MMITvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0%
NYLI MacKay Muni Intermediate ETF (MMIT) and State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) 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 0.2% for SHM. MMIT is down -1.6% year-to-date (YTD) with +$337M in YTD flows. SHM performs better with 0.16% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of MMIT and SHM 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 SHM 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 SHM | -0.14%-0.04% | -2.89%-0.80% | -1.60%+0.16% | -0.87%+0.56% | +10.77%+8.94% | +3.05%+4.03% |
| Flows | MMIT SHM | +$127M+$5M | +$161M+$67M | +$337M+$47M | +$462M+$61M | +$1.13B-$416M | +$1.43B-$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIT SHM | +4.55%+2.39% | +2.83%+1.43% | +3.06%+1.65% | +3.08%+1.72% |
| Max drawdown | MMIT SHM | -5.22%-2.52% | -5.97%-2.61% | -5.97%-2.61% | -11.87%-6.22% |
| Max drawdown duration | MMIT SHM | 92d64d | 229d229d | 229d229d | 997d1036d |
Trading data
MMIT | SHM | |
Last sale 10/19/2026 at 6:37 PM | $23.28 | $47.05 |
| Previous close 10/16/2026 | $23.29 | $47.02 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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MMIT
is actively managed and doesn’t replicate an indexMMIT | SHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 6:37 PM
Live
Closed
MMIT | SHM | |
|---|---|---|
| Last price | $23.28 | $47.05 |
| 1D performance | -0.04% | +0.06% |
| AuM | $1.58 B | $3.49 B |
| E/R | 0.48% | 0.2% |
Characteristics
MMIT | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | New York Life Investments | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 190 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2017 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
MMIT
USA
30.87%
Other
69.13%
SHM
USA
31.88%
Other
68.12%
Sectors
MMIT
Municipal
30.87%
Other
69.13%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
MMIT
Total weight of top 15 holdings out of 15
10.47%
SHM
Total weight of top 15 holdings out of 15
6.56%
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%
SHM
US84136HCT86
0.92%
New York Dormitory Authority, 2.5% 1jul1993, USD
0.62%
US13063ELG97
0.51%
California, 5% 1sep2028, USD
0.48%
US13063EAW66
0.45%
US91412HTD51
0.41%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.40%
City of New York, 5.7% 1feb2006, USD
0.39%
US574204W906
0.36%
US343137RQ01
0.36%
US61334PFH10
0.35%
US13063EUS35
0.34%
US13013JBJ43
0.33%
Connecticut, 5% 15jul2027, USD
0.32%
US74440DFN93
0.32%
Frequently asked questions about MMIT and SHM
How have the MMIT and SHM ETFs performed in 2026?
As of October 16, 2026, MMIT is down -1.6% year-to-date (YTD), while SHM has returned 0.16%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: MMIT or SHM?
Year-to-date, the MMIT ETF saw +$337M in flows, compared to +$47M for SHM.
Which ETF is more volatile: MMIT or SHM?
Over the past year, MMIT had a volatility of 2.83%, while SHM experienced 1.43%.
Which ETF is bigger: MMIT or SHM?
As of October 16, 2026, MMIT holds $1.58 B in assets under management (AUM), while SHM manages $3.49 B.
What sectors do the MMIT and SHM ETFs invest in?
MMIT leans toward sectors like Municipal. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the MMIT ETF and SHM 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). SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: MMIT or SHM?
MMIT holds 865 securities with 10.47% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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Latest news about MMIT & SHM
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