MMU vs LONZ

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and PIMCO Senior Loan Active ExchangeTraded Fund (LONZ, ETF).

MMU vs LONZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	LONZ(ETF)
Net Assets	$586M	$585M
Expense Ratio	N/A	0.63%
Max Drawdown	46.70%	6.03%
Sharpe Ratio	0.66	0.50
5Y Beta	0.17	0.10
5Y Dividends CAGR	4.49%	N/A

Net Assets

Winner

MMU

$586M

LONZ

$585M

Expense Ratio

MMU

N/A

LONZ

0.63%

Max Drawdown

MMU

46.70%

Winner

LONZ

6.03%

Sharpe Ratio

Winner

MMU

0.66

LONZ

0.50

5Y Beta

MMU

0.17

Winner

LONZ

0.10

5Y Dividends CAGR

MMU

4.49%

LONZ

N/A

MMU vs LONZ - Historical Returns

Returns include dividend reinvestment.

Period	MMU	LONZ
1 month	+0.94%	+0.89%
3 months	+0.72%	+1.59%
6 months	-1.78%	+4.62%
1 year	+9.14%	+5.01%
5 years(CAGR)	-0.57%	+7.42%
10 years(CAGR)	+1.04%	N/A
Max(CAGR)	+5.84%	+7.42%

Winner

MMU

+0.94%

LONZ

+0.89%

MMU

+0.72%

Winner

LONZ

+1.59%

MMU

-1.78%

Winner

LONZ

+4.62%

Winner

MMU

+9.14%

LONZ

+5.01%

5Y(CAGR)

MMU

-0.57%

Winner

LONZ

+7.42%

10Y(CAGR)

MMU

+1.04%

LONZ

N/A

Max(CAGR)

MMU

+5.84%

Winner

LONZ

+7.42%

MMU vs LONZ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	LONZ
2026	+1.14%	+3.26%
2025	+6.96%	+5.09%
2024	+5.34%	+9.42%
2023	+4.91%	+12.26%
2022	-19.58%	+0.79%
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 LONZ 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 LONZ was -4.19%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The current MMU drawdown is -5.83%.

Rank	MMU	LONZ
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-4.19% Feb 14, 2025 - May 12, 2025
#2	-32.11% May 28, 2008 - Apr 21, 2009	-4.05% Aug 12, 2022 - Jan 6, 2023
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-3.91% Jun 9, 2022 - Aug 5, 2022
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-2.03% Dec 26, 2025 - Apr 17, 2026
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-2.03% Mar 8, 2023 - Apr 17, 2023
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-1.41% Jul 23, 2024 - Aug 28, 2024
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-0.70% Oct 16, 2023 - Nov 6, 2023
#8	-9.50% Feb 9, 2012 - May 3, 2012	-0.69% Jan 19, 2024 - Feb 14, 2024
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-0.57% Oct 7, 2025 - Oct 27, 2025
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-0.54% Sep 28, 2023 - Oct 12, 2023
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	-0.52% Dec 16, 2024 - Dec 31, 2024
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	-0.44% Feb 14, 2023 - Mar 3, 2023
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	-0.39% Jun 2, 2026 - Jun 15, 2026
#14	-7.06% May 14, 2007 - Jan 3, 2008	-0.38% Jan 23, 2025 - Feb 14, 2025
#15	-6.87% Oct 2, 2002 - May 14, 2003	-0.34% May 14, 2026 - Jun 1, 2026

Correlation

Correlation between MMU and LONZ is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (1999 - 2026)

MMU vs LONZ dividend yield comparison.

Year	MMU	LONZ
2026	4.30%	5.15%
2025	6.26%	6.60%
2024	6.16%	8.16%
2023	4.36%	8.29%
2022	4.65%	3.33%
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%