PCQ vs MMT

Comparison between Pimco California Municipal Income Fund (PCQ, ETF) and MFS Multimarket Income Trust (MMT, ETF).

5-Year PerformanceMMT has outperformed PCQ, delivering a return of +1.8% compared to -10.1%

PCQ vs MMT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PCQ(ETF)	MMT(ETF)
Net Assets	$566M	$567M
Max Drawdown	60.60%	47.46%
Sharpe Ratio	0.82	0.04
5Y Beta	0.14	0.20
5Y Dividends CAGR	-11.37%	-2.76%

Net Assets

PCQ

$566M

Winner

MMT

$567M

Max Drawdown

PCQ

60.60%

Winner

MMT

47.46%

Sharpe Ratio

Winner

PCQ

0.82

MMT

0.04

5Y Beta

Winner

PCQ

0.14

MMT

0.20

5Y Dividends CAGR

PCQ

-11.37%

Winner

MMT

-2.76%

PCQ vs MMT - Historical Returns

Returns include dividend reinvestment.

Period	PCQ	MMT
1 month	-0.73%	-1.34%
3 months	+1.34%	-1.40%
6 months	+1.19%	-1.82%
1 year	+10.33%	+3.58%
5 years(CAGR)	-10.08%	+1.76%
10 years(CAGR)	-1.80%	+5.41%
Max(CAGR)	+3.73%	+7.13%

Winner

PCQ

-0.73%

MMT

-1.34%

Winner

PCQ

+1.34%

MMT

-1.40%

Winner

PCQ

+1.19%

MMT

-1.82%

Winner

PCQ

+10.33%

MMT

+3.58%

5Y(CAGR)

PCQ

-10.08%

Winner

MMT

+1.76%

10Y(CAGR)

PCQ

-1.80%

Winner

MMT

+5.41%

Max(CAGR)

PCQ

+3.73%

Winner

MMT

+7.13%

PCQ vs MMT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PCQ	MMT
2026	+2.99%	-0.27%
2025	+0.17%	+8.77%
2024	+1.28%	+11.92%
2023	-36.42%	+8.43%
2022	-15.26%	-23.19%
2021	+7.87%	+12.74%
2020	-6.19%	+7.95%
2019	+26.15%	+27.56%
2018	-1.10%	-8.90%
2017	+16.44%	+8.94%
2016	+5.62%	+21.48%
2015	+6.94%	-7.81%
2014	+26.59%	+6.24%
2013	-14.10%	-1.77%
2012	+25.62%	+14.21%
2011	+18.97%	+4.59%
2010	+6.14%	+15.86%
2009	+45.10%	+40.61%
2008	-41.29%	-10.52%
2007	-3.73%	+1.88%
2006	+16.83%	+7.10%
2005	+24.28%	+0.99%
2004	+8.38%	+6.72%
2003	+0.07%	+14.85%
2002	+2.59%	+5.64%
2001	+0.78%	+2.57%
2000	N/A	+22.97%
1999	N/A	-6.76%

PCQ vs MMT Drawdown Comparison

The maximum drawdown for PCQ was -56.28%, occurring on Dec 16, 2008. Recovery took 839 trading sessions.

The maximum drawdown for MMT was -35.71%, occurring on Mar 18, 2020. Recovery took 154 trading sessions.

The current PCQ drawdown is -45.05%. The current MMT drawdown is -4.08%.

Rank	PCQ	MMT
#1	-56.28% May 11, 2007 - Sep 9, 2010	-35.71% Jan 23, 2020 - Sep 1, 2020
#2	-54.86% Nov 12, 2021 - Oct 6, 2023	-32.27% Dec 17, 2021 - Sep 3, 2025
#3	-37.82% Dec 9, 2019 - Jul 15, 2021	-31.74% May 9, 2008 - Apr 29, 2009
#4	-22.43% Jan 23, 2013 - Nov 20, 2014	-16.73% May 1, 2013 - Jun 1, 2015
#5	-17.69% Oct 15, 2010 - Sep 29, 2011	-14.72% Jul 17, 2001 - Apr 24, 2002
#6	-17.09% Dec 11, 2017 - Jul 9, 2018	-13.23% Jun 1, 2015 - May 25, 2016
#7	-14.13% Aug 13, 2018 - Jan 28, 2019	-11.47% Mar 17, 2004 - Sep 15, 2004
#8	-13.13% Sep 8, 2016 - May 8, 2017	-11.27% Jul 11, 2011 - Dec 5, 2011
#9	-12.06% Jun 13, 2003 - Apr 1, 2004	-10.50% Jan 2, 2018 - Jan 30, 2019
#10	-11.35% Feb 2, 2015 - Oct 20, 2015	-8.72% Jun 6, 2002 - Jan 9, 2003
#11	-10.17% Jul 11, 2012 - Nov 28, 2012	-8.52% May 3, 2010 - Jul 16, 2010
#12	-9.02% Jan 30, 2012 - Apr 24, 2012	-7.69% Sep 8, 2016 - Jan 10, 2017
#13	-8.76% Apr 1, 2004 - Aug 6, 2004	-7.68% Nov 2, 1999 - Feb 3, 2000
#14	-8.05% Sep 13, 2002 - May 22, 2003	-7.62% Aug 22, 2000 - Dec 18, 2000
#15	-7.19% Aug 16, 2001 - Aug 6, 2002	-7.62% Sep 27, 2005 - Oct 4, 2006

Correlation

Correlation between PCQ and MMT is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (1999 - 2026)

PCQ vs MMT dividend yield comparison.

Year	PCQ	MMT
2026	2.88%	4.51%
2025	4.95%	8.65%
2024	4.78%	8.65%
2023	4.64%	8.65%
2022	5.29%	9.38%
2021	4.20%	7.86%
2020	4.39%	8.07%
2019	4.65%	8.16%
2018	5.72%	9.86%
2017	5.35%	8.82%
2016	5.89%	8.71%
2015	5.89%	9.05%
2014	5.90%	7.76%
2013	7.10%	8.89%
2012	5.80%	6.77%
2011	6.87%	7.91%
2010	7.45%	8.70%
2009	7.46%	7.35%
2008	10.68%	8.86%
2007	5.95%	6.45%
2006	5.25%	6.11%
2005	5.83%	6.45%
2004	6.83%	6.19%
2003	6.90%	6.33%
2002	6.45%	7.06%
2001	2.53%	8.76%
2000	0.00%	9.66%
1999	0.00%	1.82%