MMU vs CHW

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and Calamos Global Dynamic Income Fund (CHW, ETF).

5-Year PerformanceCHW has outperformed MMU, delivering a return of +5.1% compared to -0.6%

MMU vs CHW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	CHW(ETF)
Net Assets	$586M	$586M
Max Drawdown	46.70%	72.87%
Sharpe Ratio	0.66	1.26
5Y Beta	0.17	0.88
5Y Dividends CAGR	4.49%	-4.42%

Net Assets

MMU

$586M

Winner

CHW

$586M

Max Drawdown

Winner

MMU

46.70%

CHW

72.87%

Sharpe Ratio

MMU

0.66

Winner

CHW

1.26

5Y Beta

Winner

MMU

0.17

CHW

0.88

5Y Dividends CAGR

Winner

MMU

4.49%

CHW

-4.42%

MMU vs CHW - Historical Returns

Returns include dividend reinvestment.

Period	MMU	CHW
1 month	+0.94%	+2.37%
3 months	+0.72%	-2.80%
6 months	-1.78%	+8.57%
1 year	+9.14%	+26.72%
5 years(CAGR)	-0.57%	+5.08%
10 years(CAGR)	+1.04%	+11.69%
Max(CAGR)	+5.84%	+7.12%

MMU

+0.94%

Winner

CHW

+2.37%

Winner

MMU

+0.72%

CHW

-2.80%

MMU

-1.78%

Winner

CHW

+8.57%

MMU

+9.14%

Winner

CHW

+26.72%

5Y(CAGR)

MMU

-0.57%

Winner

CHW

+5.08%

10Y(CAGR)

MMU

+1.04%

Winner

CHW

+11.69%

Max(CAGR)

MMU

+5.84%

Winner

CHW

+7.12%

MMU vs CHW - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	CHW
2026	+1.14%	+19.76%
2025	+6.96%	+20.25%
2024	+5.34%	+29.15%
2023	+4.91%	+13.92%
2022	-19.58%	-37.66%
2021	+6.24%	+16.61%
2020	+0.29%	+22.85%
2019	+5.60%	+42.73%
2018	-4.82%	-20.91%
2017	+8.30%	+44.00%
2016	+1.72%	+9.71%
2015	+10.34%	-11.37%
2014	+18.47%	+13.84%
2013	-11.35%	+14.81%
2012	+14.07%	+22.73%
2011	+20.27%	-7.00%
2010	+3.61%	+13.76%
2009	+37.35%	+45.50%
2008	-9.63%	-47.92%
2007	+3.15%	-11.08%
2006	+10.06%	N/A
2005	+3.14%	N/A
2004	+0.27%	N/A
2003	+14.43%	N/A
2002	+8.40%	N/A
2001	+7.38%	N/A
2000	+16.78%	N/A
1999	-6.08%	N/A

MMU vs CHW Drawdown Comparison

The maximum drawdown for MMU was -34.50%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for CHW was -66.81%, occurring on Nov 20, 2008. Recovery took 1371 trading sessions.

The current MMU drawdown is -5.83%. The current CHW drawdown is -4.61%.

Rank	MMU	CHW
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-66.81% Jul 26, 2007 - Jan 4, 2013
#2	-32.11% May 28, 2008 - Apr 21, 2009	-53.47% Feb 20, 2020 - Aug 31, 2020
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-46.07% Jul 29, 2021 - Sep 19, 2025
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-31.90% Sep 12, 2018 - Nov 4, 2019
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-29.24% Jul 24, 2014 - Feb 7, 2017
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-15.50% Feb 25, 2026 - Apr 27, 2026
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-11.96% Oct 13, 2020 - Nov 11, 2020
#8	-9.50% Feb 9, 2012 - May 3, 2012	-11.53% May 14, 2013 - Oct 22, 2013
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-10.79% Jan 26, 2018 - Sep 12, 2018
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-10.58% Jun 2, 2026 - Jul 29, 2026
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	-7.74% Oct 9, 2025 - Jan 9, 2026
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	-7.11% Aug 31, 2020 - Oct 7, 2020
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	-6.63% May 14, 2026 - May 27, 2026
#14	-7.06% May 14, 2007 - Jan 3, 2008	-6.56% Apr 12, 2021 - Jun 8, 2021
#15	-6.87% Oct 2, 2002 - May 14, 2003	-6.30% Aug 7, 2017 - Sep 19, 2017

Correlation

Correlation between MMU and CHW is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (1999 - 2026)

MMU vs CHW dividend yield comparison.

Year	MMU	CHW
2026	4.30%	4.32%
2025	6.26%	8.10%
2024	6.16%	8.89%
2023	4.36%	10.40%
2022	4.65%	13.62%
2021	3.88%	8.43%
2020	4.21%	8.79%
2019	4.96%	9.67%
2018	5.68%	12.82%
2017	5.37%	9.25%
2016	5.67%	12.05%
2015	5.50%	11.73%
2014	5.74%	8.93%
2013	6.39%	8.29%
2012	5.43%	8.91%
2011	5.82%	8.22%
2010	6.40%	7.17%
2009	5.29%	10.05%
2008	5.79%	21.28%
2007	4.97%	5.21%
2006	5.16%	0.00%
2005	5.54%	0.00%
2004	6.35%	0.00%
2003	6.10%	0.00%
2002	5.87%	0.00%
2001	5.77%	0.00%
2000	6.04%	0.00%
1999	1.10%	0.00%