USMF vs MMD

Comparison between WISDOMTREE U.S. MULTIFACTOR FUND (USMF, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).

5-Year PerformanceUSMF has outperformed MMD, delivering a return of +7.8% compared to -2.4%

USMF vs MMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	USMF(ETF)	MMD(ETF)
Net Assets	$310M	$310M
Expense Ratio	0.28%	N/A
Max Drawdown	36.24%	39.44%
Sharpe Ratio	0.27	0.73
5Y Beta	0.68	0.17
P/E Ratio	25.54	N/A
Forward P/E	17.30	N/A
PEG Ratio	0.14	N/A
5Y Dividends CAGR	15.79%	-4.15%
5Y EPS CAGR	22.02%	N/A
Debt to Equity	69.03%	N/A
P/S Ratio	1.86	N/A
P/B Ratio	3.93	N/A

Net Assets

Winner

USMF

$310M

MMD

$310M

Expense Ratio

USMF

0.28%

MMD

N/A

Max Drawdown

Winner

USMF

36.24%

MMD

39.44%

Sharpe Ratio

USMF

0.27

Winner

MMD

0.73

5Y Beta

USMF

0.68

Winner

MMD

0.17

P/E Ratio

USMF

25.54

MMD

N/A

Forward P/E

USMF

17.30

MMD

N/A

PEG Ratio

USMF

0.14

MMD

N/A

5Y Dividends CAGR

Winner

USMF

15.79%

MMD

-4.15%

5Y EPS CAGR

USMF

22.02%

MMD

N/A

Debt to Equity

USMF

69.03%

MMD

N/A

P/S Ratio

USMF

1.86

MMD

N/A

P/B Ratio

USMF

3.93

MMD

N/A

USMF vs MMD - Historical Returns

Returns include dividend reinvestment.

Period	USMF	MMD
1 month	-1.61%	-0.28%
3 months	+3.89%	+1.53%
6 months	+4.21%	+2.57%
1 year	+6.68%	+10.15%
5 years(CAGR)	+7.77%	-2.36%
10 years(CAGR)	+10.43%	+2.15%
Max(CAGR)	+10.43%	+3.75%

USMF

-1.61%

Winner

MMD

-0.28%

Winner

USMF

+3.89%

MMD

+1.53%

Winner

USMF

+4.21%

MMD

+2.57%

USMF

+6.68%

Winner

MMD

+10.15%

5Y(CAGR)

Winner

USMF

+7.77%

MMD

-2.36%

10Y(CAGR)

Winner

USMF

+10.43%

MMD

+2.15%

Max(CAGR)

Winner

USMF

+10.43%

MMD

+3.75%

USMF vs MMD - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	USMF	MMD
2026	+5.08%	+4.87%
2025	+4.59%	+3.28%
2024	+19.52%	-4.81%
2023	+13.88%	+4.24%
2022	-8.76%	-20.66%
2021	+22.46%	+4.65%
2020	+11.53%	+8.58%
2019	+24.74%	+12.10%
2018	-4.54%	+3.95%
2017	+11.27%	+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%

USMF vs MMD Drawdown Comparison

The maximum drawdown for USMF was -36.24%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

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

The current USMF drawdown is -1.81%. The current MMD drawdown is -15.70%.

Rank	USMF	MMD
#1	-36.24% Feb 19, 2020 - Sep 2, 2020	-30.12% Aug 9, 2021 - Oct 27, 2023
#2	-19.07% Sep 14, 2018 - Jul 3, 2019	-25.16% Jan 11, 2013 - Oct 17, 2014
#3	-18.11% Jan 4, 2022 - Dec 4, 2023	-24.57% Feb 13, 2020 - Dec 2, 2020
#4	-15.39% Nov 26, 2024 - Sep 11, 2025	-11.66% Jul 7, 2016 - May 31, 2017
#5	-8.63% Jan 29, 2018 - Jun 8, 2018	-8.45% Apr 23, 2015 - Nov 23, 2015
#6	-7.91% Sep 2, 2020 - Oct 13, 2020	-6.58% Dec 14, 2017 - Jul 16, 2018
#7	-6.90% Oct 13, 2020 - Nov 16, 2020	-6.20% Dec 12, 2012 - Jan 11, 2013
#8	-6.46% Sep 29, 2025 - May 8, 2026	-5.57% Sep 10, 2018 - Dec 14, 2018
#9	-5.94% Nov 12, 2021 - Dec 27, 2021	-5.40% Feb 9, 2021 - Apr 13, 2021
#10	-5.63% Mar 28, 2024 - Jul 16, 2024	-5.09% Sep 15, 2017 - Dec 7, 2017
#11	-5.51% Jul 31, 2024 - Aug 16, 2024	-3.90% Feb 5, 2015 - Apr 14, 2015
#12	-5.18% Jul 12, 2019 - Oct 28, 2019	-3.56% Dec 14, 2018 - Feb 7, 2019
#13	-4.99% Feb 12, 2021 - Mar 11, 2021	-3.54% May 11, 2016 - Jun 22, 2016
#14	-4.66% Sep 2, 2021 - Oct 22, 2021	-3.54% May 27, 2021 - Jul 28, 2021
#15	-4.08% Jun 11, 2021 - Jul 29, 2021	-3.28% Nov 11, 2014 - Dec 30, 2014

Correlation

Correlation between USMF and MMD is 0.24 which considered as a very weak or no correlation - the stocks move independently of each other.

0.24

-101

Dividend Comparison (2012 - 2026)

USMF vs MMD dividend yield comparison.

Year	USMF	MMD
2026	0.67%	3.06%
2025	1.37%	4.84%
2024	1.22%	4.82%
2023	1.33%	5.26%
2022	1.74%	6.35%
2021	1.42%	4.68%
2020	1.34%	4.68%
2019	1.38%	4.85%
2018	1.45%	5.38%
2017	0.67%	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%