MYI vs SPY
Comparison between BlackRock MuniYield Quality Fund III Inc (MYI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MYI, delivering a return of +13.3% compared to -0.3%
MYI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MYI
$1.40B
Winner
SPY
$652B
Expense Ratio
MYI
N/A
SPY
0.09%
Max Drawdown
Winner
MYI
52.36%
SPY
56.47%
Sharpe Ratio
MYI
0.72
Winner
SPY
2.07
5Y Beta
Winner
MYI
0.25
SPY
1.00
P/E Ratio
MYI
N/A
SPY
28.24
Forward P/E
MYI
N/A
SPY
21.85
5Y Dividends CAGR
MYI
4.36%
Winner
SPY
5.43%
5Y EPS CAGR
MYI
N/A
SPY
25.79%
Debt to Equity
MYI
N/A
SPY
22.35%
P/S Ratio
MYI
N/A
SPY
3.55
P/B Ratio
MYI
N/A
SPY
5.29
MYI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MYI
+1.42%
Winner
SPY
+9.11%
3M
MYI
-0.16%
Winner
SPY
+6.59%
6M
MYI
+3.25%
Winner
SPY
+10.56%
1Y
MYI
+9.71%
Winner
SPY
+32.04%
5Y(CAGR)
MYI
-0.29%
Winner
SPY
+13.35%
10Y(CAGR)
MYI
+1.62%
Winner
SPY
+15.49%
Max(CAGR)
MYI
+5.20%
Winner
SPY
+8.50%
MYI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MYI | SPY |
|---|---|---|
| 2026 | +3.24% | +8.27% |
| 2025 | +3.97% | +18.00% |
| 2024 | +0.99% | +25.59% |
| 2023 | +9.74% | +26.72% |
| 2022 | -20.19% | -18.64% |
| 2021 | +7.51% | +30.52% |
| 2020 | +11.67% | +17.28% |
| 2019 | +15.59% | +31.09% |
| 2018 | -8.28% | -5.24% |
| 2017 | +6.73% | +20.78% |
| 2016 | -2.32% | +13.59% |
| 2015 | +10.06% | +1.31% |
| 2014 | +17.90% | +14.56% |
| 2013 | -14.78% | +29.00% |
| 2012 | +14.67% | +14.17% |
| 2011 | +22.58% | +0.85% |
| 2010 | +7.25% | +13.14% |
| 2009 | +37.16% | +22.67% |
| 2008 | -25.84% | -36.25% |
| 2007 | -5.26% | +5.32% |
| 2006 | -1.25% | +13.85% |
| 2005 | +14.98% | +5.32% |
| 2004 | +3.56% | +10.75% |
| 2003 | +9.64% | +24.18% |
| 2002 | +6.03% | -22.42% |
| 2001 | +10.19% | -10.13% |
| 2000 | +17.18% | -8.84% |
| 1999 | -8.31% | +8.61% |
MYI vs SPY Drawdown Comparison
The maximum drawdown for MYI was -43.85%, occurring on Oct 10, 2008. Recovery took 590 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MYI drawdown is -6.57%.
| Rank | MYI | SPY |
|---|---|---|
| #1 | -43.85% May 4, 2007 - Sep 4, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -31.84% Aug 25, 2021 - Oct 23, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -25.92% Mar 6, 2020 - Dec 2, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.90% Dec 6, 2012 - Jan 6, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.95% Aug 24, 2010 - Nov 11, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.48% Aug 12, 2016 - Aug 12, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.13% Mar 24, 2004 - Jan 25, 2005 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.15% Jan 6, 2006 - Dec 1, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.13% Nov 5, 1999 - Aug 11, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.69% Oct 9, 2002 - Apr 29, 2003 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.63% Nov 13, 2001 - Jul 5, 2002 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.70% Sep 6, 2005 - Dec 29, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.39% Jun 16, 2003 - Jan 12, 2004 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.25% Oct 8, 2009 - Feb 8, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.03% Feb 1, 2012 - May 10, 2012 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MYI and SPY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (1999 - 2026)
MYI vs SPY dividend yield comparison.
| Year | MYI | SPY |
|---|---|---|
| 2026 | 2.01% | 0.24% |
| 2025 | 6.13% | 1.07% |
| 2024 | 6.03% | 1.21% |
| 2023 | 4.30% | 1.40% |
| 2022 | 5.22% | 1.65% |
| 2021 | 4.17% | 1.20% |
| 2020 | 3.84% | 1.52% |
| 2019 | 3.89% | 1.75% |
| 2018 | 5.01% | 2.04% |
| 2017 | 5.88% | 1.80% |
| 2016 | 6.20% | 2.03% |
| 2015 | 6.03% | 2.06% |
| 2014 | 6.29% | 1.87% |
| 2013 | 6.82% | 1.81% |
| 2012 | 5.67% | 2.18% |
| 2011 | 6.12% | 2.05% |
| 2010 | 6.59% | 1.80% |
| 2009 | 5.77% | 1.95% |
| 2008 | 7.42% | 3.02% |
| 2007 | 5.29% | 1.85% |
| 2006 | 5.26% | 1.73% |
| 2005 | 8.48% | 1.73% |
| 2004 | 6.94% | 1.82% |
| 2003 | 6.45% | 1.47% |
| 2002 | 6.53% | 1.70% |
| 2001 | 6.24% | 1.25% |
| 2000 | 2.56% | 1.15% |
| 1999 | 0.00% | 0.24% |
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