MMINvsAAAETF Comparison
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NYLI MacKay Muni Insured ETF (MMIN) and AXS First Priority CLO Bond ETF (AAA) have similar underlying exposures to countries and sectors. MMIN's top 1 sector exposures are Municipal. In contrast, AAA's top sector exposures are Industrials and Finance. MMIN is more expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.25% for AAA. MMIN is up 0.66% year-to-date (YTD) with +$120M in YTD flows. AAA performs better with 3.18% YTD performance, and +$22M in YTD flows. Run a side-by-side ETF comparison of MMIN and AAA 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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MMIN vs AAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMIN AAA | -0.69%+0.48% | -1.01%+1.13% | +0.66%+3.18% | +6.00%+4.82% | +12.52%+19.19% | +1.52%+26.20% |
| Flows | MMIN AAA | +$11M+$20M | +$38M+$25M | +$120M+$22M | +$139M+$22M | +$76M+$58M | +$58M+$55M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIN AAA | +2.82%+0.32% | +2.88%+0.46% | +4.43%+1.19% | +4.41%+1.42% |
| Max drawdown | MMIN AAA | -2.33%n/a | -2.81%-0.11% | -6.48%-0.86% | -16.50%-2.37% |
| Max drawdown duration | MMIN AAA | 54dn/a | 106d4d | 277d26d | 1383d375d |
Trading data
MMIN | AAA | |
Last sale 9/2/2026 at 1:30 PM | $23.27 | $25.08 |
| Previous close 09/01/2026 | $23.27 | $24.90 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
MMIN | AAA | |
|---|---|---|
| Last price | $23.27 | $25.08 |
| 1D performance | -0.00% | +0.74% |
| AuM | $475.47 M | $64.92 M |
| E/R | 0.47% | 0.25% |
Characteristics
MMIN | AAA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | AXS Investments |
| Benchmark | - | - |
| N° of holdings | 38 | 6 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2017 | September 9, 2020 |
| ESG | No | No |
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Exposure
Countries
MMIN
USA
20.67%
Other
79.33%
AAA
USA
17.37%
Other
82.63%
Sectors
MMIN
Municipal
20.67%
Other
79.33%
AAA
Industrials
12.9%
Other
87.1%
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Diversification
MMIN
Total weight of top 15 holdings out of 15
16.27%
AAA
Total weight of top 15 holdings out of 15
59.48%
Top 15 holdings
Data as of July 31, 2026
MMIN
US944514L227
1.59%
US215525PF71
1.24%
US800766PY75
1.18%
Los Angeles Department of Water and Power, 5% 1jul2055, USD (2025)
1.16%
Chicago, 5.25% 1nov2061, USD (2026A)
1.12%
US79901PCX42
1.06%
Collier Industrial Development Authority, 5.25% 1oct2052, USD (2026A)
1.06%
US01728LKY73
1.03%
US70252AAW53
1.03%
US167593X986
1.00%
Springfield School District №186, 5.5% 1jun2066, USD (2026D)
1.00%
Pennsylvania Economic Development Financing Authority, 5.75% 31dec2062, USD (2022)
0.96%
Cedar Rapids Community School District, 5.25% 1jan2051, USD (2026)
0.96%
US557021LE05
0.94%
US88276RFJ68
0.94%
AAA
US03166GAA67
4.47%
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
4.46%
Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A)
4.46%
US03766HAQ39
4.46%
US149791BG90
4.46%
US15032EAY59
4.46%
US55952MAJ27
4.45%
US92919AAN46
4.45%
US55817DAA63
4.45%
US82808UAA34
3.35%
US50190KAN00
3.35%
Trinitas CLO 2024-30A, FRN 23oct2037, USD (ABS, A1)
3.35%
US05686CAA18
3.34%
US09627FBA75
3.12%
Magnetite CLO, 2026-55A, FRN 15apr2039, USD (ABS, A1)
2.86%
Frequently asked questions about MMIN and AAA
How have the MMIN and AAA ETFs performed in 2026?
As of August 28, 2026, MMIN is up 0.66% year-to-date (YTD), while AAA has returned 3.18%. That puts AAA better performer ahead so far this year.
Which ETF is attracting more investor money: MMIN or AAA?
Year-to-date, the MMIN ETF saw +$120M in flows, compared to +$22M for AAA.
Which ETF is more volatile: MMIN or AAA?
Over the past year, MMIN had a volatility of 2.88%, while AAA experienced 0.46%.
Which ETF is bigger: MMIN or AAA?
As of August 28, 2026, MMIN holds $475.47 M in assets under management (AUM), while AAA manages $64.92 M.
What sectors do the MMIN and AAA ETFs invest in?
MMIN leans toward sectors like Municipal. Meanwhile, AAA focuses on Industrials.
What are the top holdings of the MMIN ETF and AAA ETF?
MMIN top holdings include US944514L227, US215525PF71 and US800766PY75. AAA holds in its top three: US03166GAA67, Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A) and Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A).
Which ETF is more diversified: MMIN or AAA?
MMIN holds 223 securities with 16.27% of its assets in the top 15. AAA has 30 securities and a top 15 weight of 59.48%.
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Latest news about MMIN & AAA
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