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
Oct 18, 2017
North America (U.S.)
1x
Bloomberg Barclays Municipal All Insured Bond Index
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 1.91% year-to-date (YTD) and 6.75% in the last 12 months.
MMIN
1.91%
0.38%
3.45%
6.75%
1.27%
N/A
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of MMIN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.12% | -0.09% | -0.20% | -1.48% | 0.08% | 1.27% | 1.33% | 0.33% | 1.65% | -1.64% | 1.91% | ||
| 2023 | 3.62% | -2.65% | 2.56% | -0.05% | -0.75% | 0.88% | 0.02% | -1.55% | -3.23% | -1.77% | 7.09% | 3.56% | 7.46% |
| 2022 | -2.73% | -0.66% | -3.48% | -3.42% | 1.42% | -2.58% | 2.94% | -3.07% | -4.44% | -1.23% | 6.34% | -0.38% | -11.20% |
| 2021 | 0.45% | -2.06% | 0.64% | 1.05% | 0.41% | 0.38% | 0.82% | -0.39% | -0.88% | -0.08% | 1.01% | 0.04% | 1.35% |
| 2020 | 1.96% | 1.42% | -1.78% | -1.84% | 3.94% | 0.39% | 1.69% | -0.45% | -0.12% | -0.25% | 1.55% | 0.84% | 7.47% |
| 2019 | 0.45% | 0.76% | 1.63% | 0.31% | 1.51% | 0.51% | 0.89% | 1.87% | -0.85% | 0.22% | 0.14% | 0.38% | 8.08% |
| 2018 | -0.95% | 0.77% | 0.19% | -0.40% | 0.11% | 0.52% | 0.36% | -0.50% | -0.59% | 0.83% | 1.88% | 2.21% | |
| 2017 | -0.04% | -0.16% | 1.17% | 0.96% |
Expense Ratio
MMIN features an expense ratio of 0.31%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MMIN is 46, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
IQ MacKay Municipal Insured ETF provided a 3.93% dividend yield over the last twelve months, with an annual payout of $0.95 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.92 | $0.70 | $0.47 | $0.61 | $0.72 | $0.70 | $0.12 |
Dividend yield | 3.93% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.80 | |
| 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 | $0.92 |
| 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 | $0.70 |
| 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 | $0.47 |
| 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 | $0.61 |
| 2019 | $0.00 | $0.07 | $0.04 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.18 | $0.72 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.09 | $0.70 | |
| 2017 | $0.12 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 16.86%, occurring on Oct 28, 2022. The portfolio has not yet recovered.
The current IQ MacKay Municipal Insured ETF drawdown is 3.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.86% | Jul 28, 2021 | 318 | 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 | 155 | Aug 1, 2019 | 203 |
| -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 1.95%, 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.