MMITvsFTPAETF Comparison
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NYLI MacKay Muni Intermediate ETF (MMIT) and Franklin Pennsylvania Municipal Income ETF (FTPA) 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 FTPA. MMIT is down -1.65% year-to-date (YTD) with +$339M in YTD flows. FTPA performs worse with -4.55% YTD performance, and +$48M in YTD flows. Run a side-by-side ETF comparison of MMIT and FTPA 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 FTPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMIT FTPA | -0.16%-1.30% | -2.83%-5.46% | -1.65%-4.55% | -1.02%n/a | +11.70%n/a | +3.07%n/a |
| Flows | MMIT FTPA | +$127M+$14M | +$161M+$26M | +$339M+$48M | +$461M- | +$1.13B- | +$1.43B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIT FTPA | +4.59%+6.22% | +2.84%n/a | +3.05%n/a | +3.08%n/a |
| Max drawdown | MMIT FTPA | -5.11%-7.49% | -5.97%n/a | -5.97%n/a | -11.87%n/a |
| Max drawdown duration | MMIT FTPA | 91d91d | 232dn/a | 232dn/a | 997dn/a |
Trading data
MMIT | FTPA | |
Last sale 10/20/2026 at 1:30 PM | $23.29 | |
| Previous close 10/19/2026 | $23.31 | |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/20/2026 at 1:30 PM
Live
Closed
MMIT | FTPA | |
|---|---|---|
| Last price | $23.29 | – |
| 1D performance | -0.09% | – |
| AuM | $1.58 B | $122.72 M |
| E/R | 0.48% | 0.35% |
Characteristics
MMIT | FTPA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 190 | 28 |
| 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%
FTPA
USA
29.86%
Other
70.14%
Sectors
MMIT
Municipal
30.87%
Other
69.13%
FTPA
Municipal
29.86%
Other
70.14%
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Diversification
MMIT
Total weight of top 15 holdings out of 15
10.47%
FTPA
Total weight of top 15 holdings out of 15
25.07%
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%
FTPA
Philadelphia, 5% 1aug2047, USD
2.61%
Allegheny Hospital Development Authority, 4% 1apr2044, USD
1.89%
US842039FR53
1.89%
US709221SB22
1.81%
US709225QR06
1.72%
US230822TW83
1.63%
Pennsylvania Economic Development Financing Authority, 5% 15feb2039, USD (2022A)
1.62%
North Penn School District, 5% 1mar2051, USD (2026)
1.62%
Pennsylvania Economic Development Financing Authority, 5.25% 15dec2051, USD (2026)
1.61%
US52480RGN44
1.61%
US087470BX73
1.58%
Lackawanna Industrial Development Authority, 4% 1nov2040, USD
1.41%
US717868HY29
1.38%
US458436YP15
1.36%
US708692AH10
1.34%
Frequently asked questions about MMIT and FTPA
How have the MMIT and FTPA ETFs performed in 2026?
As of October 19, 2026, MMIT is down -1.65% year-to-date (YTD), while FTPA has lost -4.55%. That puts MMIT better performer ahead so far this year.
Which ETF is attracting more investor money: MMIT or FTPA?
Year-to-date, the MMIT ETF saw +$339M in flows, compared to +$48M for FTPA.
Which ETF is bigger: MMIT or FTPA?
As of October 19, 2026, MMIT holds $1.58 B in assets under management (AUM), while FTPA manages $122.72 M.
What sectors do the MMIT and FTPA ETFs invest in?
MMIT leans toward sectors like Municipal. Meanwhile, FTPA focuses on Municipal.
What are the top holdings of the MMIT ETF and FTPA 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). FTPA holds in its top three: Philadelphia, 5% 1aug2047, USD, Allegheny Hospital Development Authority, 4% 1apr2044, USD and US842039FR53.
Which ETF is more diversified: MMIT or FTPA?
MMIT holds 865 securities with 10.47% of its assets in the top 15. FTPA has 111 securities and a top 15 weight of 25.07%.
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