WITAX vs. MIY
Compare and contrast key facts about Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and BlackRock MuniYield Michigan Quality Fund (MIY).
WITAX is managed by Segall Bryant & Hamill. It was launched on Dec 15, 2016. MIY is an actively managed fund by BlackRock. It was launched on Oct 30, 1992.
Performance
WITAX vs. MIY - Performance Comparison
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WITAX vs. MIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | -0.07% | 5.32% | 3.09% | 5.50% | -11.11% | 2.87% | 6.71% | 7.20% | 1.46% | 8.57% |
MIY BlackRock MuniYield Michigan Quality Fund | 2.55% | 11.24% | 3.48% | 6.60% | -24.10% | 10.04% | 7.27% | 19.51% | -6.71% | 8.70% |
Returns By Period
In the year-to-date period, WITAX achieves a -0.07% return, which is significantly lower than MIY's 2.55% return.
WITAX
- 1D
- 0.21%
- 1M
- -1.82%
- YTD
- -0.07%
- 6M
- 1.47%
- 1Y
- 4.35%
- 3Y*
- 4.05%
- 5Y*
- 0.94%
- 10Y*
- —
MIY
- 1D
- 1.54%
- 1M
- -5.15%
- YTD
- 2.55%
- 6M
- 8.25%
- 1Y
- 10.47%
- 3Y*
- 7.28%
- 5Y*
- 0.01%
- 10Y*
- 2.91%
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WITAX vs. MIY - Expense Ratio Comparison
WITAX has a 0.50% expense ratio, which is lower than MIY's 2.25% expense ratio.
Return for Risk
WITAX vs. MIY — Risk / Return Rank
WITAX
MIY
WITAX vs. MIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and BlackRock MuniYield Michigan Quality Fund (MIY). 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.
| WITAX | MIY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 0.93 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.38 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.39 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.28 | 3.77 | +2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WITAX | MIY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.93 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.00 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.36 | +0.61 |
Correlation
The correlation between WITAX and MIY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WITAX vs. MIY - Dividend Comparison
WITAX's dividend yield for the trailing twelve months is around 3.22%, less than MIY's 5.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | 3.22% | 3.49% | 3.68% | 3.61% | 3.17% | 2.75% | 3.30% | 4.19% | 3.56% | 3.76% | 0.00% | 0.00% |
MIY BlackRock MuniYield Michigan Quality Fund | 5.51% | 5.57% | 5.21% | 3.86% | 5.70% | 4.38% | 4.23% | 4.27% | 5.27% | 5.46% | 5.85% | 5.66% |
Drawdowns
WITAX vs. MIY - Drawdown Comparison
The maximum WITAX drawdown since its inception was -13.87%, smaller than the maximum MIY drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for WITAX and MIY.
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Drawdown Indicators
| WITAX | MIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -42.19% | +28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -8.12% | +5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -13.87% | -34.59% | +20.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.59% | — |
Current DrawdownCurrent decline from peak | -1.82% | -6.70% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -8.33% | +5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.98% | -2.20% |
Volatility
WITAX vs. MIY - Volatility Comparison
The current volatility for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) is 0.78%, while BlackRock MuniYield Michigan Quality Fund (MIY) has a volatility of 4.61%. This indicates that WITAX experiences smaller price fluctuations and is considered to be less risky than MIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WITAX | MIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 4.61% | -3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 8.67% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 11.34% | -8.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 11.43% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.12% | 11.83% | -8.71% |