MMCAvsFLMBETF Comparison
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NYLI MacKay California Muni Intermediate ETF (MMCA) belongs to the Municipal Bonds segment. Franklin Municipal Green Bond ETF (FLMB) is part of the Green Bonds segment. Both ETFs have the same top 1 sector exposures: Municipal. MMCA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.3% for FLMB. MMCA is down -2.54% year-to-date (YTD) with +$33M in YTD flows. FLMB performs worse with -5.85% YTD performance, and -$35M in YTD flows. Run a side-by-side ETF comparison of MMCA and FLMB 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 FLMB 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 FLMB | -0.54%-1.53% | -3.25%-6.23% | -2.54%-5.85% | -1.81%-6.06% | +11.12%+7.44% | n/a-8.84% |
| Flows | MMCA FLMB | +$9M-$16M | +$11M-$18M | +$33M-$35M | +$43M-$34M | +$67M-$54M | --$51M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMCA FLMB | +4.73%+6.82% | +2.98%+4.30% | +3.12%+4.87% | n/a+4.86% |
| Max drawdown | MMCA FLMB | -5.42%-8.59% | -6.73%-10.38% | -6.73%-10.38% | n/a-19.00% |
| Max drawdown duration | MMCA FLMB | 64d92d | 229d229d | 229d229d | n/a1747d |
Trading data
MMCA | FLMB | |
Last sale 10/16/2026 at 1:30 PM | $20.81 | $22.26 |
| Previous close 10/15/2026 | $20.78 | $22.27 |
| 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 | FLMB | |
|---|---|---|
| Last price | $20.81 | $22.26 |
| 1D performance | +0.14% | -0.02% |
| AuM | $97.66 M | $53.45 M |
| E/R | 0.7% | 0.3% |
Characteristics
MMCA | FLMB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 33 | 25 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 22, 2021 | August 31, 2017 |
| ESG | No | Yes |
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Exposure
Countries
MMCA
USA
31.29%
Other
68.71%
FLMB
USA
34.8%
Other
65.2%
Sectors
MMCA
Municipal
31.29%
Other
68.71%
FLMB
Municipal
34.8%
Other
65.2%
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Diversification
MMCA
Total weight of top 15 holdings out of 15
26.09%
FLMB
Total weight of top 15 holdings out of 15
53.21%
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%
FLMB
US13013JDB98
5.24%
US13049YFL02
4.85%
US13013JCM62
4.76%
US45203NAV10
4.40%
US45884AB937
4.38%
Central Valley Water Reclamation Facility, 4% 1mar2047, USD (2021C)
4.14%
Atlanta Airport, 5.25% 1jul2043, USD (2023E)
3.49%
US7352403K70
3.30%
San Diego Regional Airport Authority, 5% 1jul2051, USD (2021B)
3.27%
US924166JC65
2.86%
US57422JBY38
2.83%
US155048EG20
2.71%
American Municipal Power Inc., 5% 15feb2044, USD (2019A)
2.37%
New York Liberty Development Corp., 2.5% 15nov2036, USD (2021A)
2.37%
US650360AD27
2.25%
Frequently asked questions about MMCA and FLMB
How have the MMCA and FLMB ETFs performed in 2026?
As of October 16, 2026, MMCA is down -2.54% year-to-date (YTD), while FLMB has lost -5.85%. That puts MMCA better performer ahead so far this year.
Which ETF is attracting more investor money: MMCA or FLMB?
Year-to-date, the MMCA ETF saw +$33M in flows, compared to -$35M for FLMB.
Which ETF is more volatile: MMCA or FLMB?
Over the past year, MMCA had a volatility of 2.98%, while FLMB experienced 4.3%.
Which ETF is bigger: MMCA or FLMB?
As of October 16, 2026, MMCA holds $97.66 M in assets under management (AUM), while FLMB manages $53.45 M.
What sectors do the MMCA and FLMB ETFs invest in?
MMCA leans toward sectors like Municipal. Meanwhile, FLMB focuses on Municipal.
What are the top holdings of the MMCA ETF and FLMB 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. FLMB holds in its top three: US13013JDB98, US13049YFL02 and US13013JCM62.
Which ETF is more diversified: MMCA or FLMB?
MMCA holds 120 securities with 26.09% of its assets in the top 15. FLMB has 75 securities and a top 15 weight of 53.21%.
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