MMU vs PSQ

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and ProShares Short QQQ -1x Shares (PSQ, ETF).

5-Year PerformanceMMU has outperformed PSQ, delivering a return of +0.0% compared to -12.4%

MMU vs PSQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	PSQ(ETF)
Net Assets	$604M	$601M
Expense Ratio	N/A	0.95%
Max Drawdown	46.70%	98.65%
Sharpe Ratio	0.91	-1.20
5Y Beta	0.18	-1.25
5Y Dividends CAGR	5.98%	N/A

Net Assets

Winner

MMU

$604M

PSQ

$601M

Expense Ratio

MMU

N/A

PSQ

0.95%

Max Drawdown

Winner

MMU

46.70%

PSQ

98.65%

Sharpe Ratio

Winner

MMU

0.91

PSQ

-1.20

5Y Beta

MMU

0.18

Winner

PSQ

-1.25

5Y Dividends CAGR

MMU

5.98%

PSQ

N/A

MMU vs PSQ - Historical Returns

Returns include dividend reinvestment.

Period	MMU	PSQ
1 month	-0.53%	+4.12%
3 months	-0.04%	-9.07%
6 months	+1.55%	-12.57%
1 year	+11.44%	-18.15%
5 years(CAGR)	+0.04%	-12.44%
10 years(CAGR)	+1.05%	-18.58%
Max(CAGR)	+5.90%	-16.53%

MMU

-0.53%

Winner

PSQ

+4.12%

Winner

MMU

-0.04%

PSQ

-9.07%

Winner

MMU

+1.55%

PSQ

-12.57%

Winner

MMU

+11.44%

PSQ

-18.15%

5Y(CAGR)

Winner

MMU

+0.04%

PSQ

-12.44%

10Y(CAGR)

Winner

MMU

+1.05%

PSQ

-18.58%

Max(CAGR)

Winner

MMU

+5.90%

PSQ

-16.53%

MMU vs PSQ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	PSQ
2026	+1.94%	-12.83%
2025	+6.96%	-15.73%
2024	+5.34%	-16.96%
2023	+4.91%	-32.52%
2022	-19.58%	+37.79%
2021	+6.24%	-25.87%
2020	+0.29%	-40.28%
2019	+5.60%	-27.28%
2018	-4.82%	-0.56%
2017	+8.30%	-24.11%
2016	+1.72%	-11.26%
2015	+10.34%	-12.46%
2014	+18.47%	-19.05%
2013	-11.35%	-26.35%
2012	+14.07%	-16.66%
2011	+20.27%	-8.36%
2010	+3.61%	-19.47%
2009	+37.35%	-37.79%
2008	-9.63%	+43.91%
2007	+3.15%	-11.62%
2006	+10.06%	-6.89%
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 PSQ 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 PSQ was -98.26%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current MMU drawdown is -5.09%. The current PSQ drawdown is -98.17%.

Rank	MMU	PSQ
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-98.26% Nov 20, 2008 - Jun 2, 2026
#2	-32.11% May 28, 2008 - Apr 21, 2009	-29.52% Jul 21, 2006 - Oct 2, 2008
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-16.58% Oct 27, 2008 - Nov 19, 2008
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-11.83% Oct 10, 2008 - Oct 15, 2008
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-8.47% Oct 15, 2008 - Oct 24, 2008
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-3.56% Jun 27, 2006 - Jul 10, 2006
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-1.64% Jul 14, 2006 - Jul 20, 2006
#8	-9.50% Feb 9, 2012 - May 3, 2012	-0.81% Jul 10, 2006 - Jul 12, 2006
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-0.32% Oct 7, 2008 - Oct 9, 2008
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-0.01% Jun 22, 2006 - Jun 27, 2006
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	N/A
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	N/A
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	N/A
#14	-7.06% May 14, 2007 - Jan 3, 2008	N/A
#15	-6.87% Oct 2, 2002 - May 14, 2003	N/A

Correlation

Correlation between MMU and PSQ is -0.95 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.95

-101

Dividend Comparison (1999 - 2026)

MMU vs PSQ dividend yield comparison.

Year	MMU	PSQ
2026	3.17%	1.47%
2025	6.26%	4.97%
2024	6.16%	7.15%
2023	4.36%	6.01%
2022	4.65%	0.35%
2021	3.88%	0.00%
2020	4.21%	0.31%
2019	4.96%	1.75%
2018	5.68%	0.95%
2017	5.37%	0.02%
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%	6.68%
2007	4.97%	4.89%
2006	5.16%	1.56%
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%