MMMAvsHYMBETF Comparison
VS
ETF 2
HYMB
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.01%
NYLI MacKay Muni Allocation ETF (MMMA) and State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) 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 0.35% for HYMB. MMMA is up 1.7% year-to-date (YTD) with +$3M in YTD flows. HYMB performs worse with 1.01% YTD performance, and +$595M in YTD flows. Run a side-by-side ETF comparison of MMMA and HYMB 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 HYMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMMA HYMB | -0.57%-0.70% | -1.29%-1.55% | +1.70%+1.01% | n/a+5.80% | n/a+13.65% | n/a-0.95% |
| Flows | MMMA HYMB | -+$228M | +$1M+$558M | +$3M+$595M | -+$750M | -+$1.51B | -+$2.02B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMMA HYMB | +2.72%+3.19% | n/a+2.99% | n/a+4.83% | n/a+4.88% |
| Max drawdown | MMMA HYMB | -2.18%-2.65% | n/a-2.67% | n/a-7.06% | n/a-20.03% |
| Max drawdown duration | MMMA HYMB | 59d60d | n/a88d | n/a269d | n/a1509d |
Trading data
MMMA | HYMB | |
Last sale 9/4/2026 at 1:30 PM | $24.45 | |
| Previous close 09/03/2026 | $24.47 | |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 5, 2026
1-year trailing difference
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MMMA
is actively managed and doesn’t replicate an indexMMMA | HYMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
MMMA | HYMB | |
|---|---|---|
| Last price | – | $24.45 |
| 1D performance | – | -0.08% |
| AuM | $28.49 M | $3.42 B |
| E/R | 0.69% | 0.35% |
Characteristics
MMMA | HYMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | New York Life Investments | State Street Investment Management |
| Benchmark | - | ICE US Select High Yield Crossover Municipal Index |
| N° of holdings | 26 | 792 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 2025 | April 13, 2011 |
| ESG | No | No |
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Exposure
Countries
MMMA
USA
53.34%
Other
46.66%
HYMB
USA
53.95%
Other
46.05%
Sectors
MMMA
Municipal
53.34%
Other
46.66%
HYMB
Municipal
53.95%
Other
46.05%
Diversification
MMMA
Total weight of top 15 holdings out of 15
52.14%
HYMB
Total weight of top 15 holdings out of 15
10%
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%
HYMB
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
2.30%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
1.41%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.28%
Puerto Rico, 4% 1jul2046, USD
0.80%
Puerto Rico, 4% 1jul2041, USD
0.59%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.57%
New York Liberty Development Corp., 5% 15nov2044, USD
0.45%
US592250EW01
0.39%
US09182TGL52
0.35%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.34%
US167505ZF68
0.32%
Matching Fund Special Purpose Securitization Corp., 5% 1oct2039, USD (2022A)
0.31%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.30%
US472682ZN67
0.30%
US084538JH15
0.29%
Frequently asked questions about MMMA and HYMB
How have the MMMA and HYMB ETFs performed in 2026?
As of September 3, 2026, MMMA is up 1.7% year-to-date (YTD), while HYMB has returned 1.01%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MMMA or HYMB?
Year-to-date, the MMMA ETF saw +$3M in flows, compared to +$595M for HYMB.
Which ETF is bigger: MMMA or HYMB?
As of September 3, 2026, MMMA holds $28.49 M in assets under management (AUM), while HYMB manages $3.42 B.
What sectors do the MMMA and HYMB ETFs invest in?
MMMA leans toward sectors like Municipal. Meanwhile, HYMB focuses on Municipal.
What are the top holdings of the MMMA ETF and HYMB ETF?
MMMA top holdings include US63877NPK71, US8371516N47 and US64763FL986. HYMB holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD and Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2).
Which ETF is more diversified: MMMA or HYMB?
MMMA holds 49 securities with 52.14% of its assets in the top 15. HYMB has 1732 securities and a top 15 weight of 10%.
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