MMITvsFTMAETF Comparison
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NYLI MacKay Muni Intermediate ETF (MMIT) and Franklin Massachusetts Municipal Income ETF (FTMA) 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 0.35% for FTMA. MMIT is down -1.6% year-to-date (YTD) with +$337M in YTD flows. FTMA performs worse with -3.7% YTD performance, and +$48M in YTD flows. Run a side-by-side ETF comparison of MMIT and FTMA 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 FTMA 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 FTMA | -0.14%-0.73% | -2.89%-4.57% | -1.60%-3.70% | -0.87%n/a | +10.77%n/a | +3.05%n/a |
| Flows | MMIT FTMA | +$127M-$13M | +$161M-$6M | +$337M+$48M | +$462M- | +$1.13B- | +$1.43B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIT FTMA | +4.55%+5.55% | +2.83%n/a | +3.06%n/a | +3.08%n/a |
| Max drawdown | MMIT FTMA | -5.22%-6.59% | -5.97%n/a | -5.97%n/a | -11.87%n/a |
| Max drawdown duration | MMIT FTMA | 92d92d | 229dn/a | 229dn/a | 997dn/a |
Trading data
MMIT | FTMA | |
Last sale 10/16/2026 at 1:30 PM | $23.29 | $8.63 |
| Previous close 10/15/2026 | $23.26 | $8.61 |
| 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
MMIT | FTMA | |
|---|---|---|
| Last price | $23.29 | $8.63 |
| 1D performance | +0.13% | +0.23% |
| AuM | $1.58 B | $276.09 M |
| E/R | 0.48% | 0.35% |
Characteristics
MMIT | FTMA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 190 | 45 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2017 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
MMIT
USA
30.87%
Other
69.13%
FTMA
USA
31.27%
Other
68.73%
Sectors
MMIT
Municipal
30.87%
Other
69.13%
FTMA
Municipal
31.27%
Other
68.73%
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Diversification
MMIT
Total weight of top 15 holdings out of 15
10.47%
FTMA
Total weight of top 15 holdings out of 15
23.94%
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%
FTMA
US57604TMC70
2.16%
Massachusetts Development Finance Agency, 5.75% 1jan2042, USD
2.08%
US57582TDX72
1.90%
US5755793L99
1.88%
Massachusetts, 5% 1jan2054, USD (2024)
1.88%
US575579B979
1.66%
Massachusetts Development Finance Agency, 4% 1oct2045, USD
1.58%
Massachusetts Development Finance Agency, 5.5% 15aug2050, USD (2025A)
1.53%
Massachusetts, 5% 1jun2050, USD (2022)
1.47%
US57586N6R72
1.45%
US661802WH79
1.39%
US111746KV47
1.26%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.26%
US57585BEY02
1.24%
US57584Y5N53
1.19%
Frequently asked questions about MMIT and FTMA
How have the MMIT and FTMA ETFs performed in 2026?
As of October 16, 2026, MMIT is down -1.6% year-to-date (YTD), while FTMA has lost -3.7%. That puts MMIT better performer ahead so far this year.
Which ETF is attracting more investor money: MMIT or FTMA?
Year-to-date, the MMIT ETF saw +$337M in flows, compared to +$48M for FTMA.
Which ETF is bigger: MMIT or FTMA?
As of October 16, 2026, MMIT holds $1.58 B in assets under management (AUM), while FTMA manages $276.09 M.
What sectors do the MMIT and FTMA ETFs invest in?
MMIT leans toward sectors like Municipal. Meanwhile, FTMA focuses on Municipal.
What are the top holdings of the MMIT ETF and FTMA 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). FTMA holds in its top three: US57604TMC70, Massachusetts Development Finance Agency, 5.75% 1jan2042, USD and US57582TDX72.
Which ETF is more diversified: MMIT or FTMA?
MMIT holds 865 securities with 10.47% of its assets in the top 15. FTMA has 182 securities and a top 15 weight of 23.94%.
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