MEMUX vs. MQY

Last updated Jun 4, 2026

MEMUX (Maine Municipal Fund) and MQY (BlackRock MuniYield Quality Fund) are both Municipal Bonds funds. Over the past 10 years, MEMUX returned 0.56%/yr vs 1.41%/yr for MQY. At a 0.25 correlation, their price movements are largely independent. MEMUX charges 0.98%/yr vs 2.07%/yr for MQY.

Performance

MEMUX vs. MQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Maine Municipal Fund (MEMUX) and BlackRock MuniYield Quality Fund (MQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEMUX achieves a 1.25% return, which is significantly lower than MQY's 3.28% return. Over the past 10 years, MEMUX has underperformed MQY with an annualized return of 0.56%, while MQY has yielded a comparatively higher 1.41% annualized return.

MEMUX

• 1D: 0.00%
• 1M: -0.09%
• YTD: 1.25%
• 6M: 1.51%
• 1Y: 6.10%
• 3Y*: 2.74%
• 5Y*: -0.38%
• 10Y*: 0.56%

MQY

• 1D: -0.44%
• 1M: 2.13%
• YTD: 3.28%
• 6M: 2.54%
• 1Y: 9.97%
• 3Y*: 6.08%
• 5Y*: -1.93%
• 10Y*: 1.41%

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

MEMUX vs. MQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEMUX Maine Municipal Fund	1.25%	2.89%	-0.08%	5.27%	-10.30%	-0.32%	3.06%	4.37%	0.50%	3.15%
MQY BlackRock MuniYield Quality Fund	3.28%	4.28%	-0.06%	10.20%	-24.23%	2.67%	14.65%	20.89%	-10.12%	8.98%

Correlation

The correlation between MEMUX and MQY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 28, 1994	0.25

The correlation between MEMUX and MQY shifts across timeframes, from 0.25 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MEMUX vs. MQY — Risk / Return Rank

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

MEMUX

MEMUX Risk / Return Rank: 66
MEMUX Sharpe Ratio Rank: 69
MEMUX Sortino Ratio Rank: 81
MEMUX Omega Ratio Rank: 95
MEMUX Calmar Ratio Rank: 41
MEMUX Martin Ratio Rank: 46

MQY

MQY Risk / Return Rank: 15
MQY Sharpe Ratio Rank: 15
MQY Sortino Ratio Rank: 19
MQY Omega Ratio Rank: 15
MQY Calmar Ratio Rank: 13
MQY Martin Ratio Rank: 14

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.

MEMUX vs. MQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maine Municipal Fund (MEMUX) and BlackRock MuniYield Quality Fund (MQY). 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.

	MEMUX	MQY	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.09	+1.36
Sortino ratio: Return per unit of downside risk	3.86	1.82	+2.05
Omega ratio: Gain probability vs. loss probability	1.77	1.20	+0.57
Calmar ratio: Return relative to maximum drawdown	2.44	1.23	+1.20
Martin ratio: Return relative to average drawdown	9.59	3.90	+5.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEMUX vs. MQY - Sharpe Ratio Comparison

The current MEMUX Sharpe Ratio is 2.44, which is higher than the MQY Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of MEMUX and MQY, 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

	MEMUX	MQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.09	+1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	-0.16	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.11	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.35	+0.18

Drawdowns

MEMUX vs. MQY - Drawdown Comparison

The maximum MEMUX drawdown since its inception was -14.47%, smaller than the maximum MQY drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for MEMUX and MQY.

Drawdown Indicators

	MEMUX	MQY	Difference
Max Drawdown Largest peak-to-trough decline	-14.47%	-41.67%	+27.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	-8.13%	+5.61%
Max Drawdown (3Y) Largest decline over 3 years	-7.48%	-17.03%	+9.55%
Max Drawdown (5Y) Largest decline over 5 years	-14.47%	-35.44%	+20.97%
Max Drawdown (10Y) Largest decline over 10 years	-14.47%	-35.97%	+21.50%
Current Drawdown Current decline from peak	-2.39%	-14.02%	+11.63%
Average Drawdown Average peak-to-trough decline	-2.73%	-8.29%	+5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	2.56%	-1.92%

Volatility

MEMUX vs. MQY - Volatility Comparison

The current volatility for Maine Municipal Fund (MEMUX) is 0.83%, while BlackRock MuniYield Quality Fund (MQY) has a volatility of 3.57%. This indicates that MEMUX experiences smaller price fluctuations and is considered to be less risky than MQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEMUX	MQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	3.57%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	1.82%	7.27%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	9.22%	-6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.24%	12.18%	-7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.83%	13.04%	-9.21%

MEMUX vs. MQY - Expense Ratio Comparison

MEMUX has a 0.98% expense ratio, which is lower than MQY's 2.07% expense ratio.

Dividends

MEMUX vs. MQY - Dividend Comparison

MEMUX's dividend yield for the trailing twelve months is around 2.98%, less than MQY's 6.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEMUX Maine Municipal Fund	2.98%	3.01%	2.87%	2.35%	1.98%	1.72%	1.81%	2.40%	2.36%	2.45%	2.43%	2.06%
MQY BlackRock MuniYield Quality Fund	6.12%	6.16%	6.04%	4.46%	5.87%	4.93%	4.21%	4.00%	5.24%	5.67%	6.10%	6.06%

Frequently Asked Questions

Can I hold both MEMUX and MQY in my portfolio?

MEMUX and MQY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEMUX or MQY?

MQY has higher volatility (3.57%) compared to MEMUX (0.83%). In terms of maximum drawdown, MEMUX dropped -14.47% vs MQY's -41.67%.

Which has better risk-adjusted returns?

MEMUX currently has the higher Sharpe Ratio (2.44 vs 1.09), 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.