SMRI vs MMU

Comparison between BUSHIDO CAPITAL US EQUITY ETF (SMRI, ETF) and Western Asset Managed Municipals Fund Inc (MMU, ETF).

SMRI vs MMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMRI(ETF)	MMU(ETF)
Net Assets	$600M	$600M
Expense Ratio	0.71%	N/A
Max Drawdown	19.59%	46.70%
Sharpe Ratio	1.64	0.82
5Y Beta	0.80	0.18
P/E Ratio	23.23	N/A
Forward P/E	14.72	N/A
PEG Ratio	0.08	N/A
5Y Dividends CAGR	N/A	5.88%
5Y EPS CAGR	22.55%	N/A
Debt to Equity	-40.56%	N/A
P/S Ratio	1.32	N/A
P/B Ratio	3.13	N/A

Net Assets

Winner

SMRI

$600M

MMU

$600M

Expense Ratio

SMRI

0.71%

MMU

N/A

Max Drawdown

Winner

SMRI

19.59%

MMU

46.70%

Sharpe Ratio

Winner

SMRI

1.64

MMU

0.82

5Y Beta

SMRI

0.80

Winner

MMU

0.18

P/E Ratio

SMRI

23.23

MMU

N/A

Forward P/E

SMRI

14.72

MMU

N/A

PEG Ratio

SMRI

0.08

MMU

N/A

5Y Dividends CAGR

SMRI

N/A

MMU

5.88%

5Y EPS CAGR

SMRI

22.55%

MMU

N/A

Debt to Equity

SMRI

-40.56%

MMU

N/A

P/S Ratio

SMRI

1.32

MMU

N/A

P/B Ratio

SMRI

3.13

MMU

N/A

SMRI vs MMU - Historical Returns

Returns include dividend reinvestment.

Period	SMRI	MMU
1 month	+7.44%	+1.23%
3 months	+18.65%	-0.51%
6 months	+14.63%	+1.64%
1 year	+30.17%	+10.04%
5 years(CAGR)	N/A	-0.31%
10 years(CAGR)	N/A	+1.28%
Max(CAGR)	+21.44%	+5.88%

Winner

SMRI

+7.44%

MMU

+1.23%

Winner

SMRI

+18.65%

MMU

-0.51%

Winner

SMRI

+14.63%

MMU

+1.64%

Winner

SMRI

+30.17%

MMU

+10.04%

5Y(CAGR)

SMRI

N/A

MMU

-0.31%

10Y(CAGR)

SMRI

N/A

MMU

+1.28%

Max(CAGR)

Winner

SMRI

+21.44%

MMU

+5.88%

SMRI vs MMU - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SMRI	MMU
2026	+15.84%	+0.91%
2025	+17.50%	+6.96%
2024	+18.08%	+5.34%
2023	+5.11%	+4.91%
2022	N/A	-19.58%
2021	N/A	+6.24%
2020	N/A	+0.29%
2019	N/A	+5.60%
2018	N/A	-4.82%
2017	N/A	+8.30%
2016	N/A	+1.72%
2015	N/A	+10.34%
2014	N/A	+18.47%
2013	N/A	-11.35%
2012	N/A	+14.07%
2011	N/A	+20.27%
2010	N/A	+3.61%
2009	N/A	+37.35%
2008	N/A	-9.63%
2007	N/A	+3.15%
2006	N/A	+10.06%
2005	N/A	+3.14%
2004	N/A	+0.27%
2003	N/A	+14.43%
2002	N/A	+8.40%
2001	N/A	+7.38%
2000	N/A	+16.78%
1999	N/A	-6.08%

SMRI vs MMU Drawdown Comparison

The maximum drawdown for SMRI was -18.44%, occurring on Apr 8, 2025. Recovery took 139 trading sessions.

The maximum drawdown for MMU was -34.50%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current SMRI drawdown is -3.45%. The current MMU drawdown is -6.04%.

Rank	SMRI	MMU
#1	-18.44% Dec 6, 2024 - Jul 1, 2025	-34.50% Aug 8, 2019 - Mar 18, 2020
#2	-6.88% Sep 14, 2023 - Nov 30, 2023	-32.11% May 28, 2008 - Apr 21, 2009
#3	-6.80% Jan 9, 2026 - Apr 17, 2026	-26.42% Nov 26, 2012 - Mar 4, 2015
#4	-6.18% Mar 28, 2024 - Jul 16, 2024	-16.43% Dec 20, 2017 - Feb 26, 2019
#5	-5.79% Jul 30, 2024 - Aug 23, 2024	-14.63% Aug 23, 2016 - Dec 20, 2017
#6	-5.71% Jul 1, 2025 - Aug 22, 2025	-13.52% Sep 10, 2010 - Sep 7, 2011
#7	-5.49% Jun 1, 2026 - Jun 10, 2026	-12.27% Mar 8, 2004 - Nov 26, 2004
#8	-4.21% Nov 12, 2025 - Nov 26, 2025	-9.50% Feb 9, 2012 - May 3, 2012
#9	-4.16% Aug 30, 2024 - Sep 19, 2024	-8.49% Nov 16, 1999 - Jun 22, 2000
#10	-3.99% Oct 6, 2025 - Oct 27, 2025	-7.74% Oct 6, 2009 - Jan 14, 2010
#11	-3.33% Oct 14, 2024 - Nov 6, 2024	-7.60% Apr 24, 2015 - Jul 29, 2015
#12	-2.79% Jan 2, 2024 - Feb 1, 2024	-7.25% Sep 7, 2001 - Nov 7, 2001
#13	-2.68% Jul 16, 2024 - Jul 30, 2024	-7.17% Jul 27, 2012 - Sep 21, 2012
#14	-2.53% Nov 11, 2024 - Nov 21, 2024	-7.06% May 14, 2007 - Jan 3, 2008
#15	-1.97% May 8, 2026 - May 22, 2026	-6.87% Oct 2, 2002 - May 14, 2003

Correlation

Correlation between SMRI and MMU is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (1999 - 2026)

SMRI vs MMU dividend yield comparison.

Year	SMRI	MMU
2026	0.16%	2.65%
2025	1.32%	6.26%
2024	0.98%	6.16%
2023	0.45%	4.36%
2022	0.00%	4.65%
2021	0.00%	3.88%
2020	0.00%	4.21%
2019	0.00%	4.96%
2018	0.00%	5.68%
2017	0.00%	5.37%
2016	0.00%	5.67%
2015	0.00%	5.50%
2014	0.00%	5.74%
2013	0.00%	6.39%
2012	0.00%	5.43%
2011	0.00%	5.82%
2010	0.00%	6.40%
2009	0.00%	5.29%
2008	0.00%	5.79%
2007	0.00%	4.97%
2006	0.00%	5.16%
2005	0.00%	5.54%
2004	0.00%	6.35%
2003	0.00%	6.10%
2002	0.00%	5.87%
2001	0.00%	5.77%
2000	0.00%	6.04%
1999	0.00%	1.10%