MMCAvsBKMIETF Comparison
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NYLI MacKay California Muni Intermediate ETF (MMCA) and BNY Mellon Municipal Intermediate ETF (BKMI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MMCA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.35% for BKMI. Run a side-by-side ETF comparison of MMCA and BKMI 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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MMCA vs BKMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMCA BKMI | -0.54%-0.03% | -3.25%-2.74% | -2.54%n/a | -1.81%n/a | +11.12%n/a | n/an/a |
| Flows | MMCA BKMI | +$9M-$129M | +$11M-$109M | +$33M- | +$43M- | +$67M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMCA BKMI | +4.73%+4.71% | +2.98%n/a | +3.12%n/a | n/an/a |
| Max drawdown | MMCA BKMI | -5.42%-5.28% | -6.73%n/a | -6.73%n/a | n/an/a |
| Max drawdown duration | MMCA BKMI | 64d92d | 229dn/a | 229dn/a | n/an/a |
Trading data
MMCA | BKMI | |
Last sale 10/16/2026 at 1:30 PM | $20.81 | $25.26 |
| Previous close 10/15/2026 | $20.78 | $25.22 |
| Consolidated volume 10/15/2026 | ||
| 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
MMCA | BKMI | |
|---|---|---|
| Last price | $20.81 | $25.26 |
| 1D performance | +0.14% | +0.17% |
| AuM | $97.66 M | $1.53 B |
| E/R | 0.7% | 0.35% |
Characteristics
MMCA | BKMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | BNY Mellon |
| Benchmark | - | - |
| N° of holdings | 33 | 134 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 22, 2021 | January 9, 2026 |
| ESG | No | No |
Exposure
Countries
MMCA
USA
31.29%
Other
68.71%
BKMI
USA
34.18%
Other
65.82%
Sectors
MMCA
Municipal
31.29%
Other
68.71%
BKMI
Municipal
34.18%
Other
65.82%
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Diversification
MMCA
Total weight of top 15 holdings out of 15
26.09%
BKMI
Total weight of top 15 holdings out of 15
10.78%
Top 15 holdings
Data as of August 31, 2026
MMCA
California Community Choice Financing Authority, 5% 1oct2034, USD (2026G)
2.63%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
2.22%
US13013JCM62
2.20%
California Public Works Board, 5% 1sep2035, USD (2026)
2.06%
US120827ES50
2.00%
US13077DYV80
1.80%
US544446BN68
1.72%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.57%
California Infrastructure and Economic Development Bank, 3.25% 1jun2033, USD (2026)
1.55%
Puerto Rico, 4% 1jul2037, USD
1.52%
Foothill/Eastern Transportation Corridor Agency, 0% 15jan2035, USD (2015A, 7270D)
1.49%
California, 5% 1sep2039, USD
1.41%
US13032UWT14
1.33%
US845389PU30
1.30%
US13050WAL54
1.28%
BKMI
US452227VK43
0.95%
New York Liberty Development Corp., 5% 15nov2044, USD
0.93%
US736742ZR10
0.82%
State of Washington, 5% 1jul2038, USD (2023B)
0.75%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.74%
US56682HDR75
0.71%
US59333APJ42
0.67%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.66%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
US74445HAL42
0.66%
US59261A4U82
0.65%
US87638TJU88
0.65%
US56035DHT28
0.65%
US88283KCB26
0.65%
City of New York, 7.5% 1feb2021, USD (1992-G)
0.65%
Frequently asked questions about MMCA and BKMI
Which ETF is bigger: MMCA or BKMI?
As of October 16, 2026, MMCA holds $97.66 M in assets under management (AUM), while BKMI manages $1.53 B.
What sectors do the MMCA and BKMI ETFs invest in?
MMCA leans toward sectors like Municipal. Meanwhile, BKMI focuses on Municipal.
What are the top holdings of the MMCA ETF and BKMI ETF?
MMCA top holdings include California Community Choice Financing Authority, 5% 1oct2034, USD (2026G), California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C) and US13013JCM62. BKMI holds in its top three: US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10.
Which ETF is more diversified: MMCA or BKMI?
MMCA holds 120 securities with 26.09% of its assets in the top 15. BKMI has 529 securities and a top 15 weight of 10.78%.
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