LEO vs NFLT

Comparison between BNY Mellon Strategic Municipals Inc (LEO, ETF) and VIRTUS NEWFLEET MULTI-SECTOR BOND ETF (NFLT, ETF).

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

LEO vs NFLT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LEO(ETF)	NFLT(ETF)
Net Assets	$427M	$424M
Expense Ratio	N/A	0.50%
Max Drawdown	54.53%	19.24%
Sharpe Ratio	1.07	0.75
5Y Beta	0.17	0.09
5Y Dividends CAGR	-7.57%	7.39%

Net Assets

Winner

LEO

$427M

NFLT

$424M

Expense Ratio

LEO

N/A

NFLT

0.50%

Max Drawdown

LEO

54.53%

Winner

NFLT

19.24%

Sharpe Ratio

Winner

LEO

1.07

NFLT

0.75

5Y Beta

LEO

0.17

Winner

NFLT

0.09

5Y Dividends CAGR

LEO

-7.57%

Winner

NFLT

7.39%

LEO vs NFLT - Historical Returns

Returns include dividend reinvestment.

Period	LEO	NFLT
1 month	+0.09%	+0.27%
3 months	+0.44%	+0.33%
6 months	+3.35%	+1.55%
1 year	+14.63%	+7.06%
5 years(CAGR)	-2.39%	+3.12%
10 years(CAGR)	+1.13%	+4.08%
Max(CAGR)	+4.81%	+4.08%

LEO

+0.09%

Winner

NFLT

+0.27%

Winner

LEO

+0.44%

NFLT

+0.33%

Winner

LEO

+3.35%

NFLT

+1.55%

Winner

LEO

+14.63%

NFLT

+7.06%

5Y(CAGR)

LEO

-2.39%

Winner

NFLT

+3.12%

10Y(CAGR)

LEO

+1.13%

Winner

NFLT

+4.08%

Max(CAGR)

Winner

LEO

+4.81%

NFLT

+4.08%

LEO vs NFLT - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	LEO	NFLT
2026	+1.84%	+1.20%
2025	+8.40%	+8.23%
2024	+6.40%	+6.16%
2023	-1.05%	+8.74%
2022	-23.74%	-9.30%
2021	+5.05%	+1.54%
2020	+4.86%	+8.12%
2019	+22.72%	+10.25%
2018	-12.42%	-2.52%
2017	+8.83%	+6.29%
2016	+3.50%	+7.57%
2015	+11.03%	-0.21%
2014	+15.50%	N/A
2013	-16.60%	N/A
2012	+14.70%	N/A
2011	+23.10%	N/A
2010	+3.15%	N/A
2009	+46.92%	N/A
2008	-27.48%	N/A
2007	-7.07%	N/A
2006	+13.96%	N/A
2005	+7.55%	N/A
2004	-7.35%	N/A
2003	+10.84%	N/A
2002	+6.78%	N/A
2001	+22.11%	N/A

LEO vs NFLT Drawdown Comparison

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

The maximum drawdown for NFLT was -15.17%, occurring on Mar 19, 2020. Recovery took 108 trading sessions.

The current LEO drawdown is -17.31%. The current NFLT drawdown is -0.50%.

Rank	LEO	NFLT
#1	-47.31% May 7, 2007 - Jan 5, 2010	-15.17% Feb 21, 2020 - Jul 27, 2020
#2	-41.48% Aug 27, 2021 - Oct 25, 2023	-13.41% Sep 14, 2021 - May 21, 2024
#3	-30.28% Feb 25, 2020 - Feb 5, 2021	-3.72% Jan 5, 2018 - Mar 7, 2019
#4	-23.62% Jan 8, 2013 - Nov 3, 2015	-3.37% Oct 30, 2015 - Mar 21, 2016
#5	-21.68% Jan 21, 2004 - Sep 7, 2005	-2.89% Feb 28, 2025 - May 20, 2025
#6	-19.81% Sep 10, 2010 - Oct 12, 2011	-2.84% Oct 25, 2016 - Jan 11, 2017
#7	-17.32% Aug 1, 2017 - Jul 2, 2019	-2.41% Feb 23, 2026 - Apr 17, 2026
#8	-12.16% Jul 8, 2016 - Jul 11, 2017	-2.27% Feb 5, 2021 - Jun 9, 2021
#9	-11.77% Oct 1, 2002 - Apr 29, 2003	-1.93% Dec 9, 2024 - Jan 29, 2025
#10	-11.61% Jun 12, 2003 - Jan 7, 2004	-1.80% Oct 1, 2024 - Dec 9, 2024
#11	-9.85% Aug 28, 2001 - Dec 31, 2001	-1.64% Sep 7, 2016 - Oct 7, 2016
#12	-8.30% Sep 7, 2005 - Mar 29, 2006	-1.33% Mar 3, 2017 - Apr 10, 2017
#13	-6.69% Mar 12, 2012 - May 9, 2012	-1.13% May 8, 2026 - May 29, 2026
#14	-6.02% Nov 29, 2012 - Jan 8, 2013	-1.03% Oct 16, 2017 - Dec 4, 2017
#15	-5.98% Dec 31, 2001 - Apr 5, 2002	-0.99% Jun 13, 2024 - Jul 10, 2024

Correlation

Correlation between LEO and NFLT is 0.48 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.48

-101

Dividend Comparison (2001 - 2026)

LEO vs NFLT dividend yield comparison.

Year	LEO	NFLT
2026	1.99%	1.97%
2025	4.03%	5.74%
2024	3.77%	5.76%
2023	4.37%	6.02%
2022	5.66%	4.16%
2021	4.84%	3.41%
2020	4.95%	3.63%
2019	4.94%	4.33%
2018	5.96%	4.81%
2017	5.97%	6.23%
2016	6.14%	5.30%
2015	6.04%	0.67%
2014	7.11%	0.00%
2013	7.74%	0.00%
2012	6.16%	0.00%
2011	6.61%	0.00%
2010	7.54%	0.00%
2009	6.32%	0.00%
2008	8.94%	0.00%
2007	6.13%	0.00%
2006	5.03%	0.00%
2005	6.51%	0.00%
2004	7.38%	0.00%
2003	7.32%	0.00%
2002	7.14%	0.00%
2001	5.74%	0.00%