MIY vs CALI

Comparison between BlackRock MuniYield Michigan Quality Fund Inc (MIY, ETF) and BlackRock Short-Term California Muni Bond ETF (CALI, ETF).

MIY vs CALI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MIY(ETF)	CALI(ETF)
Net Assets	$359M	$361M
Expense Ratio	N/A	0.20%
Max Drawdown	50.82%	1.08%
Sharpe Ratio	1.01	-1.11
5Y Beta	0.14	0.01
5Y Dividends CAGR	-0.09%	N/A

Net Assets

MIY

$359M

Winner

CALI

$361M

Expense Ratio

MIY

N/A

CALI

0.20%

Max Drawdown

MIY

50.82%

Winner

CALI

1.08%

Sharpe Ratio

Winner

MIY

1.01

CALI

-1.11

5Y Beta

MIY

0.14

Winner

CALI

0.01

5Y Dividends CAGR

MIY

-0.09%

CALI

N/A

MIY vs CALI - Historical Returns

Returns include dividend reinvestment.

Period	MIY	CALI
1 month	+1.71%	+0.45%
3 months	-0.77%	+0.41%
6 months	+6.64%	+1.20%
1 year	+15.47%	+2.91%
5 years(CAGR)	-0.08%	N/A
10 years(CAGR)	+2.49%	N/A
Max(CAGR)	+5.54%	+3.12%

Winner

MIY

+1.71%

CALI

+0.45%

MIY

-0.77%

Winner

CALI

+0.41%

Winner

MIY

+6.64%

CALI

+1.20%

Winner

MIY

+15.47%

CALI

+2.91%

5Y(CAGR)

MIY

-0.08%

CALI

N/A

10Y(CAGR)

MIY

+2.49%

CALI

N/A

Max(CAGR)

Winner

MIY

+5.54%

CALI

+3.12%

MIY vs CALI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MIY	CALI
2026	+6.15%	+0.99%
2025	+9.85%	+3.26%
2024	+2.85%	+2.84%
2023	+4.79%	+1.97%
2022	-23.78%	N/A
2021	+9.95%	N/A
2020	+7.48%	N/A
2019	+17.81%	N/A
2018	-6.04%	N/A
2017	+8.69%	N/A
2016	+2.26%	N/A
2015	+5.94%	N/A
2014	+17.64%	N/A
2013	-16.80%	N/A
2012	+7.93%	N/A
2011	+25.37%	N/A
2010	+10.33%	N/A
2009	+40.58%	N/A
2008	-24.58%	N/A
2007	-3.81%	N/A
2006	-3.30%	N/A
2005	+7.52%	N/A
2004	+10.85%	N/A
2003	+12.00%	N/A
2002	+12.32%	N/A
2001	+13.29%	N/A
2000	+8.59%	N/A
1999	-4.48%	N/A

MIY vs CALI Drawdown Comparison

The maximum drawdown for MIY was -42.18%, occurring on Oct 10, 2008. Recovery took 394 trading sessions.

The maximum drawdown for CALI was -0.78%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.

The current MIY drawdown is -3.84%.

Rank	MIY	CALI
#1	-42.18% Feb 12, 2008 - Sep 3, 2009	-0.78% Apr 4, 2025 - May 27, 2025
#2	-34.58% Aug 2, 2021 - Mar 4, 2026	-0.67% Feb 27, 2026 - May 28, 2026
#3	-25.81% Jan 23, 2013 - Jan 4, 2016	-0.45% Sep 13, 2023 - Nov 3, 2023
#4	-24.40% Mar 4, 2020 - Aug 6, 2020	-0.32% Dec 2, 2024 - Jan 15, 2025
#5	-17.37% Aug 31, 2010 - Sep 29, 2011	-0.31% Mar 20, 2024 - May 2, 2024
#6	-13.79% Nov 5, 1999 - Dec 18, 2000	-0.24% Jan 9, 2024 - Feb 1, 2024
#7	-12.75% Jul 11, 2016 - Apr 12, 2019	-0.23% Mar 3, 2025 - Apr 1, 2025
#8	-11.86% Mar 24, 2004 - Sep 9, 2004	-0.22% Jan 17, 2025 - Jan 31, 2025
#9	-11.14% Jun 11, 2003 - Jan 7, 2004	-0.22% Oct 3, 2024 - Nov 4, 2024
#10	-10.97% Jan 24, 2006 - Feb 12, 2008	-0.19% Sep 17, 2025 - Oct 10, 2025
#11	-10.08% Mar 4, 2026 - Apr 7, 2026	-0.18% Nov 5, 2024 - Nov 8, 2024
#12	-9.04% Feb 10, 2012 - May 24, 2012	-0.17% Jan 15, 2025 - Jan 17, 2025
#13	-8.91% Oct 1, 2002 - Mar 5, 2003	-0.16% Jun 6, 2024 - Jun 12, 2024
#14	-8.41% Nov 28, 2012 - Jan 23, 2013	-0.16% Nov 8, 2024 - Nov 15, 2024
#15	-7.27% Nov 14, 2001 - May 28, 2002	-0.15% Jul 23, 2024 - Jul 30, 2024

Correlation

Correlation between MIY and CALI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

MIY vs CALI dividend yield comparison.

Year	MIY	CALI
2026	2.71%	0.99%
2025	5.57%	2.62%
2024	5.21%	3.14%
2023	3.86%	1.37%
2022	5.70%	0.00%
2021	4.38%	0.00%
2020	4.23%	0.00%
2019	4.27%	0.00%
2018	5.27%	0.00%
2017	5.46%	0.00%
2016	5.85%	0.00%
2015	5.66%	0.00%
2014	6.32%	0.00%
2013	7.36%	0.00%
2012	5.87%	0.00%
2011	6.02%	0.00%
2010	6.79%	0.00%
2009	5.87%	0.00%
2008	7.08%	0.00%
2007	5.36%	0.00%
2006	5.54%	0.00%
2005	6.21%	0.00%
2004	6.47%	0.00%
2003	6.54%	0.00%
2002	6.62%	0.00%
2001	5.53%	0.00%
2000	2.55%	0.00%