HTAXvsMMMAETF Comparison
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Nomura National High-Yield Municipal Bond ETF (HTAX) and NYLI MacKay Muni Allocation ETF (MMMA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. HTAX is less expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.69% for MMMA. HTAX is down -0.39% year-to-date (YTD) with +$28M in YTD flows. MMMA performs better with 0.7% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of HTAX and MMMA 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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HTAX vs MMMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HTAX MMMA | -2.89%-2.12% | -2.88%-2.22% | -0.39%+0.70% | +1.07%n/a | n/an/a | n/an/a |
| Flows | HTAX MMMA | +$1M-$1M | +$3M+$25K | +$28M+$1M | +$32M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HTAX MMMA | +4.42%+3.29% | +3.48%n/a | n/an/a | n/an/a |
| Max drawdown | HTAX MMMA | -4.55%-3.30% | -4.55%n/a | n/an/a | n/an/a |
| Max drawdown duration | HTAX MMMA | 67d67d | 67dn/a | n/an/a | n/an/a |
Trading data
HTAX | MMMA | |
Last sale 9/11/2026 at 1:30 PM | $23.68 | |
| Previous close 09/10/2026 | $23.60 | |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
HTAX | MMMA | |
|---|---|---|
| Last price | $23.68 | – |
| 1D performance | +0.32% | – |
| AuM | $58.53 M | $26.98 M |
| E/R | 0.49% | 0.69% |
Characteristics
HTAX | MMMA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 101 | 26 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2025 | December 16, 2025 |
| ESG | No | No |
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Exposure
Countries
HTAX
USA
52.47%
Other
47.53%
MMMA
USA
53.34%
Other
46.66%
Sectors
HTAX
Municipal
52.47%
Other
47.53%
MMMA
Municipal
53.34%
Other
46.66%
Diversification
HTAX
Total weight of top 15 holdings out of 15
16.32%
MMMA
Total weight of top 15 holdings out of 15
52.14%
Top 15 holdings
Data as of July 31, 2026
HTAX
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
1.71%
Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018)
1.66%
Puerto Rico, FRN 1nov2043, USD
1.23%
Louisiana Public Facilities Authority, 5% 1sep2066, USD (2024)
1.21%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
1.18%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
1.13%
US63607YEY23
0.98%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.96%
Wisconsin Public Finance Authority, 6.5% 31dec2065, USD (2025)
0.93%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.92%
San Diego Regional Airport Authority, 5.5% 1jul2055, USD (2025A)
0.89%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2053, USD (2023B)
0.89%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.88%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.88%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.87%
MMMA
US63877NPK71
4.36%
US8371516N47
3.98%
US64763FL986
3.69%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
3.67%
Chicago O'Hare International Airport, 5.5% 1jan2048, USD (2025E)
3.66%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
3.65%
Illinois Toll Highway Authority, 5% 1jan2037, USD
3.64%
Equitable School Revolving Fund, 5.25% 1nov2053, USD (2023A)
3.54%
Chicago Board of Education, 6% 1apr2046, USD (2017)
3.53%
US24917QBP81
3.52%
US63607WBN39
3.28%
US59261ACR68
3.11%
Colorado Health Facilities Authority, 4% 1aug2049, USD (2019A-2)
3.01%
US03843TBE01
2.81%
Denver Airport System, 5.5% 15nov2053, USD (2022A)
2.72%
Frequently asked questions about HTAX and MMMA
How have the HTAX and MMMA ETFs performed in 2026?
As of September 11, 2026, HTAX is down -0.39% year-to-date (YTD), while MMMA has returned 0.7%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: HTAX or MMMA?
Year-to-date, the HTAX ETF saw +$28M in flows, compared to +$1M for MMMA.
Which ETF is bigger: HTAX or MMMA?
As of September 11, 2026, HTAX holds $58.53 M in assets under management (AUM), while MMMA manages $26.98 M.
What sectors do the HTAX and MMMA ETFs invest in?
HTAX leans toward sectors like Municipal. Meanwhile, MMMA focuses on Municipal.
What are the top holdings of the HTAX ETF and MMMA ETF?
HTAX top holdings include Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018) and Puerto Rico, FRN 1nov2043, USD. MMMA holds in its top three: US63877NPK71, US8371516N47 and US64763FL986.
Which ETF is more diversified: HTAX or MMMA?
HTAX holds 217 securities with 16.32% of its assets in the top 15. MMMA has 49 securities and a top 15 weight of 52.14%.
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Latest news about HTAX & MMMA
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