MMCAvsSMBSETF Comparison
VS
NYLI MacKay California Muni Intermediate ETF (MMCA) belongs to the Municipal Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. MMCA's top 1 sector exposures are Municipal. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. MMCA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.03% for SMBS. MMCA is down -2.54% year-to-date (YTD) with +$33M in YTD flows. SMBS performs better with -1.53% YTD performance, and +$770M in YTD flows. Run a side-by-side ETF comparison of MMCA and SMBS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MMCA vs SMBS 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 SMBS | -0.54%-0.22% | -3.25%-2.21% | -2.54%-1.53% | -1.81%-1.08% | +11.12%n/a | n/an/a |
| Flows | MMCA SMBS | +$9M-$72M | +$11M+$35M | +$33M+$770M | +$43M+$1.08B | +$67M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMCA SMBS | +4.73%+5.52% | +2.98%+4.35% | +3.12%n/a | n/an/a |
| Max drawdown | MMCA SMBS | -5.42%-4.24% | -6.73%-5.12% | -6.73%n/a | n/an/a |
| Max drawdown duration | MMCA SMBS | 64d52d | 229d229d | 229dn/a | n/an/a |
Trading data
MMCA | SMBS | |
Last sale 10/16/2026 at 1:30 PM | $20.81 | $24.29 |
| Previous close 10/15/2026 | $20.78 | $24.32 |
| 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 September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MMCA
is actively managed and doesn’t replicate an indexMMCA | SMBS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MMCA | SMBS | |
|---|---|---|
| Last price | $20.81 | $24.29 |
| 1D performance | +0.14% | -0.12% |
| AuM | $97.66 M | $6.29 B |
| E/R | 0.7% | 0.03% |
Characteristics
MMCA | SMBS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | New York Life Investments | Schwab ETFs |
| Benchmark | - | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 33 | 430 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 22, 2021 | November 19, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
MMCA
USA
31.29%
Other
68.71%
SMBS
USA
33.79%
Other
66.21%
Sectors
MMCA
Municipal
31.29%
Other
68.71%
SMBS
Industrials
33.23%
Other
66.77%
Advertisement
Diversification
MMCA
Total weight of top 15 holdings out of 15
26.09%
SMBS
Total weight of top 15 holdings out of 15
5.8%
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%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
US31427R6E50
0.59%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.48%
FR SD8193, 2% 1feb2052, USD (ABS)
0.40%
US31418DYX47
0.40%
FR SD8106, 2% 1nov2050, USD (ABS)
0.36%
US3618N6HU47
0.35%
FR RQ0110, 5% 1apr2056, USD (ABS)
0.34%
FR RQ0102, 5% 1mar2056, USD (ABS)
0.34%
US3132DWDC47
0.33%
FR SD7552, 2.5% 1jan2052, USD (ABS)
0.31%
US31418EQ948
0.31%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
US3618N6NA19
0.30%
Frequently asked questions about MMCA and SMBS
How have the MMCA and SMBS ETFs performed in 2026?
As of October 16, 2026, MMCA is down -2.54% year-to-date (YTD), while SMBS has lost -1.53%. That puts SMBS better performer ahead so far this year.
Which ETF is attracting more investor money: MMCA or SMBS?
Year-to-date, the MMCA ETF saw +$33M in flows, compared to +$770M for SMBS.
Which ETF is more volatile: MMCA or SMBS?
Over the past year, MMCA had a volatility of 2.98%, while SMBS experienced 4.35%.
Which ETF is bigger: MMCA or SMBS?
As of October 16, 2026, MMCA holds $97.66 M in assets under management (AUM), while SMBS manages $6.29 B.
What sectors do the MMCA and SMBS ETFs invest in?
MMCA leans toward sectors like Municipal. Meanwhile, SMBS focuses on Industrials.
What are the top holdings of the MMCA ETF and SMBS 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. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).
Which ETF is more diversified: MMCA or SMBS?
MMCA holds 120 securities with 26.09% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.
Advertisement
Advertisement
