FSCC vs MMD

Comparison between FEDERATED HERMES MDT SMALL CAP CORE ETF (FSCC, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).

FSCC vs MMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSCC(ETF)	MMD(ETF)
Net Assets	$309M	$310M
Expense Ratio	0.36%	N/A
Max Drawdown	27.29%	39.44%
Sharpe Ratio	1.47	0.73
5Y Beta	1.11	0.17
P/E Ratio	-40.98	N/A
Forward P/E	14.49	N/A
5Y Dividends CAGR	N/A	-4.15%
Debt to Equity	174.08%	N/A
P/S Ratio	1.14	N/A
P/B Ratio	2.30	N/A

Net Assets

FSCC

$309M

Winner

MMD

$310M

Expense Ratio

FSCC

0.36%

MMD

N/A

Max Drawdown

Winner

FSCC

27.29%

MMD

39.44%

Sharpe Ratio

Winner

FSCC

1.47

MMD

0.73

5Y Beta

FSCC

1.11

Winner

MMD

0.17

P/E Ratio

FSCC

-40.98

MMD

N/A

Forward P/E

FSCC

14.49

MMD

N/A

5Y Dividends CAGR

FSCC

N/A

MMD

-4.15%

Debt to Equity

FSCC

174.08%

MMD

N/A

P/S Ratio

FSCC

1.14

MMD

N/A

P/B Ratio

FSCC

2.30

MMD

N/A

FSCC vs MMD - Historical Returns

Returns include dividend reinvestment.

Period	FSCC	MMD
1 month	-0.47%	-0.28%
3 months	+9.72%	+1.53%
6 months	+12.49%	+2.57%
1 year	+35.75%	+10.15%
5 years(CAGR)	N/A	-2.36%
10 years(CAGR)	N/A	+2.15%
Max(CAGR)	+19.22%	+3.75%

FSCC

-0.47%

Winner

MMD

-0.28%

Winner

FSCC

+9.72%

MMD

+1.53%

Winner

FSCC

+12.49%

MMD

+2.57%

Winner

FSCC

+35.75%

MMD

+10.15%

5Y(CAGR)

FSCC

N/A

MMD

-2.36%

10Y(CAGR)

FSCC

N/A

MMD

+2.15%

Max(CAGR)

Winner

FSCC

+19.22%

MMD

+3.75%

FSCC vs MMD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	FSCC	MMD
2026	+19.43%	+4.87%
2025	+14.97%	+3.28%
2024	+2.19%	-4.81%
2023	N/A	+4.24%
2022	N/A	-20.66%
2021	N/A	+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%

FSCC vs MMD Drawdown Comparison

The maximum drawdown for FSCC was -27.17%, occurring on Apr 8, 2025. Recovery took 171 trading sessions.

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

The current FSCC drawdown is -3.51%. The current MMD drawdown is -15.70%.

Rank	FSCC	MMD
#1	-27.17% Dec 4, 2024 - Aug 13, 2025	-30.12% Aug 9, 2021 - Oct 27, 2023
#2	-11.07% Jan 22, 2026 - Apr 17, 2026	-25.16% Jan 11, 2013 - Oct 17, 2014
#3	-9.48% Jul 31, 2024 - Aug 26, 2024	-24.57% Feb 13, 2020 - Dec 2, 2020
#4	-8.26% Oct 27, 2025 - Dec 3, 2025	-11.66% Jul 7, 2016 - May 31, 2017
#5	-5.67% Nov 11, 2024 - Nov 25, 2024	-8.45% Apr 23, 2015 - Nov 23, 2015
#6	-5.31% Aug 30, 2024 - Sep 17, 2024	-6.58% Dec 14, 2017 - Jul 16, 2018
#7	-5.15% Jun 30, 2026 - Jul 20, 2026	-6.20% Dec 12, 2012 - Jan 11, 2013
#8	-4.96% Sep 18, 2025 - Oct 24, 2025	-5.57% Sep 10, 2018 - Dec 14, 2018
#9	-4.22% May 6, 2026 - May 26, 2026	-5.40% Feb 9, 2021 - Apr 13, 2021
#10	-3.83% Oct 16, 2024 - Nov 6, 2024	-5.09% Sep 15, 2017 - Dec 7, 2017
#11	-3.69% May 28, 2026 - Jun 12, 2026	-3.90% Feb 5, 2015 - Apr 14, 2015
#12	-3.31% Dec 11, 2025 - Jan 8, 2026	-3.56% Dec 14, 2018 - Feb 7, 2019
#13	-2.69% Sep 19, 2024 - Oct 14, 2024	-3.54% May 11, 2016 - Jun 22, 2016
#14	-1.79% Aug 13, 2025 - Aug 22, 2025	-3.54% May 27, 2021 - Jul 28, 2021
#15	-1.66% Jan 15, 2026 - Jan 21, 2026	-3.28% Nov 11, 2014 - Dec 30, 2014

Correlation

Correlation between FSCC and MMD is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.51

-101

Dividend Comparison (2012 - 2026)

FSCC vs MMD dividend yield comparison.

Year	FSCC	MMD
2026	0.00%	3.06%
2025	0.27%	4.84%
2024	0.16%	4.82%
2023	0.00%	5.26%
2022	0.00%	6.35%
2021	0.00%	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%