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MIY vs SPY

Comparison between BlackRock MuniYield Michigan Quality Fund Inc (MIY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MIY, delivering a return of +13.3% compared to -0.0%

MIY vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
MIY
$358M
Winner
SPY
$735B
Expense Ratio
MIY
N/A
SPY
0.09%
Max Drawdown
Winner
MIY
50.82%
SPY
56.47%
Sharpe Ratio
MIY
0.81
Winner
SPY
1.62
5Y Beta
Winner
MIY
0.14
SPY
1.00
P/E Ratio
MIY
N/A
SPY
28.99
Forward P/E
MIY
N/A
SPY
22.37
5Y Dividends CAGR
MIY
1.68%
Winner
SPY
5.43%
5Y EPS CAGR
MIY
N/A
SPY
26.05%
Debt to Equity
MIY
N/A
SPY
32.40%
P/S Ratio
MIY
N/A
SPY
3.74
P/B Ratio
MIY
N/A
SPY
5.61

MIY vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
MIY
+2.27%
SPY
+1.90%
3M
MIY
-3.41%
Winner
SPY
+8.55%
6M
MIY
+5.97%
Winner
SPY
+8.18%
1Y
MIY
+13.02%
Winner
SPY
+25.79%
5Y(CAGR)
MIY
-0.01%
Winner
SPY
+13.32%
10Y(CAGR)
MIY
+2.48%
Winner
SPY
+15.19%
Max(CAGR)
MIY
+5.55%
Winner
SPY
+8.47%

MIY vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMIYSPY
2026+6.19%+8.26%
2025+9.85%+18.00%
2024+2.85%+25.59%
2023+4.79%+26.72%
2022-23.78%-18.64%
2021+9.95%+30.52%
2020+7.48%+17.28%
2019+17.81%+31.09%
2018-6.04%-5.24%
2017+8.69%+20.78%
2016+2.26%+13.59%
2015+5.94%+1.31%
2014+17.64%+14.56%
2013-16.80%+29.00%
2012+7.93%+14.17%
2011+25.37%+0.85%
2010+10.33%+13.14%
2009+40.58%+22.67%
2008-24.58%-36.25%
2007-3.81%+5.32%
2006-3.30%+13.85%
2005+7.52%+5.32%
2004+10.85%+10.75%
2003+12.00%+24.18%
2002+12.32%-22.42%
2001+13.29%-10.13%
2000+8.59%-8.84%
1999-4.48%+8.61%

MIY vs SPY Drawdown Comparison

The maximum drawdown for MIY was -42.18%, occurring on Oct 10, 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 MIY drawdown is -3.79%. The current SPY drawdown is -2.90%.

RankMIYSPY
#1-42.18%
Feb 12, 2008 - Sep 3, 2009		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-34.58%
Aug 2, 2021 - Mar 4, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-25.81%
Jan 23, 2013 - Jan 4, 2016		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-24.40%
Mar 4, 2020 - Aug 6, 2020		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-17.37%
Aug 31, 2010 - Sep 29, 2011		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-13.79%
Nov 5, 1999 - Dec 18, 2000		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-12.75%
Jul 11, 2016 - Apr 12, 2019		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-11.86%
Mar 24, 2004 - Sep 9, 2004		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-11.14%
Jun 11, 2003 - Jan 7, 2004		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-10.97%
Jan 24, 2006 - Feb 12, 2008		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-10.08%
Mar 4, 2026 - Apr 7, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-9.04%
Feb 10, 2012 - May 24, 2012		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-8.91%
Oct 1, 2002 - Mar 5, 2003		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-8.41%
Nov 28, 2012 - Jan 23, 2013		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-7.27%
Nov 14, 2001 - May 28, 2002		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MIY and SPY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83
-101

Dividend Comparison (1999 - 2026)

MIY vs SPY dividend yield comparison.

YearMIYSPY
20262.24%0.24%
20255.57%1.07%
20245.21%1.21%
20233.86%1.40%
20225.70%1.65%
20214.38%1.20%
20204.23%1.52%
20194.27%1.75%
20185.27%2.04%
20175.46%1.80%
20165.85%2.03%
20155.66%2.06%
20146.32%1.87%
20137.36%1.81%
20125.87%2.18%
20116.02%2.05%
20106.79%1.80%
20095.87%1.95%
20087.08%3.02%
20075.36%1.85%
20065.54%1.73%
20056.21%1.73%
20046.47%1.82%
20036.54%1.47%
20026.62%1.70%
20015.53%1.25%
20002.55%1.15%
19990.00%0.24%

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