MMMAvsMUNIETF Comparison
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NYLI MacKay Muni Allocation ETF (MMMA) and PIMCO Intermediate Municipal Bond Active ETF (MUNI) belong to the same industry segment: Municipal Bonds. MMMA's top 1 sector exposures are Municipal. In contrast, MUNI's top sector exposures are Municipal and Sovereign. MMMA is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.35% for MUNI. MMMA is down -0.2% year-to-date (YTD) with +$31M in YTD flows. MUNI performs worse with -1.74% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of MMMA and MUNI 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 MUNI 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 MUNI | -0.49%-0.25% | -3.30%-2.84% | -0.20%-1.74% | n/a-1.19% | n/a+11.22% | n/a+3.35% |
| Flows | MMMA MUNI | +$29M+$389M | +$30M+$492M | +$31M+$1.06B | -+$1.29B | -+$2.49B | -+$2.92B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMMA MUNI | +5.86%+4.43% | n/a+2.75% | n/a+3.19% | n/a+3.12% |
| Max drawdown | MMMA MUNI | -5.97%-4.95% | n/a-5.76% | n/a-5.76% | n/a-10.90% |
| Max drawdown duration | MMMA MUNI | 92d92d | n/a229d | n/a229d | n/a975d |
Trading data
MMMA | MUNI | |
Last sale 10/16/2026 at 1:30 PM | $50.41 | |
| Previous close 10/15/2026 | $50.38 | |
| 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 | MUNI | |
|---|---|---|
| Last price | – | $50.41 |
| 1D performance | – | +0.06% |
| AuM | $56.92 M | $3.47 B |
| E/R | 0.69% | 0.35% |
Characteristics
MMMA | MUNI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | PIMCO |
| Benchmark | - | - |
| N° of holdings | 23 | 143 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 2025 | November 30, 2009 |
| ESG | No | No |
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Exposure
Countries
MMMA
USA
42.81%
Other
57.19%
MUNI
USA
46.28%
Other
53.72%
Sectors
MMMA
Municipal
42.81%
Other
57.19%
MUNI
Municipal
42.7%
Other
57.3%
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Diversification
MMMA
Total weight of top 15 holdings out of 15
50.35%
MUNI
Total weight of top 15 holdings out of 15
15.11%
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%
MUNI
USA, Notes 4.25% 31jul2028, USD (BE-2028)
2.16%
US19648FJ880
1.18%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
1.12%
US407287NG24
1.05%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.00%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
0.97%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.97%
US20775DL830
0.96%
US31350ADW53
0.85%
New York Transitional Finance Authority, FRN 1nov2042, USD (2014)
0.84%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.84%
US67756AH960
0.84%
Aquarion Water Authority, 5.25% 1feb2033, USD (2026)
0.80%
US594654K382
0.79%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.75%
Frequently asked questions about MMMA and MUNI
How have the MMMA and MUNI ETFs performed in 2026?
As of October 16, 2026, MMMA is down -0.2% year-to-date (YTD), while MUNI has lost -1.74%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MMMA or MUNI?
Year-to-date, the MMMA ETF saw +$31M in flows, compared to +$1.06B for MUNI.
Which ETF is bigger: MMMA or MUNI?
As of October 16, 2026, MMMA holds $56.92 M in assets under management (AUM), while MUNI manages $3.47 B.
What sectors do the MMMA and MUNI ETFs invest in?
MMMA leans toward sectors like Municipal. Meanwhile, MUNI focuses on Municipal.
What are the top holdings of the MMMA ETF and MUNI ETF?
MMMA top holdings include US63877NPK71, US8371516N47 and US544446BM85. MUNI holds in its top three: USA, Notes 4.25% 31jul2028, USD (BE-2028), US19648FJ880 and Black Belt Energy Gas District, 5% 1jan2034, USD (2026).
Which ETF is more diversified: MMMA or MUNI?
MMMA holds 49 securities with 50.35% of its assets in the top 15. MUNI has 351 securities and a top 15 weight of 15.11%.
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