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IQ MacKay Municipal Intermediate ETF

MMIT
ETF · Currency in USD
ISIN
US45409F8279
CUSIP
45409F827
Issuer
New York Life
Inception Date
Oct 18, 2017
Region
North America (U.S.)
Category
Municipal Bonds
Expense Ratio
0.31%
Index Tracked
No Index (Active)
ETF Home Page
www.etf.com
Asset Class
Bond

MMITPrice Chart


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MMITPerformance

The chart shows the growth of $10,000 invested in IQ MacKay Municipal Intermediate ETF on Oct 19, 2017 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,813 for a total return of roughly 18.13%. All prices are adjusted for splits and dividends.


MMIT (IQ MacKay Municipal Intermediate ETF)
Benchmark (S&P 500)

MMITReturns in periods

Returns over 1 year are annualized

PeriodReturn
1M-1.04%
6M-0.38%
YTD0.63%
1Y3.25%
5Y4.24%
10Y4.24%

MMITMonthly Returns Heatmap


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MMITSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current IQ MacKay Municipal Intermediate ETF Sharpe ratio is 1.67. A Sharpe ratio greater than 1.0 is considered acceptable.

The chart below displays rolling 12-month Sharpe Ratio.


MMIT (IQ MacKay Municipal Intermediate ETF)
Benchmark (S&P 500)

MMITDividends

IQ MacKay Municipal Intermediate ETF granted a 1.77% dividend yield in the last twelve months, as of Oct 23, 2021. The annual payout for that period amounted to $0.47 per share.


PeriodTTM2020201920182017
Dividend$0.47$0.69$1.07$0.62$0.09

Dividend yield

1.77%2.60%4.14%2.47%0.35%

MMITDrawdowns Chart

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


MMIT (IQ MacKay Municipal Intermediate ETF)
Benchmark (S&P 500)

MMITWorst Drawdowns

The table below shows the maximum drawdowns of the IQ MacKay Municipal Intermediate ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the IQ MacKay Municipal Intermediate ETF is 10.61%, recorded on Mar 23, 2020. It took 82 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-10.61%Mar 10, 202010Mar 23, 202082Jul 20, 202092
-1.98%Feb 12, 20219Feb 25, 202163May 26, 202172
-1.83%Feb 6, 20181Feb 6, 2018187Nov 1, 2018188
-1.68%Sep 5, 20199Sep 17, 201975Jan 3, 202084
-1.47%Aug 12, 202052Oct 23, 202019Nov 19, 202071
-1.33%Aug 4, 202156Oct 21, 2021
-1.21%Nov 15, 20181Nov 15, 201813Dec 6, 201814
-0.77%Nov 5, 20181Nov 5, 20185Nov 12, 20186
-0.5%Jan 7, 20194Jan 10, 201915Feb 1, 201919
-0.45%Jun 15, 20219Jun 25, 20217Jul 7, 202116

MMITVolatility Chart

Current IQ MacKay Municipal Intermediate ETF volatility is 1.68%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


MMIT (IQ MacKay Municipal Intermediate ETF)
Benchmark (S&P 500)

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