SHDG vs MPA

Comparison between SOUNDWATCH HEDGED EQUITY ETF (SHDG, ETF) and BlackRock MuniYield Pennsylvania Quality Fund (MPA, ETF).

SHDG vs MPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHDG(ETF)	MPA(ETF)
Net Assets	$162M	$162M
Expense Ratio	0.91%	N/A
Max Drawdown	15.84%	52.06%
Sharpe Ratio	0.70	1.05
5Y Beta	0.65	0.19
5Y Dividends CAGR	N/A	1.52%

Net Assets

Winner

SHDG

$162M

MPA

$162M

Expense Ratio

SHDG

0.91%

MPA

N/A

Max Drawdown

Winner

SHDG

15.84%

MPA

52.06%

Sharpe Ratio

SHDG

0.70

Winner

MPA

1.05

5Y Beta

SHDG

0.65

Winner

MPA

0.19

5Y Dividends CAGR

SHDG

N/A

MPA

1.52%

SHDG vs MPA - Historical Returns

Returns include dividend reinvestment.

Period	SHDG	MPA
1 month	+0.50%	-0.29%
3 months	+2.95%	-0.07%
6 months	+1.20%	+0.31%
1 year	+9.16%	+11.90%
5 years(CAGR)	N/A	-2.00%
10 years(CAGR)	N/A	+1.33%
Max(CAGR)	+14.12%	+5.22%

Winner

SHDG

+0.50%

MPA

-0.29%

Winner

SHDG

+2.95%

MPA

-0.07%

Winner

SHDG

+1.20%

MPA

+0.31%

SHDG

+9.16%

Winner

MPA

+11.90%

5Y(CAGR)

SHDG

N/A

MPA

-2.00%

10Y(CAGR)

SHDG

N/A

MPA

+1.33%

Max(CAGR)

Winner

SHDG

+14.12%

MPA

+5.22%

SHDG vs MPA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SHDG	MPA
2026	+1.57%	+3.56%
2025	+11.41%	+0.55%
2024	+20.29%	+6.14%
2023	+18.35%	+8.38%
2022	+2.56%	-30.62%
2021	N/A	+18.49%
2020	N/A	+8.74%
2019	N/A	+16.73%
2018	N/A	-8.13%
2017	N/A	+5.79%
2016	N/A	+1.69%
2015	N/A	+7.67%
2014	N/A	+19.02%
2013	N/A	-17.83%
2012	N/A	+9.22%
2011	N/A	+24.24%
2010	N/A	+7.57%
2009	N/A	+43.74%
2008	N/A	-28.52%
2007	N/A	-2.68%
2006	N/A	-0.10%
2005	N/A	+3.08%
2004	N/A	+10.03%
2003	N/A	+11.46%
2002	N/A	+10.51%
2001	N/A	+18.13%
2000	N/A	+10.32%
1999	N/A	-4.57%

SHDG vs MPA Drawdown Comparison

The maximum drawdown for SHDG was -15.82%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

The maximum drawdown for MPA was -44.76%, occurring on Oct 10, 2008. Recovery took 587 trading sessions.

The current SHDG drawdown is -0.50%. The current MPA drawdown is -17.38%.

Rank	SHDG	MPA
#1	-15.82% Feb 19, 2025 - Jul 22, 2025	-44.76% May 8, 2007 - Sep 3, 2009
#2	-8.69% Jul 31, 2023 - Dec 12, 2023	-38.09% Dec 14, 2021 - Oct 27, 2022
#3	-6.62% Feb 2, 2026 - Jul 6, 2026	-25.90% Feb 24, 2020 - Nov 24, 2020
#4	-6.49% Jul 16, 2024 - Aug 30, 2024	-24.32% Jan 7, 2013 - Jan 12, 2015
#5	-4.63% Feb 15, 2023 - Mar 31, 2023	-17.24% Aug 19, 2010 - Sep 12, 2011
#6	-4.42% Dec 1, 2022 - Jan 26, 2023	-17.14% Sep 8, 2016 - Aug 7, 2019
#7	-3.98% Mar 27, 2024 - May 15, 2024	-16.26% Mar 25, 2004 - Oct 18, 2004
#8	-3.75% Aug 30, 2024 - Sep 19, 2024	-11.62% Jun 12, 2003 - Jan 5, 2004
#9	-3.53% Dec 16, 2024 - Feb 13, 2025	-10.87% Mar 8, 2012 - Nov 9, 2012
#10	-3.29% Oct 27, 2025 - Nov 28, 2025	-10.66% Nov 2, 1999 - Feb 4, 2000
#11	-2.51% Oct 28, 2022 - Nov 10, 2022	-10.48% Feb 4, 2000 - Jul 7, 2000
#12	-2.33% Dec 11, 2025 - Dec 23, 2025	-10.40% Oct 7, 2002 - May 6, 2003
#13	-1.94% Oct 8, 2025 - Oct 21, 2025	-9.99% Aug 12, 2005 - Mar 8, 2007
#14	-1.94% May 1, 2023 - May 18, 2023	-9.97% Mar 3, 2015 - Dec 22, 2015
#15	-1.90% Oct 18, 2024 - Nov 6, 2024	-9.70% Feb 8, 2005 - Jun 7, 2005

Correlation

Correlation between SHDG and MPA is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2000 - 2026)

SHDG vs MPA dividend yield comparison.

Year	SHDG	MPA
2026	0.00%	2.99%
2025	0.50%	6.98%
2024	0.62%	6.02%
2023	1.24%	3.63%
2022	0.90%	5.60%
2021	0.00%	3.94%
2020	0.00%	4.12%
2019	0.00%	4.16%
2018	0.00%	5.40%
2017	0.00%	5.22%
2016	0.00%	5.56%
2015	0.00%	5.94%
2014	0.00%	6.19%
2013	0.00%	6.93%
2012	0.00%	5.51%
2011	0.00%	5.81%
2010	0.00%	6.45%
2009	0.00%	5.43%
2008	0.00%	6.98%
2007	0.00%	5.00%
2006	0.00%	5.11%
2005	0.00%	6.06%
2004	0.00%	6.22%
2003	0.00%	6.36%
2002	0.00%	6.58%
2001	0.00%	6.00%
2000	0.00%	2.58%