IQ MacKay California Municipal Intermediate ETF (MMCA) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MMCA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMCA
MMCA charges 0.36% annually. There are 119 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | MMCA vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | MMCA vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | MMCA vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | MMCA vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | MMCA vs TAXI |
Best Risk-Adjusted Alternatives to MMCA
MMCA has a PortfoliosLab risk / return rank of 70. There are 89 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 8.64M | Sep 2024 | MMCA vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | MMCA vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | MMCA vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | MMCA vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | MMCA vs MEAR |
Top Performing MMCA Alternatives (YTD)
MMCA is at 0.65% YTD. There are 128 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 4.35% | 18.13M | Oct 2020 | MMCA vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | MMCA vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | MMCA vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | MMCA vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | MMCA vs OVM |
Lowest Volatility Alternatives to MMCA
MMCA has 2.55% 1-year volatility. There are 60 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 33.31M | Sep 2025 | MMCA vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | MMCA vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | MMCA vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | MMCA vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | MMCA vs FUMB |
Lowest Drawdown Alternatives to MMCA
MMCA has a 1-year max drawdown of -3.01%. There are 86 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 245.94M | Nov 2018 | MMCA vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | MMCA vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | MMCA vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | MMCA vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | MMCA vs IBMO |
Other ETFs from IndexIQ
The 6 most viewed IndexIQ ETFs shown here include IQHI, WRND, IQRA and span 6 categories. AUM among these funds goes as high as $279M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| IQ MacKay ESG High Income ETF | High Yield Bonds | 71 | 2.33% | 113.42M | Oct 2022 | MMCA vs IQHI | |
| IQ Global Equity R&D Leaders ETF | Global Equities | 55 | 12.51% | 8.84M | Feb 2022 | MMCA vs WRND | |
| IQ CBRE Real Assets ETF | REIT | 53 | 11.40% | 6.52M | May 2023 | MMCA vs IQRA | |
| IQ U.S. Large Cap R&D Leaders ETF | Large Cap Blend Equities | 47 | 10.59% | 204.53M | Feb 2022 | MMCA vs LRND | |
| IQ MacKay ESG Core Plus Bond ETF | Intermediate Core-Plus Bond | — | — | 172.11M | Jun 2021 | MMCA vs ESGB | |
| IQ Candriam U.S. Mid Cap Equity ETF | Mid Cap Blend Equities | 58 | 14.43% | 278.74M | Oct 2022 | MMCA vs IQSM |
Often Compared With MMCA
Investors most often compare MMCA with DFCA, FCAL, NHMRX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare MMCA with Any Fund or Stock
Compare MMCA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMCA with funds that move differently
IQ MacKay California Municipal Intermediate ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMCA.
Explore MMCA Diversifiers