MMSDvsBKMSETF Comparison
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NYLI MacKay Muni Short Duration ETF (MMSD) and BNY Mellon Municipal Short Duration ETF (BKMS) belong to the same industry segment: Municipal Bonds. MMSD's top 3 sector exposures are Municipal, Healthcare and Industrials. In contrast, BKMS's top sector exposures are Municipal. MMSD is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.35% for BKMS. Run a side-by-side ETF comparison of MMSD and BKMS 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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MMSD vs BKMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSD BKMS | -0.19%-0.07% | -0.84%-0.50% | +0.68%n/a | +1.32%n/a | n/an/a | n/an/a |
| Flows | MMSD BKMS | -$4K+$24M | +$9M+$27M | +$28M- | +$30M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSD BKMS | +2.35%+1.78% | +1.49%n/a | n/an/a | n/an/a |
| Max drawdown | MMSD BKMS | -2.45%-1.90% | -2.45%n/a | n/an/a | n/an/a |
| Max drawdown duration | MMSD BKMS | 51d51d | 51dn/a | n/an/a | n/an/a |
Trading data
MMSD | BKMS | |
Last sale 10/16/2026 at 1:30 PM | $24.93 | $25.17 |
| Previous close 10/15/2026 | $24.89 | $25.16 |
| 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
MMSD | BKMS | |
|---|---|---|
| Last price | $24.93 | $25.17 |
| 1D performance | +0.16% | +0.06% |
| AuM | $83.38 M | $455.14 M |
| E/R | 0.44% | 0.35% |
Characteristics
MMSD | BKMS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | BNY Mellon |
| Benchmark | - | - |
| N° of holdings | 39 | 43 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 5, 2025 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
MMSD
USA
22.7%
Other
77.3%
BKMS
USA
24.68%
Other
75.32%
Sectors
MMSD
Municipal
20.42%
Other
79.58%
BKMS
Municipal
24.68%
Other
75.32%
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Diversification
MMSD
Total weight of top 15 holdings out of 15
19.73%
BKMS
Total weight of top 15 holdings out of 15
20.5%
Top 15 holdings
Data as of August 31, 2026
MMSD
US04780M6J36
1.81%
US708692BV94
1.77%
US72342NAF24
1.45%
US1675937H96
1.33%
US118217CN67
1.26%
US84136HCT86
1.25%
US19648FJ393
1.25%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
1.24%
Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)
1.23%
US452152S852
1.21%
US63609YAA64
1.19%
US04785VCD47
1.18%
US360059AL37
1.18%
New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)
1.18%
US59447UBB52
1.18%
BKMS
US762196EY54
2.31%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B)
1.85%
Southeast Energy Authority, 5% 1may2053, USD (2022)
1.76%
New York Dormitory Authority, 5% 1jul2048, USD
1.46%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-1)
1.34%
US71783TAC45
1.27%
City of New York, 5% 1aug2030, USD (2026)
1.25%
Private Colleges and Universities Authority, 5% 1sep2029, USD (2025A)
1.24%
Virginia Transportation Board, 5% 15may2031, USD (2017A)
1.19%
US899576HE55
1.18%
US593344CB87
1.17%
New York Housing Finance Agency, 3.6% 1nov2064, USD (2025)
1.17%
Rural Water Financing Agency, 2.75% 1may2028, USD (2025A)
1.15%
US803770XC53
1.11%
US45470YGD76
1.04%
Frequently asked questions about MMSD and BKMS
Which ETF is bigger: MMSD or BKMS?
As of October 15, 2026, MMSD holds $83.38 M in assets under management (AUM), while BKMS manages $455.14 M.
What sectors do the MMSD and BKMS ETFs invest in?
MMSD leans toward sectors like Municipal. Meanwhile, BKMS focuses on Municipal.
What are the top holdings of the MMSD ETF and BKMS ETF?
MMSD top holdings include US04780M6J36, US708692BV94 and US72342NAF24. BKMS holds in its top three: US762196EY54, Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B) and Southeast Energy Authority, 5% 1may2053, USD (2022).
Which ETF is more diversified: MMSD or BKMS?
MMSD holds 162 securities with 19.73% of its assets in the top 15. BKMS has 253 securities and a top 15 weight of 20.5%.
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