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