MMD vs FSCC

Comparison between MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF) and FEDERATED HERMES MDT SMALL CAP CORE ETF (FSCC, ETF).

MMD vs FSCC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMD(ETF)	FSCC(ETF)
Net Assets	$310M	$309M
Expense Ratio	N/A	0.36%
Max Drawdown	39.44%	27.29%
Sharpe Ratio	0.73	1.47
5Y Beta	0.17	1.11
P/E Ratio	N/A	-40.98
Forward P/E	N/A	14.49
5Y Dividends CAGR	-4.15%	N/A
Debt to Equity	N/A	174.08%
P/S Ratio	N/A	1.14
P/B Ratio	N/A	2.30

Net Assets

Winner

MMD

$310M

FSCC

$309M

Expense Ratio

MMD

N/A

FSCC

0.36%

Max Drawdown

MMD

39.44%

Winner

FSCC

27.29%

Sharpe Ratio

MMD

0.73

Winner

FSCC

1.47

5Y Beta

Winner

MMD

0.17

FSCC

1.11

P/E Ratio

MMD

N/A

FSCC

-40.98

Forward P/E

MMD

N/A

FSCC

14.49

5Y Dividends CAGR

MMD

-4.15%

FSCC

N/A

Debt to Equity

MMD

N/A

FSCC

174.08%

P/S Ratio

MMD

N/A

FSCC

1.14

P/B Ratio

MMD

N/A

FSCC

2.30

MMD vs FSCC - Historical Returns

Returns include dividend reinvestment.

Period	MMD	FSCC
1 month	-0.28%	-0.47%
3 months	+1.53%	+9.72%
6 months	+2.57%	+12.49%
1 year	+10.15%	+35.75%
5 years(CAGR)	-2.36%	N/A
10 years(CAGR)	+2.15%	N/A
Max(CAGR)	+3.75%	+19.22%

Winner

MMD

-0.28%

FSCC

-0.47%

MMD

+1.53%

Winner

FSCC

+9.72%

MMD

+2.57%

Winner

FSCC

+12.49%

MMD

+10.15%

Winner

FSCC

+35.75%

5Y(CAGR)

MMD

-2.36%

FSCC

N/A

10Y(CAGR)

MMD

+2.15%

FSCC

N/A

Max(CAGR)

MMD

+3.75%

Winner

FSCC

+19.22%

MMD vs FSCC - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MMD	FSCC
2026	+4.87%	+19.43%
2025	+3.28%	+14.97%
2024	-4.81%	+2.19%
2023	+4.24%	N/A
2022	-20.66%	N/A
2021	+4.65%	N/A
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 FSCC 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 FSCC was -27.17%, occurring on Apr 8, 2025. Recovery took 171 trading sessions.

The current MMD drawdown is -15.70%. The current FSCC drawdown is -3.51%.

Rank	MMD	FSCC
#1	-30.12% Aug 9, 2021 - Oct 27, 2023	-27.17% Dec 4, 2024 - Aug 13, 2025
#2	-25.16% Jan 11, 2013 - Oct 17, 2014	-11.07% Jan 22, 2026 - Apr 17, 2026
#3	-24.57% Feb 13, 2020 - Dec 2, 2020	-9.48% Jul 31, 2024 - Aug 26, 2024
#4	-11.66% Jul 7, 2016 - May 31, 2017	-8.26% Oct 27, 2025 - Dec 3, 2025
#5	-8.45% Apr 23, 2015 - Nov 23, 2015	-5.67% Nov 11, 2024 - Nov 25, 2024
#6	-6.58% Dec 14, 2017 - Jul 16, 2018	-5.31% Aug 30, 2024 - Sep 17, 2024
#7	-6.20% Dec 12, 2012 - Jan 11, 2013	-5.15% Jun 30, 2026 - Jul 20, 2026
#8	-5.57% Sep 10, 2018 - Dec 14, 2018	-4.96% Sep 18, 2025 - Oct 24, 2025
#9	-5.40% Feb 9, 2021 - Apr 13, 2021	-4.22% May 6, 2026 - May 26, 2026
#10	-5.09% Sep 15, 2017 - Dec 7, 2017	-3.83% Oct 16, 2024 - Nov 6, 2024
#11	-3.90% Feb 5, 2015 - Apr 14, 2015	-3.69% May 28, 2026 - Jun 12, 2026
#12	-3.56% Dec 14, 2018 - Feb 7, 2019	-3.31% Dec 11, 2025 - Jan 8, 2026
#13	-3.54% May 11, 2016 - Jun 22, 2016	-2.69% Sep 19, 2024 - Oct 14, 2024
#14	-3.54% May 27, 2021 - Jul 28, 2021	-1.79% Aug 13, 2025 - Aug 22, 2025
#15	-3.28% Nov 11, 2014 - Dec 30, 2014	-1.66% Jan 15, 2026 - Jan 21, 2026

Correlation

Correlation between MMD and FSCC is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.51

-101

Dividend Comparison (2012 - 2026)

MMD vs FSCC dividend yield comparison.

Year	MMD	FSCC
2026	3.06%	0.00%
2025	4.84%	0.27%
2024	4.82%	0.16%
2023	5.26%	0.00%
2022	6.35%	0.00%
2021	4.68%	0.00%
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%