MMD vs ACLC

Comparison between MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF) and AMERICAN CENTURY LARGE CAP EQUITY ETF (ACLC, ETF).

5-Year PerformanceACLC has outperformed MMD, delivering a return of +10.8% compared to -2.3%

MMD vs ACLC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMD(ETF)	ACLC(ETF)
Net Assets	$308M	$308M
Expense Ratio	N/A	0.39%
Max Drawdown	39.44%	27.06%
Sharpe Ratio	0.80	1.11
5Y Beta	0.16	0.97
P/E Ratio	N/A	27.78
Forward P/E	N/A	22.16
PEG Ratio	N/A	0.65
5Y Dividends CAGR	-5.85%	15.27%
5Y EPS CAGR	N/A	26.13%
P/S Ratio	N/A	3.46
P/B Ratio	N/A	6.45

Net Assets

MMD

$308M

Winner

ACLC

$308M

Expense Ratio

MMD

N/A

ACLC

0.39%

Max Drawdown

MMD

39.44%

Winner

ACLC

27.06%

Sharpe Ratio

MMD

0.80

Winner

ACLC

1.11

5Y Beta

Winner

MMD

0.16

ACLC

0.97

P/E Ratio

MMD

N/A

ACLC

27.78

Forward P/E

MMD

N/A

ACLC

22.16

PEG Ratio

MMD

N/A

ACLC

0.65

5Y Dividends CAGR

MMD

-5.85%

Winner

ACLC

15.27%

5Y EPS CAGR

MMD

N/A

ACLC

26.13%

P/S Ratio

MMD

N/A

ACLC

3.46

P/B Ratio

MMD

N/A

ACLC

6.45

MMD vs ACLC - Historical Returns

Returns include dividend reinvestment.

Period	MMD	ACLC
1 month	+2.70%	+1.71%
3 months	+3.28%	+11.05%
6 months	+6.07%	+8.17%
1 year	+10.73%	+20.42%
5 years(CAGR)	-2.26%	+10.77%
10 years(CAGR)	+2.39%	N/A
Max(CAGR)	+3.84%	+14.22%

Winner

MMD

+2.70%

ACLC

+1.71%

MMD

+3.28%

Winner

ACLC

+11.05%

MMD

+6.07%

Winner

ACLC

+8.17%

MMD

+10.73%

Winner

ACLC

+20.42%

5Y(CAGR)

MMD

-2.26%

Winner

ACLC

+10.77%

10Y(CAGR)

MMD

+2.39%

ACLC

N/A

Max(CAGR)

MMD

+3.84%

Winner

ACLC

+14.22%

MMD vs ACLC - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MMD	ACLC
2026	+5.72%	+7.43%
2025	+3.28%	+12.01%
2024	-4.81%	+20.66%
2023	+4.24%	+25.20%
2022	-20.66%	-19.61%
2021	+4.65%	+30.85%
2020	+8.58%	+17.32%
2019	+12.10%	N/A
2018	+3.95%	N/A
2017	+13.82%	N/A
2016	+2.65%	N/A
2015	+9.39%	N/A
2014	+20.47%	N/A
2013	-17.78%	N/A
2012	+4.83%	N/A

MMD vs ACLC Drawdown Comparison

The maximum drawdown for MMD was -30.12%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

The maximum drawdown for ACLC was -26.44%, occurring on Sep 30, 2022. Recovery took 500 trading sessions.

The current MMD drawdown is -15.02%. The current ACLC drawdown is -1.64%.

Rank	MMD	ACLC
#1	-30.12% Aug 9, 2021 - Oct 27, 2023	-26.44% Dec 29, 2021 - Dec 26, 2023
#2	-25.16% Jan 11, 2013 - Oct 17, 2014	-20.49% Jan 23, 2025 - Jul 3, 2025
#3	-24.57% Feb 13, 2020 - Dec 2, 2020	-10.28% Jan 9, 2026 - Apr 17, 2026
#4	-11.66% Jul 7, 2016 - May 31, 2017	-9.67% Sep 2, 2020 - Nov 16, 2020
#5	-8.45% Apr 23, 2015 - Nov 23, 2015	-9.17% Jul 16, 2024 - Sep 19, 2024
#6	-6.58% Dec 14, 2017 - Jul 16, 2018	-5.84% Mar 28, 2024 - May 15, 2024
#7	-6.20% Dec 12, 2012 - Jan 11, 2013	-5.35% Oct 28, 2025 - Dec 10, 2025
#8	-5.57% Sep 10, 2018 - Dec 14, 2018	-5.35% Sep 3, 2021 - Oct 19, 2021
#9	-5.40% Feb 9, 2021 - Apr 13, 2021	-5.02% Feb 12, 2021 - Mar 15, 2021
#10	-5.09% Sep 15, 2017 - Dec 7, 2017	-4.71% Jun 2, 2026 - Jun 10, 2026
#11	-3.90% Feb 5, 2015 - Apr 14, 2015	-4.55% Dec 4, 2024 - Jan 23, 2025
#12	-3.56% Dec 14, 2018 - Feb 7, 2019	-4.46% Nov 16, 2021 - Dec 27, 2021
#13	-3.54% May 11, 2016 - Jun 22, 2016	-4.39% May 7, 2021 - Jun 10, 2021
#14	-3.54% May 27, 2021 - Jul 28, 2021	-3.70% Jan 21, 2021 - Feb 4, 2021
#15	-3.28% Nov 11, 2014 - Dec 30, 2014	-3.61% Oct 14, 2024 - Nov 7, 2024

Correlation

Correlation between MMD and ACLC is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.27

-101

Dividend Comparison (2012 - 2026)

MMD vs ACLC dividend yield comparison.

Year	MMD	ACLC
2026	2.58%	0.29%
2025	4.84%	0.64%
2024	4.82%	0.89%
2023	5.26%	1.09%
2022	6.35%	1.10%
2021	4.68%	0.72%
2020	4.68%	0.43%
2019	4.85%	0.00%
2018	5.38%	0.00%
2017	5.45%	0.00%
2016	6.16%	0.00%
2015	6.25%	0.00%
2014	6.39%	0.00%
2013	9.50%	0.00%
2012	2.86%	0.00%