MFM vs DFP

Comparison between MFS Municipal Income Trust (MFM, ETF) and Flaherty & Crumrine Dynamic Preferred and Income Fund Inc (DFP, ETF).

5-Year PerformanceDFP has outperformed MFM, delivering a return of +0.8% compared to -0.5%

MFM vs DFP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFM(ETF)	DFP(ETF)
Net Assets	$464M	$461M
Max Drawdown	59.26%	50.80%
Sharpe Ratio	1.07	0.89
5Y Beta	0.16	0.38
5Y Dividends CAGR	0.16%	-3.45%

Net Assets

Winner

MFM

$464M

DFP

$461M

Max Drawdown

MFM

59.26%

Winner

DFP

50.80%

Sharpe Ratio

Winner

MFM

1.07

DFP

0.89

5Y Beta

Winner

MFM

0.16

DFP

0.38

5Y Dividends CAGR

Winner

MFM

0.16%

DFP

-3.45%

MFM vs DFP - Historical Returns

Returns include dividend reinvestment.

Period	MFM	DFP
1 month	+0.97%	+4.60%
3 months	+3.39%	+1.94%
6 months	+3.89%	+2.96%
1 year	+15.16%	+9.93%
5 years(CAGR)	-0.48%	+0.77%
10 years(CAGR)	+1.92%	+6.04%
Max(CAGR)	+5.08%	+6.51%

MFM

+0.97%

Winner

DFP

+4.60%

Winner

MFM

+3.39%

DFP

+1.94%

Winner

MFM

+3.89%

DFP

+2.96%

Winner

MFM

+15.16%

DFP

+9.93%

5Y(CAGR)

MFM

-0.48%

Winner

DFP

+0.77%

10Y(CAGR)

MFM

+1.92%

Winner

DFP

+6.04%

Max(CAGR)

MFM

+5.08%

Winner

DFP

+6.51%

MFM vs DFP - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MFM	DFP
2026	+6.30%	+4.94%
2025	+6.36%	+10.31%
2024	+7.72%	+19.43%
2023	+4.52%	-0.07%
2022	-21.84%	-26.48%
2021	+9.78%	+3.72%
2020	-1.42%	+16.02%
2019	+16.86%	+37.39%
2018	-5.41%	-17.37%
2017	+8.63%	+19.84%
2016	+1.49%	+11.94%
2015	+8.74%	+9.80%
2014	+13.39%	+17.05%
2013	-14.36%	-13.92%
2012	+14.85%	N/A
2011	+18.24%	N/A
2010	+0.65%	N/A
2009	+70.75%	N/A
2008	-36.78%	N/A
2007	-13.70%	N/A
2006	+11.48%	N/A
2005	+9.19%	N/A
2004	+8.26%	N/A
2003	+13.39%	N/A
2002	-1.94%	N/A
2001	+10.39%	N/A
2000	+13.66%	N/A
1999	-7.97%	N/A

MFM vs DFP Drawdown Comparison

The maximum drawdown for MFM was -54.24%, occurring on Dec 16, 2008. Recovery took 759 trading sessions.

The maximum drawdown for DFP was -47.27%, occurring on Mar 23, 2020. Recovery took 146 trading sessions.

The current MFM drawdown is -5.42%. The current DFP drawdown is -0.95%.

Rank	MFM	DFP
#1	-54.24% Apr 2, 2007 - Apr 7, 2010	-47.27% Feb 19, 2020 - Sep 16, 2020
#2	-34.38% Jul 29, 2021 - Oct 27, 2023	-39.97% Apr 21, 2021 - Feb 17, 2026
#3	-29.37% Feb 14, 2020 - May 6, 2021	-22.67% Dec 20, 2017 - Apr 16, 2019
#4	-24.74% Oct 1, 2012 - Dec 24, 2015	-19.29% May 29, 2013 - Jun 13, 2014
#5	-15.37% Mar 25, 2004 - Oct 27, 2004	-12.86% Oct 3, 2016 - Jan 23, 2017
#6	-15.26% Oct 29, 2010 - Sep 12, 2011	-9.97% Feb 18, 2026 - Mar 30, 2026
#7	-13.45% Nov 4, 1999 - Jun 2, 2000	-8.10% May 4, 2015 - Nov 3, 2015
#8	-12.02% Jul 8, 2016 - Jun 6, 2017	-6.40% Dec 22, 2020 - Feb 3, 2021
#9	-11.92% Sep 17, 2001 - Oct 4, 2002	-5.78% Jun 26, 2014 - Nov 11, 2014
#10	-11.67% Jul 13, 2017 - Feb 20, 2019	-5.74% Nov 30, 2015 - Dec 29, 2015
#11	-10.96% Aug 31, 2000 - Jan 4, 2001	-5.70% Feb 27, 2017 - Apr 7, 2017
#12	-10.86% Oct 4, 2002 - May 9, 2003	-5.42% Dec 1, 2014 - Jan 27, 2015
#13	-10.56% Jun 11, 2003 - Jan 6, 2004	-4.87% Feb 17, 2021 - Mar 11, 2021
#14	-9.57% Sep 13, 2005 - Jan 19, 2006	-4.71% Sep 8, 2016 - Sep 30, 2016
#15	-8.19% Feb 11, 2005 - May 11, 2005	-4.56% Jan 6, 2016 - Mar 14, 2016

Correlation

Correlation between MFM and DFP is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

MFM vs DFP dividend yield comparison.

Year	MFM	DFP
2026	3.15%	3.63%
2025	5.08%	6.99%
2024	4.65%	6.81%
2023	4.12%	7.39%
2022	4.85%	10.54%
2021	4.34%	7.03%
2020	4.70%	6.36%
2019	4.71%	6.41%
2018	5.91%	8.75%
2017	5.62%	7.11%
2016	5.72%	8.16%
2015	5.76%	8.38%
2014	6.04%	8.63%
2013	7.08%	4.83%
2012	6.31%	0.00%
2011	7.09%	0.00%
2010	7.86%	0.00%
2009	7.32%	0.00%
2008	11.29%	0.00%
2007	6.82%	0.00%
2006	5.82%	0.00%
2005	6.93%	0.00%
2004	7.10%	0.00%
2003	7.04%	0.00%
2002	7.38%	0.00%
2001	6.92%	0.00%
2000	3.01%	0.00%