MFM vs SCJ

Comparison between MFS Municipal Income Trust (MFM, ETF) and ISHARES MSCI JAPAN SMALL-CAP ETF (SCJ, ETF).

5-Year PerformanceSCJ has outperformed MFM, delivering a return of +7.5% compared to -0.5%

MFM vs SCJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFM(ETF)	SCJ(ETF)
Net Assets	$247M	$245M
Expense Ratio	N/A	0.50%
Max Drawdown	59.26%	43.68%
Sharpe Ratio	0.87	1.42
5Y Beta	0.15	0.58
5Y Dividends CAGR	-1.90%	24.04%

Net Assets

Winner

MFM

$247M

SCJ

$245M

Expense Ratio

MFM

N/A

SCJ

0.50%

Max Drawdown

MFM

59.26%

Winner

SCJ

43.68%

Sharpe Ratio

MFM

0.87

Winner

SCJ

1.42

5Y Beta

Winner

MFM

0.15

SCJ

0.58

5Y Dividends CAGR

MFM

-1.90%

Winner

SCJ

24.04%

MFM vs SCJ - Historical Returns

Returns include dividend reinvestment.

Period	MFM	SCJ
1 month	+2.12%	+1.06%
3 months	+2.64%	+8.16%
6 months	+4.58%	+14.52%
1 year	+12.49%	+30.42%
5 years(CAGR)	-0.48%	+7.49%
10 years(CAGR)	+2.03%	+7.93%
Max(CAGR)	+5.05%	+6.08%

Winner

MFM

+2.12%

SCJ

+1.06%

MFM

+2.64%

Winner

SCJ

+8.16%

MFM

+4.58%

Winner

SCJ

+14.52%

MFM

+12.49%

Winner

SCJ

+30.42%

5Y(CAGR)

MFM

-0.48%

Winner

SCJ

+7.49%

10Y(CAGR)

MFM

+2.03%

Winner

SCJ

+7.93%

Max(CAGR)

MFM

+5.05%

Winner

SCJ

+6.08%

MFM vs SCJ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MFM	SCJ
2026	+4.89%	+14.85%
2025	+6.36%	+29.72%
2024	+7.72%	+4.07%
2023	+4.52%	+13.15%
2022	-21.84%	-12.73%
2021	+9.78%	-1.35%
2020	-1.42%	+6.59%
2019	+16.86%	+15.64%
2018	-5.41%	-17.56%
2017	+8.63%	+30.79%
2016	+1.49%	+9.93%
2015	+8.74%	+14.88%
2014	+13.39%	-1.33%
2013	-14.36%	+21.89%
2012	+14.85%	+3.63%
2011	+18.24%	-5.38%
2010	+0.65%	+15.88%
2009	+70.75%	+3.32%
2008	-36.78%	-20.70%
2007	-13.70%	-1.38%
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 SCJ Drawdown Comparison

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

The maximum drawdown for SCJ was -43.52%, occurring on Oct 10, 2008. Recovery took 684 trading sessions.

The current MFM drawdown is -6.67%. The current SCJ drawdown is -0.91%.

Rank	MFM	SCJ
#1	-54.24% Apr 2, 2007 - Apr 7, 2010	-43.52% May 16, 2008 - Feb 3, 2011
#2	-34.38% Jul 29, 2021 - Oct 27, 2023	-38.86% Jan 26, 2018 - Feb 8, 2021
#3	-29.37% Feb 14, 2020 - May 6, 2021	-33.24% Sep 13, 2021 - May 23, 2025
#4	-24.74% Oct 1, 2012 - Dec 24, 2015	-19.37% Feb 28, 2011 - Jul 21, 2011
#5	-15.37% Mar 25, 2004 - Oct 27, 2004	-15.45% May 8, 2013 - Oct 17, 2013
#6	-15.26% Oct 29, 2010 - Sep 12, 2011	-15.43% Jul 22, 2011 - Mar 1, 2013
#7	-13.45% Nov 4, 1999 - Jun 2, 2000	-13.94% Aug 10, 2015 - Apr 18, 2016
#8	-12.02% Jul 8, 2016 - Jun 6, 2017	-13.50% Jan 2, 2008 - May 15, 2008
#9	-11.92% Sep 17, 2001 - Oct 4, 2002	-12.35% Jul 28, 2014 - Mar 20, 2015
#10	-11.67% Jul 13, 2017 - Feb 20, 2019	-12.17% Feb 27, 2026 - Mar 20, 2026
#11	-10.96% Aug 31, 2000 - Jan 4, 2001	-9.33% Jan 22, 2014 - Jun 18, 2014
#12	-10.86% Oct 4, 2002 - May 9, 2003	-7.61% Mar 19, 2021 - Sep 3, 2021
#13	-10.56% Jun 11, 2003 - Jan 6, 2004	-6.34% Oct 22, 2013 - Jan 21, 2014
#14	-9.57% Sep 13, 2005 - Jan 19, 2006	-6.01% Sep 16, 2025 - Dec 15, 2025
#15	-8.19% Feb 11, 2005 - May 11, 2005	-5.32% Jun 26, 2015 - Aug 10, 2015

Correlation

Correlation between MFM and SCJ is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2000 - 2026)

MFM vs SCJ dividend yield comparison.

Year	MFM	SCJ
2026	2.18%	0.88%
2025	5.08%	3.14%
2024	4.65%	1.79%
2023	4.12%	1.99%
2022	4.85%	1.18%
2021	4.34%	1.87%
2020	4.70%	0.89%
2019	4.71%	1.85%
2018	5.91%	1.44%
2017	5.62%	1.45%
2016	5.72%	2.73%
2015	5.76%	1.53%
2014	6.04%	2.31%
2013	7.08%	1.85%
2012	6.31%	2.88%
2011	7.09%	2.48%
2010	7.86%	1.92%
2009	7.32%	2.08%
2008	11.29%	1.45%
2007	6.82%	0.04%
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%