MHF vs IMOM

Comparison between Western Asset Municipal High Income Fund Inc (MHF, ETF) and ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE MOMENTUM ETF (IMOM, ETF).

5-Year PerformanceIMOM has outperformed MHF, delivering a return of +7.5% compared to +1.3%

MHF vs IMOM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MHF(ETF)	IMOM(ETF)
Net Assets	$153M	$153M
Expense Ratio	N/A	0.38%
Max Drawdown	35.92%	47.07%
Sharpe Ratio	0.15	1.43
5Y Beta	0.20	0.85
5Y Dividends CAGR	10.43%	53.23%

Net Assets

MHF

$153M

Winner

IMOM

$153M

Expense Ratio

MHF

N/A

IMOM

0.38%

Max Drawdown

Winner

MHF

35.92%

IMOM

47.07%

Sharpe Ratio

MHF

0.15

Winner

IMOM

1.43

5Y Beta

Winner

MHF

0.20

IMOM

0.85

5Y Dividends CAGR

MHF

10.43%

Winner

IMOM

53.23%

MHF vs IMOM - Historical Returns

Returns include dividend reinvestment.

Period	MHF	IMOM
1 month	-0.81%	-4.02%
3 months	-0.17%	+2.06%
6 months	+0.66%	+17.13%
1 year	+5.15%	+34.79%
5 years(CAGR)	+1.31%	+7.45%
10 years(CAGR)	+2.56%	+7.44%
Max(CAGR)	+4.91%	+7.52%

Winner

MHF

-0.81%

IMOM

-4.02%

MHF

-0.17%

Winner

IMOM

+2.06%

MHF

+0.66%

Winner

IMOM

+17.13%

MHF

+5.15%

Winner

IMOM

+34.79%

5Y(CAGR)

MHF

+1.31%

Winner

IMOM

+7.45%

10Y(CAGR)

MHF

+2.56%

Winner

IMOM

+7.44%

Max(CAGR)

MHF

+4.91%

Winner

IMOM

+7.52%

MHF vs IMOM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MHF	IMOM
2026	+2.36%	+11.17%
2025	+5.62%	+46.80%
2024	+11.13%	+6.38%
2023	+3.08%	+9.92%
2022	-17.27%	-22.11%
2021	+10.73%	-2.16%
2020	+2.74%	+26.49%
2019	+11.83%	+18.49%
2018	-2.40%	-23.45%
2017	+7.69%	+33.06%
2016	-4.81%	-8.55%
2015	+6.80%	N/A
2014	+20.30%	N/A
2013	-12.41%	N/A
2012	+6.95%	N/A
2011	+16.94%	N/A
2010	+3.58%	N/A
2009	+18.79%	N/A
2008	-6.14%	N/A
2007	-3.49%	N/A
2006	+15.59%	N/A
2005	+6.05%	N/A
2004	-0.82%	N/A
2003	+9.44%	N/A
2002	-2.15%	N/A
2001	+2.25%	N/A
2000	+21.56%	N/A
1999	-5.06%	N/A

MHF vs IMOM Drawdown Comparison

The maximum drawdown for MHF was -29.95%, occurring on Oct 6, 2008. Recovery took 412 trading sessions.

The maximum drawdown for IMOM was -45.70%, occurring on Mar 18, 2020. Recovery took 716 trading sessions.

The current MHF drawdown is -6.19%. The current IMOM drawdown is -6.76%.

Rank	MHF	IMOM
#1	-29.95% Jul 9, 2008 - Feb 26, 2010	-45.70% Jan 29, 2018 - Dec 1, 2020
#2	-26.72% Oct 25, 2021 - Feb 19, 2025	-39.27% Sep 15, 2021 - Jun 24, 2025
#3	-24.97% Feb 25, 2020 - Jan 26, 2021	-16.48% Jul 29, 2016 - Jun 2, 2017
#4	-24.71% Sep 26, 2012 - Dec 2, 2015	-16.22% Feb 16, 2021 - Sep 7, 2021
#5	-14.28% May 12, 2016 - Sep 19, 2017	-15.61% Feb 25, 2026 - May 6, 2026
#6	-14.13% Sep 28, 2010 - Sep 9, 2011	-14.05% Jan 4, 2016 - Apr 4, 2016
#7	-13.32% Mar 25, 2025 - Sep 19, 2025	-6.76% May 26, 2026 - Jun 5, 2026
#8	-13.25% Nov 12, 1999 - Jul 5, 2000	-5.71% Jun 20, 2016 - Jul 1, 2016
#9	-12.46% May 10, 2007 - May 30, 2008	-5.57% Jan 25, 2021 - Feb 9, 2021
#10	-11.92% Aug 24, 2001 - Jun 13, 2003	-4.92% Jan 27, 2026 - Feb 9, 2026
#11	-10.85% Mar 23, 2004 - May 26, 2005	-4.74% Nov 24, 2017 - Jan 3, 2018
#12	-9.99% Sep 19, 2017 - May 23, 2019	-4.30% May 13, 2026 - May 26, 2026
#13	-9.96% Sep 19, 2025 - Mar 27, 2026	-4.17% Nov 13, 2025 - Dec 10, 2025
#14	-9.23% Feb 27, 2012 - May 1, 2012	-4.15% Jun 8, 2017 - Jul 19, 2017
#15	-8.80% Jul 1, 2021 - Oct 25, 2021	-3.92% Oct 6, 2025 - Nov 10, 2025

Correlation

Correlation between MHF and IMOM is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (1999 - 2026)

MHF vs IMOM dividend yield comparison.

Year	MHF	IMOM
2026	2.48%	0.00%
2025	5.93%	2.53%
2024	5.65%	4.52%
2023	3.78%	2.95%
2022	3.72%	6.06%
2021	3.23%	1.27%
2020	3.75%	0.59%
2019	4.02%	1.17%
2018	4.42%	0.78%
2017	4.14%	1.11%
2016	4.53%	0.54%
2015	4.45%	0.00%
2014	4.73%	0.00%
2013	5.59%	0.00%
2012	5.13%	0.00%
2011	5.57%	0.00%
2010	6.14%	0.00%
2009	5.98%	0.00%
2008	6.66%	0.00%
2007	5.66%	0.00%
2006	4.92%	0.00%
2005	6.10%	0.00%
2004	7.38%	0.00%
2003	7.22%	0.00%
2002	7.46%	0.00%
2001	7.17%	0.00%
2000	7.16%	0.00%
1999	1.34%	0.00%