MFM vs IBND

Comparison between MFS Municipal Income Trust (MFM, ETF) and SPDR(R) BLOOMBERG INTERNATIONAL CORPORATE BOND ETF (IBND, ETF).

5-Year PerformanceMFM has outperformed IBND, delivering a return of -0.5% compared to -1.4%

MFM vs IBND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFM(ETF)	IBND(ETF)
Net Assets	$464M	$462M
Expense Ratio	N/A	0.50%
Max Drawdown	59.26%	36.02%
Sharpe Ratio	1.07	-0.57
5Y Beta	0.16	0.06
5Y Dividends CAGR	0.16%	42.67%

Net Assets

Winner

MFM

$464M

IBND

$462M

Expense Ratio

MFM

N/A

IBND

0.50%

Max Drawdown

MFM

59.26%

Winner

IBND

36.02%

Sharpe Ratio

Winner

MFM

1.07

IBND

-0.57

5Y Beta

MFM

0.16

Winner

IBND

0.06

5Y Dividends CAGR

MFM

0.16%

Winner

IBND

42.67%

MFM vs IBND - Historical Returns

Returns include dividend reinvestment.

Period	MFM	IBND
1 month	+0.97%	-0.83%
3 months	+3.39%	-2.53%
6 months	+3.89%	-2.74%
1 year	+15.16%	-1.67%
5 years(CAGR)	-0.48%	-1.44%
10 years(CAGR)	+1.92%	+0.56%
Max(CAGR)	+5.08%	+1.29%

Winner

MFM

+0.97%

IBND

-0.83%

Winner

MFM

+3.39%

IBND

-2.53%

Winner

MFM

+3.89%

IBND

-2.74%

Winner

MFM

+15.16%

IBND

-1.67%

5Y(CAGR)

Winner

MFM

-0.48%

IBND

-1.44%

10Y(CAGR)

Winner

MFM

+1.92%

IBND

+0.56%

Max(CAGR)

Winner

MFM

+5.08%

IBND

+1.29%

MFM vs IBND - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MFM	IBND
2026	+6.30%	-2.50%
2025	+6.36%	+17.24%
2024	+7.72%	-1.83%
2023	+4.52%	+11.58%
2022	-21.84%	-18.66%
2021	+9.78%	-8.55%
2020	-1.42%	+11.93%
2019	+16.86%	+5.37%
2018	-5.41%	-6.18%
2017	+8.63%	+16.62%
2016	+1.49%	+0.55%
2015	+8.74%	-10.02%
2014	+13.39%	-4.11%
2013	-14.36%	+5.28%
2012	+14.85%	+11.98%
2011	+18.24%	-0.32%
2010	+0.65%	+7.55%
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 IBND Drawdown Comparison

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

The maximum drawdown for IBND was -35.62%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current MFM drawdown is -5.42%. The current IBND drawdown is -11.03%.

Rank	MFM	IBND
#1	-54.24% Apr 2, 2007 - Apr 7, 2010	-35.62% Dec 30, 2020 - Sep 27, 2022
#2	-34.38% Jul 29, 2021 - Oct 27, 2023	-21.72% May 6, 2014 - Nov 25, 2020
#3	-29.37% Feb 14, 2020 - May 6, 2021	-11.03% May 2, 2011 - Oct 4, 2012
#4	-24.74% Oct 1, 2012 - Dec 24, 2015	-8.60% Oct 14, 2010 - Apr 8, 2011
#5	-15.37% Mar 25, 2004 - Oct 27, 2004	-6.01% Feb 1, 2013 - Sep 18, 2013
#6	-15.26% Oct 29, 2010 - Sep 12, 2011	-4.34% May 20, 2010 - Jul 6, 2010
#7	-13.45% Nov 4, 1999 - Jun 2, 2000	-3.88% Aug 6, 2010 - Sep 22, 2010
#8	-12.02% Jul 8, 2016 - Jun 6, 2017	-3.47% Oct 24, 2013 - Feb 13, 2014
#9	-11.92% Sep 17, 2001 - Oct 4, 2002	-2.62% Oct 17, 2012 - Dec 4, 2012
#10	-11.67% Jul 13, 2017 - Feb 20, 2019	-1.89% Dec 27, 2012 - Jan 10, 2013
#11	-10.96% Aug 31, 2000 - Jan 4, 2001	-1.80% Mar 18, 2014 - Apr 11, 2014
#12	-10.86% Oct 4, 2002 - May 9, 2003	-0.98% Jul 19, 2010 - Jul 23, 2010
#13	-10.56% Jun 11, 2003 - Jan 6, 2004	-0.97% Dec 4, 2012 - Dec 12, 2012
#14	-9.57% Sep 13, 2005 - Jan 19, 2006	-0.92% Oct 3, 2013 - Oct 17, 2013
#15	-8.19% Feb 11, 2005 - May 11, 2005	-0.92% Oct 4, 2012 - Oct 16, 2012

Correlation

Correlation between MFM and IBND is 0.35 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.35

-101

Dividend Comparison (2000 - 2026)

MFM vs IBND dividend yield comparison.

Year	MFM	IBND
2026	3.15%	1.40%
2025	5.08%	2.49%
2024	4.65%	2.61%
2023	4.12%	2.08%
2022	4.85%	0.54%
2021	4.34%	0.38%
2020	4.70%	0.45%
2019	4.71%	0.67%
2018	5.91%	0.71%
2017	5.62%	0.34%
2016	5.72%	0.01%
2015	5.76%	0.01%
2014	6.04%	1.66%
2013	7.08%	1.24%
2012	6.31%	1.21%
2011	7.09%	2.40%
2010	7.86%	2.16%
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%