PML vs SPY

Comparison between Pimco Municipal Income Fund II (PML, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PML, delivering a return of +13.3% compared to -7.4%

PML vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PML(ETF)	SPY(ETF)
Net Assets	$996M	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	67.38%	56.47%
Sharpe Ratio	0.16	2.07
5Y Beta	0.23	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	-7.71%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

PML

$996M

Winner

SPY

$652B

Expense Ratio

PML

N/A

SPY

0.09%

Max Drawdown

PML

67.38%

Winner

SPY

56.47%

Sharpe Ratio

PML

0.16

Winner

SPY

2.07

5Y Beta

Winner

PML

0.23

SPY

1.00

P/E Ratio

PML

N/A

SPY

28.24

Forward P/E

PML

N/A

SPY

21.85

5Y Dividends CAGR

PML

-7.71%

Winner

SPY

5.43%

5Y EPS CAGR

PML

N/A

SPY

25.79%

Debt to Equity

PML

N/A

SPY

22.35%

P/S Ratio

PML

N/A

SPY

3.55

P/B Ratio

PML

N/A

SPY

5.29

PML vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PML	SPY
1 month	+1.58%	+9.11%
3 months	-0.02%	+6.59%
6 months	+0.62%	+10.56%
1 year	+4.90%	+32.04%
5 years(CAGR)	-7.44%	+13.35%
10 years(CAGR)	-0.28%	+15.49%
Max(CAGR)	+3.42%	+8.50%

PML

+1.58%

Winner

SPY

+9.11%

PML

-0.02%

Winner

SPY

+6.59%

PML

+0.62%

Winner

SPY

+10.56%

PML

+4.90%

Winner

SPY

+32.04%

5Y(CAGR)

PML

-7.44%

Winner

SPY

+13.35%

10Y(CAGR)

PML

-0.28%

Winner

SPY

+15.49%

Max(CAGR)

PML

+3.42%

Winner

SPY

+8.50%

PML vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PML	SPY
2026	+2.75%	+8.27%
2025	-1.99%	+18.00%
2024	+2.72%	+25.59%
2023	-5.88%	+26.72%
2022	-33.61%	-18.64%
2021	+7.94%	+30.52%
2020	-5.76%	+17.28%
2019	+23.77%	+31.09%
2018	+6.86%	-5.24%
2017	+13.95%	+20.78%
2016	+2.85%	+13.59%
2015	+11.28%	+1.31%
2014	+19.36%	+14.56%
2013	-15.76%	+29.00%
2012	+23.74%	+14.17%
2011	+21.22%	+0.85%
2010	+1.97%	+13.14%
2009	+58.75%	+22.67%
2008	-48.93%	-36.25%
2007	-3.51%	+5.32%
2006	+8.14%	+13.85%
2005	+16.67%	+5.32%
2004	+10.86%	+10.75%
2003	+3.77%	+24.18%
2002	-1.37%	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

PML vs SPY Drawdown Comparison

The maximum drawdown for PML was -64.33%, occurring on Dec 15, 2008. Recovery took 999 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current PML drawdown is -34.10%.

Rank	PML	SPY
#1	-64.33% Jan 23, 2008 - Jan 9, 2012	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-47.94% Aug 2, 2021 - Oct 27, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-36.00% Jan 2, 2020 - Feb 9, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-20.60% Jan 22, 2013 - Jan 7, 2015	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-14.66% Jul 7, 2016 - Jul 11, 2017	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-13.21% May 15, 2007 - Jan 8, 2008	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-12.24% Mar 24, 2004 - Aug 26, 2004	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-9.80% Feb 3, 2012 - Jun 11, 2012	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-9.37% Dec 29, 2005 - Sep 13, 2006	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-9.10% Jul 2, 2003 - Jan 9, 2004	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-8.72% Dec 7, 2017 - May 30, 2018	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.11% Apr 30, 2015 - Oct 20, 2015	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-6.86% Aug 6, 2019 - Oct 2, 2019	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-6.61% Feb 2, 2015 - Apr 30, 2015	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-6.49% Oct 10, 2002 - Apr 17, 2003	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PML and SPY is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.67

-101

Dividend Comparison (1999 - 2026)

PML vs SPY dividend yield comparison.

Year	PML	SPY
2026	2.07%	0.24%
2025	6.29%	1.07%
2024	5.86%	1.21%
2023	5.71%	1.40%
2022	7.83%	1.65%
2021	4.85%	1.20%
2020	4.95%	1.52%
2019	4.91%	1.75%
2018	5.86%	2.04%
2017	5.92%	1.80%
2016	6.38%	2.03%
2015	6.24%	2.06%
2014	6.57%	1.87%
2013	7.32%	1.81%
2012	5.97%	2.18%
2011	6.94%	2.05%
2010	7.76%	1.80%
2009	7.46%	1.95%
2008	10.58%	3.02%
2007	5.70%	1.85%
2006	5.33%	1.73%
2005	6.40%	1.73%
2004	7.01%	1.82%
2003	6.96%	1.47%
2002	3.61%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%