PBJ vs MMCA

Comparison between INVESCO FOOD & BEVERAGE ETF (PBJ, ETF) and NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF (MMCA, ETF).

5-Year PerformancePBJ has outperformed MMCA, delivering a return of +4.9% compared to +0.1%

PBJ vs MMCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBJ(ETF)	MMCA(ETF)
Net Assets	$89M	$89M
Expense Ratio	0.61%	0.36%
Max Drawdown	41.72%	17.98%
Sharpe Ratio	-0.07	0.55
5Y Beta	0.37	0.03
P/E Ratio	21.59	N/A
Forward P/E	15.32	N/A
PEG Ratio	0.16	N/A
5Y Dividends CAGR	9.50%	N/A
5Y EPS CAGR	5.42%	N/A
Debt to Equity	10.96%	N/A
P/S Ratio	0.48	N/A
P/B Ratio	2.13	N/A

Net Assets

PBJ

$89M

Winner

MMCA

$89M

Expense Ratio

PBJ

0.61%

Winner

MMCA

0.36%

Max Drawdown

PBJ

41.72%

Winner

MMCA

17.98%

Sharpe Ratio

PBJ

-0.07

Winner

MMCA

0.55

5Y Beta

PBJ

0.37

Winner

MMCA

0.03

P/E Ratio

PBJ

21.59

MMCA

N/A

Forward P/E

PBJ

15.32

MMCA

N/A

PEG Ratio

PBJ

0.16

MMCA

N/A

5Y Dividends CAGR

PBJ

9.50%

MMCA

N/A

5Y EPS CAGR

PBJ

5.42%

MMCA

N/A

Debt to Equity

PBJ

10.96%

MMCA

N/A

P/S Ratio

PBJ

0.48

MMCA

N/A

P/B Ratio

PBJ

2.13

MMCA

N/A

PBJ vs MMCA - Historical Returns

Returns include dividend reinvestment.

Period	PBJ	MMCA
1 month	+5.02%	-0.89%
3 months	-1.97%	-0.44%
6 months	+4.01%	-0.16%
1 year	+2.04%	+4.86%
5 years(CAGR)	+4.91%	+0.05%
10 years(CAGR)	+4.92%	N/A
Max(CAGR)	+7.27%	+0.05%

Winner

PBJ

+5.02%

MMCA

-0.89%

PBJ

-1.97%

Winner

MMCA

-0.44%

Winner

PBJ

+4.01%

MMCA

-0.16%

PBJ

+2.04%

Winner

MMCA

+4.86%

5Y(CAGR)

Winner

PBJ

+4.91%

MMCA

+0.05%

10Y(CAGR)

PBJ

+4.92%

MMCA

N/A

Max(CAGR)

Winner

PBJ

+7.27%

MMCA

+0.05%

PBJ vs MMCA - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	PBJ	MMCA
2026	+9.13%	+0.25%
2025	-2.48%	+5.53%
2024	+1.69%	+1.70%
2023	+3.23%	+5.62%
2022	+2.72%	-12.10%
2021	+27.48%	+0.01%
2020	+6.93%	N/A
2019	+17.62%	N/A
2018	-10.67%	N/A
2017	+1.06%	N/A
2016	+7.78%	N/A
2015	+7.18%	N/A
2014	+18.70%	N/A
2013	+30.21%	N/A
2012	+5.22%	N/A
2011	+5.66%	N/A
2010	+28.95%	N/A
2009	+8.80%	N/A
2008	-20.79%	N/A
2007	+6.17%	N/A
2006	+16.10%	N/A
2005	-2.80%	N/A

PBJ vs MMCA Drawdown Comparison

The maximum drawdown for PBJ was -39.15%, occurring on Mar 9, 2009. Recovery took 759 trading sessions.

The maximum drawdown for MMCA was -15.97%, occurring on Oct 27, 2022. Recovery took 1011 trading sessions.

The current PBJ drawdown is -4.27%. The current MMCA drawdown is -1.86%.

Rank	PBJ	MMCA
#1	-39.15% Oct 9, 2007 - Oct 13, 2010	-15.97% Dec 22, 2021 - Jan 5, 2026
#2	-28.49% Sep 5, 2019 - Dec 1, 2020	-3.01% Feb 27, 2026 - Mar 26, 2026
#3	-17.02% Jan 26, 2018 - Jul 3, 2019	-0.32% Jan 16, 2026 - Jan 30, 2026
#4	-15.83% Apr 20, 2022 - Mar 13, 2024	-0.06% Feb 2, 2026 - Feb 4, 2026
#5	-15.66% Jul 21, 2011 - Jul 3, 2012	-0.05% Feb 10, 2026 - Feb 12, 2026
#6	-12.47% Jul 23, 2025 - Feb 3, 2026	-0.04% Jan 9, 2026 - Jan 13, 2026
#7	-11.31% Nov 29, 2024 - Jul 22, 2025	-0.04% Jan 14, 2026 - Jan 16, 2026
#8	-10.96% Aug 17, 2015 - Jun 30, 2016	-0.00% Jan 7, 2026 - Jan 9, 2026
#9	-9.61% Jun 1, 2007 - Oct 9, 2007	N/A
#10	-9.25% Jul 25, 2016 - Jan 19, 2018	N/A
#11	-8.85% Feb 27, 2026 - Jun 22, 2026	N/A
#12	-8.23% Jun 7, 2021 - Nov 5, 2021	N/A
#13	-7.99% Jul 19, 2005 - Mar 17, 2006	N/A
#14	-7.91% Mar 27, 2024 - Nov 25, 2024	N/A
#15	-7.60% Aug 5, 2013 - Feb 20, 2014	N/A

Correlation

Correlation between PBJ and MMCA is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.65

-101

Dividend Comparison (2005 - 2026)

PBJ vs MMCA dividend yield comparison.

Year	PBJ	MMCA
2026	0.60%	1.61%
2025	1.83%	3.39%
2024	1.11%	3.66%
2023	1.81%	3.57%
2022	1.81%	2.90%
2021	0.90%	0.05%
2020	1.12%	0.00%
2019	1.21%	0.00%
2018	1.41%	0.00%
2017	0.70%	0.00%
2016	1.56%	0.00%
2015	1.24%	0.00%
2014	1.32%	0.00%
2013	0.85%	0.00%
2012	1.58%	0.00%
2011	0.96%	0.00%
2010	1.14%	0.00%
2009	1.81%	0.00%
2008	1.80%	0.00%
2007	3.12%	0.00%
2006	0.93%	0.00%
2005	0.51%	0.00%