CION Investment (CION) vs BNY Mellon Strategic Municipals (LEO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
BNY Mellon Strategic Municipals (LEO) has outperformed CION Investment (CION) over the past year, losing 13.0% versus a loss of 26.1%. Over five years, LEO leads with a -37.1% price change compared with -42.7% for CION. CION Investment is the larger company by market cap ($339.0 million vs $338.9 million), about 1.0 times the size.
On valuation, BNY Mellon Strategic Municipals trades at a lower trailing P/E (27.2x vs 98.4x for CION Investment). CION Investment offers the higher dividend yield (19.16% vs 5.04%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CION | LEO |
|---|---|---|
| Share price | $6.89 | $5.44 |
| Market cap | $339.01M | $338.86M |
| 1-day change | -0.86% | -1.81% |
| YTD return | -28.75% | -14.47% |
| 1-year return | -26.07% | -12.96% |
| 5-year return | -42.68% | -37.11% |
| P/E ratio (TTM) | 98.43 | 27.20 |
| Forward P/E | 6.02 | — |
| EPS (TTM) | $0.07 | $0.20 |
| Dividend yield | 19.16% | 5.04% |
| Annual dividend | $1.32 | $0.274 |
| 52-week high | $10.40 | $6.55 |
| 52-week low | $5.83 | $5.41 |
| Distance from 52-week high | -33.75% | -16.95% |
| Analyst consensus | none | — |
| Avg. price target upside | +27.00% | — |
| Average volume | 454.17K | 224.34K |
| Shares outstanding | 49.20M | 62.29M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- LEO has outperformed CION by 13.1 percentage points over the past year.
- CION Investment trades at a higher earnings multiple (98.4x vs 27.2x trailing P/E).
- CION Investment offers a meaningfully higher dividend yield (19.16% vs 5.04%).
About CION Investment
CION stock →CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.
Finance · Finance/Investors Services
About BNY Mellon Strategic Municipals
LEO stock →BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc.
Finance · Trusts Except Educational Religious and Charitable
CION vs LEO FAQ
Which is bigger, CION Investment or BNY Mellon Strategic Municipals?
CION Investment (CION) is larger, with a market capitalization of $339.01M compared with $338.86M for BNY Mellon Strategic Municipals (LEO).
Which stock has performed better over the past year, CION or LEO?
LEO returned -12.96% over the past 12 months, compared with -26.07% for CION (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CION or LEO?
LEO has the lower trailing P/E at 27.2, versus 98.4 for CION. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, CION Investment or BNY Mellon Strategic Municipals?
CION Investment has the higher yield at 19.16%, compared with 5.04% for BNY Mellon Strategic Municipals.
Are CION Investment and BNY Mellon Strategic Municipals in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for CION Investment and Trusts Except Educational Religious and Charitable for BNY Mellon Strategic Municipals.