HYTI vs MMCA
Comparison between FT VEST HIGH YIELD & TARGET INCOME ETF (HYTI, ETF) and NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF (MMCA, ETF).
HYTI vs MMCA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HYTI
$82M
Winner
MMCA
$82M
Expense Ratio
HYTI
0.65%
Winner
MMCA
0.36%
Max Drawdown
Winner
HYTI
5.76%
MMCA
17.98%
Sharpe Ratio
HYTI
0.65
Winner
MMCA
0.98
5Y Beta
HYTI
0.22
Winner
MMCA
0.03
HYTI vs MMCA - Historical Returns
Returns include dividend reinvestment.
1M
HYTI
-0.29%
Winner
MMCA
+0.49%
3M
Winner
HYTI
+0.93%
MMCA
-0.52%
6M
Winner
HYTI
+1.76%
MMCA
+1.19%
1Y
HYTI
+6.33%
Winner
MMCA
+6.34%
5Y(CAGR)
HYTI
N/A
MMCA
+0.17%
Max(CAGR)
Winner
HYTI
+6.31%
MMCA
+0.17%
HYTI vs MMCA - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | HYTI | MMCA |
|---|---|---|
| 2026 | +1.17% | +0.76% |
| 2025 | +7.00% | +5.53% |
| 2024 | N/A | +1.70% |
| 2023 | N/A | +5.62% |
| 2022 | N/A | -12.10% |
| 2021 | N/A | +0.01% |
HYTI vs MMCA Drawdown Comparison
The maximum drawdown for HYTI was -4.48%, occurring on Apr 8, 2025. Recovery took 50 trading sessions.
The maximum drawdown for MMCA was -15.97%, occurring on Oct 27, 2022. Recovery took 1011 trading sessions.
The current HYTI drawdown is -0.65%. The current MMCA drawdown is -1.36%.
| Rank | HYTI | MMCA |
|---|---|---|
| #1 | -4.48% Feb 26, 2025 - May 8, 2025 | -15.97% Dec 22, 2021 - Jan 5, 2026 |
| #2 | -2.38% Feb 13, 2026 - Apr 14, 2026 | -3.01% Feb 27, 2026 - Mar 26, 2026 |
| #3 | -1.20% Sep 22, 2025 - Oct 27, 2025 | -0.32% Jan 16, 2026 - Jan 30, 2026 |
| #4 | -0.87% Apr 17, 2026 - Jun 1, 2026 | -0.06% Feb 2, 2026 - Feb 4, 2026 |
| #5 | -0.81% Oct 27, 2025 - Nov 21, 2025 | -0.05% Feb 10, 2026 - Feb 12, 2026 |
| #6 | -0.75% Jul 3, 2025 - Aug 5, 2025 | -0.04% Jan 9, 2026 - Jan 13, 2026 |
| #7 | -0.74% May 12, 2025 - May 27, 2025 | -0.04% Jan 14, 2026 - Jan 16, 2026 |
| #8 | -0.65% Jun 1, 2026 - Jun 5, 2026 | -0.00% Jan 7, 2026 - Jan 9, 2026 |
| #9 | -0.46% Feb 2, 2026 - Feb 13, 2026 | N/A |
| #10 | -0.44% Jun 11, 2025 - Jun 18, 2025 | N/A |
| #11 | -0.36% Apr 15, 2026 - Apr 17, 2026 | N/A |
| #12 | -0.35% May 27, 2025 - Jun 4, 2025 | N/A |
| #13 | -0.31% Dec 4, 2025 - Dec 17, 2025 | N/A |
| #14 | -0.30% Jun 4, 2025 - Jun 11, 2025 | N/A |
| #15 | -0.28% Sep 15, 2025 - Sep 22, 2025 | N/A |
Correlation
Correlation between HYTI and MMCA is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2021 - 2026)
HYTI vs MMCA dividend yield comparison.
| Year | HYTI | MMCA |
|---|---|---|
| 2026 | 5.20% | 1.34% |
| 2025 | 8.10% | 3.39% |
| 2024 | 0.00% | 3.66% |
| 2023 | 0.00% | 3.57% |
| 2022 | 0.00% | 2.90% |
| 2021 | 0.00% | 0.05% |
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