IBMUvsMMSDETF Comparison
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iShares iBonds Dec 2032 Term Muni Bond ETF (IBMU) and NYLI MacKay Muni Short Duration ETF (MMSD) belong to the same industry segment: Municipal Bonds. IBMU's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MMSD's top sector exposures are Municipal, Healthcare and Industrials. IBMU is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.44% for MMSD. Run a side-by-side ETF comparison of IBMU 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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IBMU vs MMSD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMU MMSD | -1.86%-0.66% | -2.03%-0.32% | n/a+0.92% | n/a+1.42% | n/an/a | n/an/a |
| Flows | IBMU MMSD | +$4M+$6M | +$11M+$15M | -+$28M | -+$56M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMU MMSD | +2.74%+1.32% | n/a+1.13% | n/an/a | n/an/a |
| Max drawdown | IBMU MMSD | -2.65%-0.83% | n/a-1.25% | n/an/a | n/an/a |
| Max drawdown duration | IBMU MMSD | 67d16d | n/a114d | n/an/a | n/an/a |
Trading data
IBMU | MMSD | |
Last sale 9/11/2026 at 1:30 PM | $25.02 | |
| Previous close 09/10/2026 | $24.99 | |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MMSD
is actively managed and doesn’t replicate an indexIBMU | MMSD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
IBMU | MMSD | |
|---|---|---|
| Last price | – | $25.02 |
| 1D performance | – | +0.10% |
| AuM | $18.44 M | $83.83 M |
| E/R | 0.1% | 0.44% |
Characteristics
IBMU | MMSD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | New York Life Investments |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted 2032 Index | - |
| N° of holdings | 102 | 41 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | May 5, 2025 |
| ESG | No | No |
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Exposure
Countries
IBMU
USA
25.74%
Other
74.26%
MMSD
USA
24.97%
Other
75.03%
Sectors
IBMU
Municipal
25.45%
Other
74.55%
MMSD
Municipal
22.59%
Other
77.41%
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Diversification
IBMU
Total weight of top 15 holdings out of 15
10.43%
MMSD
Total weight of top 15 holdings out of 15
19.67%
Top 15 holdings
Data as of July 31, 2026
IBMU
US54641CBJ36
0.98%
US30382ANK42
0.82%
US60412AYF47
0.81%
University of Texas, 5% 15aug2034, USD (2023A)
0.81%
US546417JN78
0.73%
US386442ZP50
0.72%
US717893Y470
0.64%
New York Dormitory Authority, 4% 15mar2035, USD (2022A)
0.64%
US677523PB29
0.62%
US93974EWB81
0.61%
US469487VQ20
0.61%
US546585WY25
0.61%
US64613CBV90
0.61%
US746189C318
0.60%
US932889PR36
0.60%
MMSD
US708692BV94
1.85%
US72342NAF24
1.51%
US118217CN67
1.32%
US84136HCT86
1.31%
US19648FJ393
1.29%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
1.29%
Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)
1.28%
US63609YAA64
1.24%
New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)
1.24%
US360059AL37
1.23%
US59447UBB52
1.23%
US04785VCD47
1.23%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
1.23%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.22%
US87972MCC47
1.22%
Frequently asked questions about IBMU and MMSD
Which ETF is bigger: IBMU or MMSD?
As of September 11, 2026, IBMU holds $18.44 M in assets under management (AUM), while MMSD manages $83.83 M.
What sectors do the IBMU and MMSD ETFs invest in?
IBMU leans toward sectors like Municipal. Meanwhile, MMSD focuses on Municipal.
What are the top holdings of the IBMU ETF and MMSD ETF?
IBMU top holdings include US54641CBJ36, US30382ANK42 and US60412AYF47. MMSD holds in its top three: US708692BV94, US72342NAF24 and US118217CN67.
Which ETF is more diversified: IBMU or MMSD?
IBMU holds 417 securities with 10.43% of its assets in the top 15. MMSD has 155 securities and a top 15 weight of 19.67%.
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