MHD vs USTB

Comparison between BlackRock MuniHoldings Fund Inc (MHD, ETF) and VICTORYSHARES SHORT-TERM BOND ETF FORMERLY VICTORYSHARES USAA CORE SHORT-TERM BOND ETF VICTORYSHARES SHORT-TERM BOND ETF (USTB, ETF).

5-Year PerformanceUSTB has outperformed MHD, delivering a return of +3.6% compared to -2.4%

MHD vs USTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MHD(ETF)	USTB(ETF)
Net Assets	$2.20B	$2.30B
Expense Ratio	N/A	0.34%
Max Drawdown	52.64%	7.56%
Sharpe Ratio	0.65	0.10
5Y Beta	0.21	0.01
5Y Dividends CAGR	1.25%	16.23%

Net Assets

MHD

$2.20B

Winner

USTB

$2.30B

Expense Ratio

MHD

N/A

USTB

0.34%

Max Drawdown

MHD

52.64%

Winner

USTB

7.56%

Sharpe Ratio

Winner

MHD

0.65

USTB

0.10

5Y Beta

MHD

0.21

Winner

USTB

0.01

5Y Dividends CAGR

MHD

1.25%

Winner

USTB

16.23%

MHD vs USTB - Historical Returns

Returns include dividend reinvestment.

Period	MHD	USTB
1 month	-0.95%	+0.35%
3 months	-0.52%	+0.86%
6 months	+0.41%	+1.36%
1 year	+9.78%	+4.00%
5 years(CAGR)	-2.44%	+3.58%
10 years(CAGR)	+0.41%	+3.47%
Max(CAGR)	+5.72%	+3.47%

MHD

-0.95%

Winner

USTB

+0.35%

MHD

-0.52%

Winner

USTB

+0.86%

MHD

+0.41%

Winner

USTB

+1.36%

Winner

MHD

+9.78%

USTB

+4.00%

5Y(CAGR)

MHD

-2.44%

Winner

USTB

+3.58%

10Y(CAGR)

MHD

+0.41%

Winner

USTB

+3.47%

Max(CAGR)

Winner

MHD

+5.72%

USTB

+3.47%

MHD vs USTB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MHD	USTB
2026	+2.89%	+1.87%
2025	+5.29%	+6.13%
2024	+3.21%	+6.81%
2023	+3.58%	+6.57%
2022	-23.27%	-2.72%
2021	+8.34%	+0.89%
2020	-0.26%	+5.00%
2019	+18.83%	+4.99%
2018	-5.10%	+1.12%
2017	+7.94%	+0.35%
2016	-0.22%	N/A
2015	+6.02%	N/A
2014	+26.00%	N/A
2013	-18.16%	N/A
2012	+19.47%	N/A
2011	+18.49%	N/A
2010	+11.41%	N/A
2009	+51.01%	N/A
2008	-26.35%	N/A
2007	-9.29%	N/A
2006	+8.54%	N/A
2005	+10.98%	N/A
2004	+11.87%	N/A
2003	+20.01%	N/A
2002	+6.02%	N/A
2001	+23.87%	N/A
2000	-7.41%	N/A
1999	-0.92%	N/A

MHD vs USTB Drawdown Comparison

The maximum drawdown for MHD was -45.88%, occurring on Dec 16, 2008. Recovery took 394 trading sessions.

The maximum drawdown for USTB was -5.32%, occurring on Mar 24, 2020. Recovery took 65 trading sessions.

The current MHD drawdown is -13.42%.

Rank	MHD	USTB
#1	-45.88% Feb 12, 2008 - Sep 3, 2009	-5.32% Mar 4, 2020 - Jun 5, 2020
#2	-36.66% Dec 20, 2021 - Oct 25, 2023	-4.96% Sep 9, 2021 - Jul 13, 2023
#3	-31.31% Feb 24, 2020 - May 24, 2021	-1.02% Aug 30, 2023 - Nov 3, 2023
#4	-24.35% Feb 11, 2013 - Jan 6, 2015	-0.84% Feb 27, 2026 - May 1, 2026
#5	-18.10% Aug 3, 2017 - May 16, 2019	-0.81% Dec 29, 2017 - Aug 6, 2018
#6	-17.00% Jul 7, 2000 - Apr 12, 2001	-0.68% Sep 27, 2024 - Dec 3, 2024
#7	-15.77% Jul 1, 2016 - Jul 21, 2017	-0.67% Jul 13, 2023 - Aug 4, 2023
#8	-15.08% Sep 10, 2010 - Sep 6, 2011	-0.65% Apr 3, 2025 - Apr 28, 2025
#9	-14.85% Mar 17, 2004 - Aug 31, 2004	-0.62% Sep 4, 2019 - Oct 2, 2019
#10	-13.53% May 11, 2007 - Feb 8, 2008	-0.48% Apr 4, 2024 - May 2, 2024
#11	-10.05% Oct 8, 2001 - Aug 5, 2002	-0.46% Jan 31, 2024 - Mar 1, 2024
#12	-10.05% Feb 3, 2015 - Oct 28, 2015	-0.43% Aug 8, 2023 - Aug 25, 2023
#13	-9.89% Nov 2, 1999 - Jun 30, 2000	-0.40% Sep 21, 2018 - Nov 16, 2018
#14	-9.42% Jul 1, 2019 - Nov 29, 2019	-0.40% Oct 4, 2019 - Nov 22, 2019
#15	-8.96% Nov 29, 2012 - Jan 11, 2013	-0.38% Aug 2, 2024 - Aug 21, 2024

Correlation

Correlation between MHD and USTB is 0.15 which considered as a very weak or no correlation - the stocks move independently of each other.

0.15

-101

Dividend Comparison (2000 - 2026)

MHD vs USTB dividend yield comparison.

Year	MHD	USTB
2026	3.58%	2.68%
2025	6.08%	4.63%
2024	5.58%	5.05%
2023	3.82%	4.49%
2022	5.63%	2.54%
2021	4.34%	1.84%
2020	4.49%	2.59%
2019	4.62%	2.69%
2018	6.11%	2.32%
2017	5.86%	0.43%
2016	6.16%	0.00%
2015	6.25%	0.00%
2014	6.20%	0.00%
2013	7.66%	0.00%
2012	7.14%	0.00%
2011	6.57%	0.00%
2010	7.69%	0.00%
2009	6.65%	0.00%
2008	8.83%	0.00%
2007	6.57%	0.00%
2006	5.62%	0.00%
2005	6.86%	0.00%
2004	7.22%	0.00%
2003	7.01%	0.00%
2002	6.90%	0.00%
2001	6.24%	0.00%
2000	2.80%	0.00%