MHD vs SPY
Comparison between BlackRock MuniHoldings Fund Inc (MHD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MHD, delivering a return of +13.3% compared to -1.7%
MHD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MHD
$2.20B
Winner
SPY
$652B
Expense Ratio
MHD
N/A
SPY
0.09%
Max Drawdown
Winner
MHD
52.64%
SPY
56.47%
Sharpe Ratio
MHD
0.73
Winner
SPY
2.07
5Y Beta
Winner
MHD
0.20
SPY
1.00
P/E Ratio
MHD
N/A
SPY
28.24
Forward P/E
MHD
N/A
SPY
21.85
5Y Dividends CAGR
MHD
1.25%
Winner
SPY
5.43%
5Y EPS CAGR
MHD
N/A
SPY
25.79%
Debt to Equity
MHD
N/A
SPY
22.35%
P/S Ratio
MHD
N/A
SPY
3.55
P/B Ratio
MHD
N/A
SPY
5.29
MHD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MHD
+1.71%
Winner
SPY
+9.11%
3M
MHD
+0.68%
Winner
SPY
+6.59%
6M
MHD
+3.51%
Winner
SPY
+10.56%
1Y
MHD
+10.46%
Winner
SPY
+32.04%
5Y(CAGR)
MHD
-1.67%
Winner
SPY
+13.35%
10Y(CAGR)
MHD
+0.86%
Winner
SPY
+15.49%
Max(CAGR)
MHD
+5.79%
Winner
SPY
+8.50%
MHD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MHD | SPY |
|---|---|---|
| 2026 | +3.17% | +8.27% |
| 2025 | +5.29% | +18.00% |
| 2024 | +3.21% | +25.59% |
| 2023 | +3.58% | +26.72% |
| 2022 | -23.27% | -18.64% |
| 2021 | +8.34% | +30.52% |
| 2020 | -0.26% | +17.28% |
| 2019 | +18.83% | +31.09% |
| 2018 | -5.10% | -5.24% |
| 2017 | +7.94% | +20.78% |
| 2016 | -0.22% | +13.59% |
| 2015 | +6.02% | +1.31% |
| 2014 | +26.00% | +14.56% |
| 2013 | -18.16% | +29.00% |
| 2012 | +19.47% | +14.17% |
| 2011 | +18.49% | +0.85% |
| 2010 | +11.41% | +13.14% |
| 2009 | +51.01% | +22.67% |
| 2008 | -26.35% | -36.25% |
| 2007 | -9.29% | +5.32% |
| 2006 | +8.54% | +13.85% |
| 2005 | +10.98% | +5.32% |
| 2004 | +11.87% | +10.75% |
| 2003 | +20.01% | +24.18% |
| 2002 | +6.02% | -22.42% |
| 2001 | +23.87% | -10.13% |
| 2000 | -7.41% | -8.84% |
| 1999 | -0.92% | +8.61% |
MHD vs SPY Drawdown Comparison
The maximum drawdown for MHD was -45.88%, occurring on Dec 16, 2008. Recovery took 394 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MHD drawdown is -13.18%.
| Rank | MHD | SPY |
|---|---|---|
| #1 | -45.88% Feb 12, 2008 - Sep 3, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -36.66% Dec 20, 2021 - Oct 25, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.31% Feb 24, 2020 - May 24, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.35% Feb 11, 2013 - Jan 6, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.10% Aug 3, 2017 - May 16, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.00% Jul 7, 2000 - Apr 12, 2001 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.77% Jul 1, 2016 - Jul 21, 2017 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.08% Sep 10, 2010 - Sep 6, 2011 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.85% Mar 17, 2004 - Aug 31, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.53% May 11, 2007 - Feb 8, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.05% Oct 8, 2001 - Aug 5, 2002 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.05% Feb 3, 2015 - Oct 28, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.89% Nov 2, 1999 - Jun 30, 2000 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.42% Jul 1, 2019 - Nov 29, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.96% Nov 29, 2012 - Jan 11, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MHD and SPY is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
Dividend Comparison (1999 - 2026)
MHD vs SPY dividend yield comparison.
| Year | MHD | SPY |
|---|---|---|
| 2026 | 2.01% | 0.24% |
| 2025 | 6.08% | 1.07% |
| 2024 | 5.58% | 1.21% |
| 2023 | 3.82% | 1.40% |
| 2022 | 5.63% | 1.65% |
| 2021 | 4.34% | 1.20% |
| 2020 | 4.49% | 1.52% |
| 2019 | 4.62% | 1.75% |
| 2018 | 6.11% | 2.04% |
| 2017 | 5.86% | 1.80% |
| 2016 | 6.16% | 2.03% |
| 2015 | 6.25% | 2.06% |
| 2014 | 6.20% | 1.87% |
| 2013 | 7.66% | 1.81% |
| 2012 | 7.14% | 2.18% |
| 2011 | 6.57% | 2.05% |
| 2010 | 7.69% | 1.80% |
| 2009 | 6.65% | 1.95% |
| 2008 | 8.83% | 3.02% |
| 2007 | 6.57% | 1.85% |
| 2006 | 5.62% | 1.73% |
| 2005 | 6.86% | 1.73% |
| 2004 | 7.22% | 1.82% |
| 2003 | 7.01% | 1.47% |
| 2002 | 6.90% | 1.70% |
| 2001 | 6.24% | 1.25% |
| 2000 | 2.80% | 1.15% |
| 1999 | 0.00% | 0.24% |
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