IQ MacKay Municipal Insured ETF (MMIN)
MMIN is a passive ETF by New York Life tracking the investment results of the Bloomberg Barclays Municipal All Insured Bond Index. MMIN launched on Oct 18, 2017 and has a 0.31% expense ratio.
ETF Info
Issuer | New York Life |
---|---|
Inception Date | Oct 18, 2017 |
Region | North America (U.S.) |
Category | Municipal Bonds |
Index Tracked | Bloomberg Barclays Municipal All Insured Bond Index |
Asset Class | Bond |
Expense Ratio
The IQ MacKay Municipal Insured ETF has a high expense ratio of 0.31%, indicating higher-than-average management fees.
Share Price Chart
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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.
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.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.36% | 10.04% |
1 month | 0.13% | 3.53% |
6 months | 8.07% | 22.79% |
1 year | 4.10% | 32.16% |
5 years (annualized) | 1.71% | 13.15% |
10 years (annualized) | N/A | 10.96% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
IQ MacKay Municipal Insured ETF | 0.73 | ||||
S&P 500 | 2.76 |
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.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|---|---|
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.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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, 2021 | 317 | Oct 28, 2022 | — | — | — |
-13.91% | Mar 10, 2020 | 9 | Mar 20, 2020 | 78 | Jul 13, 2020 | 87 |
-8.85% | May 17, 2018 | 48 | Nov 6, 2018 | 174 | Aug 1, 2019 | 222 |
-2.6% | Feb 17, 2021 | 7 | Feb 25, 2021 | 72 | Jun 9, 2021 | 79 |
-2% | Aug 11, 2020 | 52 | Oct 22, 2020 | 21 | Nov 20, 2020 | 73 |
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.