MMU vs SMRI

Comparison between Western Asset Managed Municipals Fund Inc (MMU, ETF) and BUSHIDO CAPITAL US EQUITY ETF (SMRI, ETF).

MMU vs SMRI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMU(ETF)	SMRI(ETF)
Net Assets	$600M	$600M
Expense Ratio	N/A	0.71%
Max Drawdown	46.70%	19.59%
Sharpe Ratio	0.82	1.64
5Y Beta	0.18	0.80
P/E Ratio	N/A	23.23
Forward P/E	N/A	14.72
PEG Ratio	N/A	0.08
5Y Dividends CAGR	5.88%	N/A
5Y EPS CAGR	N/A	22.55%
Debt to Equity	N/A	-40.56%
P/S Ratio	N/A	1.32
P/B Ratio	N/A	3.13

Net Assets

MMU

$600M

Winner

SMRI

$600M

Expense Ratio

MMU

N/A

SMRI

0.71%

Max Drawdown

MMU

46.70%

Winner

SMRI

19.59%

Sharpe Ratio

MMU

0.82

Winner

SMRI

1.64

5Y Beta

Winner

MMU

0.18

SMRI

0.80

P/E Ratio

MMU

N/A

SMRI

23.23

Forward P/E

MMU

N/A

SMRI

14.72

PEG Ratio

MMU

N/A

SMRI

0.08

5Y Dividends CAGR

MMU

5.88%

SMRI

N/A

5Y EPS CAGR

MMU

N/A

SMRI

22.55%

Debt to Equity

MMU

N/A

SMRI

-40.56%

P/S Ratio

MMU

N/A

SMRI

1.32

P/B Ratio

MMU

N/A

SMRI

3.13

MMU vs SMRI - Historical Returns

Returns include dividend reinvestment.

Period	MMU	SMRI
1 month	+1.23%	+7.44%
3 months	-0.51%	+18.65%
6 months	+1.64%	+14.63%
1 year	+10.04%	+30.17%
5 years(CAGR)	-0.31%	N/A
10 years(CAGR)	+1.28%	N/A
Max(CAGR)	+5.88%	+21.44%

MMU

+1.23%

Winner

SMRI

+7.44%

MMU

-0.51%

Winner

SMRI

+18.65%

MMU

+1.64%

Winner

SMRI

+14.63%

MMU

+10.04%

Winner

SMRI

+30.17%

5Y(CAGR)

MMU

-0.31%

SMRI

N/A

10Y(CAGR)

MMU

+1.28%

SMRI

N/A

Max(CAGR)

MMU

+5.88%

Winner

SMRI

+21.44%

MMU vs SMRI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MMU	SMRI
2026	+0.91%	+15.84%
2025	+6.96%	+17.50%
2024	+5.34%	+18.08%
2023	+4.91%	+5.11%
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 SMRI 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 SMRI was -18.44%, occurring on Apr 8, 2025. Recovery took 139 trading sessions.

The current MMU drawdown is -6.04%. The current SMRI drawdown is -3.45%.

Rank	MMU	SMRI
#1	-34.50% Aug 8, 2019 - Mar 18, 2020	-18.44% Dec 6, 2024 - Jul 1, 2025
#2	-32.11% May 28, 2008 - Apr 21, 2009	-6.88% Sep 14, 2023 - Nov 30, 2023
#3	-26.42% Nov 26, 2012 - Mar 4, 2015	-6.80% Jan 9, 2026 - Apr 17, 2026
#4	-16.43% Dec 20, 2017 - Feb 26, 2019	-6.18% Mar 28, 2024 - Jul 16, 2024
#5	-14.63% Aug 23, 2016 - Dec 20, 2017	-5.79% Jul 30, 2024 - Aug 23, 2024
#6	-13.52% Sep 10, 2010 - Sep 7, 2011	-5.71% Jul 1, 2025 - Aug 22, 2025
#7	-12.27% Mar 8, 2004 - Nov 26, 2004	-5.49% Jun 1, 2026 - Jun 10, 2026
#8	-9.50% Feb 9, 2012 - May 3, 2012	-4.21% Nov 12, 2025 - Nov 26, 2025
#9	-8.49% Nov 16, 1999 - Jun 22, 2000	-4.16% Aug 30, 2024 - Sep 19, 2024
#10	-7.74% Oct 6, 2009 - Jan 14, 2010	-3.99% Oct 6, 2025 - Oct 27, 2025
#11	-7.60% Apr 24, 2015 - Jul 29, 2015	-3.33% Oct 14, 2024 - Nov 6, 2024
#12	-7.25% Sep 7, 2001 - Nov 7, 2001	-2.79% Jan 2, 2024 - Feb 1, 2024
#13	-7.17% Jul 27, 2012 - Sep 21, 2012	-2.68% Jul 16, 2024 - Jul 30, 2024
#14	-7.06% May 14, 2007 - Jan 3, 2008	-2.53% Nov 11, 2024 - Nov 21, 2024
#15	-6.87% Oct 2, 2002 - May 14, 2003	-1.97% May 8, 2026 - May 22, 2026

Correlation

Correlation between MMU and SMRI is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (1999 - 2026)

MMU vs SMRI dividend yield comparison.

Year	MMU	SMRI
2026	2.65%	0.16%
2025	6.26%	1.32%
2024	6.16%	0.98%
2023	4.36%	0.45%
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%