REVS vs MMD

Comparison between COLUMBIA RESEARCH ENHANCED VALUE ETF (REVS, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).

5-Year PerformanceREVS has outperformed MMD, delivering a return of +12.3% compared to -2.4%

REVS vs MMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	REVS(ETF)	MMD(ETF)
Net Assets	$310M	$310M
Expense Ratio	0.19%	N/A
Max Drawdown	37.85%	39.44%
Sharpe Ratio	1.72	0.73
5Y Beta	0.70	0.17
P/E Ratio	20.92	N/A
Forward P/E	15.29	N/A
5Y Dividends CAGR	-26.00%	-4.15%
5Y EPS CAGR	12.25%	N/A
Debt to Equity	59.76%	N/A
P/S Ratio	1.43	N/A
P/B Ratio	2.98	N/A

Net Assets

Winner

REVS

$310M

MMD

$310M

Expense Ratio

REVS

0.19%

MMD

N/A

Max Drawdown

Winner

REVS

37.85%

MMD

39.44%

Sharpe Ratio

Winner

REVS

1.72

MMD

0.73

5Y Beta

REVS

0.70

Winner

MMD

0.17

P/E Ratio

REVS

20.92

MMD

N/A

Forward P/E

REVS

15.29

MMD

N/A

5Y Dividends CAGR

REVS

-26.00%

Winner

MMD

-4.15%

5Y EPS CAGR

REVS

12.25%

MMD

N/A

Debt to Equity

REVS

59.76%

MMD

N/A

P/S Ratio

REVS

1.43

MMD

N/A

P/B Ratio

REVS

2.98

MMD

N/A

REVS vs MMD - Historical Returns

Returns include dividend reinvestment.

Period	REVS	MMD
1 month	+3.12%	-0.28%
3 months	+8.51%	+1.53%
6 months	+12.44%	+2.57%
1 year	+25.36%	+10.15%
5 years(CAGR)	+12.34%	-2.36%
10 years(CAGR)	N/A	+2.15%
Max(CAGR)	+13.28%	+3.75%

Winner

REVS

+3.12%

MMD

-0.28%

Winner

REVS

+8.51%

MMD

+1.53%

Winner

REVS

+12.44%

MMD

+2.57%

Winner

REVS

+25.36%

MMD

+10.15%

5Y(CAGR)

Winner

REVS

+12.34%

MMD

-2.36%

10Y(CAGR)

REVS

N/A

MMD

+2.15%

Max(CAGR)

Winner

REVS

+13.28%

MMD

+3.75%

REVS vs MMD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	REVS	MMD
2026	+14.81%	+4.87%
2025	+16.91%	+3.28%
2024	+15.82%	-4.81%
2023	+13.26%	+4.24%
2022	-6.33%	-20.66%
2021	+30.07%	+4.65%
2020	+1.13%	+8.58%
2019	+7.21%	+12.10%
2018	N/A	+3.95%
2017	N/A	+13.82%
2016	N/A	+2.65%
2015	N/A	+9.39%
2014	N/A	+20.47%
2013	N/A	-17.78%
2012	N/A	+4.83%

REVS vs MMD Drawdown Comparison

The maximum drawdown for REVS was -37.85%, occurring on Mar 23, 2020. Recovery took 227 trading sessions.

The maximum drawdown for MMD was -30.12%, occurring on Oct 27, 2023. This drawdown has not yet recovered.

The current REVS drawdown is -0.61%. The current MMD drawdown is -15.70%.

Rank	REVS	MMD
#1	-37.85% Feb 12, 2020 - Jan 6, 2021	-30.12% Aug 9, 2021 - Oct 27, 2023
#2	-18.04% Apr 20, 2022 - Jul 18, 2023	-25.16% Jan 11, 2013 - Oct 17, 2014
#3	-16.33% Nov 29, 2024 - Jul 1, 2025	-24.57% Feb 13, 2020 - Dec 2, 2020
#4	-11.26% Jul 26, 2023 - Dec 14, 2023	-11.66% Jul 7, 2016 - May 31, 2017
#5	-6.94% Feb 9, 2026 - Apr 17, 2026	-8.45% Apr 23, 2015 - Nov 23, 2015
#6	-6.86% Jan 12, 2022 - Mar 29, 2022	-6.58% Dec 14, 2017 - Jul 16, 2018
#7	-6.03% Nov 12, 2021 - Dec 27, 2021	-6.20% Dec 12, 2012 - Jan 11, 2013
#8	-5.66% Mar 28, 2024 - Jul 15, 2024	-5.57% Sep 10, 2018 - Dec 14, 2018
#9	-5.55% Jul 30, 2024 - Aug 23, 2024	-5.40% Feb 9, 2021 - Apr 13, 2021
#10	-4.86% Jun 4, 2021 - Aug 10, 2021	-5.09% Sep 15, 2017 - Dec 7, 2017
#11	-4.61% Oct 27, 2025 - Nov 28, 2025	-3.90% Feb 5, 2015 - Apr 14, 2015
#12	-4.58% Aug 27, 2021 - Oct 20, 2021	-3.56% Dec 14, 2018 - Feb 7, 2019
#13	-4.36% Jan 20, 2021 - Feb 5, 2021	-3.54% May 11, 2016 - Jun 22, 2016
#14	-3.63% Sep 25, 2019 - Oct 21, 2019	-3.54% May 27, 2021 - Jul 28, 2021
#15	-3.44% Jan 17, 2020 - Feb 11, 2020	-3.28% Nov 11, 2014 - Dec 30, 2014

Correlation

Correlation between REVS and MMD is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.25

-101

Dividend Comparison (2012 - 2026)

REVS vs MMD dividend yield comparison.

Year	REVS	MMD
2026	0.00%	3.06%
2025	2.13%	4.84%
2024	1.89%	4.82%
2023	2.49%	5.26%
2022	2.46%	6.35%
2021	1.18%	4.68%
2020	27.75%	4.68%
2019	0.70%	4.85%
2018	0.00%	5.38%
2017	0.00%	5.45%
2016	0.00%	6.16%
2015	0.00%	6.25%
2014	0.00%	6.39%
2013	0.00%	9.50%
2012	0.00%	2.86%