MMU vs FTRB

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and FEDERATED HERMES TOTAL RETURN BOND ETF (FTRB, ETF).

MMU vs FTRB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	FTRB(ETF)
Net Assets	$586M	$585M
Expense Ratio	N/A	0.39%
Max Drawdown	46.70%	6.32%
Sharpe Ratio	0.66	-0.26
5Y Beta	0.17	0.03
5Y Dividends CAGR	4.49%	N/A

Net Assets

Winner

MMU

$586M

FTRB

$585M

Expense Ratio

MMU

N/A

FTRB

0.39%

Max Drawdown

MMU

46.70%

Winner

FTRB

6.32%

Sharpe Ratio

Winner

MMU

0.66

FTRB

-0.26

5Y Beta

MMU

0.17

Winner

FTRB

0.03

5Y Dividends CAGR

MMU

4.49%

FTRB

N/A

MMU vs FTRB - Historical Returns

Returns include dividend reinvestment.

Period	MMU	FTRB
1 month	+0.94%	+0.75%
3 months	+0.72%	+0.21%
6 months	-1.78%	-1.38%
1 year	+9.14%	+2.72%
5 years(CAGR)	-0.57%	N/A
10 years(CAGR)	+1.04%	N/A
Max(CAGR)	+5.84%	+3.90%

Winner

MMU

+0.94%

FTRB

+0.75%

Winner

MMU

+0.72%

FTRB

+0.21%

MMU

-1.78%

Winner

FTRB

-1.38%

Winner

MMU

+9.14%

FTRB

+2.72%

5Y(CAGR)

MMU

-0.57%

FTRB

N/A

10Y(CAGR)

MMU

+1.04%

FTRB

N/A

Max(CAGR)

Winner

MMU

+5.84%

FTRB

+3.90%

MMU vs FTRB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	FTRB
2026	+1.14%	+0.27%
2025	+6.96%	+7.64%
2024	+5.34%	+2.55%
2023	+4.91%	N/A
2022	-19.58%	N/A
2021	+6.24%	N/A
2020	+0.29%	N/A
2019	+5.60%	N/A
2018	-4.82%	N/A
2017	+8.30%	N/A
2016	+1.72%	N/A
2015	+10.34%	N/A
2014	+18.47%	N/A
2013	-11.35%	N/A
2012	+14.07%	N/A
2011	+20.27%	N/A
2010	+3.61%	N/A
2009	+37.35%	N/A
2008	-9.63%	N/A
2007	+3.15%	N/A
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 FTRB 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 FTRB was -4.83%, occurring on Jan 13, 2025. Recovery took 197 trading sessions.

The current MMU drawdown is -5.83%. The current FTRB drawdown is -1.38%.

Rank	MMU	FTRB
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-4.83% Sep 16, 2024 - Jul 1, 2025
#2	-32.11% May 28, 2008 - Apr 21, 2009	-3.19% Feb 1, 2024 - Jun 14, 2024
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-2.80% Feb 27, 2026 - May 19, 2026
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-1.23% Jan 12, 2024 - Feb 1, 2024
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-1.18% Jun 24, 2024 - Jul 8, 2024
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-1.15% Jul 1, 2025 - Aug 1, 2025
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-0.91% Sep 9, 2025 - Oct 15, 2025
#8	-9.50% Feb 9, 2012 - May 3, 2012	-0.90% Aug 5, 2024 - Aug 14, 2024
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-0.88% Oct 28, 2025 - Nov 25, 2025
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-0.87% Nov 26, 2025 - Feb 9, 2026
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	-0.73% Jul 17, 2024 - Jul 30, 2024
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	-0.55% Aug 13, 2025 - Aug 26, 2025
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	-0.50% Aug 23, 2024 - Sep 3, 2024
#14	-7.06% May 14, 2007 - Jan 3, 2008	-0.46% Jan 4, 2024 - Jan 11, 2024
#15	-6.87% Oct 2, 2002 - May 14, 2003	-0.38% Jul 12, 2024 - Jul 17, 2024

Correlation

Correlation between MMU and FTRB is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (1999 - 2026)

MMU vs FTRB dividend yield comparison.

Year	MMU	FTRB
2026	4.30%	2.27%
2025	6.26%	4.46%
2024	6.16%	4.40%
2023	4.36%	0.00%
2022	4.65%	0.00%
2021	3.88%	0.00%
2020	4.21%	0.00%
2019	4.96%	0.00%
2018	5.68%	0.00%
2017	5.37%	0.00%
2016	5.67%	0.00%
2015	5.50%	0.00%
2014	5.74%	0.00%
2013	6.39%	0.00%
2012	5.43%	0.00%
2011	5.82%	0.00%
2010	6.40%	0.00%
2009	5.29%	0.00%
2008	5.79%	0.00%
2007	4.97%	0.00%
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%