MIY vs SCIO

Comparison between BlackRock MuniYield Michigan Quality Fund Inc (MIY, ETF) and FIRST TRUST STRUCTURED CREDIT INCOME OPPORTUNITIES ETF (SCIO, ETF).

MIY vs SCIO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MIY(ETF)	SCIO(ETF)
Net Assets	$358M	$357M
Expense Ratio	N/A	0.70%
Max Drawdown	50.82%	3.10%
Sharpe Ratio	0.81	0.82
5Y Beta	0.14	0.01
5Y Dividends CAGR	1.68%	N/A

Net Assets

Winner

MIY

$358M

SCIO

$357M

Expense Ratio

MIY

N/A

SCIO

0.70%

Max Drawdown

MIY

50.82%

Winner

SCIO

3.10%

Sharpe Ratio

MIY

0.81

Winner

SCIO

0.82

5Y Beta

MIY

0.14

Winner

SCIO

0.01

5Y Dividends CAGR

MIY

1.68%

SCIO

N/A

MIY vs SCIO - Historical Returns

Returns include dividend reinvestment.

Period	MIY	SCIO
1 month	+2.27%	+0.46%
3 months	-3.41%	+0.23%
6 months	+5.97%	+1.86%
1 year	+13.02%	+6.71%
5 years(CAGR)	-0.01%	N/A
10 years(CAGR)	+2.48%	N/A
Max(CAGR)	+5.55%	+7.90%

Winner

MIY

+2.27%

SCIO

+0.46%

MIY

-3.41%

Winner

SCIO

+0.23%

Winner

MIY

+5.97%

SCIO

+1.86%

Winner

MIY

+13.02%

SCIO

+6.71%

5Y(CAGR)

MIY

-0.01%

SCIO

N/A

10Y(CAGR)

MIY

+2.48%

SCIO

N/A

Max(CAGR)

MIY

+5.55%

Winner

SCIO

+7.90%

MIY vs SCIO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MIY	SCIO
2026	+6.19%	+1.43%
2025	+9.85%	+10.19%
2024	+2.85%	+6.43%
2023	+4.79%	N/A
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 SCIO Drawdown Comparison

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

The maximum drawdown for SCIO was -1.72%, occurring on Mar 26, 2026. This drawdown has not yet recovered.

The current MIY drawdown is -3.79%. The current SCIO drawdown is -0.35%.

Rank	MIY	SCIO
#1	-42.18% Feb 12, 2008 - Sep 3, 2009	-1.72% Feb 27, 2026 - Mar 26, 2026
#2	-34.58% Aug 2, 2021 - Mar 4, 2026	-1.41% Apr 3, 2025 - May 7, 2025
#3	-25.81% Jan 23, 2013 - Jan 4, 2016	-0.97% Sep 3, 2025 - Oct 22, 2025
#4	-24.40% Mar 4, 2020 - Aug 6, 2020	-0.96% Jun 23, 2025 - Jul 14, 2025
#5	-17.37% Aug 31, 2010 - Sep 29, 2011	-0.89% Jul 14, 2025 - Aug 1, 2025
#6	-13.79% Nov 5, 1999 - Dec 18, 2000	-0.86% Oct 2, 2024 - Nov 26, 2024
#7	-12.75% Jul 11, 2016 - Apr 12, 2019	-0.74% Dec 9, 2024 - Jan 16, 2025
#8	-11.86% Mar 24, 2004 - Sep 9, 2004	-0.74% Nov 7, 2025 - Nov 25, 2025
#9	-11.14% Jun 11, 2003 - Jan 7, 2004	-0.67% Mar 8, 2024 - Mar 26, 2024
#10	-10.97% Jan 24, 2006 - Feb 12, 2008	-0.66% Mar 27, 2024 - May 7, 2024
#11	-10.08% Mar 4, 2026 - Apr 7, 2026	-0.64% May 16, 2024 - Jun 4, 2024
#12	-9.04% Feb 10, 2012 - May 24, 2012	-0.59% Aug 5, 2024 - Aug 20, 2024
#13	-8.91% Oct 1, 2002 - Mar 5, 2003	-0.59% Jun 5, 2025 - Jun 11, 2025
#14	-8.41% Nov 28, 2012 - Jan 23, 2013	-0.57% Feb 6, 2025 - Feb 19, 2025
#15	-7.27% Nov 14, 2001 - May 28, 2002	-0.54% May 7, 2025 - May 27, 2025

Correlation

Correlation between MIY and SCIO is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2000 - 2026)

MIY vs SCIO dividend yield comparison.

Year	MIY	SCIO
2026	2.24%	2.31%
2025	5.57%	6.31%
2024	5.21%	6.02%
2023	3.86%	0.00%
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%