MMD vs GDLC
Comparison between MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF) and Grayscale CoinDesk Crypto 5 ETF (GDLC, ETF).
5-Year PerformanceGDLC has outperformed MMD, delivering a return of +5.5% compared to -2.4%
MMD vs GDLC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MMD vs GDLC - Historical Returns
Returns include dividend reinvestment.
MMD vs GDLC - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | MMD | GDLC |
|---|---|---|
| 2026 | +4.87% | -29.74% |
| 2025 | +3.28% | -3.20% |
| 2024 | -4.81% | +123.34% |
| 2023 | +4.24% | +360.78% |
| 2022 | -20.66% | -84.27% |
| 2021 | +4.65% | +17.43% |
| 2020 | +8.58% | +233.86% |
| 2019 | +12.10% | -5.00% |
| 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 GDLC 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 GDLC was -94.14%, occurring on Jan 3, 2023. This drawdown has not yet recovered.
The current MMD drawdown is -15.70%. The current GDLC drawdown is -53.36%.
| Rank | MMD | GDLC |
|---|---|---|
| #1 | -30.12% Aug 9, 2021 - Oct 27, 2023 | -94.14% Sep 1, 2021 - Jan 3, 2023 |
| #2 | -25.16% Jan 11, 2013 - Oct 17, 2014 | -64.90% Aug 20, 2020 - Jan 7, 2021 |
| #3 | -24.57% Feb 13, 2020 - Dec 2, 2020 | -61.52% Apr 15, 2021 - Aug 23, 2021 |
| #4 | -11.66% Jul 7, 2016 - May 31, 2017 | -58.39% Nov 29, 2019 - Jul 30, 2020 |
| #5 | -8.45% Apr 23, 2015 - Nov 23, 2015 | -31.52% Feb 19, 2021 - Apr 13, 2021 |
| #6 | -6.58% Dec 14, 2017 - Jul 16, 2018 | -29.10% Jan 7, 2021 - Feb 11, 2021 |
| #7 | -6.20% Dec 12, 2012 - Jan 11, 2013 | -25.52% Aug 3, 2020 - Aug 6, 2020 |
| #8 | -5.57% Sep 10, 2018 - Dec 14, 2018 | -18.76% Aug 6, 2020 - Aug 17, 2020 |
| #9 | -5.40% Feb 9, 2021 - Apr 13, 2021 | -16.67% Nov 22, 2019 - Nov 27, 2019 |
| #10 | -5.09% Sep 15, 2017 - Dec 7, 2017 | -7.94% Aug 18, 2020 - Aug 20, 2020 |
| #11 | -3.90% Feb 5, 2015 - Apr 14, 2015 | -4.26% Aug 25, 2021 - Aug 27, 2021 |
| #12 | -3.56% Dec 14, 2018 - Feb 7, 2019 | -2.35% Feb 11, 2021 - Feb 16, 2021 |
| #13 | -3.54% May 11, 2016 - Jun 22, 2016 | -1.34% Aug 23, 2021 - Aug 25, 2021 |
| #14 | -3.54% May 27, 2021 - Jul 28, 2021 | N/A |
| #15 | -3.28% Nov 11, 2014 - Dec 30, 2014 | N/A |
Correlation
Correlation between MMD and GDLC is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
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