MMD vs CPLB

Comparison between MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF) and NYLI MACKAY CORE PLUS BOND ETF (CPLB, ETF).

5-Year PerformanceCPLB has outperformed MMD, delivering a return of +0.7% compared to -2.7%

MMD vs CPLB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMD(ETF)	CPLB(ETF)
Net Assets	$307M	$308M
Expense Ratio	N/A	0.30%
Max Drawdown	39.44%	23.33%
Sharpe Ratio	0.88	0.26
5Y Beta	0.17	0.04
5Y Dividends CAGR	-4.51%	N/A

Net Assets

MMD

$307M

Winner

CPLB

$308M

Expense Ratio

MMD

N/A

CPLB

0.30%

Max Drawdown

MMD

39.44%

Winner

CPLB

23.33%

Sharpe Ratio

Winner

MMD

0.88

CPLB

0.26

5Y Beta

MMD

0.17

Winner

CPLB

0.04

5Y Dividends CAGR

MMD

-4.51%

CPLB

N/A

MMD vs CPLB - Historical Returns

Returns include dividend reinvestment.

Period	MMD	CPLB
1 month	+2.26%	-0.22%
3 months	+0.34%	-0.99%
6 months	+5.00%	+0.67%
1 year	+10.83%	+4.83%
5 years(CAGR)	-2.72%	+0.72%
10 years(CAGR)	+2.35%	N/A
Max(CAGR)	+3.76%	+0.72%

Winner

MMD

+2.26%

CPLB

-0.22%

Winner

MMD

+0.34%

CPLB

-0.99%

Winner

MMD

+5.00%

CPLB

+0.67%

Winner

MMD

+10.83%

CPLB

+4.83%

5Y(CAGR)

MMD

-2.72%

Winner

CPLB

+0.72%

10Y(CAGR)

MMD

+2.35%

CPLB

N/A

Max(CAGR)

Winner

MMD

+3.76%

CPLB

+0.72%

MMD vs CPLB - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MMD	CPLB
2026	+4.51%	+0.54%
2025	+3.28%	+7.64%
2024	-4.81%	+4.53%
2023	+4.24%	+6.60%
2022	-20.66%	-14.05%
2021	+4.65%	+0.38%
2020	+8.58%	N/A
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 CPLB 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 CPLB was -18.96%, occurring on Oct 24, 2022. Recovery took 1026 trading sessions.

The current MMD drawdown is -16.00%. The current CPLB drawdown is -1.62%.

Rank	MMD	CPLB
#1	-30.12% Aug 9, 2021 - Oct 27, 2023	-18.96% Aug 3, 2021 - Sep 4, 2025
#2	-25.16% Jan 11, 2013 - Oct 17, 2014	-2.60% Feb 27, 2026 - Mar 27, 2026
#3	-24.57% Feb 13, 2020 - Dec 2, 2020	-1.06% Oct 27, 2025 - Nov 26, 2025
#4	-11.66% Jul 7, 2016 - May 31, 2017	-0.77% Nov 26, 2025 - Jan 7, 2026
#5	-8.45% Apr 23, 2015 - Nov 23, 2015	-0.63% Jul 8, 2021 - Jul 19, 2021
#6	-6.58% Dec 14, 2017 - Jul 16, 2018	-0.54% Sep 15, 2025 - Oct 13, 2025
#7	-6.20% Dec 12, 2012 - Jan 11, 2013	-0.52% Jan 14, 2026 - Jan 26, 2026
#8	-5.57% Sep 10, 2018 - Dec 14, 2018	-0.31% Jan 26, 2026 - Feb 5, 2026
#9	-5.40% Feb 9, 2021 - Apr 13, 2021	-0.30% Sep 8, 2025 - Sep 10, 2025
#10	-5.09% Sep 15, 2017 - Dec 7, 2017	-0.26% Jul 19, 2021 - Jul 27, 2021
#11	-3.90% Feb 5, 2015 - Apr 14, 2015	-0.23% Jan 7, 2026 - Jan 12, 2026
#12	-3.56% Dec 14, 2018 - Feb 7, 2019	-0.21% Feb 10, 2026 - Feb 12, 2026
#13	-3.54% May 11, 2016 - Jun 22, 2016	-0.19% Oct 21, 2025 - Oct 24, 2025
#14	-3.54% May 27, 2021 - Jul 28, 2021	-0.19% Oct 16, 2025 - Oct 20, 2025
#15	-3.28% Nov 11, 2014 - Dec 30, 2014	-0.14% Sep 11, 2025 - Sep 15, 2025

Correlation

Correlation between MMD and CPLB is 0.45 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.45

-101

Dividend Comparison (2012 - 2026)

MMD vs CPLB dividend yield comparison.

Year	MMD	CPLB
2026	2.16%	2.29%
2025	4.84%	5.46%
2024	4.82%	5.40%
2023	5.26%	4.81%
2022	6.35%	3.17%
2021	4.68%	0.95%
2020	4.68%	0.00%
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%