IQ MacKay Municipal Intermediate ETF (MMIT)
MMIT is an actively managed ETF by New York Life. MMIT launched on Oct 18, 2017 and has a 0.31% expense ratio.
ETF Info
ISIN | US45409F8279 |
---|---|
CUSIP | 45409F827 |
Issuer | New York Life |
Inception Date | Oct 18, 2017 |
Region | North America (U.S.) |
Category | Municipal Bonds, Actively Managed |
Index Tracked | No Index (Active) |
Asset Class | Bond |
Expense Ratio
The IQ MacKay Municipal Intermediate ETF has a high expense ratio of 0.31%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Popular comparisons: MMIT vs. IEI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in IQ MacKay Municipal Intermediate 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 Intermediate ETF had a return of -0.07% year-to-date (YTD) and 3.12% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.07% | 10.16% |
1 month | 0.10% | 3.47% |
6 months | 5.80% | 22.20% |
1 year | 3.12% | 30.45% |
5 years (annualized) | 1.94% | 13.16% |
10 years (annualized) | N/A | 10.89% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.16% | 0.16% | ||||||||||
2023 | -0.93% | -1.87% | -0.59% | 4.26% | 2.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for IQ MacKay Municipal Intermediate ETF (MMIT) 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 Intermediate ETF | 0.94 | ||||
S&P 500 | 2.79 |
Dividends
Dividend History
IQ MacKay Municipal Intermediate ETF granted a 3.57% dividend yield in the last twelve months. The annual payout for that period amounted to $0.87 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|---|---|
Dividend | $0.87 | $0.85 | $0.56 | $0.48 | $0.69 | $1.07 | $0.62 | $0.09 |
Dividend yield | 3.57% | 3.46% | 2.30% | 1.81% | 2.59% | 4.14% | 2.46% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for IQ MacKay Municipal Intermediate 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 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.15 |
2022 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.13 |
2021 | $0.00 | $0.05 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.15 |
2020 | $0.00 | $0.10 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 |
2019 | $0.00 | $0.08 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.47 |
2018 | $0.00 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.08 |
2017 | $0.09 |
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 Intermediate 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 Intermediate ETF was 12.28%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current IQ MacKay Municipal Intermediate ETF drawdown is 2.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-12.28% | Jul 20, 2021 | 320 | Oct 25, 2022 | — | — | — |
-10.61% | Mar 10, 2020 | 10 | Mar 23, 2020 | 82 | Jul 20, 2020 | 92 |
-1.98% | Feb 12, 2021 | 9 | Feb 25, 2021 | 63 | May 26, 2021 | 72 |
-1.68% | Sep 5, 2019 | 9 | Sep 17, 2019 | 75 | Jan 3, 2020 | 84 |
-1.48% | Aug 12, 2020 | 52 | Oct 23, 2020 | 19 | Nov 19, 2020 | 71 |
Volatility
Volatility Chart
The current IQ MacKay Municipal Intermediate ETF volatility is 0.64%, 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.