MMU vs LGH

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and HCM DEFENDER 500 INDEX ETF (LGH, ETF).

5-Year PerformanceLGH has outperformed MMU, delivering a return of +10.5% compared to -0.3%

MMU vs LGH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	LGH(ETF)
Net Assets	$600M	$596M
Expense Ratio	N/A	1.00%
Max Drawdown	46.70%	29.60%
Sharpe Ratio	0.82	1.05
5Y Beta	0.18	0.98
P/E Ratio	N/A	28.86
Forward P/E	N/A	22.14
PEG Ratio	N/A	0.41
5Y Dividends CAGR	5.88%	42.11%
5Y EPS CAGR	N/A	30.55%
Debt to Equity	N/A	40.55%
P/S Ratio	N/A	4.14
P/B Ratio	N/A	6.13

Net Assets

Winner

MMU

$600M

LGH

$596M

Expense Ratio

MMU

N/A

LGH

1.00%

Max Drawdown

MMU

46.70%

Winner

LGH

29.60%

Sharpe Ratio

MMU

0.82

Winner

LGH

1.05

5Y Beta

Winner

MMU

0.18

LGH

0.98

P/E Ratio

MMU

N/A

LGH

28.86

Forward P/E

MMU

N/A

LGH

22.14

PEG Ratio

MMU

N/A

LGH

0.41

5Y Dividends CAGR

MMU

5.88%

Winner

LGH

42.11%

5Y EPS CAGR

MMU

N/A

LGH

30.55%

Debt to Equity

MMU

N/A

LGH

40.55%

P/S Ratio

MMU

N/A

LGH

4.14

P/B Ratio

MMU

N/A

LGH

6.13

MMU vs LGH - Historical Returns

Returns include dividend reinvestment.

Period	MMU	LGH
1 month	+1.23%	+0.13%
3 months	-0.51%	+6.60%
6 months	+1.64%	+2.22%
1 year	+10.04%	+20.75%
5 years(CAGR)	-0.31%	+10.45%
10 years(CAGR)	+1.28%	N/A
Max(CAGR)	+5.88%	+15.18%

Winner

MMU

+1.23%

LGH

+0.13%

MMU

-0.51%

Winner

LGH

+6.60%

MMU

+1.64%

Winner

LGH

+2.22%

MMU

+10.04%

Winner

LGH

+20.75%

5Y(CAGR)

MMU

-0.31%

Winner

LGH

+10.45%

10Y(CAGR)

MMU

+1.28%

LGH

N/A

Max(CAGR)

MMU

+5.88%

Winner

LGH

+15.18%

MMU vs LGH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	LGH
2026	+0.91%	+1.81%
2025	+6.96%	+19.91%
2024	+5.34%	+28.12%
2023	+4.91%	+24.28%
2022	-19.58%	-28.20%
2021	+6.24%	+43.19%
2020	+0.29%	+17.20%
2019	+5.60%	+11.06%
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 LGH 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 LGH was -29.60%, occurring on Mar 16, 2020. Recovery took 132 trading sessions.

The current MMU drawdown is -6.04%. The current LGH drawdown is -3.74%.

Rank	MMU	LGH
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-29.60% Feb 19, 2020 - Aug 26, 2020
#2	-32.11% May 28, 2008 - Apr 21, 2009	-29.38% Dec 29, 2021 - Mar 21, 2024
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-18.42% Dec 6, 2024 - Jul 3, 2025
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-13.53% Sep 2, 2020 - Nov 16, 2020
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-12.50% Jul 16, 2024 - Nov 6, 2024
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-11.29% Jan 12, 2026 - May 13, 2026
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-8.69% Sep 3, 2021 - Oct 28, 2021
#8	-9.50% Feb 9, 2012 - May 3, 2012	-7.29% Oct 29, 2025 - Dec 24, 2025
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-7.20% Nov 23, 2021 - Dec 27, 2021
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-6.95% Feb 12, 2021 - Mar 15, 2021
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	-6.48% Jun 2, 2026 - Jun 10, 2026
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	-6.09% Mar 28, 2024 - May 14, 2024
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	-5.28% Apr 29, 2021 - Jun 4, 2021
#14	-7.06% May 14, 2007 - Jan 3, 2008	-4.55% Jan 21, 2021 - Feb 4, 2021
#15	-6.87% Oct 2, 2002 - May 14, 2003	-4.37% Jul 12, 2021 - Jul 23, 2021

Correlation

Correlation between MMU and LGH is 0.42 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.42

-101

Dividend Comparison (1999 - 2026)

MMU vs LGH dividend yield comparison.

Year	MMU	LGH
2026	2.65%	0.00%
2025	6.26%	0.38%
2024	6.16%	0.40%
2023	4.36%	0.63%
2022	4.65%	0.61%
2021	3.88%	0.14%
2020	4.21%	0.23%
2019	4.96%	0.01%
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%