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IQ MacKay Municipal Insured ETF (MMIN)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

IssuerNew York Life
Inception DateOct 18, 2017
RegionNorth America (U.S.)
CategoryMunicipal Bonds
Index TrackedBloomberg Barclays Municipal All Insured Bond Index
Asset ClassBond

Expense Ratio

The IQ MacKay Municipal Insured ETF has a high expense ratio of 0.31%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.31%

Share Price Chart


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IQ MacKay Municipal Insured ETF

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in IQ MacKay Municipal Insured ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%20.00%40.00%60.00%80.00%100.00%OctoberNovemberDecember2024FebruaryMarch
15.51%
104.92%
MMIN (IQ MacKay Municipal Insured ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

IQ MacKay Municipal Insured ETF had a return of -0.36% year-to-date (YTD) and 4.10% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date-0.36%10.04%
1 month0.13%3.53%
6 months8.07%22.79%
1 year4.10%32.16%
5 years (annualized)1.71%13.15%
10 years (annualized)N/A10.96%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-0.12%-0.09%
2023-1.55%-3.23%-1.78%7.09%3.56%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
MMIN
IQ MacKay Municipal Insured ETF
0.73
^GSPC
S&P 500
2.76

Sharpe Ratio

The current IQ MacKay Municipal Insured ETF Sharpe ratio is 0.73. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
0.73
2.76
MMIN (IQ MacKay Municipal Insured ETF)
Benchmark (^GSPC)

Dividends

Dividend History

IQ MacKay Municipal Insured ETF granted a 3.81% dividend yield in the last twelve months. The annual payout for that period amounted to $0.93 per share.


PeriodTTM2023202220212020201920182017
Dividend$0.93$0.92$0.69$0.47$0.61$0.72$0.70$0.12

Dividend yield

3.81%3.73%2.93%1.72%2.21%2.75%2.78%0.47%

Monthly Dividends

The table displays the monthly dividend distributions for IQ MacKay Municipal Insured ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.08
2023$0.00$0.08$0.07$0.08$0.08$0.07$0.08$0.08$0.08$0.08$0.08$0.16
2022$0.00$0.04$0.04$0.05$0.05$0.06$0.05$0.06$0.06$0.07$0.07$0.15
2021$0.00$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.09
2020$0.00$0.09$0.05$0.06$0.05$0.06$0.05$0.05$0.05$0.04$0.04$0.07
2019$0.00$0.07$0.04$0.06$0.06$0.05$0.06$0.06$0.05$0.05$0.05$0.18
2018$0.00$0.06$0.06$0.06$0.06$0.06$0.06$0.05$0.07$0.06$0.06$0.09
2017$0.12

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-5.46%
0
MMIN (IQ MacKay Municipal Insured ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the IQ MacKay Municipal Insured ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the IQ MacKay Municipal Insured ETF was 16.87%, occurring on Oct 28, 2022. The portfolio has not yet recovered.

The current IQ MacKay Municipal Insured ETF drawdown is 5.46%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.87%Jul 28, 2021317Oct 28, 2022
-13.91%Mar 10, 20209Mar 20, 202078Jul 13, 202087
-8.85%May 17, 201848Nov 6, 2018174Aug 1, 2019222
-2.6%Feb 17, 20217Feb 25, 202172Jun 9, 202179
-2%Aug 11, 202052Oct 22, 202021Nov 20, 202073

Volatility

Volatility Chart

The current IQ MacKay Municipal Insured ETF volatility is 1.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
1.02%
2.82%
MMIN (IQ MacKay Municipal Insured ETF)
Benchmark (^GSPC)