 2024 - Jan 28, 2025	-3.90% Feb 5, 2015 - Apr 14, 2015
#12	-5.05% Mar 28, 2024 - Jul 16, 2024	-3.56% Dec 14, 2018 - Feb 7, 2019
#13	-4.71% Aug 16, 2021 - Nov 2, 2021	-3.54% May 11, 2016 - Jun 22, 2016
#14	-4.23% Jan 21, 2021 - Feb 8, 2021	-3.54% May 27, 2021 - Jul 28, 2021
#15	-4.00% Nov 12, 2025 - Dec 3, 2025	-3.28% Nov 11, 2014 - Dec 30, 2014

Correlation

Correlation between EDOW and MMD is 0.24 which considered as a very weak or no correlation - the stocks move independently of each other.

0.24

-101

Dividend Comparison (2012 - 2026)

EDOW vs MMD dividend yield comparison.

Year	EDOW	MMD
2026	0.30%	2.58%
2025	1.31%	4.84%
2024	1.65%	4.82%
2023	1.93%	5.26%
2022	1.91%	6.35%
2021	1.52%	4.68%
2020	1.84%	4.68%
2019	1.88%	4.85%
2018	1.82%	5.38%
2017	0.75%	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%