MMITvsCGSMETF Comparison
VS
NYLI MacKay Muni Intermediate ETF (MMIT) and Capital Group Short Duration Municipal Income ETF (CGSM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MMIT is more expensive with a Total Expense Ratio (TER) of 0.48%, versus 0.25% for CGSM. MMIT is down -1.6% year-to-date (YTD) with +$337M in YTD flows. CGSM performs better with 0.64% YTD performance, and +$723M in YTD flows. Run a side-by-side ETF comparison of MMIT and CGSM 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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MMIT vs CGSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMIT CGSM | -0.14%-0.02% | -2.89%-0.75% | -1.60%+0.64% | -0.87%+1.21% | +10.77%+13.41% | +3.05%n/a |
| Flows | MMIT CGSM | +$127M+$68M | +$161M+$128M | +$337M+$723M | +$462M+$808M | +$1.13B+$1.63B | +$1.43B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIT CGSM | +4.55%+2.20% | +2.83%+1.67% | +3.06%+1.95% | +3.08%n/a |
| Max drawdown | MMIT CGSM | -5.22%-2.33% | -5.97%-2.33% | -5.97%-2.33% | -11.87%n/a |
| Max drawdown duration | MMIT CGSM | 92d52d | 229d52d | 229d52d | 997dn/a |
Trading data
MMIT | CGSM | |
Last sale 10/19/2026 at 6:35 PM | $23.28 | $25.98 |
| Previous close 10/16/2026 | $23.29 | $25.98 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 6:35 PM
Live
Closed
MMIT | CGSM | |
|---|---|---|
| Last price | $23.28 | $25.98 |
| 1D performance | -0.06% | +0.00% |
| AuM | $1.58 B | $1.65 B |
| E/R | 0.48% | 0.25% |
Characteristics
MMIT | CGSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Capital Group |
| Benchmark | - | - |
| N° of holdings | 190 | 235 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2017 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
MMIT
USA
30.87%
Other
69.13%
CGSM
USA
30.46%
Other
69.54%
Sectors
MMIT
Municipal
30.87%
Other
69.13%
CGSM
Municipal
30.46%
Other
69.54%
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Diversification
MMIT
Total weight of top 15 holdings out of 15
10.47%
CGSM
Total weight of top 15 holdings out of 15
11.02%
Top 15 holdings
Data as of August 31, 2026
MMIT
City of New York, 5.125% 15nov2011, USD
1.02%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.99%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.89%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.62%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.58%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.56%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.51%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.46%
CGSM
US650028E821
1.12%
US574193XS28
1.02%
US34153QZG45
1.01%
US83703FLR19
0.99%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.83%
US373385QZ98
0.66%
PEFA Inc., 5% 1sep2049, USD (2019)
0.63%
US57421CLT98
0.63%
Puerto Rico, FRN 1nov2043, USD
0.62%
Virginia College Building Authority, 5% 1feb2032, USD
0.62%
US48542TBS87
0.61%
US74440DFN93
0.59%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.58%
US254773BN34
0.57%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.54%
Frequently asked questions about MMIT and CGSM
How have the MMIT and CGSM ETFs performed in 2026?
As of October 16, 2026, MMIT is down -1.6% year-to-date (YTD), while CGSM has returned 0.64%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: MMIT or CGSM?
Year-to-date, the MMIT ETF saw +$337M in flows, compared to +$723M for CGSM.
Which ETF is more volatile: MMIT or CGSM?
Over the past year, MMIT had a volatility of 2.83%, while CGSM experienced 1.67%.
Which ETF is bigger: MMIT or CGSM?
As of October 16, 2026, MMIT holds $1.58 B in assets under management (AUM), while CGSM manages $1.65 B.
What sectors do the MMIT and CGSM ETFs invest in?
MMIT leans toward sectors like Municipal. Meanwhile, CGSM focuses on Municipal.
What are the top holdings of the MMIT ETF and CGSM ETF?
MMIT top holdings include City of New York, 5.125% 15nov2011, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A). CGSM holds in its top three: US650028E821, US574193XS28 and US34153QZG45.
Which ETF is more diversified: MMIT or CGSM?
MMIT holds 865 securities with 10.47% of its assets in the top 15. CGSM has 1032 securities and a top 15 weight of 11.02%.
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Latest news about MMIT & CGSM
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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