MMMAvsMINOETF Comparison
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NYLI MacKay Muni Allocation ETF (MMMA) and PIMCO Municipal Income Opportunities Active ETF (MINO) belong to the same industry segment: Municipal Bonds. MMMA's top 1 sector exposures are Municipal. In contrast, MINO's top sector exposures are Municipal and Sovereign. MMMA is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.49% for MINO. MMMA is down -0.2% year-to-date (YTD) with +$31M in YTD flows. MINO performs worse with -2.06% YTD performance, and +$441M in YTD flows. Run a side-by-side ETF comparison of MMMA and MINO 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 MINO 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 MINO | -0.49%-0.61% | -3.30%-3.87% | -0.20%-2.06% | n/a-1.54% | n/a+13.46% | n/a+2.26% |
| Flows | MMMA MINO | +$29M+$125M | +$30M+$180M | +$31M+$441M | -+$528M | -+$817M | -+$866M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMMA MINO | +5.86%+5.61% | n/a+3.40% | n/a+3.98% | n/a+4.07% |
| Max drawdown | MMMA MINO | -5.97%-6.24% | n/a-6.92% | n/a-6.92% | n/a-16.36% |
| Max drawdown duration | MMMA MINO | 92d92d | n/a103d | n/a103d | n/a1006d |
Trading data
MMMA | MINO | |
Last sale 10/16/2026 at 1:30 PM | $43.23 | |
| Previous close 10/15/2026 | $43.18 | |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MMMA | MINO | |
|---|---|---|
| Last price | – | $43.23 |
| 1D performance | – | +0.12% |
| AuM | $56.92 M | $872.85 M |
| E/R | 0.69% | 0.49% |
Characteristics
MMMA | MINO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | PIMCO |
| Benchmark | - | - |
| N° of holdings | 23 | 116 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 2025 | September 8, 2021 |
| ESG | No | No |
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Exposure
Countries
MMMA
USA
42.81%
Other
57.19%
MINO
USA
46.28%
Other
53.72%
Sectors
MMMA
Municipal
42.81%
Other
57.19%
MINO
Municipal
44.65%
Other
55.35%
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Diversification
MMMA
Total weight of top 15 holdings out of 15
50.35%
MINO
Total weight of top 15 holdings out of 15
17.47%
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%
MINO
US20775DTS17
1.90%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
1.63%
Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)
1.49%
New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)
1.27%
US544446BA48
1.22%
US60412AM678
1.05%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.05%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.03%
US882118AS16
1.02%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
0.99%
Cuyahoga, 5% 1dec2051, USD (2026)
0.98%
US590545J420
0.98%
US5755793L99
0.97%
US87638QSL40
0.95%
US45204FAH82
0.95%
Frequently asked questions about MMMA and MINO
How have the MMMA and MINO ETFs performed in 2026?
As of October 16, 2026, MMMA is down -0.2% year-to-date (YTD), while MINO has lost -2.06%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MMMA or MINO?
Year-to-date, the MMMA ETF saw +$31M in flows, compared to +$441M for MINO.
Which ETF is bigger: MMMA or MINO?
As of October 16, 2026, MMMA holds $56.92 M in assets under management (AUM), while MINO manages $872.85 M.
What sectors do the MMMA and MINO ETFs invest in?
MMMA leans toward sectors like Municipal. Meanwhile, MINO focuses on Municipal.
What are the top holdings of the MMMA ETF and MINO ETF?
MMMA top holdings include US63877NPK71, US8371516N47 and US544446BM85. MINO holds in its top three: US20775DTS17, USA, Notes 4.25% 31jul2028, USD (BE-2028) and Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A).
Which ETF is more diversified: MMMA or MINO?
MMMA holds 49 securities with 50.35% of its assets in the top 15. MINO has 281 securities and a top 15 weight of 17.47%.
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