MMCA vs RFDA

Comparison between NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF (MMCA, ETF) and ALPS DYNAMIC US DIVIDEND ADVANTAGE ETF (RFDA, ETF).

MMCA vs RFDA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMCA(ETF)	RFDA(ETF)
Net Assets	$88M	$88M
Expense Ratio	0.36%	0.52%
Max Drawdown	17.98%	34.81%
Sharpe Ratio	0.94	1.89
5Y Beta	0.03	0.89
P/E Ratio	N/A	22.41
Forward P/E	N/A	15.57
PEG Ratio	N/A	0.49
5Y Dividends CAGR	N/A	13.55%
5Y EPS CAGR	N/A	15.87%
P/S Ratio	N/A	1.84
P/B Ratio	N/A	2.91

Net Assets

Winner

MMCA

$88M

RFDA

$88M

Expense Ratio

Winner

MMCA

0.36%

RFDA

0.52%

Max Drawdown

Winner

MMCA

17.98%

RFDA

34.81%

Sharpe Ratio

MMCA

0.94

Winner

RFDA

1.89

5Y Beta

Winner

MMCA

0.03

RFDA

0.89

P/E Ratio

MMCA

N/A

RFDA

22.41

Forward P/E

MMCA

N/A

RFDA

15.57

PEG Ratio

MMCA

N/A

RFDA

0.49

5Y Dividends CAGR

MMCA

N/A

RFDA

13.55%

5Y EPS CAGR

MMCA

N/A

RFDA

15.87%

P/S Ratio

MMCA

N/A

RFDA

1.84

P/B Ratio

MMCA

N/A

RFDA

2.91

MMCA vs RFDA - Historical Returns

Returns include dividend reinvestment.

Period	MMCA	RFDA
1 month	+0.44%	+3.33%
3 months	+0.26%	+12.91%
6 months	+1.36%	+12.60%
1 year	+5.91%	+28.12%
5 years(CAGR)	+0.18%	+13.05%
10 years(CAGR)	N/A	+13.45%
Max(CAGR)	+0.18%	+13.37%

MMCA

+0.44%

Winner

RFDA

+3.33%

MMCA

+0.26%

Winner

RFDA

+12.91%

MMCA

+1.36%

Winner

RFDA

+12.60%

MMCA

+5.91%

Winner

RFDA

+28.12%

5Y(CAGR)

MMCA

+0.18%

Winner

RFDA

+13.05%

10Y(CAGR)

MMCA

N/A

RFDA

+13.45%

Max(CAGR)

MMCA

+0.18%

Winner

RFDA

+13.37%

MMCA vs RFDA - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	MMCA	RFDA
2026	+0.83%	+12.34%
2025	+5.53%	+16.45%
2024	+1.70%	+20.00%
2023	+5.62%	+17.34%
2022	-12.10%	-9.13%
2021	+0.01%	+27.84%
2020	N/A	+10.69%
2019	N/A	+26.60%
2018	N/A	-9.74%
2017	N/A	+19.28%
2016	N/A	+8.15%

MMCA vs RFDA Drawdown Comparison

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

The maximum drawdown for RFDA was -34.61%, occurring on Mar 23, 2020. Recovery took 136 trading sessions.

The current MMCA drawdown is -1.30%. The current RFDA drawdown is -0.55%.

Rank	MMCA	RFDA
#1	-15.97% Dec 22, 2021 - Jan 5, 2026	-34.61% Feb 12, 2020 - Aug 26, 2020
#2	-3.01% Feb 27, 2026 - Mar 26, 2026	-21.21% Aug 29, 2018 - Oct 23, 2019
#3	-0.32% Jan 16, 2026 - Jan 30, 2026	-19.35% Dec 4, 2024 - Jun 30, 2025
#4	-0.06% Feb 2, 2026 - Feb 4, 2026	-18.76% Mar 29, 2022 - Jul 13, 2023
#5	-0.05% Feb 10, 2026 - Feb 12, 2026	-11.40% Jul 31, 2023 - Dec 13, 2023
#6	-0.04% Jan 9, 2026 - Jan 13, 2026	-9.64% Jan 26, 2018 - Aug 21, 2018
#7	-0.04% Jan 14, 2026 - Jan 16, 2026	-9.18% Sep 2, 2020 - Nov 16, 2020
#8	-0.00% Jan 7, 2026 - Jan 9, 2026	-8.79% Jul 16, 2024 - Sep 19, 2024
#9	N/A	-6.21% Jan 14, 2022 - Mar 25, 2022
#10	N/A	-5.54% Sep 3, 2021 - Oct 21, 2021
#11	N/A	-5.45% Feb 9, 2026 - Apr 13, 2026
#12	N/A	-5.31% Aug 15, 2016 - Nov 14, 2016
#13	N/A	-4.78% Nov 16, 2021 - Dec 16, 2021
#14	N/A	-4.69% Feb 12, 2021 - Mar 12, 2021
#15	N/A	-4.69% Oct 28, 2025 - Dec 23, 2025

Correlation

Correlation between MMCA and RFDA is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2016 - 2026)

MMCA vs RFDA dividend yield comparison.

Year	MMCA	RFDA
2026	1.33%	0.83%
2025	3.39%	1.89%
2024	3.66%	2.23%
2023	3.57%	2.68%
2022	2.90%	3.57%
2021	0.05%	1.44%
2020	0.00%	1.62%
2019	0.00%	1.87%
2018	0.00%	2.44%
2017	0.00%	1.90%
2016	0.00%	0.98%