MMIT vs PDP

Comparison between NYLI MACKAY MUNI INTERMEDIATE ETF (MMIT, ETF) and INVESCO DORSEY WRIGHT MOMENTUM ETF (PDP, ETF).

5-Year PerformancePDP has outperformed MMIT, delivering a return of +11.3% compared to +1.2%

MMIT vs PDP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMIT(ETF)	PDP(ETF)
Net Assets	$1.50B	$1.60B
Expense Ratio	0.30%	0.62%
Max Drawdown	14.47%	59.45%
Sharpe Ratio	0.92	1.49
5Y Beta	0.02	1.17
P/E Ratio	N/A	38.85
Forward P/E	N/A	26.56
5Y Dividends CAGR	10.03%	9.90%
5Y EPS CAGR	N/A	26.82%
Debt to Equity	N/A	55.90%
P/S Ratio	N/A	2.84
P/B Ratio	N/A	8.50

Net Assets

MMIT

$1.50B

Winner

PDP

$1.60B

Expense Ratio

Winner

MMIT

0.30%

PDP

0.62%

Max Drawdown

Winner

MMIT

14.47%

PDP

59.45%

Sharpe Ratio

MMIT

0.92

Winner

PDP

1.49

5Y Beta

Winner

MMIT

0.02

PDP

1.17

P/E Ratio

MMIT

N/A

PDP

38.85

Forward P/E

MMIT

N/A

PDP

26.56

5Y Dividends CAGR

Winner

MMIT

10.03%

PDP

9.90%

5Y EPS CAGR

MMIT

N/A

PDP

26.82%

Debt to Equity

MMIT

N/A

PDP

55.90%

P/S Ratio

MMIT

N/A

PDP

2.84

P/B Ratio

MMIT

N/A

PDP

8.50

MMIT vs PDP - Historical Returns

Returns include dividend reinvestment.

Period	MMIT	PDP
1 month	+1.25%	+6.30%
3 months	+1.49%	+21.60%
6 months	+1.77%	+24.23%
1 year	+6.09%	+40.33%
5 years(CAGR)	+1.20%	+11.35%
10 years(CAGR)	+2.70%	+13.82%
Max(CAGR)	+2.70%	+10.26%

MMIT

+1.25%

Winner

PDP

+6.30%

MMIT

+1.49%

Winner

PDP

+21.60%

MMIT

+1.77%

Winner

PDP

+24.23%

MMIT

+6.09%

Winner

PDP

+40.33%

5Y(CAGR)

MMIT

+1.20%

Winner

PDP

+11.35%

10Y(CAGR)

MMIT

+2.70%

Winner

PDP

+13.82%

Max(CAGR)

MMIT

+2.70%

Winner

PDP

+10.26%

MMIT vs PDP - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	MMIT	PDP
2026	+1.62%	+25.46%
2025	+4.81%	+8.02%
2024	+1.54%	+28.47%
2023	+5.20%	+21.82%
2022	-7.34%	-23.37%
2021	+1.47%	+9.40%
2020	+6.05%	+35.79%
2019	+7.49%	+34.74%
2018	+2.41%	-6.40%
2017	+0.43%	+22.97%
2016	N/A	+4.62%
2015	N/A	+1.55%
2014	N/A	+13.29%
2013	N/A	+28.69%
2012	N/A	+17.82%
2011	N/A	+0.33%
2010	N/A	+24.50%
2009	N/A	+24.87%
2008	N/A	-45.65%
2007	N/A	+13.82%

MMIT vs PDP Drawdown Comparison

The maximum drawdown for MMIT was -12.28%, occurring on Oct 25, 2022. Recovery took 804 trading sessions.

The maximum drawdown for PDP was -59.34%, occurring on Mar 9, 2009. Recovery took 1087 trading sessions.

The current MMIT drawdown is -0.52%. The current PDP drawdown is -2.83%.

Rank	MMIT	PDP
#1	-12.28% Jul 19, 2021 - Sep 27, 2024	-59.34% Dec 10, 2007 - Apr 3, 2012
#2	-10.61% Mar 9, 2020 - Jul 20, 2020	-34.70% Feb 19, 2020 - Jul 17, 2020
#3	-3.65% Mar 3, 2025 - Sep 4, 2025	-33.92% Nov 8, 2021 - Jul 12, 2024
#4	-2.59% Feb 27, 2026 - Mar 26, 2026	-24.54% Sep 14, 2018 - Jun 10, 2019
#5	-2.12% Dec 6, 2024 - Feb 28, 2025	-23.79% Dec 4, 2024 - Sep 19, 2025
#6	-1.98% Feb 11, 2021 - May 26, 2021	-19.14% Mar 20, 2015 - Feb 9, 2017
#7	-1.96% Oct 1, 2024 - Dec 3, 2024	-13.91% Jul 13, 2007 - Oct 9, 2007
#8	-1.85% Feb 1, 2018 - Nov 1, 2018	-13.47% Feb 12, 2021 - Aug 5, 2021
#9	-1.68% Sep 4, 2019 - Jan 3, 2020	-11.87% Oct 29, 2025 - Jan 13, 2026
#10	-1.48% Aug 11, 2020 - Nov 19, 2020	-11.63% Feb 25, 2026 - Apr 10, 2026
#11	-1.21% Nov 12, 2018 - Dec 6, 2018	-9.80% May 2, 2012 - Sep 14, 2012
#12	-0.77% Nov 1, 2018 - Nov 12, 2018	-9.76% Sep 5, 2014 - Nov 3, 2014
#13	-0.50% Jan 4, 2019 - Feb 1, 2019	-9.59% Jul 16, 2024 - Sep 19, 2024
#14	-0.49% Nov 11, 2025 - Dec 22, 2025	-9.53% Jan 26, 2018 - May 30, 2018
#15	-0.45% Jun 14, 2021 - Jul 7, 2021	-8.91% Sep 2, 2020 - Oct 9, 2020

Correlation

Correlation between MMIT and PDP is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2007 - 2026)

MMIT vs PDP dividend yield comparison.

Year	MMIT	PDP
2026	1.51%	0.00%
2025	3.54%	0.17%
2024	3.76%	0.15%
2023	3.46%	0.42%
2022	2.30%	0.45%
2021	1.81%	0.00%
2020	2.59%	0.11%
2019	4.14%	0.25%
2018	2.46%	0.18%
2017	0.35%	0.28%
2016	0.00%	0.81%
2015	0.00%	0.39%
2014	0.00%	0.15%
2013	0.00%	0.28%
2012	0.00%	0.85%
2011	0.00%	0.16%
2010	0.00%	0.24%
2009	0.00%	0.54%
2008	0.00%	0.27%
2007	0.00%	0.09%