MMCA vs VEGA

Comparison between NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF (MMCA, ETF) and ADVISORSHARES STAR GLOBAL BUY-WRITE ETF (VEGA, ETF).

5-Year PerformanceVEGA has outperformed MMCA, delivering a return of +6.8% compared to +0.1%

MMCA vs VEGA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMCA(ETF)	VEGA(ETF)
Net Assets	$89M	$89M
Expense Ratio	0.36%	1.25%
Max Drawdown	17.98%	28.37%
Sharpe Ratio	0.55	1.04
5Y Beta	0.03	0.60
5Y Dividends CAGR	N/A	49.03%

Net Assets

MMCA

$89M

Winner

VEGA

$89M

Expense Ratio

Winner

MMCA

0.36%

VEGA

1.25%

Max Drawdown

Winner

MMCA

17.98%

VEGA

28.37%

Sharpe Ratio

MMCA

0.55

Winner

VEGA

1.04

5Y Beta

Winner

MMCA

0.03

VEGA

0.60

5Y Dividends CAGR

MMCA

N/A

VEGA

49.03%

MMCA vs VEGA - Historical Returns

Returns include dividend reinvestment.

Period	MMCA	VEGA
1 month	-0.89%	-0.52%
3 months	-0.44%	+3.00%
6 months	-0.16%	+4.89%
1 year	+4.86%	+13.94%
5 years(CAGR)	+0.05%	+6.77%
10 years(CAGR)	N/A	+7.56%
Max(CAGR)	+0.05%	+6.13%

MMCA

-0.89%

Winner

VEGA

-0.52%

MMCA

-0.44%

Winner

VEGA

+3.00%

MMCA

-0.16%

Winner

VEGA

+4.89%

MMCA

+4.86%

Winner

VEGA

+13.94%

5Y(CAGR)

MMCA

+0.05%

Winner

VEGA

+6.77%

10Y(CAGR)

MMCA

N/A

VEGA

+7.56%

Max(CAGR)

MMCA

+0.05%

Winner

VEGA

+6.13%

MMCA vs VEGA - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MMCA	VEGA
2026	+0.25%	+6.02%
2025	+5.53%	+15.32%
2024	+1.70%	+12.03%
2023	+5.62%	+15.58%
2022	-12.10%	-15.39%
2021	+0.01%	+13.28%
2020	N/A	+8.05%
2019	N/A	+18.89%
2018	N/A	-6.94%
2017	N/A	+12.02%
2016	N/A	+9.08%
2015	N/A	-1.86%
2014	N/A	+6.81%
2013	N/A	+0.85%
2012	N/A	-0.28%

MMCA vs VEGA Drawdown Comparison

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

The maximum drawdown for VEGA was -28.37%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The current MMCA drawdown is -1.86%. The current VEGA drawdown is -1.20%.

Rank	MMCA	VEGA
#1	-15.97% Dec 22, 2021 - Jan 5, 2026	-28.37% Feb 19, 2020 - Sep 2, 2020
#2	-3.01% Feb 27, 2026 - Mar 26, 2026	-22.78% Nov 8, 2021 - Mar 1, 2024
#3	-0.32% Jan 16, 2026 - Jan 30, 2026	-14.50% Aug 29, 2018 - Apr 29, 2019
#4	-0.06% Feb 2, 2026 - Feb 4, 2026	-13.10% Mar 4, 2015 - Aug 5, 2016
#5	-0.05% Feb 10, 2026 - Feb 12, 2026	-11.62% Feb 14, 2025 - Jun 4, 2025
#6	-0.04% Jan 9, 2026 - Jan 13, 2026	-9.22% Mar 7, 2013 - May 27, 2014
#7	-0.04% Jan 14, 2026 - Jan 16, 2026	-7.01% Jan 26, 2018 - Aug 27, 2018
#8	-0.00% Jan 7, 2026 - Jan 9, 2026	-6.86% Feb 25, 2026 - Apr 17, 2026
#9	N/A	-6.33% Sep 2, 2020 - Nov 9, 2020
#10	N/A	-5.54% Sep 5, 2014 - Nov 18, 2014
#11	N/A	-4.84% Jul 12, 2024 - Aug 20, 2024
#12	N/A	-4.56% Mar 28, 2024 - May 15, 2024
#13	N/A	-4.55% Dec 6, 2024 - Feb 13, 2025
#14	N/A	-4.37% Apr 29, 2019 - Jul 1, 2019
#15	N/A	-3.94% Jul 15, 2019 - Sep 19, 2019

Correlation

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

0.92

-101

Dividend Comparison (2012 - 2026)

MMCA vs VEGA dividend yield comparison.

Year	MMCA	VEGA
2026	1.61%	0.00%
2025	3.39%	1.34%
2024	3.66%	1.05%
2023	3.57%	1.12%
2022	2.90%	1.89%
2021	0.05%	0.55%
2020	0.00%	0.28%
2019	0.00%	0.44%
2018	0.00%	0.45%
2016	0.00%	0.81%
2012	0.00%	0.80%