PBE vs MFM

Comparison between INVESCO BIOTECHNOLOGY & GENOME ETF (PBE, ETF) and MFS Municipal Income Trust (MFM, ETF).

5-Year PerformancePBE has outperformed MFM, delivering a return of +3.3% compared to -1.1%

PBE vs MFM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBE(ETF)	MFM(ETF)
Net Assets	$247M	$246M
Expense Ratio	0.58%	N/A
Max Drawdown	45.69%	59.26%
Sharpe Ratio	1.34	0.72
5Y Beta	0.76	0.16
P/E Ratio	34.32	N/A
Forward P/E	18.77	N/A
5Y Dividends CAGR	98.81%	-1.90%
5Y EPS CAGR	13.01%	N/A
Debt to Equity	55.71%	N/A
P/S Ratio	4.97	N/A
P/B Ratio	4.45	N/A

Net Assets

Winner

PBE

$247M

MFM

$246M

Expense Ratio

PBE

0.58%

MFM

N/A

Max Drawdown

Winner

PBE

45.69%

MFM

59.26%

Sharpe Ratio

Winner

PBE

1.34

MFM

0.72

5Y Beta

PBE

0.76

Winner

MFM

0.16

P/E Ratio

PBE

34.32

MFM

N/A

Forward P/E

PBE

18.77

MFM

N/A

5Y Dividends CAGR

Winner

PBE

98.81%

MFM

-1.90%

5Y EPS CAGR

PBE

13.01%

MFM

N/A

Debt to Equity

PBE

55.71%

MFM

N/A

P/S Ratio

PBE

4.97

MFM

N/A

P/B Ratio

PBE

4.45

MFM

N/A

PBE vs MFM - Historical Returns

Returns include dividend reinvestment.

Period	PBE	MFM
1 month	+3.45%	-0.84%
3 months	+6.06%	-1.41%
6 months	+2.77%	+1.55%
1 year	+31.27%	+11.35%
5 years(CAGR)	+3.29%	-1.06%
10 years(CAGR)	+7.50%	+1.58%
Max(CAGR)	+8.87%	+4.95%

Winner

PBE

+3.45%

MFM

-0.84%

Winner

PBE

+6.06%

MFM

-1.41%

Winner

PBE

+2.77%

MFM

+1.55%

Winner

PBE

+31.27%

MFM

+11.35%

5Y(CAGR)

Winner

PBE

+3.29%

MFM

-1.06%

10Y(CAGR)

Winner

PBE

+7.50%

MFM

+1.58%

Max(CAGR)

Winner

PBE

+8.87%

MFM

+4.95%

PBE vs MFM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PBE	MFM
2026	+1.48%	+2.23%
2025	+23.76%	+6.36%
2024	-0.05%	+7.72%
2023	+4.60%	+4.52%
2022	-11.11%	-21.84%
2021	+1.21%	+9.78%
2020	+25.68%	-1.42%
2019	+18.35%	+16.86%
2018	-2.62%	-5.41%
2017	+20.54%	+8.63%
2016	-20.66%	+1.49%
2015	+1.36%	+8.74%
2014	+36.45%	+13.39%
2013	+57.53%	-14.36%
2012	+13.17%	+14.85%
2011	-7.24%	+18.24%
2010	+29.99%	+0.65%
2009	+19.16%	+70.75%
2008	-25.84%	-36.78%
2007	+6.24%	-13.70%
2006	+0.45%	+11.48%
2005	+17.45%	+9.19%
2004	N/A	+8.26%
2003	N/A	+13.39%
2002	N/A	-1.94%
2001	N/A	+10.39%
2000	N/A	+13.66%
1999	N/A	-7.97%

PBE vs MFM Drawdown Comparison

The maximum drawdown for PBE was -45.69%, occurring on Mar 9, 2009. Recovery took 644 trading sessions.

The maximum drawdown for MFM was -54.24%, occurring on Dec 16, 2008. Recovery took 759 trading sessions.

The current PBE drawdown is -2.53%. The current MFM drawdown is -9.04%.

Rank	PBE	MFM
#1	-45.69% Oct 15, 2007 - May 6, 2010	-54.24% Apr 2, 2007 - Apr 7, 2010
#2	-44.56% Jul 17, 2015 - Jul 20, 2020	-34.38% Jul 29, 2021 - Oct 27, 2023
#3	-37.84% Feb 8, 2021 - Nov 26, 2025	-29.37% Feb 14, 2020 - May 6, 2021
#4	-35.71% May 6, 2010 - Apr 2, 2013	-24.74% Oct 1, 2012 - Dec 24, 2015
#5	-21.12% Feb 27, 2006 - Apr 23, 2007	-15.37% Mar 25, 2004 - Oct 27, 2004
#6	-18.86% Feb 24, 2014 - Aug 25, 2014	-15.26% Oct 29, 2010 - Sep 12, 2011
#7	-14.38% Jul 20, 2020 - Nov 27, 2020	-13.45% Nov 4, 1999 - Jun 2, 2000
#8	-11.73% Jan 7, 2026 - Mar 27, 2026	-12.02% Jul 8, 2016 - Jun 6, 2017
#9	-10.65% Mar 19, 2015 - Jun 18, 2015	-11.92% Sep 17, 2001 - Oct 4, 2002
#10	-10.08% Sep 12, 2005 - Nov 17, 2005	-11.67% Jul 13, 2017 - Feb 20, 2019
#11	-9.07% Apr 25, 2007 - Sep 26, 2007	-10.96% Aug 31, 2000 - Jan 4, 2001
#12	-8.60% Aug 29, 2014 - Oct 23, 2014	-10.86% Oct 4, 2002 - May 9, 2003
#13	-7.84% May 28, 2013 - Jul 5, 2013	-10.56% Jun 11, 2003 - Jan 6, 2004
#14	-7.21% Nov 29, 2013 - Jan 7, 2014	-9.57% Sep 13, 2005 - Jan 19, 2006
#15	-6.59% Oct 2, 2013 - Oct 24, 2013	-8.19% Feb 11, 2005 - May 11, 2005

Correlation

Correlation between PBE and MFM is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

PBE vs MFM dividend yield comparison.

Year	PBE	MFM
2026	0.10%	2.23%
2025	1.00%	5.08%
2024	0.05%	4.65%
2023	0.02%	4.12%
2022	0.00%	4.85%
2021	0.00%	4.34%
2020	0.04%	4.70%
2019	0.00%	4.71%
2018	0.00%	5.91%
2017	0.57%	5.62%
2016	0.38%	5.72%
2015	1.12%	5.76%
2014	0.55%	6.04%
2013	0.00%	7.08%
2012	0.00%	6.31%
2011	0.00%	7.09%
2010	0.00%	7.86%
2009	0.45%	7.32%
2008	0.00%	11.29%
2007	0.00%	6.82%
2006	0.00%	5.82%
2005	0.00%	6.93%
2004	0.00%	7.10%
2003	0.00%	7.04%
2002	0.00%	7.38%
2001	0.00%	6.92%
2000	0.00%	3.01%