MMMAvsHTAXETF Comparison
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NYLI MacKay Muni Allocation ETF (MMMA) and Nomura National High-Yield Municipal Bond ETF (HTAX) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MMMA is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.49% for HTAX. MMMA is up 1.73% year-to-date (YTD) with +$3M in YTD flows. HTAX performs worse with 1.08% YTD performance, and +$28M in YTD flows. Run a side-by-side ETF comparison of MMMA and HTAX 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 HTAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMMA HTAX | -0.54%-0.80% | -1.28%-1.48% | +1.73%+1.08% | n/a+6.88% | n/an/a | n/an/a |
| Flows | MMMA HTAX | -+$1M | +$1M+$4M | +$3M+$28M | -+$32M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMMA HTAX | +2.72%+3.62% | n/a+3.60% | n/an/a | n/an/a |
| Max drawdown | MMMA HTAX | -2.18%-3.01% | n/a-3.01% | n/an/a | n/an/a |
| Max drawdown duration | MMMA HTAX | 58d58d | n/a58d | n/an/a | n/an/a |
Trading data
MMMA | HTAX | |
Last sale 9/3/2026 at 6:53 PM | $24.03 | |
| Previous close 09/02/2026 | $23.97 | |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 6:53 PM
Live
Closed
MMMA | HTAX | |
|---|---|---|
| Last price | – | $24.03 |
| 1D performance | – | +0.25% |
| AuM | $28.49 M | $59.40 M |
| E/R | 0.69% | 0.49% |
Characteristics
MMMA | HTAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | Nomura |
| Benchmark | - | - |
| N° of holdings | 26 | 101 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 2025 | March 5, 2025 |
| ESG | No | No |
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Exposure
Countries
MMMA
USA
53.34%
Other
46.66%
HTAX
USA
52.47%
Other
47.53%
Sectors
MMMA
Municipal
53.34%
Other
46.66%
HTAX
Municipal
52.47%
Other
47.53%
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Diversification
MMMA
Total weight of top 15 holdings out of 15
52.14%
HTAX
Total weight of top 15 holdings out of 15
16.32%
Top 15 holdings
Data as of July 31, 2026
MMMA
US63877NPK71
4.36%
US8371516N47
3.98%
US64763FL986
3.69%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
3.67%
Chicago O'Hare International Airport, 5.5% 1jan2048, USD (2025E)
3.66%
Northern California Energy Authority, 5% 1dec2054, USD (2024)
3.65%
Illinois Toll Highway Authority, 5% 1jan2037, USD
3.64%
Equitable School Revolving Fund, 5.25% 1nov2053, USD (2023A)
3.54%
Chicago Board of Education, 6% 1apr2046, USD (2017)
3.53%
US24917QBP81
3.52%
US63607WBN39
3.28%
US59261ACR68
3.11%
Colorado Health Facilities Authority, 4% 1aug2049, USD (2019A-2)
3.01%
US03843TBE01
2.81%
Denver Airport System, 5.5% 15nov2053, USD (2022A)
2.72%
HTAX
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
1.71%
Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018)
1.66%
Puerto Rico, FRN 1nov2043, USD
1.23%
Louisiana Public Facilities Authority, 5% 1sep2066, USD (2024)
1.21%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
1.18%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
1.13%
US63607YEY23
0.98%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.96%
Wisconsin Public Finance Authority, 6.5% 31dec2065, USD (2025)
0.93%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.92%
San Diego Regional Airport Authority, 5.5% 1jul2055, USD (2025A)
0.89%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2053, USD (2023B)
0.89%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.88%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.88%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.87%
Frequently asked questions about MMMA and HTAX
How have the MMMA and HTAX ETFs performed in 2026?
As of September 2, 2026, MMMA is up 1.73% year-to-date (YTD), while HTAX has returned 1.08%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MMMA or HTAX?
Year-to-date, the MMMA ETF saw +$3M in flows, compared to +$28M for HTAX.
Which ETF is bigger: MMMA or HTAX?
As of September 2, 2026, MMMA holds $28.49 M in assets under management (AUM), while HTAX manages $59.40 M.
What sectors do the MMMA and HTAX ETFs invest in?
MMMA leans toward sectors like Municipal. Meanwhile, HTAX focuses on Municipal.
What are the top holdings of the MMMA ETF and HTAX ETF?
MMMA top holdings include US63877NPK71, US8371516N47 and US64763FL986. HTAX holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico GDB Debt Recovery Authority, 7.5% 20aug2040, USD (2018) and Puerto Rico, FRN 1nov2043, USD.
Which ETF is more diversified: MMMA or HTAX?
MMMA holds 49 securities with 52.14% of its assets in the top 15. HTAX has 217 securities and a top 15 weight of 16.32%.
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Latest news about MMMA & HTAX
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