MMMAvsITMETF Comparison
VS
NYLI MacKay Muni Allocation ETF (MMMA) and VanEck Intermediate Muni ETF (ITM) 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 0.18% for ITM. MMMA is up 1.73% year-to-date (YTD) with +$3M in YTD flows. ITM performs worse with -1.45% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of MMMA and ITM 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 ITM 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 ITM | -0.54%-0.68% | -1.28%-2.16% | +1.73%-1.45% | n/a+2.63% | n/a+9.11% | n/a-0.57% |
| Flows | MMMA ITM | --$14M | +$1M-$32M | +$3M+$34M | -+$165M | -+$326M | -+$375M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMMA ITM | +2.72%+2.61% | n/a+2.52% | n/a+3.60% | n/a+3.62% |
| Max drawdown | MMMA ITM | -2.18%-2.52% | n/a-3.65% | n/a-4.98% | n/a-14.42% |
| Max drawdown duration | MMMA ITM | 58d58d | n/a185d | n/a186d | n/a1486d |
Trading data
MMMA | ITM | |
Last sale 9/3/2026 at 1:30 PM | $45.31 | |
| Previous close 09/02/2026 | $45.39 | |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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MMMA
is actively managed and doesn’t replicate an indexMMMA | ITM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
MMMA | ITM | |
|---|---|---|
| Last price | – | $45.31 |
| 1D performance | – | -0.18% |
| AuM | $28.49 M | $2.09 B |
| E/R | 0.69% | 0.18% |
Characteristics
MMMA | ITM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | New York Life Investments | VanEck |
| Benchmark | - | ICE Intermediate AMT-Free Broad National Municipal Index |
| N° of holdings | 26 | 693 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 2025 | December 4, 2007 |
| ESG | No | No |
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Exposure
Countries
MMMA
USA
53.34%
Other
46.66%
ITM
USA
53.87%
Other
46.13%
Sectors
MMMA
Municipal
53.34%
Other
46.66%
ITM
Municipal
53.87%
Other
46.13%
Diversification
MMMA
Total weight of top 15 holdings out of 15
52.14%
ITM
Total weight of top 15 holdings out of 15
5.21%
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%
ITM
US646067KE77
0.55%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.50%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.47%
California, 4% 1mar2036, USD
0.45%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.39%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
0.38%
US64972GE267
0.30%
California, 5.25% 1aug2032, USD
0.30%
California Housing Finance Agency, 3.75% 25mar2035, USD (2021-2, A)
0.29%
Southeast Energy Authority, 5.25% 1nov2055, USD (2025F)
0.28%
US74440DFC39
0.28%
US569203NS77
0.27%
Commonwealth Financing Authority, 4% 1jun2039, USD (2018)
0.25%
US63607WBD56
0.25%
US576002DN64
0.25%
Frequently asked questions about MMMA and ITM
How have the MMMA and ITM ETFs performed in 2026?
As of September 2, 2026, MMMA is up 1.73% year-to-date (YTD), while ITM has lost -1.45%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MMMA or ITM?
Year-to-date, the MMMA ETF saw +$3M in flows, compared to +$34M for ITM.
Which ETF is bigger: MMMA or ITM?
As of September 2, 2026, MMMA holds $28.49 M in assets under management (AUM), while ITM manages $2.09 B.
What sectors do the MMMA and ITM ETFs invest in?
MMMA leans toward sectors like Municipal. Meanwhile, ITM focuses on Municipal.
What are the top holdings of the MMMA ETF and ITM ETF?
MMMA top holdings include US63877NPK71, US8371516N47 and US64763FL986. ITM holds in its top three: US646067KE77, California Community Choice Financing Authority, 5% 1aug2055, USD (2024C) and California Community Choice Financing Authority, 5% 1feb2055, USD (2024F).
Which ETF is more diversified: MMMA or ITM?
MMMA holds 49 securities with 52.14% of its assets in the top 15. ITM has 1328 securities and a top 15 weight of 5.21%.
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