BKMIvsMMCAETF Comparison
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BNY Mellon Municipal Intermediate ETF (BKMI) and NYLI MacKay California Muni Intermediate ETF (MMCA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BKMI is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.7% for MMCA. Run a side-by-side ETF comparison of BKMI and MMCA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BKMI vs MMCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BKMI MMCA | -0.03%-0.54% | -2.74%-3.25% | n/a-2.54% | n/a-1.81% | n/a+11.12% | n/an/a |
| Flows | BKMI MMCA | -$129M+$9M | -$109M+$11M | -+$33M | -+$43M | -+$67M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BKMI MMCA | +4.71%+4.73% | n/a+2.98% | n/a+3.12% | n/an/a |
| Max drawdown | BKMI MMCA | -5.28%-5.42% | n/a-6.73% | n/a-6.73% | n/an/a |
| Max drawdown duration | BKMI MMCA | 92d64d | n/a229d | n/a229d | n/an/a |
Trading data
BKMI | MMCA | |
Last sale 10/16/2026 at 1:30 PM | $25.26 | $20.81 |
| Previous close 10/15/2026 | $25.22 | $20.78 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BKMI | MMCA | |
|---|---|---|
| Last price | $25.26 | $20.81 |
| 1D performance | +0.17% | +0.14% |
| AuM | $1.53 B | $97.66 M |
| E/R | 0.35% | 0.7% |
Characteristics
BKMI | MMCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | BNY Mellon | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 134 | 33 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | December 22, 2021 |
| ESG | No | No |
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Exposure
Countries
BKMI
USA
34.18%
Other
65.82%
MMCA
USA
31.29%
Other
68.71%
Sectors
BKMI
Municipal
34.18%
Other
65.82%
MMCA
Municipal
31.29%
Other
68.71%
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Diversification
BKMI
Total weight of top 15 holdings out of 15
10.78%
MMCA
Total weight of top 15 holdings out of 15
26.09%
Top 15 holdings
Data as of August 31, 2026
BKMI
US452227VK43
0.95%
New York Liberty Development Corp., 5% 15nov2044, USD
0.93%
US736742ZR10
0.82%
State of Washington, 5% 1jul2038, USD (2023B)
0.75%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.74%
US56682HDR75
0.71%
US59333APJ42
0.67%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.66%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
US74445HAL42
0.66%
US59261A4U82
0.65%
US87638TJU88
0.65%
US56035DHT28
0.65%
US88283KCB26
0.65%
City of New York, 7.5% 1feb2021, USD (1992-G)
0.65%
MMCA
California Community Choice Financing Authority, 5% 1oct2034, USD (2026G)
2.63%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
2.22%
US13013JCM62
2.20%
California Public Works Board, 5% 1sep2035, USD (2026)
2.06%
US120827ES50
2.00%
US13077DYV80
1.80%
US544446BN68
1.72%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.57%
California Infrastructure and Economic Development Bank, 3.25% 1jun2033, USD (2026)
1.55%
Puerto Rico, 4% 1jul2037, USD
1.52%
Foothill/Eastern Transportation Corridor Agency, 0% 15jan2035, USD (2015A, 7270D)
1.49%
California, 5% 1sep2039, USD
1.41%
US13032UWT14
1.33%
US845389PU30
1.30%
US13050WAL54
1.28%
Frequently asked questions about BKMI and MMCA
Which ETF is bigger: BKMI or MMCA?
As of October 16, 2026, BKMI holds $1.53 B in assets under management (AUM), while MMCA manages $97.66 M.
What sectors do the BKMI and MMCA ETFs invest in?
BKMI leans toward sectors like Municipal. Meanwhile, MMCA focuses on Municipal.
What are the top holdings of the BKMI ETF and MMCA ETF?
BKMI top holdings include US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10. MMCA holds in its top three: California Community Choice Financing Authority, 5% 1oct2034, USD (2026G), California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C) and US13013JCM62.
Which ETF is more diversified: BKMI or MMCA?
BKMI holds 529 securities with 10.78% of its assets in the top 15. MMCA has 120 securities and a top 15 weight of 26.09%.
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