MUA vs ELM

Comparison between BlackRock Muniassets Fund Inc (MUA, ETF) and ELM MARKET NAVIGATOR ETF (ELM, ETF).

MUA vs ELM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUA(ETF)	ELM(ETF)
Net Assets	$577M	$578M
Expense Ratio	N/A	0.24%
Max Drawdown	50.06%	9.02%
Sharpe Ratio	0.66	1.11
5Y Beta	0.29	0.46
5Y Dividends CAGR	2.58%	N/A

Net Assets

MUA

$577M

Winner

ELM

$578M

Expense Ratio

MUA

N/A

ELM

0.24%

Max Drawdown

MUA

50.06%

Winner

ELM

9.02%

Sharpe Ratio

MUA

0.66

Winner

ELM

1.11

5Y Beta

Winner

MUA

0.29

ELM

0.46

5Y Dividends CAGR

MUA

2.58%

ELM

N/A

MUA vs ELM - Historical Returns

Returns include dividend reinvestment.

Period	MUA	ELM
1 month	+0.60%	-0.85%
3 months	+1.75%	+2.86%
6 months	+0.12%	+4.71%
1 year	+11.98%	+15.57%
5 years(CAGR)	-2.42%	N/A
10 years(CAGR)	+1.41%	N/A
Max(CAGR)	+5.51%	+13.27%

Winner

MUA

+0.60%

ELM

-0.85%

MUA

+1.75%

Winner

ELM

+2.86%

MUA

+0.12%

Winner

ELM

+4.71%

MUA

+11.98%

Winner

ELM

+15.57%

5Y(CAGR)

MUA

-2.42%

ELM

N/A

10Y(CAGR)

MUA

+1.41%

ELM

N/A

Max(CAGR)

MUA

+5.51%

Winner

ELM

+13.27%

MUA vs ELM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MUA	ELM
2026	+3.55%	+6.43%
2025	+1.85%	+11.89%
2024	+7.82%	N/A
2023	+2.51%	N/A
2022	-22.70%	N/A
2021	+5.79%	N/A
2020	+0.79%	N/A
2019	+20.17%	N/A
2018	-9.56%	N/A
2017	+16.03%	N/A
2016	-0.55%	N/A
2015	+9.17%	N/A
2014	+26.85%	N/A
2013	-14.06%	N/A
2012	+17.94%	N/A
2011	+14.51%	N/A
2010	+1.74%	N/A
2009	+43.10%	N/A
2008	-27.76%	N/A
2007	-12.40%	N/A
2006	+18.85%	N/A
2005	+18.85%	N/A
2004	+16.12%	N/A
2003	+4.66%	N/A
2002	+9.73%	N/A
2001	-3.63%	N/A
2000	+16.97%	N/A
1999	-5.42%	N/A

MUA vs ELM Drawdown Comparison

The maximum drawdown for MUA was -43.01%, occurring on Oct 23, 2023. This drawdown has not yet recovered.

The maximum drawdown for ELM was -9.02%, occurring on Apr 8, 2025. Recovery took 74 trading sessions.

The current MUA drawdown is -17.72%. The current ELM drawdown is -1.19%.

Rank	MUA	ELM
#1	-43.01% Jun 15, 2021 - Oct 23, 2023	-9.02% Feb 18, 2025 - Jun 4, 2025
#2	-41.80% May 2, 2007 - Jul 2, 2010	-7.52% Feb 25, 2026 - May 6, 2026
#3	-36.19% Feb 10, 2020 - Feb 8, 2021	-3.77% Oct 27, 2025 - Dec 24, 2025
#4	-20.12% Jan 24, 2013 - Sep 2, 2014	-2.92% Jun 2, 2026 - Jun 10, 2026
#5	-16.95% Oct 13, 2017 - Mar 26, 2019	-2.42% Oct 6, 2025 - Oct 20, 2025
#6	-15.30% Jul 12, 2016 - Jul 11, 2017	-2.13% Jul 23, 2025 - Aug 12, 2025
#7	-14.32% Oct 1, 2010 - Dec 8, 2011	-1.68% May 11, 2026 - May 26, 2026
#8	-14.20% Aug 30, 2001 - Apr 15, 2003	-1.54% Jan 27, 2026 - Feb 9, 2026
#9	-12.88% Feb 17, 2004 - Sep 13, 2004	-1.34% Jun 12, 2025 - Jun 24, 2025
#10	-10.26% Feb 11, 2021 - May 24, 2021	-1.19% Jan 12, 2026 - Jan 22, 2026
#11	-9.51% Nov 5, 1999 - Aug 18, 2000	-0.99% Aug 22, 2025 - Sep 5, 2025
#12	-9.03% May 8, 2003 - Jan 21, 2004	-0.80% Jul 17, 2025 - Jul 22, 2025
#13	-7.51% Nov 6, 2019 - Jan 22, 2020	-0.79% Sep 23, 2025 - Sep 30, 2025
#14	-7.03% Mar 8, 2012 - Apr 24, 2012	-0.65% Aug 13, 2025 - Aug 22, 2025
#15	-7.02% Feb 7, 2005 - Apr 27, 2005	-0.54% Jul 3, 2025 - Jul 9, 2025

Correlation

Correlation between MUA and ELM is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2000 - 2026)

MUA vs ELM dividend yield comparison.

Year	MUA	ELM
2026	3.64%	0.00%
2025	6.22%	2.71%
2024	6.03%	0.00%
2023	4.84%	0.00%
2022	6.72%	0.00%
2021	5.06%	0.00%
2020	4.35%	0.00%
2019	4.37%	0.00%
2018	5.12%	0.00%
2017	4.61%	0.00%
2016	5.24%	0.00%
2015	5.25%	0.00%
2014	5.50%	0.00%
2013	6.53%	0.00%
2012	5.58%	0.00%
2011	6.01%	0.00%
2010	6.63%	0.00%
2009	6.78%	0.00%
2008	9.34%	0.00%
2007	6.57%	0.00%
2006	5.38%	0.00%
2005	5.96%	0.00%
2004	6.33%	0.00%
2003	6.83%	0.00%
2002	6.73%	0.00%
2001	7.11%	0.00%
2000	2.73%	0.00%