MMCA vs PBJ

Comparison between NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF (MMCA, ETF) and INVESCO FOOD & BEVERAGE ETF (PBJ, ETF).

5-Year PerformancePBJ has outperformed MMCA, delivering a return of +4.9% compared to +0.1%

MMCA vs PBJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMCA(ETF)	PBJ(ETF)
Net Assets	$89M	$89M
Expense Ratio	0.36%	0.61%
Max Drawdown	17.98%	41.72%
Sharpe Ratio	0.55	-0.07
5Y Beta	0.03	0.37
P/E Ratio	N/A	21.59
Forward P/E	N/A	15.32
PEG Ratio	N/A	0.16
5Y Dividends CAGR	N/A	9.50%
5Y EPS CAGR	N/A	5.42%
Debt to Equity	N/A	10.96%
P/S Ratio	N/A	0.48
P/B Ratio	N/A	2.13

Net Assets

Winner

MMCA

$89M

PBJ

$89M

Expense Ratio

Winner

MMCA

0.36%

PBJ

0.61%

Max Drawdown

Winner

MMCA

17.98%

PBJ

41.72%

Sharpe Ratio

Winner

MMCA

0.55

PBJ

-0.07

5Y Beta

Winner

MMCA

0.03

PBJ

0.37

P/E Ratio

MMCA

N/A

PBJ

21.59

Forward P/E

MMCA

N/A

PBJ

15.32

PEG Ratio

MMCA

N/A

PBJ

0.16

5Y Dividends CAGR

MMCA

N/A

PBJ

9.50%

5Y EPS CAGR

MMCA

N/A

PBJ

5.42%

Debt to Equity

MMCA

N/A

PBJ

10.96%

P/S Ratio

MMCA

N/A

PBJ

0.48

P/B Ratio

MMCA

N/A

PBJ

2.13

MMCA vs PBJ - Historical Returns

Returns include dividend reinvestment.

Period	MMCA	PBJ
1 month	-0.89%	+5.02%
3 months	-0.44%	-1.97%
6 months	-0.16%	+4.01%
1 year	+4.86%	+2.04%
5 years(CAGR)	+0.05%	+4.91%
10 years(CAGR)	N/A	+4.92%
Max(CAGR)	+0.05%	+7.27%

MMCA

-0.89%

Winner

PBJ

+5.02%

Winner

MMCA

-0.44%

PBJ

-1.97%

MMCA

-0.16%

Winner

PBJ

+4.01%

Winner

MMCA

+4.86%

PBJ

+2.04%

5Y(CAGR)

MMCA

+0.05%

Winner

PBJ

+4.91%

10Y(CAGR)

MMCA

N/A

PBJ

+4.92%

Max(CAGR)

MMCA

+0.05%

Winner

PBJ

+7.27%

MMCA vs PBJ - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	MMCA	PBJ
2026	+0.25%	+9.13%
2025	+5.53%	-2.48%
2024	+1.70%	+1.69%
2023	+5.62%	+3.23%
2022	-12.10%	+2.72%
2021	+0.01%	+27.48%
2020	N/A	+6.93%
2019	N/A	+17.62%
2018	N/A	-10.67%
2017	N/A	+1.06%
2016	N/A	+7.78%
2015	N/A	+7.18%
2014	N/A	+18.70%
2013	N/A	+30.21%
2012	N/A	+5.22%
2011	N/A	+5.66%
2010	N/A	+28.95%
2009	N/A	+8.80%
2008	N/A	-20.79%
2007	N/A	+6.17%
2006	N/A	+16.10%
2005	N/A	-2.80%

MMCA vs PBJ Drawdown Comparison

The maximum drawdown for MMCA was -15.97%, occurring on Oct 27, 2022. Recovery took 1011 trading sessions.

The maximum drawdown for PBJ was -39.15%, occurring on Mar 9, 2009. Recovery took 759 trading sessions.

The current MMCA drawdown is -1.86%. The current PBJ drawdown is -4.27%.

Rank	MMCA	PBJ
#1	-15.97% Dec 22, 2021 - Jan 5, 2026	-39.15% Oct 9, 2007 - Oct 13, 2010
#2	-3.01% Feb 27, 2026 - Mar 26, 2026	-28.49% Sep 5, 2019 - Dec 1, 2020
#3	-0.32% Jan 16, 2026 - Jan 30, 2026	-17.02% Jan 26, 2018 - Jul 3, 2019
#4	-0.06% Feb 2, 2026 - Feb 4, 2026	-15.83% Apr 20, 2022 - Mar 13, 2024
#5	-0.05% Feb 10, 2026 - Feb 12, 2026	-15.66% Jul 21, 2011 - Jul 3, 2012
#6	-0.04% Jan 9, 2026 - Jan 13, 2026	-12.47% Jul 23, 2025 - Feb 3, 2026
#7	-0.04% Jan 14, 2026 - Jan 16, 2026	-11.31% Nov 29, 2024 - Jul 22, 2025
#8	-0.00% Jan 7, 2026 - Jan 9, 2026	-10.96% Aug 17, 2015 - Jun 30, 2016
#9	N/A	-9.61% Jun 1, 2007 - Oct 9, 2007
#10	N/A	-9.25% Jul 25, 2016 - Jan 19, 2018
#11	N/A	-8.85% Feb 27, 2026 - Jun 22, 2026
#12	N/A	-8.23% Jun 7, 2021 - Nov 5, 2021
#13	N/A	-7.99% Jul 19, 2005 - Mar 17, 2006
#14	N/A	-7.91% Mar 27, 2024 - Nov 25, 2024
#15	N/A	-7.60% Aug 5, 2013 - Feb 20, 2014

Correlation

Correlation between MMCA and PBJ is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.65

-101

Dividend Comparison (2005 - 2026)

MMCA vs PBJ dividend yield comparison.

Year	MMCA	PBJ
2026	1.61%	0.60%
2025	3.39%	1.83%
2024	3.66%	1.11%
2023	3.57%	1.81%
2022	2.90%	1.81%
2021	0.05%	0.90%
2020	0.00%	1.12%
2019	0.00%	1.21%
2018	0.00%	1.41%
2017	0.00%	0.70%
2016	0.00%	1.56%
2015	0.00%	1.24%
2014	0.00%	1.32%
2013	0.00%	0.85%
2012	0.00%	1.58%
2011	0.00%	0.96%
2010	0.00%	1.14%
2009	0.00%	1.81%
2008	0.00%	1.80%
2007	0.00%	3.12%
2006	0.00%	0.93%
2005	0.00%	0.51%