VSMV vs MHF

Comparison between VICTORYSHARES US MULTI-FACTOR MINIMUM VOLATILITY ETF (VSMV, ETF) and Western Asset Municipal High Income Fund Inc (MHF, ETF).

5-Year PerformanceVSMV has outperformed MHF, delivering a return of +11.1% compared to +1.3%

VSMV vs MHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VSMV(ETF)	MHF(ETF)
Net Assets	$153M	$153M
Expense Ratio	0.35%	N/A
Max Drawdown	31.45%	35.92%
Sharpe Ratio	1.97	0.15
5Y Beta	0.58	0.20
P/E Ratio	19.66	N/A
Forward P/E	16.80	N/A
PEG Ratio	0.33	N/A
5Y Dividends CAGR	3.89%	10.43%
5Y EPS CAGR	18.66%	N/A
Debt to Equity	47.01%	N/A
P/S Ratio	1.63	N/A
P/B Ratio	5.05	N/A

Net Assets

VSMV

$153M

Winner

MHF

$153M

Expense Ratio

VSMV

0.35%

MHF

N/A

Max Drawdown

Winner

VSMV

31.45%

MHF

35.92%

Sharpe Ratio

Winner

VSMV

1.97

MHF

0.15

5Y Beta

VSMV

0.58

Winner

MHF

0.20

P/E Ratio

VSMV

19.66

MHF

N/A

Forward P/E

VSMV

16.80

MHF

N/A

PEG Ratio

VSMV

0.33

MHF

N/A

5Y Dividends CAGR

VSMV

3.89%

Winner

MHF

10.43%

5Y EPS CAGR

VSMV

18.66%

MHF

N/A

Debt to Equity

VSMV

47.01%

MHF

N/A

P/S Ratio

VSMV

1.63

MHF

N/A

P/B Ratio

VSMV

5.05

MHF

N/A

VSMV vs MHF - Historical Returns

Returns include dividend reinvestment.

Period	VSMV	MHF
1 month	+0.70%	-0.81%
3 months	+2.91%	-0.17%
6 months	+8.27%	+0.66%
1 year	+24.15%	+5.15%
5 years(CAGR)	+11.12%	+1.31%
10 years(CAGR)	+12.20%	+2.56%
Max(CAGR)	+12.20%	+4.91%

Winner

VSMV

+0.70%

MHF

-0.81%

Winner

VSMV

+2.91%

MHF

-0.17%

Winner

VSMV

+8.27%

MHF

+0.66%

Winner

VSMV

+24.15%

MHF

+5.15%

5Y(CAGR)

Winner

VSMV

+11.12%

MHF

+1.31%

10Y(CAGR)

Winner

VSMV

+12.20%

MHF

+2.56%

Max(CAGR)

Winner

VSMV

+12.20%

MHF

+4.91%

VSMV vs MHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VSMV	MHF
2026	+7.73%	+2.36%
2025	+17.41%	+5.62%
2024	+15.49%	+11.13%
2023	+12.53%	+3.08%
2022	-7.18%	-17.27%
2021	+27.07%	+10.73%
2020	+5.38%	+2.74%
2019	+27.51%	+11.83%
2018	-1.12%	-2.40%
2017	+11.48%	+7.69%
2016	N/A	-4.81%
2015	N/A	+6.80%
2014	N/A	+20.30%
2013	N/A	-12.41%
2012	N/A	+6.95%
2011	N/A	+16.94%
2010	N/A	+3.58%
2009	N/A	+18.79%
2008	N/A	-6.14%
2007	N/A	-3.49%
2006	N/A	+15.59%
2005	N/A	+6.05%
2004	N/A	-0.82%
2003	N/A	+9.44%
2002	N/A	-2.15%
2001	N/A	+2.25%
2000	N/A	+21.56%
1999	N/A	-5.06%

VSMV vs MHF Drawdown Comparison

The maximum drawdown for VSMV was -31.33%, occurring on Mar 23, 2020. Recovery took 213 trading sessions.

The maximum drawdown for MHF was -29.95%, occurring on Oct 6, 2008. Recovery took 412 trading sessions.

The current VSMV drawdown is -1.83%. The current MHF drawdown is -6.19%.

Rank	VSMV	MHF
#1	-31.33% Feb 13, 2020 - Dec 16, 2020	-29.95% Jul 9, 2008 - Feb 26, 2010
#2	-17.96% Apr 8, 2022 - Jul 21, 2023	-26.72% Oct 25, 2021 - Feb 19, 2025
#3	-15.89% Oct 3, 2018 - Apr 23, 2019	-24.97% Feb 25, 2020 - Jan 26, 2021
#4	-13.22% Nov 26, 2024 - Jul 23, 2025	-24.71% Sep 26, 2012 - Dec 2, 2015
#5	-9.28% Dec 29, 2021 - Mar 29, 2022	-14.28% May 12, 2016 - Sep 19, 2017
#6	-7.65% Jan 29, 2018 - Aug 2, 2018	-14.13% Sep 28, 2010 - Sep 9, 2011
#7	-7.00% Jul 25, 2023 - Dec 1, 2023	-13.32% Mar 25, 2025 - Sep 19, 2025
#8	-5.34% Aug 16, 2021 - Oct 22, 2021	-13.25% Nov 12, 1999 - Jul 5, 2000
#9	-5.18% Feb 27, 2026 - Apr 30, 2026	-12.46% May 10, 2007 - May 30, 2008
#10	-5.14% Mar 28, 2024 - Jun 13, 2024	-11.92% Aug 24, 2001 - Jun 13, 2003
#11	-4.94% Jul 29, 2019 - Sep 5, 2019	-10.85% Mar 23, 2004 - May 26, 2005
#12	-4.94% Jan 26, 2021 - Mar 15, 2021	-9.99% Sep 19, 2017 - May 23, 2019
#13	-4.32% Jul 17, 2024 - Aug 16, 2024	-9.96% Sep 19, 2025 - Mar 27, 2026
#14	-3.49% May 6, 2019 - Jun 7, 2019	-9.23% Feb 27, 2012 - May 1, 2012
#15	-3.30% May 10, 2021 - Jul 1, 2021	-8.80% Jul 1, 2021 - Oct 25, 2021

Correlation

Correlation between VSMV and MHF is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (1999 - 2026)

VSMV vs MHF dividend yield comparison.

Year	VSMV	MHF
2026	0.42%	2.48%
2025	1.35%	5.93%
2024	1.36%	5.65%
2023	1.77%	3.78%
2022	1.99%	3.72%
2021	1.36%	3.23%
2020	2.01%	3.75%
2019	2.00%	4.02%
2018	2.42%	4.42%
2017	1.11%	4.14%
2016	0.00%	4.53%
2015	0.00%	4.45%
2014	0.00%	4.73%
2013	0.00%	5.59%
2012	0.00%	5.13%
2011	0.00%	5.57%
2010	0.00%	6.14%
2009	0.00%	5.98%
2008	0.00%	6.66%
2007	0.00%	5.66%
2006	0.00%	4.92%
2005	0.00%	6.10%
2004	0.00%	7.38%
2003	0.00%	7.22%
2002	0.00%	7.46%
2001	0.00%	7.17%
2000	0.00%	7.16%
1999	0.00%	1.34%