IQ MacKay Municipal Insured ETF (MMIN) 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 MMIN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMIN
MMIN charges 0.31% annually. There are 96 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 | MMIN vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | MMIN vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | MMIN vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | MMIN vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | MMIN vs TAXI |
Best Risk-Adjusted Alternatives to MMIN
MMIN has a PortfoliosLab risk / return rank of 87. There are 24 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 | MMIN vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | MMIN vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | MMIN vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | MMIN vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | MMIN vs MEAR |
Top Performing MMIN Alternatives (YTD)
MMIN is at 2.23% YTD. There are 24 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 | MMIN vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | MMIN vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | MMIN vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | MMIN vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | MMIN vs OVM |
Lowest Volatility Alternatives to MMIN
MMIN has 3.57% 1-year volatility. There are 111 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 | MMIN vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | MMIN vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | MMIN vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | MMIN vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | MMIN vs FUMB |
Lowest Drawdown Alternatives to MMIN
MMIN has a 1-year max drawdown of -2.87%. There are 79 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 | MMIN vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | MMIN vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | MMIN vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | MMIN vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | MMIN vs IBMO |
Other ETFs from New York Life
The 7 most viewed New York Life ETFs shown here include QAI, MNA, HFXI and span 5 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NYLI Hedge Multi-Strategy Tracker ETF | Long-Short | 77 | 7.70% | 762.37M | Mar 2009 | MMIN vs QAI | |
| IQ Merger Arbitrage ETF | Hedge Fund | 38 | 2.03% | 253.18M | Nov 2009 | MMIN vs MNA | |
| IQ 50 Percent Hedged FTSE International ETF | Foreign Large Cap Equities | 73 | 15.10% | 1.38B | Jul 2015 | MMIN vs HFXI | |
| IQ Candriam ESG International Equity ETF | Foreign Large Cap Equities | 44 | 10.10% | 220.96M | Dec 2019 | MMIN vs IQSI | |
| IQ Candriam ESG U.S. Equity ETF | Large Cap Growth Equities | 68 | 13.39% | 280.56M | Dec 2019 | MMIN vs IQSU | |
| IQ MacKay Municipal Intermediate ETF | Municipal Bonds | 76 | 1.32% | 1.46B | Oct 2017 | MMIN vs MMIT | |
| NYLI Winslow Focused Large Cap Growth ETF | Large Cap Growth Equities | 11 | -0.21% | 51.15M | Jun 2022 | MMIN vs IWFG |
Often Compared With MMIN
Investors most often compare MMIN with ACTHX, ZTAX, JMUB. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare MMIN with Any Fund or Stock
Compare MMIN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMIN with funds that move differently
IQ MacKay Municipal Insured ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMIN.
Explore MMIN Diversifiers