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
US45409F8279
45409F827
Oct 18, 2017
North America (U.S.)
1x
No Index (Active)
Expense Ratio
MMIT has an expense ratio of 0.31%, placing it in the medium range.
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 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 (MMIT) returned 0.02% year-to-date (YTD) and 2.04% over the past 12 months.
MMIT
0.02%
-1.27%
-0.32%
2.04%
1.55%
N/A
^GSPC (Benchmark)
-3.93%
11.36%
-1.09%
10.19%
14.74%
10.35%
Monthly Returns
The table below presents the monthly returns of MMIT, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.67% | 1.13% | -1.37% | -0.18% | -0.21% | 0.02% | |||||||
| 2024 | -0.16% | 0.16% | -0.07% | -0.87% | -0.10% | 1.08% | 1.06% | 0.61% | 1.02% | -1.24% | 1.22% | -1.22% | 1.47% |
| 2023 | 2.57% | -2.02% | 1.94% | -0.03% | -0.74% | 0.71% | 0.13% | -0.93% | -1.87% | -0.59% | 4.26% | 2.06% | 5.42% |
| 2022 | -2.63% | -0.40% | -2.57% | -2.49% | 1.05% | -1.52% | 2.43% | -2.04% | -3.42% | -0.50% | 4.62% | 0.11% | -7.40% |
| 2021 | 0.70% | -1.26% | 0.65% | 0.78% | 0.25% | 0.12% | 0.56% | -0.20% | -0.69% | -0.12% | 0.61% | 0.15% | 1.55% |
| 2020 | 2.01% | 1.08% | -2.91% | -1.70% | 3.39% | 0.72% | 1.77% | -0.35% | 0.03% | -0.24% | 1.41% | 0.95% | 6.17% |
| 2019 | 0.40% | 0.91% | 1.37% | 0.48% | 1.34% | 0.66% | 0.73% | 1.81% | -0.84% | 0.14% | 0.14% | 0.13% | 7.49% |
| 2018 | 1.23% | 1.60% | 2.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MMIT is 53, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for IQ MacKay Municipal Intermediate ETF (MMIT) 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 Intermediate ETF provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.90 | $0.85 | $0.56 | $0.48 | $0.69 | $1.07 | $0.62 | $0.09 |
Dividend yield | 3.72% | 3.76% | 3.46% | 2.30% | 1.81% | 2.59% | 4.14% | 2.46% | 0.00% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.07 | $0.07 | $0.15 | $0.00 | $0.29 | |||||||
| 2024 | $0.00 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.13 | $0.90 |
| 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 | $0.85 |
| 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 | $0.56 |
| 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 | $0.48 |
| 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 | $0.69 |
| 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 | $1.07 |
| 2018 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.07 | $0.62 | |
| 2017 | $0.09 | $0.09 |
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 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. Recovery took 482 trading sessions.
The current IQ MacKay Municipal Intermediate ETF drawdown is 1.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.28% | Jul 20, 2021 | 321 | Oct 25, 2022 | 482 | Sep 27, 2024 | 803 |
| -10.61% | Mar 10, 2020 | 10 | Mar 23, 2020 | 82 | Jul 20, 2020 | 92 |
| -3.65% | Mar 4, 2025 | 29 | Apr 11, 2025 | — | — | — |
| -2.12% | Dec 9, 2024 | 22 | Jan 10, 2025 | 33 | Feb 28, 2025 | 55 |
| -1.98% | Feb 12, 2021 | 9 | Feb 25, 2021 | 63 | May 26, 2021 | 72 |
Volatility
Volatility Chart
The current IQ MacKay Municipal Intermediate ETF volatility is 2.92%, 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.