MMITvsTMNSETF Comparison
VS
NYLI MacKay Muni Intermediate ETF (MMIT) and T. Rowe Price Short Municipal Income ETF (TMNS) 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 0.18% for TMNS. MMIT is down -1.6% year-to-date (YTD) with +$337M in YTD flows. TMNS performs better with 0.4% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of MMIT and TMNS 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 TMNS 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 TMNS | -0.14%-0.14% | -2.89%-1.05% | -1.60%+0.40% | -0.87%n/a | +10.77%n/a | +3.05%n/a |
| Flows | MMIT TMNS | +$127M-$1M | +$161M+$1M | +$337M+$1M | +$462M- | +$1.13B- | +$1.43B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIT TMNS | +4.55%+2.73% | +2.83%n/a | +3.06%n/a | +3.08%n/a |
| Max drawdown | MMIT TMNS | -5.22%-2.76% | -5.97%n/a | -5.97%n/a | -11.87%n/a |
| Max drawdown duration | MMIT TMNS | 92d51d | 229dn/a | 229dn/a | 997dn/a |
Trading data
MMIT | TMNS | |
Last sale 10/19/2026 at 7:42 PM | $23.28 | $49.10 |
| Previous close 10/16/2026 | $23.29 | $49.08 |
| 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 7:42 PM
Live
Closed
MMIT | TMNS | |
|---|---|---|
| Last price | $23.28 | $49.10 |
| 1D performance | -0.06% | +0.02% |
| AuM | $1.58 B | $22.08 M |
| E/R | 0.48% | 0.18% |
Characteristics
MMIT | TMNS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 190 | 58 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2017 | November 19, 2025 |
| ESG | No | No |
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Exposure
Countries
MMIT
USA
30.87%
Other
69.13%
TMNS
USA
29.18%
Other
70.82%
Sectors
MMIT
Municipal
30.87%
Other
69.13%
TMNS
Municipal
29.18%
Other
70.82%
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Diversification
MMIT
Total weight of top 15 holdings out of 15
10.47%
TMNS
Total weight of top 15 holdings out of 15
25.29%
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%
TMNS
US23503CFK80
2.22%
US735240L842
2.13%
New York Housing Finance Agency, FRN 1may2049, USD
2.11%
US09182TCG04
1.87%
California Community Choice Financing Authority, 5.5% 1oct2054, USD (2023F)
1.82%
US650116DJ25
1.78%
New York Mortgage Agency, 3.4% 1oct2030, USD
1.67%
US735389D620
1.67%
US546068AZ00
1.55%
Illinois Toll Highway Authority, 5% 1jan2031, USD
1.55%
US425507GL89
1.44%
US64988YQ831
1.40%
US04052FDU66
1.38%
Puerto Rico, 5.75% 1jul2031, USD
1.37%
US187145WS29
1.35%
Frequently asked questions about MMIT and TMNS
How have the MMIT and TMNS ETFs performed in 2026?
As of October 16, 2026, MMIT is down -1.6% year-to-date (YTD), while TMNS has returned 0.4%. That puts TMNS better performer ahead so far this year.
Which ETF is attracting more investor money: MMIT or TMNS?
Year-to-date, the MMIT ETF saw +$337M in flows, compared to +$1M for TMNS.
Which ETF is bigger: MMIT or TMNS?
As of October 16, 2026, MMIT holds $1.58 B in assets under management (AUM), while TMNS manages $22.08 M.
What sectors do the MMIT and TMNS ETFs invest in?
MMIT leans toward sectors like Municipal. Meanwhile, TMNS focuses on Municipal.
What are the top holdings of the MMIT ETF and TMNS 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). TMNS holds in its top three: US23503CFK80, US735240L842 and New York Housing Finance Agency, FRN 1may2049, USD.
Which ETF is more diversified: MMIT or TMNS?
MMIT holds 865 securities with 10.47% of its assets in the top 15. TMNS has 208 securities and a top 15 weight of 25.29%.
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