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MMSDvsVMBSETF Comparison

ETF 1

MMSD

NYLI MacKay Muni Short Duration ETF

This fund is part of

Municipal Bonds

-0.42%

Full MMSD fund page

VS

ETF 2

VMBS

Vanguard Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.3%

Full VMBS fund page

NYLI MacKay Muni Short Duration ETF (MMSD) belongs to the Municipal Bonds segment. Vanguard Mortgage-Backed Securities ETF (VMBS) is part of the MBS & ABS segment. MMSD's top 3 sector exposures are Municipal, Healthcare and Industrials. In contrast, VMBS's top sector exposures are Industrials, Finance and Government Agencies. MMSD is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.03% for VMBS. MMSD is up 1.46% year-to-date (YTD) with +$27M in YTD flows. VMBS performs worse with -0.68% YTD performance, and +$1.35B in YTD flows. Run a side-by-side ETF comparison of MMSD and VMBS 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 VMBS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MMSD VMBS	+0.21%-0.12%	+0.32%-0.80%	+1.46%-0.68%	+2.78%+2.26%	n/a+14.26%	n/a+0.65%
Flows	MMSD VMBS	+$5M+$362M	+$15M+$782M	+$27M+$1.35B	+$56M+$1.35B	--$782M	-+$2.94B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MMSD VMBS	+1.07%+4.30%	+1.11%+3.86%	n/a+5.51%	n/a+6.43%
Max drawdown	MMSD VMBS	-0.61%-1.66%	-1.25%-3.31%	n/a-5.52%	n/a-16.91%
Max drawdown duration	MMSD VMBS	36d64d	114d184d	n/a84d	n/a1459d

Trading data

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	MMSD	VMBS
Last sale 9/2/2026 at 1:30 PM	$25.18	$45.81
Previous close 09/01/2026	$25.18	$45.82
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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MMSD

is actively managed and doesn’t replicate an index

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	MMSD	VMBS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	MMSD	VMBS
Last price	$25.18	$45.81
1D performance	+0.00%	-0.02%
AuM	$83.02 M	$15.76 B
E/R	0.44%	0.03%

Characteristics

	MMSD	VMBS
Management strategy	Active	Passive
Provider	New York Life Investments	Vanguard
Benchmark	-	Bloomberg U.S. MBS Float Adjusted Index
N° of holdings	41	701
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	May 5, 2025	November 19, 2009
ESG	No	No

More MMSD data on Trackinsight

More VMBS data on Trackinsight

Exposure

Countries

MMSD

USA

24.97%

Other

75.03%

VMBS

USA

26.52%

Other

73.48%

Sectors

MMSD

Municipal

22.59%

Other

77.41%

VMBS

Industrials

26.09%

Other

73.91%

Diversification

MMSD

Total weight of top 15 holdings out of 15

19.67%

VMBS

Total weight of top 15 holdings out of 15

3.98%

Top 15 holdings

Data as of July 31, 2026

MMSD

US708692BV94

1.85%

US72342NAF24

1.51%

US118217CN67

1.32%

US84136HCT86

1.31%

US19648FJ393

1.29%

Black Belt Energy Gas District, 5% 1jun2031, USD (2026)

1.29%

Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)

1.28%

US63609YAA64

1.24%

New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)

1.24%

US360059AL37

1.23%

US59447UBB52

1.23%

US04785VCD47

1.23%

Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)

1.23%

San Jose (CA), 3.05% 1may2066, USD (2026A)

1.22%

US87972MCC47

1.22%

VMBS

US21H0526861

0.38%

G2 MB0025, 5% 20nov2054, USD (ABS)

0.29%

US3618N56H72

0.29%

US01F0506927

0.28%

US3618N6K636

0.27%

US3140Y9B864

0.27%

US3618N6BE68

0.27%

G2 MB0024, 4.5% 20nov2054, USD (ABS)

0.26%

US3132E0TL66

0.25%

US3142J6DY61

0.25%

US3618N6HU47

0.24%

FR SD8146, 2% 1may2051, USD (ABS)

0.24%

US3618N6FL65

0.23%

US3142J6C840

0.23%

FR RQ0056, 5.5% 1oct2055, USD (ABS)

0.22%

Frequently asked questions about MMSD and VMBS

How have the MMSD and VMBS ETFs performed in 2026?

As of September 1, 2026, MMSD is up 1.46% year-to-date (YTD), while VMBS has lost -0.68%. That puts MMSD better performer ahead so far this year.

Which ETF is attracting more investor money: MMSD or VMBS?

Year-to-date, the MMSD ETF saw +$27M in flows, compared to +$1.35B for VMBS.

Which ETF is more volatile: MMSD or VMBS?

Over the past year, MMSD had a volatility of 1.11%, while VMBS experienced 3.86%.

Which ETF is bigger: MMSD or VMBS?

As of September 1, 2026, MMSD holds $83.02 M in assets under management (AUM), while VMBS manages $15.76 B.

What sectors do the MMSD and VMBS ETFs invest in?

MMSD leans toward sectors like Municipal. Meanwhile, VMBS focuses on Industrials.

What are the top holdings of the MMSD ETF and VMBS ETF?

MMSD top holdings include US708692BV94, US72342NAF24 and US118217CN67. VMBS holds in its top three: US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72.

MMSDvsVMBSETF Comparison

NYLI MacKay Muni Short Duration ETF

Vanguard Mortgage-Backed Securities ETF

MMSD vs VMBS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the MMSD and VMBS ETFs performed in 2026?

As of September 1, 2026, MMSD is up 1.46% year-to-date (YTD), while VMBS has lost -0.68%. That puts MMSD better performer ahead so far this year.

Which ETF is attracting more investor money: MMSD or VMBS?

Year-to-date, the MMSD ETF saw +$27M in flows, compared to +$1.35B for VMBS.

Which ETF is more volatile: MMSD or VMBS?

Over the past year, MMSD had a volatility of 1.11%, while VMBS experienced 3.86%.

Which ETF is bigger: MMSD or VMBS?

As of September 1, 2026, MMSD holds $83.02 M in assets under management (AUM), while VMBS manages $15.76 B.

What sectors do the MMSD and VMBS ETFs invest in?

MMSD leans toward sectors like Municipal. Meanwhile, VMBS focuses on Industrials.

What are the top holdings of the MMSD ETF and VMBS ETF?

MMSD top holdings include US708692BV94, US72342NAF24 and US118217CN67. VMBS holds in its top three: US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72.

Which ETF is more diversified: MMSD or VMBS?

MMSD holds 155 securities with 19.67% of its assets in the top 15. VMBS has 5140 securities and a top 15 weight of 3.98%.

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