MMCAvsBSSXETF Comparison
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NYLI MacKay California Muni Intermediate ETF (MMCA) and Invesco BulletShares 2033 Municipal Bond ETF (BSSX) 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 0.18% for BSSX. MMCA is down -2.54% year-to-date (YTD) with +$33M in YTD flows. BSSX performs better with -2.47% YTD performance, and +$43M in YTD flows. Run a side-by-side ETF comparison of MMCA and BSSX 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 BSSX 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 BSSX | -0.54%-0.05% | -3.25%-3.39% | -2.54%-2.47% | -1.81%-1.85% | +11.12%+11.30% | n/an/a |
| Flows | MMCA BSSX | +$9M+$12M | +$11M+$22M | +$33M+$43M | +$43M+$61M | +$67M+$148M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMCA BSSX | +4.73%+5.34% | +2.98%+3.41% | +3.12%+4.50% | n/an/a |
| Max drawdown | MMCA BSSX | -5.42%-6.07% | -6.73%-7.19% | -6.73%-7.19% | n/an/a |
| Max drawdown duration | MMCA BSSX | 64d92d | 229d229d | 229d229d | n/an/a |
Trading data
MMCA | BSSX | |
Last sale 10/16/2026 at 1:30 PM | $20.81 | $24.58 |
| Previous close 10/15/2026 | $20.78 | $24.48 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 17, 2026
1-year trailing difference
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MMCA
is actively managed and doesn’t replicate an indexMMCA | BSSX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MMCA | BSSX | |
|---|---|---|
| Last price | $20.81 | $24.58 |
| 1D performance | +0.14% | +0.39% |
| AuM | $97.66 M | $149.47 M |
| E/R | 0.7% | 0.18% |
Characteristics
MMCA | BSSX | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | New York Life Investments | Invesco |
| Benchmark | - | ICE BulletShares USD Municipal Bond 2033 Index |
| N° of holdings | 33 | 473 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 22, 2021 | September 20, 2023 |
| ESG | No | No |
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Exposure
Countries
MMCA
USA
31.29%
Other
68.71%
BSSX
USA
35.24%
Other
64.76%
Sectors
MMCA
Municipal
31.29%
Other
68.71%
BSSX
Municipal
35.24%
Other
64.76%
Diversification
MMCA
Total weight of top 15 holdings out of 15
26.09%
BSSX
Total weight of top 15 holdings out of 15
5.6%
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%
BSSX
California, 5.25% 1sep2053, USD
0.51%
County of Jefferson (AL), 5.25% 1oct2045, USD (2024)
0.45%
New York Dormitory Authority, 2% 1jul2033, USD
0.42%
Harris Cultural Education Facilities Finance Corp., 5% 1dec2033, USD (2026A)
0.40%
US64613CEG96
0.39%
US709225HB54
0.38%
Connecticut Health and Educational Facilities Authority, 5% 1jul2033, USD
0.38%
US64972JCD81
0.37%
US64613CEH79
0.35%
US472682ZN67
0.34%
US646140ES88
0.34%
US13063CC328
0.32%
US452153HU62
0.32%
California, 5% 1oct2042, USD
0.32%
US64972GE671
0.32%
Frequently asked questions about MMCA and BSSX
How have the MMCA and BSSX ETFs performed in 2026?
As of October 16, 2026, MMCA is down -2.54% year-to-date (YTD), while BSSX has lost -2.47%. That puts BSSX better performer ahead so far this year.
Which ETF is attracting more investor money: MMCA or BSSX?
Year-to-date, the MMCA ETF saw +$33M in flows, compared to +$43M for BSSX.
Which ETF is more volatile: MMCA or BSSX?
Over the past year, MMCA had a volatility of 2.98%, while BSSX experienced 3.41%.
Which ETF is bigger: MMCA or BSSX?
As of October 16, 2026, MMCA holds $97.66 M in assets under management (AUM), while BSSX manages $149.47 M.
What sectors do the MMCA and BSSX ETFs invest in?
MMCA leans toward sectors like Municipal. Meanwhile, BSSX focuses on Municipal.
What are the top holdings of the MMCA ETF and BSSX 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. BSSX holds in its top three: California, 5.25% 1sep2053, USD, County of Jefferson (AL), 5.25% 1oct2045, USD (2024) and New York Dormitory Authority, 2% 1jul2033, USD.
Which ETF is more diversified: MMCA or BSSX?
MMCA holds 120 securities with 26.09% of its assets in the top 15. BSSX has 1689 securities and a top 15 weight of 5.6%.
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