MMT vs PCQ

Comparison between MFS Multimarket Income Trust (MMT, ETF) and Pimco California Municipal Income Fund (PCQ, ETF).

5-Year PerformanceMMT has outperformed PCQ, delivering a return of +1.8% compared to -10.1%

MMT vs PCQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMT(ETF)	PCQ(ETF)
Net Assets	$567M	$566M
Max Drawdown	47.46%	60.60%
Sharpe Ratio	0.04	0.82
5Y Beta	0.20	0.14
5Y Dividends CAGR	-2.76%	-11.37%

Net Assets

Winner

MMT

$567M

PCQ

$566M

Max Drawdown

Winner

MMT

47.46%

PCQ

60.60%

Sharpe Ratio

MMT

0.04

Winner

PCQ

0.82

5Y Beta

MMT

0.20

Winner

PCQ

0.14

5Y Dividends CAGR

Winner

MMT

-2.76%

PCQ

-11.37%

MMT vs PCQ - Historical Returns

Returns include dividend reinvestment.

Period	MMT	PCQ
1 month	-1.34%	-0.73%
3 months	-1.40%	+1.34%
6 months	-1.82%	+1.19%
1 year	+3.58%	+10.33%
5 years(CAGR)	+1.76%	-10.08%
10 years(CAGR)	+5.41%	-1.80%
Max(CAGR)	+7.13%	+3.73%

MMT

-1.34%

Winner

PCQ

-0.73%

MMT

-1.40%

Winner

PCQ

+1.34%

MMT

-1.82%

Winner

PCQ

+1.19%

MMT

+3.58%

Winner

PCQ

+10.33%

5Y(CAGR)

Winner

MMT

+1.76%

PCQ

-10.08%

10Y(CAGR)

Winner

MMT

+5.41%

PCQ

-1.80%

Max(CAGR)

Winner

MMT

+7.13%

PCQ

+3.73%

MMT vs PCQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMT	PCQ
2026	-0.27%	+2.99%
2025	+8.77%	+0.17%
2024	+11.92%	+1.28%
2023	+8.43%	-36.42%
2022	-23.19%	-15.26%
2021	+12.74%	+7.87%
2020	+7.95%	-6.19%
2019	+27.56%	+26.15%
2018	-8.90%	-1.10%
2017	+8.94%	+16.44%
2016	+21.48%	+5.62%
2015	-7.81%	+6.94%
2014	+6.24%	+26.59%
2013	-1.77%	-14.10%
2012	+14.21%	+25.62%
2011	+4.59%	+18.97%
2010	+15.86%	+6.14%
2009	+40.61%	+45.10%
2008	-10.52%	-41.29%
2007	+1.88%	-3.73%
2006	+7.10%	+16.83%
2005	+0.99%	+24.28%
2004	+6.72%	+8.38%
2003	+14.85%	+0.07%
2002	+5.64%	+2.59%
2001	+2.57%	+0.78%
2000	+22.97%	N/A
1999	-6.76%	N/A

MMT vs PCQ Drawdown Comparison

The maximum drawdown for MMT was -35.71%, occurring on Mar 18, 2020. Recovery took 154 trading sessions.

The maximum drawdown for PCQ was -56.28%, occurring on Dec 16, 2008. Recovery took 839 trading sessions.

The current MMT drawdown is -4.08%. The current PCQ drawdown is -45.05%.

Rank	MMT	PCQ
#1	-35.71% Jan 23, 2020 - Sep 1, 2020	-56.28% May 11, 2007 - Sep 9, 2010
#2	-32.27% Dec 17, 2021 - Sep 3, 2025	-54.86% Nov 12, 2021 - Oct 6, 2023
#3	-31.74% May 9, 2008 - Apr 29, 2009	-37.82% Dec 9, 2019 - Jul 15, 2021
#4	-16.73% May 1, 2013 - Jun 1, 2015	-22.43% Jan 23, 2013 - Nov 20, 2014
#5	-14.72% Jul 17, 2001 - Apr 24, 2002	-17.69% Oct 15, 2010 - Sep 29, 2011
#6	-13.23% Jun 1, 2015 - May 25, 2016	-17.09% Dec 11, 2017 - Jul 9, 2018
#7	-11.47% Mar 17, 2004 - Sep 15, 2004	-14.13% Aug 13, 2018 - Jan 28, 2019
#8	-11.27% Jul 11, 2011 - Dec 5, 2011	-13.13% Sep 8, 2016 - May 8, 2017
#9	-10.50% Jan 2, 2018 - Jan 30, 2019	-12.06% Jun 13, 2003 - Apr 1, 2004
#10	-8.72% Jun 6, 2002 - Jan 9, 2003	-11.35% Feb 2, 2015 - Oct 20, 2015
#11	-8.52% May 3, 2010 - Jul 16, 2010	-10.17% Jul 11, 2012 - Nov 28, 2012
#12	-7.69% Sep 8, 2016 - Jan 10, 2017	-9.02% Jan 30, 2012 - Apr 24, 2012
#13	-7.68% Nov 2, 1999 - Feb 3, 2000	-8.76% Apr 1, 2004 - Aug 6, 2004
#14	-7.62% Aug 22, 2000 - Dec 18, 2000	-8.05% Sep 13, 2002 - May 22, 2003
#15	-7.62% Sep 27, 2005 - Oct 4, 2006	-7.19% Aug 16, 2001 - Aug 6, 2002

Correlation

Correlation between MMT and PCQ is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (1999 - 2026)

MMT vs PCQ dividend yield comparison.

Year	MMT	PCQ
2026	4.51%	2.88%
2025	8.65%	4.95%
2024	8.65%	4.78%
2023	8.65%	4.64%
2022	9.38%	5.29%
2021	7.86%	4.20%
2020	8.07%	4.39%
2019	8.16%	4.65%
2018	9.86%	5.72%
2017	8.82%	5.35%
2016	8.71%	5.89%
2015	9.05%	5.89%
2014	7.76%	5.90%
2013	8.89%	7.10%
2012	6.77%	5.80%
2011	7.91%	6.87%
2010	8.70%	7.45%
2009	7.35%	7.46%
2008	8.86%	10.68%
2007	6.45%	5.95%
2006	6.11%	5.25%
2005	6.45%	5.83%
2004	6.19%	6.83%
2003	6.33%	6.90%
2002	7.06%	6.45%
2001	8.76%	2.53%
2000	9.66%	0.00%
1999	1.82%	0.00%