CMU vs. TRIN

Last updated Jun 4, 2026

CMU (MFS High Yield Municipal Trust) and TRIN (Trinity Capital Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, CMU returned -1.31%/yr vs 18.60%/yr for TRIN. At a 0.15 correlation, their price movements are largely independent.

Performance

CMU vs. TRIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS High Yield Municipal Trust (CMU) and Trinity Capital Inc. (TRIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMU achieves a 0.68% return, which is significantly lower than TRIN's 21.70% return.

CMU

• 1D: -0.15%
• 1M: -4.42%
• YTD: 0.68%
• 6M: 1.88%
• 1Y: 10.46%
• 3Y*: 8.41%
• 5Y*: -1.31%
• 10Y*: 1.67%

TRIN

• 1D: -2.31%
• 1M: 1.48%
• YTD: 21.70%
• 6M: 24.95%
• 1Y: 35.70%
• 3Y*: 27.38%
• 5Y*: 18.60%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMU vs. TRIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CMU MFS High Yield Municipal Trust	0.68%	5.39%	11.56%	10.28%	-27.23%	5.74%
TRIN Trinity Capital Inc.	21.70%	16.01%	14.83%	53.97%	-26.60%	27.12%

Correlation

The correlation between CMU and TRIN is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Feb 1, 2021	0.15

Fundamentals

Market Cap CMU : $85.78M TRIN : $1.41B
EPS CMU : $0.49 TRIN : $2.07
PE Ratio CMU : 6.86 TRIN : 8.17
PS Ratio CMU : 6.53 TRIN : 4.56
PB Ratio CMU : 0.89 TRIN : 1.21
Total Revenue (TTM) CMU : $13.13M TRIN : $276.05M
Gross Profit (TTM) CMU : $11.20M TRIN : $219.75M
EBITDA (TTM) CMU : $23.14M TRIN : $195.35M

Return for Risk

CMU vs. TRIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMU

CMU Risk / Return Rank: 71
CMU Sharpe Ratio Rank: 75
CMU Sortino Ratio Rank: 70
CMU Omega Ratio Rank: 69
CMU Calmar Ratio Rank: 66
CMU Martin Ratio Rank: 75

TRIN

TRIN Risk / Return Rank: 80
TRIN Sharpe Ratio Rank: 85
TRIN Sortino Ratio Rank: 81
TRIN Omega Ratio Rank: 79
TRIN Calmar Ratio Rank: 77
TRIN Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMU vs. TRIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS High Yield Municipal Trust (CMU) and Trinity Capital Inc. (TRIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CMU	TRIN	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.79	-0.63
Sortino ratio: Return per unit of downside risk	1.71	2.47	-0.75
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.08
Calmar ratio: Return relative to maximum drawdown	1.30	2.39	-1.10
Martin ratio: Return relative to average drawdown	4.86	6.01	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMU vs. TRIN - Sharpe Ratio Comparison

The current CMU Sharpe Ratio is 1.16, which is lower than the TRIN Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of CMU and TRIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMU	TRIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.79	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	0.70	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.64	-0.52

Drawdowns

CMU vs. TRIN - Drawdown Comparison

The maximum CMU drawdown since its inception was -57.31%, which is greater than TRIN's maximum drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for CMU and TRIN.

Drawdown Indicators

	CMU	TRIN	Difference
Max Drawdown Largest peak-to-trough decline	-57.31%	-43.12%	-14.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-14.99%	+6.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.20%	-15.58%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	-37.25%	-43.12%	+5.87%
Max Drawdown (10Y) Largest decline over 10 years	-37.25%	—	—
Current Drawdown Current decline from peak	-10.57%	-2.31%	-8.26%
Average Drawdown Average peak-to-trough decline	-13.02%	-8.95%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	5.95%	-3.79%

Volatility

CMU vs. TRIN - Volatility Comparison

The current volatility for MFS High Yield Municipal Trust (CMU) is 3.42%, while Trinity Capital Inc. (TRIN) has a volatility of 6.49%. This indicates that CMU experiences smaller price fluctuations and is considered to be less risky than TRIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMU	TRIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	6.49%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	15.47%	-8.52%
Volatility (1Y) Calculated over the trailing 1-year period	9.14%	20.01%	-10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	26.58%	-14.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.67%	26.82%	-12.15%

Dividends

CMU vs. TRIN - Dividend Comparison

CMU's dividend yield for the trailing twelve months is around 8.45%, less than TRIN's 14.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMU MFS High Yield Municipal Trust	8.45%	5.38%	4.69%	4.05%	5.58%	4.52%	4.93%	4.81%	6.09%	5.87%	6.13%	6.22%
TRIN Trinity Capital Inc.	14.09%	13.92%	14.10%	14.04%	21.32%	7.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CMU and TRIN in my portfolio?

CMU and TRIN have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMU or TRIN?

TRIN has higher volatility (6.49%) compared to CMU (3.42%). In terms of maximum drawdown, CMU dropped -57.31% vs TRIN's -43.12%.

Which has better risk-adjusted returns?

TRIN currently has the higher Sharpe Ratio (1.79 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.