MMCAvsTAXEETF Comparison
VS
NYLI MacKay California Muni Intermediate ETF (MMCA) and T. Rowe Price Intermediate Municipal Income ETF (TAXE) 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 0.24% for TAXE. MMCA is up 0.23% year-to-date (YTD) with +$23M in YTD flows. TAXE performs better with 0.65% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of MMCA and TAXE 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 TAXE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMCA TAXE | +0.39%+0.06% | -0.30%-0.89% | +0.23%+0.65% | +3.47%+4.35% | +12.37%n/a | n/an/a |
| Flows | MMCA TAXE | +$1M+$14M | +$4M+$43M | +$23M+$97M | +$59M+$118M | +$58M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMCA TAXE | +2.40%+2.13% | +2.21%+2.05% | +2.93%n/a | n/an/a |
| Max drawdown | MMCA TAXE | -2.04%-1.72% | -2.77%-2.39% | -3.70%n/a | n/an/a |
| Max drawdown duration | MMCA TAXE | 52d56d | 179d122d | 151dn/a | n/an/a |
Trading data
MMCA | TAXE | |
Last sale 9/2/2026 at 2:33 PM | $21.26 | $50.02 |
| Previous close 09/01/2026 | $21.25 | $50.18 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/2/2026 at 2:33 PM
Live
Closed
MMCA | TAXE | |
|---|---|---|
| Last price | $21.26 | $50.02 |
| 1D performance | +0.05% | -0.32% |
| AuM | $90.02 M | $202.94 M |
| E/R | 0.7% | 0.24% |
Characteristics
MMCA | TAXE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 35 | 163 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 22, 2021 | July 10, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
MMCA
USA
33.52%
Other
66.48%
TAXE
USA
35.75%
Other
64.25%
Sectors
MMCA
Municipal
33.52%
Other
66.48%
TAXE
Municipal
35.75%
Other
64.25%
Diversification
MMCA
Total weight of top 15 holdings out of 15
25.56%
TAXE
Total weight of top 15 holdings out of 15
12.17%
Top 15 holdings
Data as of July 31, 2026
MMCA
California Community Choice Financing Authority, 5% 1oct2034, USD (2026G)
2.70%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
2.29%
US13013JCM62
2.26%
California Public Works Board, 5% 1sep2035, USD (2026)
2.14%
US120827ES50
2.06%
US13077DYV80
1.84%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.60%
California Infrastructure and Economic Development Bank, 3.25% 1jun2033, USD (2026)
1.59%
US845389PU30
1.37%
US13032UWT14
1.37%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
1.35%
US13080SJE54
1.29%
US376087EM00
1.24%
Anaheim Community Facilities District №08-1, 4% 1sep2041, USD (2016)
1.23%
US010824PH72
1.20%
TAXE
US45204FME24
1.90%
US46246K5E87
0.96%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.91%
Puerto Rico, 5.75% 1jul2031, USD
0.85%
US45506EQS53
0.83%
US249182LT15
0.81%
Denver, 5% 1dec2029, USD (2018A)
0.79%
Colorado, 6% 15dec2041, USD (2022)
0.72%
US899530AY53
0.72%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.70%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.62%
US64972JNL88
0.61%
US92812XXT44
0.60%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.59%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.58%
Frequently asked questions about MMCA and TAXE
How have the MMCA and TAXE ETFs performed in 2026?
As of August 27, 2026, MMCA is up 0.23% year-to-date (YTD), while TAXE has returned 0.65%. That puts TAXE better performer ahead so far this year.
Which ETF is attracting more investor money: MMCA or TAXE?
Year-to-date, the MMCA ETF saw +$23M in flows, compared to +$97M for TAXE.
Which ETF is more volatile: MMCA or TAXE?
Over the past year, MMCA had a volatility of 2.21%, while TAXE experienced 2.05%.
Which ETF is bigger: MMCA or TAXE?
As of August 27, 2026, MMCA holds $90.02 M in assets under management (AUM), while TAXE manages $202.94 M.
What sectors do the MMCA and TAXE ETFs invest in?
MMCA leans toward sectors like Municipal. Meanwhile, TAXE focuses on Municipal.
What are the top holdings of the MMCA ETF and TAXE 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. TAXE holds in its top three: US45204FME24, US46246K5E87 and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1).
Which ETF is more diversified: MMCA or TAXE?
MMCA holds 124 securities with 25.56% of its assets in the top 15. TAXE has 579 securities and a top 15 weight of 12.17%.
Advertisement
Advertisement
