VEGA vs MMCA

Comparison between ADVISORSHARES STAR GLOBAL BUY-WRITE ETF (VEGA, ETF) and NYLI MACKAY CALIFORNIA MUNI INTERMEDIATE ETF (MMCA, ETF).

5-Year PerformanceVEGA has outperformed MMCA, delivering a return of +6.8% compared to +0.1%

VEGA vs MMCA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VEGA(ETF)	MMCA(ETF)
Net Assets	$89M	$89M
Expense Ratio	1.25%	0.36%
Max Drawdown	28.37%	17.98%
Sharpe Ratio	1.04	0.55
5Y Beta	0.60	0.03
5Y Dividends CAGR	49.03%	N/A

Net Assets

Winner

VEGA

$89M

MMCA

$89M

Expense Ratio

VEGA

1.25%

Winner

MMCA

0.36%

Max Drawdown

VEGA

28.37%

Winner

MMCA

17.98%

Sharpe Ratio

Winner

VEGA

1.04

MMCA

0.55

5Y Beta

VEGA

0.60

Winner

MMCA

0.03

5Y Dividends CAGR

VEGA

49.03%

MMCA

N/A

VEGA vs MMCA - Historical Returns

Returns include dividend reinvestment.

Period	VEGA	MMCA
1 month	-0.52%	-0.89%
3 months	+3.00%	-0.44%
6 months	+4.89%	-0.16%
1 year	+13.94%	+4.86%
5 years(CAGR)	+6.77%	+0.05%
10 years(CAGR)	+7.56%	N/A
Max(CAGR)	+6.13%	+0.05%

Winner

VEGA

-0.52%

MMCA

-0.89%

Winner

VEGA

+3.00%

MMCA

-0.44%

Winner

VEGA

+4.89%

MMCA

-0.16%

Winner

VEGA

+13.94%

MMCA

+4.86%

5Y(CAGR)

Winner

VEGA

+6.77%

MMCA

+0.05%

10Y(CAGR)

VEGA

+7.56%

MMCA

N/A

Max(CAGR)

Winner

VEGA

+6.13%

MMCA

+0.05%

VEGA vs MMCA - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	VEGA	MMCA
2026	+6.02%	+0.25%
2025	+15.32%	+5.53%
2024	+12.03%	+1.70%
2023	+15.58%	+5.62%
2022	-15.39%	-12.10%
2021	+13.28%	+0.01%
2020	+8.05%	N/A
2019	+18.89%	N/A
2018	-6.94%	N/A
2017	+12.02%	N/A
2016	+9.08%	N/A
2015	-1.86%	N/A
2014	+6.81%	N/A
2013	+0.85%	N/A
2012	-0.28%	N/A

VEGA vs MMCA Drawdown Comparison

The maximum drawdown for VEGA was -28.37%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.

The maximum drawdown for MMCA was -15.97%, occurring on Oct 27, 2022. Recovery took 1011 trading sessions.

The current VEGA drawdown is -1.20%. The current MMCA drawdown is -1.86%.

Rank	VEGA	MMCA
#1	-28.37% Feb 19, 2020 - Sep 2, 2020	-15.97% Dec 22, 2021 - Jan 5, 2026
#2	-22.78% Nov 8, 2021 - Mar 1, 2024	-3.01% Feb 27, 2026 - Mar 26, 2026
#3	-14.50% Aug 29, 2018 - Apr 29, 2019	-0.32% Jan 16, 2026 - Jan 30, 2026
#4	-13.10% Mar 4, 2015 - Aug 5, 2016	-0.06% Feb 2, 2026 - Feb 4, 2026
#5	-11.62% Feb 14, 2025 - Jun 4, 2025	-0.05% Feb 10, 2026 - Feb 12, 2026
#6	-9.22% Mar 7, 2013 - May 27, 2014	-0.04% Jan 9, 2026 - Jan 13, 2026
#7	-7.01% Jan 26, 2018 - Aug 27, 2018	-0.04% Jan 14, 2026 - Jan 16, 2026
#8	-6.86% Feb 25, 2026 - Apr 17, 2026	-0.00% Jan 7, 2026 - Jan 9, 2026
#9	-6.33% Sep 2, 2020 - Nov 9, 2020	N/A
#10	-5.54% Sep 5, 2014 - Nov 18, 2014	N/A
#11	-4.84% Jul 12, 2024 - Aug 20, 2024	N/A
#12	-4.56% Mar 28, 2024 - May 15, 2024	N/A
#13	-4.55% Dec 6, 2024 - Feb 13, 2025	N/A
#14	-4.37% Apr 29, 2019 - Jul 1, 2019	N/A
#15	-3.94% Jul 15, 2019 - Sep 19, 2019	N/A

Correlation

Correlation between VEGA and MMCA is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2012 - 2026)

VEGA vs MMCA dividend yield comparison.

Year	VEGA	MMCA
2026	0.00%	1.61%
2025	1.34%	3.39%
2024	1.05%	3.66%
2023	1.12%	3.57%
2022	1.89%	2.90%
2021	0.55%	0.05%
2020	0.28%	0.00%
2019	0.44%	0.00%
2018	0.45%	0.00%
2016	0.81%	0.00%
2012	0.80%	0.00%