JIIIvsMMITETF Comparison
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Janus Henderson Income ETF (JIII) belongs to the Intl Aggregate Bonds segment. NYLI MacKay Muni Intermediate ETF (MMIT) is part of the Municipal Bonds segment. JIII's top 3 sector exposures are Industrials, Finance and Energy. In contrast, MMIT's top sector exposures are Municipal. JIII is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.48% for MMIT. JIII is up 0.12% year-to-date (YTD) with +$163M in YTD flows. MMIT performs worse with -1.6% YTD performance, and +$337M in YTD flows. Run a side-by-side ETF comparison of JIII 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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JIII vs MMIT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JIII MMIT | -0.65%-0.14% | -1.68%-2.89% | +0.12%-1.60% | +1.20%-0.87% | n/a+10.77% | n/a+3.05% |
| Flows | JIII MMIT | +$108M+$127M | +$123M+$161M | +$163M+$337M | +$168M+$462M | -+$1.13B | -+$1.43B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JIII MMIT | +3.12%+4.55% | +2.96%+2.83% | n/a+3.06% | n/a+3.08% |
| Max drawdown | JIII MMIT | -2.59%-5.22% | -2.59%-5.97% | n/a-5.97% | n/a-11.87% |
| Max drawdown duration | JIII MMIT | 52d92d | 52d229d | n/a229d | n/a997d |
Trading data
JIII | MMIT | |
Last sale 10/16/2026 at 1:30 PM | $48.24 | $23.29 |
| Previous close 10/16/2026 | $48.34 | $23.26 |
| 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
JIII | MMIT | |
|---|---|---|
| Last price | $48.24 | $23.29 |
| 1D performance | -0.22% | +0.13% |
| AuM | $303.19 M | $1.58 B |
| E/R | 0.56% | 0.48% |
Characteristics
JIII | MMIT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Janus Henderson Investors | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 218 | 190 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 12, 2024 | October 18, 2017 |
| ESG | No | No |
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Exposure
Countries
JIII
USA
28.28%
Other
71.72%
MMIT
USA
30.87%
Other
69.13%
Sectors
JIII
Industrials
7.75%
Other
92.25%
MMIT
Municipal
30.87%
Other
69.13%
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Diversification
JIII
Total weight of top 15 holdings out of 15
28.24%
MMIT
Total weight of top 15 holdings out of 15
10.47%
Top 15 holdings
Data as of August 31, 2026
JIII
US01F0526982
5.33%
US01F0506927
3.73%
US01F0426993
3.17%
US01F0606917
2.59%
US47103U7384
2.55%
US01F0326904
2.34%
US01F0306948
2.03%
US01F0406938
1.10%
US47103U7467
1.01%
US21H0326965
0.92%
US35564KPP83
0.84%
US207941AF22
0.74%
US362414AG97
0.67%
US171935AA72
0.62%
US35564KNE54
0.59%
MMIT
City of New York, 5.125% 15nov2011, USD
1.02%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.99%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.89%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.62%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.58%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.56%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.51%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.46%
Frequently asked questions about JIII and MMIT
How have the JIII and MMIT ETFs performed in 2026?
As of October 16, 2026, JIII is up 0.12% year-to-date (YTD), while MMIT has lost -1.6%. That puts JIII better performer ahead so far this year.
Which ETF is attracting more investor money: JIII or MMIT?
Year-to-date, the JIII ETF saw +$163M in flows, compared to +$337M for MMIT.
Which ETF is more volatile: JIII or MMIT?
Over the past year, JIII had a volatility of 2.96%, while MMIT experienced 2.83%.
Which ETF is bigger: JIII or MMIT?
As of October 16, 2026, JIII holds $303.19 M in assets under management (AUM), while MMIT manages $1.58 B.
What sectors do the JIII and MMIT ETFs invest in?
JIII leans toward sectors like Industrials. Meanwhile, MMIT focuses on Municipal.
What are the top holdings of the JIII ETF and MMIT ETF?
JIII top holdings include US01F0526982, US01F0506927 and US01F0426993. 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 Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A).
Which ETF is more diversified: JIII or MMIT?
JIII holds 1233 securities with 28.24% of its assets in the top 15. MMIT has 865 securities and a top 15 weight of 10.47%.
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