ITMvsMMMAETF Comparison
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VanEck Intermediate Muni ETF (ITM) 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. ITM is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.69% for MMMA. ITM is down -1.4% year-to-date (YTD) with +$34M in YTD flows. MMMA performs better with 2.8% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of ITM 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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ITM vs MMMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ITM MMMA | -0.63%+0.55% | -1.94%+0.00% | -1.40%+2.80% | +2.68%n/a | +9.05%n/a | -0.55%n/a |
| Flows | ITM MMMA | -$14M- | -$32M+$1M | +$34M+$3M | +$165M- | +$326M- | +$369M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ITM MMMA | +2.64%+2.58% | +2.53%n/a | +3.60%n/a | +3.62%n/a |
| Max drawdown | ITM MMMA | -2.47%-1.75% | -3.60%n/a | -4.98%n/a | -14.42%n/a |
| Max drawdown duration | ITM MMMA | 57d56d | 184dn/a | 186dn/a | 1486dn/a |
Trading data
ITM | MMMA | |
Last sale 9/2/2026 at 1:30 PM | $45.39 | |
| Previous close 09/01/2026 | $45.41 | |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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MMMA
is actively managed and doesn’t replicate an indexITM | MMMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
ITM | MMMA | |
|---|---|---|
| Last price | $45.39 | – |
| 1D performance | -0.04% | – |
| AuM | $2.09 B | $28.80 M |
| E/R | 0.18% | 0.69% |
Characteristics
ITM | MMMA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | VanEck | New York Life Investments |
| Benchmark | ICE Intermediate AMT-Free Broad National Municipal Index | - |
| N° of holdings | 693 | 26 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 4, 2007 | December 16, 2025 |
| ESG | No | No |
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Exposure
Countries
ITM
USA
53.87%
Other
46.13%
MMMA
USA
53.34%
Other
46.66%
Sectors
ITM
Municipal
53.87%
Other
46.13%
MMMA
Municipal
53.34%
Other
46.66%
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Diversification
ITM
Total weight of top 15 holdings out of 15
5.21%
MMMA
Total weight of top 15 holdings out of 15
52.14%
Top 15 holdings
Data as of July 31, 2026
ITM
US646067KE77
0.55%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.50%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.47%
California, 4% 1mar2036, USD
0.45%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.39%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
0.38%
US64972GE267
0.30%
California, 5.25% 1aug2032, USD
0.30%
California Housing Finance Agency, 3.75% 25mar2035, USD (2021-2, A)
0.29%
Southeast Energy Authority, 5.25% 1nov2055, USD (2025F)
0.28%
US74440DFC39
0.28%
US569203NS77
0.27%
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
0.25%
US63607WBD56
0.25%
US576002DN64
0.25%
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 ITM and MMMA
How have the ITM and MMMA ETFs performed in 2026?
As of September 1, 2026, ITM is down -1.4% year-to-date (YTD), while MMMA has returned 2.8%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: ITM or MMMA?
Year-to-date, the ITM ETF saw +$34M in flows, compared to +$3M for MMMA.
Which ETF is bigger: ITM or MMMA?
As of September 1, 2026, ITM holds $2.09 B in assets under management (AUM), while MMMA manages $28.80 M.
What sectors do the ITM and MMMA ETFs invest in?
ITM leans toward sectors like Municipal. Meanwhile, MMMA focuses on Municipal.
What are the top holdings of the ITM ETF and MMMA ETF?
ITM top holdings include US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F). MMMA holds in its top three: US63877NPK71, US8371516N47 and US64763FL986.
Which ETF is more diversified: ITM or MMMA?
ITM holds 1328 securities with 5.21% of its assets in the top 15. MMMA has 49 securities and a top 15 weight of 52.14%.
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