MMMAvsGNMAETF Comparison
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NYLI MacKay Muni Allocation ETF (MMMA) belongs to the Municipal Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. MMMA's top 1 sector exposures are Municipal. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. MMMA is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.11% for GNMA. MMMA is down -0.2% year-to-date (YTD) with +$31M in YTD flows. GNMA performs worse with -1.65% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of MMMA and GNMA 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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MMMA vs GNMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMMA GNMA | -0.49%-0.41% | -3.30%-2.53% | -0.20%-1.65% | n/a-1.41% | n/a+15.95% | n/a+0.31% |
| Flows | MMMA GNMA | +$29M-$15M | +$30M+$7M | +$31M+$36M | -+$69M | -+$124M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMMA GNMA | +5.86%+5.77% | n/a+4.49% | n/a+5.59% | n/a+6.56% |
| Max drawdown | MMMA GNMA | -5.97%-4.45% | n/a-5.36% | n/a-5.36% | n/a-15.48% |
| Max drawdown duration | MMMA GNMA | 92d52d | n/a229d | n/a229d | n/a1397d |
Trading data
MMMA | GNMA | |
Last sale 10/16/2026 at 1:30 PM | $42.27 | |
| Previous close 10/15/2026 | $42.26 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MMMA
is actively managed and doesn’t replicate an indexMMMA | GNMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MMMA | GNMA | |
|---|---|---|
| Last price | – | $42.27 |
| 1D performance | – | +0.02% |
| AuM | $56.92 M | $416.20 M |
| E/R | 0.69% | 0.11% |
Characteristics
MMMA | GNMA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | New York Life Investments | iShares |
| Benchmark | - | Bloomberg U.S. GNMA Bond Index |
| N° of holdings | 23 | 109 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 2025 | February 14, 2012 |
| ESG | No | No |
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Exposure
Countries
MMMA
USA
42.81%
Other
57.19%
GNMA
USA
48.8%
Other
51.2%
Sectors
MMMA
Municipal
42.81%
Other
57.19%
GNMA
Industrials
39.92%
Non-Corporate
8.88%
Other
51.2%
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Diversification
MMMA
Total weight of top 15 holdings out of 15
50.35%
GNMA
Total weight of top 15 holdings out of 15
33.91%
Top 15 holdings
Data as of August 31, 2026
MMMA
US63877NPK71
4.24%
US8371516N47
3.80%
US544446BM85
3.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
3.57%
Chicago O'Hare International Airport, 5.5% 1jan2048, USD (2025E)
3.52%
Illinois Toll Highway Authority, 5% 1jan2037, USD
3.52%
US11506KHB08
3.46%
Chicago Board of Education, 6% 1apr2046, USD (2017)
3.42%
Equitable School Revolving Fund, 5.25% 1nov2053, USD (2023A)
3.42%
US24917QBP81
3.38%
US63607WBN39
3.15%
US59261ACR68
2.94%
Colorado Health Facilities Authority, 4% 1aug2049, USD (2019A-2)
2.90%
US03843TBE01
2.71%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
2.60%
GNMA
BlackRock Cash Funds - Treasury
8.88%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.59%
US3618N5XQ77
2.51%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.42%
US21H0526945
1.97%
US36179WTX64
1.90%
G2 MA8878, 5% 20may2053, USD (ABS)
1.67%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.64%
US36179WJR07
1.62%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.59%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.59%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.44%
US36179WLP13
1.40%
US36179WFG87
1.38%
US3617NWEY42
1.32%
Frequently asked questions about MMMA and GNMA
How have the MMMA and GNMA ETFs performed in 2026?
As of October 16, 2026, MMMA is down -0.2% year-to-date (YTD), while GNMA has lost -1.65%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MMMA or GNMA?
Year-to-date, the MMMA ETF saw +$31M in flows, compared to +$36M for GNMA.
Which ETF is bigger: MMMA or GNMA?
As of October 16, 2026, MMMA holds $56.92 M in assets under management (AUM), while GNMA manages $416.20 M.
What sectors do the MMMA and GNMA ETFs invest in?
MMMA leans toward sectors like Municipal. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the MMMA ETF and GNMA ETF?
MMMA top holdings include US63877NPK71, US8371516N47 and US544446BM85. GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: MMMA or GNMA?
MMMA holds 49 securities with 50.35% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 33.91%.
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