MUNIvsMMMAETF Comparison
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PIMCO Intermediate Municipal Bond Active ETF (MUNI) and NYLI MacKay Muni Allocation ETF (MMMA) belong to the same industry segment: Municipal Bonds. MUNI's top 2 sector exposures are Municipal and Sovereign. In contrast, MMMA's top sector exposures are Municipal. MUNI is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.69% for MMMA. MUNI is down -1.74% year-to-date (YTD) with +$1.06B in YTD flows. MMMA performs better with -0.2% YTD performance, and +$31M in YTD flows. Run a side-by-side ETF comparison of MUNI and MMMA 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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MUNI vs MMMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNI MMMA | -0.25%-0.49% | -2.84%-3.30% | -1.74%-0.20% | -1.19%n/a | +11.22%n/a | +3.35%n/a |
| Flows | MUNI MMMA | +$389M+$29M | +$492M+$30M | +$1.06B+$31M | +$1.29B- | +$2.49B- | +$2.92B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNI MMMA | +4.43%+5.86% | +2.75%n/a | +3.19%n/a | +3.12%n/a |
| Max drawdown | MUNI MMMA | -4.95%-5.97% | -5.76%n/a | -5.76%n/a | -10.90%n/a |
| Max drawdown duration | MUNI MMMA | 92d92d | 229dn/a | 229dn/a | 975dn/a |
Trading data
MUNI | MMMA | |
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
MUNI | MMMA | |
|---|---|---|
| Last price | $50.41 | – |
| 1D performance | +0.06% | – |
| AuM | $3.47 B | $56.92 M |
| E/R | 0.35% | 0.69% |
Characteristics
MUNI | MMMA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PIMCO | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 143 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 30, 2009 | December 16, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNI
USA
46.28%
Other
53.72%
MMMA
USA
42.81%
Other
57.19%
Sectors
MUNI
Municipal
42.7%
Other
57.3%
MMMA
Municipal
42.81%
Other
57.19%
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Diversification
MUNI
Total weight of top 15 holdings out of 15
15.11%
MMMA
Total weight of top 15 holdings out of 15
50.35%
Top 15 holdings
Data as of August 31, 2026
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%
US67756AH960
0.84%
New York Transitional Finance Authority, FRN 1nov2042, USD (2014)
0.84%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
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%
MMMA
US63877NPK71
4.24%
US8371516N47
3.80%
US544446BM85
3.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
3.57%
Illinois Toll Highway Authority, 5% 1jan2037, USD
3.52%
Chicago O'Hare International Airport, 5.5% 1jan2048, USD (2025E)
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%
Frequently asked questions about MUNI and MMMA
How have the MUNI and MMMA ETFs performed in 2026?
As of October 16, 2026, MUNI is down -1.74% year-to-date (YTD), while MMMA has lost -0.2%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MUNI or MMMA?
Year-to-date, the MUNI ETF saw +$1.06B in flows, compared to +$31M for MMMA.
Which ETF is bigger: MUNI or MMMA?
As of October 16, 2026, MUNI holds $3.47 B in assets under management (AUM), while MMMA manages $56.92 M.
What sectors do the MUNI and MMMA ETFs invest in?
MUNI leans toward sectors like Municipal. Meanwhile, MMMA focuses on Municipal.
What are the top holdings of the MUNI ETF and MMMA ETF?
MUNI top holdings include USA, Notes 4.25% 31jul2028, USD (BE-2028), US19648FJ880 and Black Belt Energy Gas District, 5% 1jan2034, USD (2026). MMMA holds in its top three: US63877NPK71, US8371516N47 and US544446BM85.
Which ETF is more diversified: MUNI or MMMA?
MUNI holds 351 securities with 15.11% of its assets in the top 15. MMMA has 49 securities and a top 15 weight of 50.35%.
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