MMU vs PMAY

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and Innovator U.S. Equity Power Buffer ETF - May (PMAY, ETF).

5-Year PerformancePMAY has outperformed MMU, delivering a return of +7.0% compared to -0.6%

MMU vs PMAY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	PMAY(ETF)
Net Assets	$598M	$596M
Expense Ratio	N/A	0.79%
Max Drawdown	46.70%	13.05%
Sharpe Ratio	0.77	1.54
5Y Beta	0.18	0.46
5Y Dividends CAGR	5.88%	N/A

Net Assets

Winner

MMU

$598M

PMAY

$596M

Expense Ratio

MMU

N/A

PMAY

0.79%

Max Drawdown

MMU

46.70%

Winner

PMAY

13.05%

Sharpe Ratio

MMU

0.77

Winner

PMAY

1.54

5Y Beta

Winner

MMU

0.18

PMAY

0.46

5Y Dividends CAGR

MMU

5.88%

PMAY

N/A

MMU vs PMAY - Historical Returns

Returns include dividend reinvestment.

Period	MMU	PMAY
1 month	+0.15%	+0.79%
3 months	-1.96%	+2.63%
6 months	-0.42%	+4.01%
1 year	+10.31%	+10.56%
5 years(CAGR)	-0.57%	+6.99%
10 years(CAGR)	+1.22%	N/A
Max(CAGR)	+5.83%	+8.20%

MMU

+0.15%

Winner

PMAY

+0.79%

MMU

-1.96%

Winner

PMAY

+2.63%

MMU

-0.42%

Winner

PMAY

+4.01%

MMU

+10.31%

Winner

PMAY

+10.56%

5Y(CAGR)

MMU

-0.57%

Winner

PMAY

+6.99%

10Y(CAGR)

MMU

+1.22%

PMAY

N/A

Max(CAGR)

MMU

+5.83%

Winner

PMAY

+8.20%

MMU vs PMAY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	PMAY
2026	-0.46%	+3.34%
2025	+6.96%	+10.30%
2024	+5.34%	+14.39%
2023	+4.91%	+12.37%
2022	-19.58%	-8.38%
2021	+6.24%	+7.91%
2020	+0.29%	+11.97%
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 PMAY 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 PMAY was -13.05%, occurring on Sep 30, 2022. Recovery took 421 trading sessions.

The current MMU drawdown is -7.32%. The current PMAY drawdown is -1.24%.

Rank	MMU	PMAY
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-13.05% Mar 29, 2022 - Dec 1, 2023
#2	-32.11% May 28, 2008 - Apr 21, 2009	-9.43% Feb 19, 2025 - May 12, 2025
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-4.40% Jan 12, 2022 - Mar 28, 2022
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-3.80% Jul 16, 2024 - Aug 16, 2024
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-3.70% Jun 8, 2020 - Jul 17, 2020
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-2.68% Oct 13, 2020 - Nov 6, 2020
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-2.20% May 7, 2021 - May 27, 2021
#8	-9.50% Feb 9, 2012 - May 3, 2012	-2.18% Aug 28, 2020 - Oct 9, 2020
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-2.03% May 11, 2020 - May 18, 2020
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-1.86% Sep 3, 2021 - Oct 19, 2021
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	-1.78% Aug 30, 2024 - Sep 13, 2024
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	-1.65% Jul 9, 2021 - Aug 3, 2021
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	-1.60% Nov 5, 2021 - Dec 23, 2021
#14	-7.06% May 14, 2007 - Jan 3, 2008	-1.58% Feb 25, 2026 - Apr 6, 2026
#15	-6.87% Oct 2, 2002 - May 14, 2003	-1.24% Jun 2, 2026 - Jun 5, 2026