HQL vs MMU

Comparison between abrdn Life Sciences Investors (HQL, ETF) and Western Asset Managed Municipals Fund Inc (MMU, ETF).

5-Year PerformanceHQL has outperformed MMU, delivering a return of +7.1% compared to -0.3%

HQL vs MMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HQL(ETF)	MMU(ETF)
Net Assets	$604M	$600M
Max Drawdown	84.10%	46.70%
Sharpe Ratio	1.76	0.82
5Y Beta	0.72	0.18
5Y Dividends CAGR	9.07%	5.88%

Net Assets

Winner

HQL

$604M

MMU

$600M

Max Drawdown

HQL

84.10%

Winner

MMU

46.70%

Sharpe Ratio

Winner

HQL

1.76

MMU

0.82

5Y Beta

HQL

0.72

Winner

MMU

0.18

5Y Dividends CAGR

Winner

HQL

9.07%

MMU

5.88%

HQL vs MMU - Historical Returns

Returns include dividend reinvestment.

Period	HQL	MMU
1 month	-3.25%	+1.23%
3 months	+5.30%	-0.51%
6 months	+5.52%	+1.64%
1 year	+47.84%	+10.04%
5 years(CAGR)	+7.12%	-0.31%
10 years(CAGR)	+9.67%	+1.28%
Max(CAGR)	+10.81%	+5.88%

HQL

-3.25%

Winner

MMU

+1.23%

Winner

HQL

+5.30%

MMU

-0.51%

Winner

HQL

+5.52%

MMU

+1.64%

Winner

HQL

+47.84%

MMU

+10.04%

5Y(CAGR)

Winner

HQL

+7.12%

MMU

-0.31%

10Y(CAGR)

Winner

HQL

+9.67%

MMU

+1.28%

Max(CAGR)

Winner

HQL

+10.81%

MMU

+5.88%

HQL vs MMU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HQL	MMU
2026	+7.85%	+0.91%
2025	+44.05%	+6.96%
2024	+8.82%	+5.34%
2023	+3.56%	+4.91%
2022	-19.50%	-19.58%
2021	+7.51%	+6.24%
2020	+24.15%	+0.29%
2019	+22.34%	+5.60%
2018	-16.96%	-4.82%
2017	+23.41%	+8.30%
2016	-17.36%	+1.72%
2015	+5.15%	+10.34%
2014	+32.12%	+18.47%
2013	+45.86%	-11.35%
2012	+35.62%	+14.07%
2011	+19.57%	+20.27%
2010	+19.26%	+3.61%
2009	+8.27%	+37.35%
2008	-27.57%	-9.63%
2007	+7.75%	+3.15%
2006	-6.90%	+10.06%
2005	+11.70%	+3.14%
2004	+8.55%	+0.27%
2003	+38.11%	+14.43%
2002	-35.94%	+8.40%
2001	+17.75%	+7.38%
2000	+21.69%	+16.78%
1999	+36.71%	-6.08%

HQL vs MMU Drawdown Comparison

The maximum drawdown for HQL was -62.49%, occurring on Oct 9, 2002. Recovery took 2992 trading sessions.

The maximum drawdown for MMU was -34.50%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current HQL drawdown is -5.10%. The current MMU drawdown is -6.04%.

Rank	HQL	MMU
#1	-62.49% Feb 18, 2000 - Jan 11, 2012	-34.50% Aug 8, 2019 - Mar 18, 2020
#2	-45.19% Jul 23, 2015 - Nov 27, 2020	-32.11% May 28, 2008 - Apr 21, 2009
#3	-38.82% Sep 7, 2021 - Sep 26, 2025	-26.42% Nov 26, 2012 - Mar 4, 2015
#4	-18.54% Feb 27, 2014 - Oct 28, 2014	-16.43% Dec 20, 2017 - Feb 26, 2019
#5	-16.72% May 15, 2013 - Jul 26, 2013	-14.63% Aug 23, 2016 - Dec 20, 2017
#6	-13.80% Oct 8, 2012 - Dec 11, 2012	-13.52% Sep 10, 2010 - Sep 7, 2011
#7	-11.50% Feb 19, 2021 - Jun 29, 2021	-12.27% Mar 8, 2004 - Nov 26, 2004
#8	-10.25% Oct 31, 2025 - Nov 24, 2025	-9.50% Feb 9, 2012 - May 3, 2012
#9	-10.01% Aug 2, 2013 - Sep 11, 2013	-8.49% Nov 16, 1999 - Jun 22, 2000
#10	-9.85% Jan 27, 2000 - Feb 7, 2000	-7.74% Oct 6, 2009 - Jan 14, 2010
#11	-9.07% Mar 20, 2015 - Jun 22, 2015	-7.60% Apr 24, 2015 - Jul 29, 2015
#12	-8.92% Nov 8, 1999 - Dec 21, 1999	-7.25% Sep 7, 2001 - Nov 7, 2001
#13	-8.61% Dec 18, 2014 - Jan 13, 2015	-7.17% Jul 27, 2012 - Sep 21, 2012
#14	-8.18% Sep 11, 2013 - Nov 25, 2013	-7.06% May 14, 2007 - Jan 3, 2008
#15	-8.13% Dec 12, 2014 - Dec 18, 2014	-6.87% Oct 2, 2002 - May 14, 2003

Correlation

Correlation between HQL and MMU is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (1999 - 2026)

HQL vs MMU dividend yield comparison.

Year	HQL	MMU
2026	6.61%	2.65%
2025	10.85%	6.26%
2024	14.18%	6.16%
2023	9.44%	4.36%
2022	9.57%	4.65%
2021	8.79%	3.88%
2020	7.90%	4.21%
2019	8.03%	4.96%
2018	10.72%	5.68%
2017	8.25%	5.37%
2016	12.18%	5.67%
2015	11.84%	5.50%
2014	7.11%	5.74%
2013	6.80%	6.39%
2012	8.00%	5.43%
2011	12.38%	5.82%
2010	4.83%	6.40%
2009	4.45%	5.29%
2008	12.73%	5.79%
2007	8.83%	4.97%
2006	9.22%	5.16%
2005	13.15%	5.54%
2004	8.57%	6.35%
2003	7.99%	6.10%
2002	18.33%	5.87%
2001	14.60%	5.77%
2000	14.25%	6.04%
1999	0.00%	1.10%