BKMSvsMMSDETF Comparison
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BNY Mellon Municipal Short Duration ETF (BKMS) and NYLI MacKay Muni Short Duration ETF (MMSD) belong to the same industry segment: Municipal Bonds. BKMS's top 1 sector exposures are Municipal. In contrast, MMSD's top sector exposures are Municipal, Healthcare and Industrials. BKMS is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.44% for MMSD. Run a side-by-side ETF comparison of BKMS and MMSD 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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BKMS vs MMSD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BKMS MMSD | -0.07%-0.11% | -0.50%-0.73% | n/a+0.72% | n/a+1.32% | n/an/a | n/an/a |
| Flows | BKMS MMSD | +$24M-$4K | +$27M+$9M | -+$28M | -+$30M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BKMS MMSD | +1.78%+2.35% | n/a+1.49% | n/an/a | n/an/a |
| Max drawdown | BKMS MMSD | -1.90%-2.45% | n/a-2.45% | n/an/a | n/an/a |
| Max drawdown duration | BKMS MMSD | 51d52d | n/a52d | n/an/a | n/an/a |
Trading data
BKMS | MMSD | |
Last sale 10/16/2026 at 1:30 PM | $25.17 | $24.93 |
| Previous close 10/16/2026 | $25.16 | $24.89 |
| Consolidated volume 10/16/2026 | ||
| 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
BKMS | MMSD | |
|---|---|---|
| Last price | $25.17 | $24.93 |
| 1D performance | +0.06% | +0.16% |
| AuM | $455.14 M | $83.42 M |
| E/R | 0.35% | 0.44% |
Characteristics
BKMS | MMSD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | BNY Mellon | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 43 | 39 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | May 5, 2025 |
| ESG | No | No |
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Exposure
Countries
BKMS
USA
24.68%
Other
75.32%
MMSD
USA
22.7%
Other
77.3%
Sectors
BKMS
Municipal
24.68%
Other
75.32%
MMSD
Municipal
20.42%
Other
79.58%
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Diversification
BKMS
Total weight of top 15 holdings out of 15
20.5%
MMSD
Total weight of top 15 holdings out of 15
19.73%
Top 15 holdings
Data as of August 31, 2026
BKMS
US762196EY54
2.31%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B)
1.85%
Southeast Energy Authority, 5% 1may2053, USD (2022)
1.76%
New York Dormitory Authority, 5% 1jul2048, USD
1.46%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-1)
1.34%
US71783TAC45
1.27%
City of New York, 5% 1aug2030, USD (2026)
1.25%
Private Colleges and Universities Authority, 5% 1sep2029, USD (2025A)
1.24%
Virginia Transportation Board, 5% 15may2031, USD (2017A)
1.19%
US899576HE55
1.18%
US593344CB87
1.17%
New York Housing Finance Agency, 3.6% 1nov2064, USD (2025)
1.17%
Rural Water Financing Agency, 2.75% 1may2028, USD (2025A)
1.15%
US803770XC53
1.11%
US45470YGD76
1.04%
MMSD
US04780M6J36
1.81%
US708692BV94
1.77%
US72342NAF24
1.45%
US1675937H96
1.33%
US118217CN67
1.26%
US84136HCT86
1.25%
US19648FJ393
1.25%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
1.24%
Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)
1.23%
US452152S852
1.21%
US63609YAA64
1.19%
US360059AL37
1.18%
US04785VCD47
1.18%
New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)
1.18%
US59447UBB52
1.18%
Frequently asked questions about BKMS and MMSD
Which ETF is bigger: BKMS or MMSD?
As of October 16, 2026, BKMS holds $455.14 M in assets under management (AUM), while MMSD manages $83.42 M.
What sectors do the BKMS and MMSD ETFs invest in?
BKMS leans toward sectors like Municipal. Meanwhile, MMSD focuses on Municipal.
What are the top holdings of the BKMS ETF and MMSD ETF?
BKMS top holdings include US762196EY54, Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B) and Southeast Energy Authority, 5% 1may2053, USD (2022). MMSD holds in its top three: US04780M6J36, US708692BV94 and US72342NAF24.
Which ETF is more diversified: BKMS or MMSD?
BKMS holds 253 securities with 20.5% of its assets in the top 15. MMSD has 162 securities and a top 15 weight of 19.73%.
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