Screener
MMCA vs MMIT
NYLI MacKay California Muni Intermediate ETF vs NYLI MacKay Muni Intermediate ETF
Key differences
Both MMCA and MMIT are fixed income ETFs. MMCA charges 0.36% a year and MMIT 0.30%. The main difference: MMCA follows a active selection strategy; MMIT uses index tracking.
- MMCA follows a active selection strategy; MMIT uses index tracking.
- MMIT costs 0.06% less per year.
- MMIT is much larger than MMCA. Larger funds are usually more liquid and less likely to close.
Side-by-side comparison
| MMCA | MMIT | |
|---|---|---|
| Annual cost (TER) | 0.36% | 0.30% |
| Fund size (AUM) | $88M | $1.5B |
| Since | 2021 | 2017 |
| Dividend yield | 3.58% | 3.89% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | active selection | index tracking |
| CAGR 1Y | +6.3% | +6.3% |
| CAGR 3Y | +4.1% | +3.8% |
| CAGR 5Y | N/A | +1.2% |
| Sharpe 3Y | 0.18 | 0.07 |
| Volatility 1Y | 2.59% | 2.54% |
| Max drawdown | -15.97% | -12.28% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.