GMOCvsMMITETF Comparison
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GMO Ultra-Short Income ETF (GMOC) belongs to the US Aggregate Bonds segment. NYLI MacKay Muni Intermediate ETF (MMIT) is part of the Municipal Bonds segment. GMOC's top 3 sector exposures are Sovereign, Government Agencies and Industrials. In contrast, MMIT's top sector exposures are Municipal. GMOC is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.48% for MMIT. GMOC is up 2.72% year-to-date (YTD) with +$25M in YTD flows. MMIT performs worse with 0.52% YTD performance, and +$176M in YTD flows. Run a side-by-side ETF comparison of GMOC and MMIT 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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GMOC vs MMIT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GMOC MMIT | +0.32%-0.01% | +1.02%-0.46% | +2.72%+0.52% | n/a+3.84% | n/a+11.38% | n/a+4.53% |
| Flows | GMOC MMIT | -+$2M | -$2M-$125M | +$25M+$176M | -+$391M | -+$994M | -+$1.29B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMOC MMIT | +0.23%+2.17% | n/a+2.05% | n/a+2.89% | n/a+2.94% |
| Max drawdown | GMOC MMIT | -0.01%-1.73% | n/a-2.49% | n/a-3.83% | n/a-11.88% |
| Max drawdown duration | GMOC MMIT | 4d52d | n/a179d | n/a178d | n/a1122d |
Trading data
GMOC | MMIT | |
Last sale 9/2/2026 at 2:45 PM | $50.06 | $23.70 |
| Previous close 09/01/2026 | $50.06 | $23.73 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 2:45 PM
Live
Closed
GMOC | MMIT | |
|---|---|---|
| Last price | $50.06 | $23.70 |
| 1D performance | +0.00% | -0.13% |
| AuM | $32.53 M | $1.46 B |
| E/R | 0.2% | 0.48% |
Characteristics
GMOC | MMIT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | GMO | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 22 | 193 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 27, 2025 | October 18, 2017 |
| ESG | No | No |
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Exposure
Countries
GMOC
USA
31.43%
Other
68.58%
MMIT
USA
31.45%
Other
68.55%
Sectors
GMOC
Sovereign
25.19%
Other
74.81%
MMIT
Municipal
31.45%
Other
68.55%
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Diversification
GMOC
Total weight of top 15 holdings out of 15
60.77%
MMIT
Total weight of top 15 holdings out of 15
10.56%
Top 15 holdings
Data as of July 31, 2026
GMOC
US94949GAW15
7.65%
US48249VBE02
5.10%
US95023AAL44
4.96%
US69702EAJ47
4.65%
US87167NDL64
4.43%
US05684GAQ91
4.21%
USA, Notes 3.5% 31jan2028, USD (U-2028)
4.04%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
4.02%
US39809TAW71
3.95%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
3.46%
US92332NBC83
3.37%
USA, Notes 3.5% 30sep2027, USD (BH-2027)
3.13%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
2.86%
US92328XBD03
2.47%
US07132JBL70
2.46%
MMIT
City of New York, 5.125% 15nov2011, USD
1.03%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
1.00%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.91%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.63%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.59%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.57%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.52%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.47%
Frequently asked questions about GMOC and MMIT
How have the GMOC and MMIT ETFs performed in 2026?
As of September 1, 2026, GMOC is up 2.72% year-to-date (YTD), while MMIT has returned 0.52%. That puts GMOC better performer ahead so far this year.
Which ETF is attracting more investor money: GMOC or MMIT?
Year-to-date, the GMOC ETF saw +$25M in flows, compared to +$176M for MMIT.
Which ETF is bigger: GMOC or MMIT?
As of September 1, 2026, GMOC holds $32.53 M in assets under management (AUM), while MMIT manages $1.46 B.
What sectors do the GMOC and MMIT ETFs invest in?
GMOC leans toward sectors like Sovereign. Meanwhile, MMIT focuses on Municipal.
What are the top holdings of the GMOC ETF and MMIT ETF?
GMOC top holdings include US94949GAW15, US48249VBE02 and US95023AAL44. MMIT holds in its top three: City of New York, 5.125% 15nov2011, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026).
Which ETF is more diversified: GMOC or MMIT?
GMOC holds 60 securities with 60.77% of its assets in the top 15. MMIT has 854 securities and a top 15 weight of 10.56%.
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