MUA vs JUST

Comparison between BlackRock Muniassets Fund Inc (MUA, ETF) and GOLDMAN SACHS JUST U.S. LARGE CAP EQUITY ETF (JUST, ETF).

5-Year PerformanceJUST has outperformed MUA, delivering a return of +12.8% compared to -3.0%

MUA vs JUST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUA(ETF)	JUST(ETF)
Net Assets	$567M	$563M
Expense Ratio	N/A	0.20%
Max Drawdown	50.06%	33.83%
Sharpe Ratio	0.65	1.61
5Y Beta	0.29	0.96
P/E Ratio	N/A	27.51
Forward P/E	N/A	20.51
5Y Dividends CAGR	2.47%	6.19%
5Y EPS CAGR	N/A	28.73%
Debt to Equity	N/A	43.13%
P/S Ratio	N/A	3.33
P/B Ratio	N/A	5.57

Net Assets

Winner

MUA

$567M

JUST

$563M

Expense Ratio

MUA

N/A

JUST

0.20%

Max Drawdown

MUA

50.06%

Winner

JUST

33.83%

Sharpe Ratio

MUA

0.65

Winner

JUST

1.61

5Y Beta

Winner

MUA

0.29

JUST

0.96

P/E Ratio

MUA

N/A

JUST

27.51

Forward P/E

MUA

N/A

JUST

20.51

5Y Dividends CAGR

MUA

2.47%

Winner

JUST

6.19%

5Y EPS CAGR

MUA

N/A

JUST

28.73%

Debt to Equity

MUA

N/A

JUST

43.13%

P/S Ratio

MUA

N/A

JUST

3.33

P/B Ratio

MUA

N/A

JUST

5.57

MUA vs JUST - Historical Returns

Returns include dividend reinvestment.

Period	MUA	JUST
1 month	+0.15%	+0.67%
3 months	+1.18%	+12.50%
6 months	+2.26%	+10.57%
1 year	+11.02%	+25.14%
5 years(CAGR)	-2.95%	+12.77%
10 years(CAGR)	+1.72%	N/A
Max(CAGR)	+5.52%	+14.52%

MUA

+0.15%

Winner

JUST

+0.67%

MUA

+1.18%

Winner

JUST

+12.50%

MUA

+2.26%

Winner

JUST

+10.57%

MUA

+11.02%

Winner

JUST

+25.14%

5Y(CAGR)

MUA

-2.95%

Winner

JUST

+12.77%

10Y(CAGR)

MUA

+1.72%

JUST

N/A

Max(CAGR)

MUA

+5.52%

Winner

JUST

+14.52%

MUA vs JUST - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MUA	JUST
2026	+3.16%	+9.79%
2025	+1.85%	+17.71%
2024	+7.82%	+24.54%
2023	+2.51%	+24.94%
2022	-22.70%	-18.16%
2021	+5.79%	+28.47%
2020	+0.79%	+18.35%
2019	+20.17%	+31.03%
2018	-9.56%	-9.61%
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 JUST 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 JUST was -33.83%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The current MUA drawdown is -18.02%. The current JUST drawdown is -2.27%.

Rank	MUA	JUST
#1	-43.01% Jun 15, 2021 - Oct 23, 2023	-33.83% Feb 19, 2020 - Aug 6, 2020
#2	-41.80% May 2, 2007 - Jul 2, 2010	-24.72% Dec 29, 2021 - Dec 13, 2023
#3	-36.19% Feb 10, 2020 - Feb 8, 2021	-19.71% Sep 20, 2018 - Apr 23, 2019
#4	-20.12% Jan 24, 2013 - Sep 2, 2014	-19.34% Feb 18, 2025 - Jun 27, 2025
#5	-16.95% Oct 13, 2017 - Mar 26, 2019	-9.76% Sep 2, 2020 - Nov 13, 2020
#6	-15.30% Jul 12, 2016 - Jul 11, 2017	-8.84% Jul 16, 2024 - Sep 19, 2024
#7	-14.32% Oct 1, 2010 - Dec 8, 2011	-8.76% Feb 2, 2026 - Apr 14, 2026
#8	-14.20% Aug 30, 2001 - Apr 15, 2003	-6.62% Apr 30, 2019 - Jun 20, 2019
#9	-12.88% Feb 17, 2004 - Sep 13, 2004	-6.24% Jul 26, 2019 - Oct 25, 2019
#10	-10.26% Feb 11, 2021 - May 24, 2021	-5.52% Mar 28, 2024 - May 14, 2024
#11	-9.51% Nov 5, 1999 - Aug 18, 2000	-5.35% Sep 2, 2021 - Oct 21, 2021
#12	-9.03% May 8, 2003 - Jan 21, 2004	-4.64% Oct 28, 2025 - Dec 10, 2025
#13	-7.51% Nov 6, 2019 - Jan 22, 2020	-4.44% Jun 2, 2026 - Jun 10, 2026
#14	-7.03% Mar 8, 2012 - Apr 24, 2012	-4.23% Dec 4, 2024 - Jan 22, 2025
#15	-7.02% Feb 7, 2005 - Apr 27, 2005	-4.23% Nov 16, 2021 - Dec 15, 2021

Correlation

Correlation between MUA and JUST is 0.24 which considered as a very weak or no correlation - the stocks move independently of each other.

0.24

-101

Dividend Comparison (2000 - 2026)

MUA vs JUST dividend yield comparison.

Year	MUA	JUST
2026	2.58%	0.24%
2025	6.22%	1.02%
2024	6.03%	1.11%
2023	4.84%	1.37%
2022	6.72%	1.51%
2021	5.06%	1.07%
2020	4.35%	1.36%
2019	4.37%	1.86%
2018	5.12%	1.11%
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%