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.
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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 had a return of 1.31% year-to-date (YTD) and 3.30% in the last 12 months.
MMIT
1.31%
-0.27%
0.22%
3.30%
2.10%
N/A
^GSPC (Benchmark)
-13.73%
-13.15%
-11.77%
-1.42%
15.35%
9.37%
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% | 0.90% | 1.31% | ||||||||
| 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% | 0.44% | 1.39% | 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
With an overall rank of 83, MMIT is among the top 17% of ETFs on our website when it comes to balancing risk and reward. Below is 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 3.67% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.90 | $0.85 | $0.56 | $0.48 | $0.69 | $1.07 | $0.62 | $0.09 |
Dividend yield | 3.67% | 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 | $0.07 | $0.21 | ||||||||
| 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 483 trading sessions.
The current IQ MacKay Municipal Intermediate ETF drawdown is 0.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.28% | Jul 28, 2021 | 315 | Oct 25, 2022 | 483 | Sep 27, 2024 | 798 |
| -10.61% | Mar 10, 2020 | 10 | Mar 23, 2020 | 82 | Jul 20, 2020 | 92 |
| -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 |
| -1.96% | Oct 2, 2024 | 26 | Nov 6, 2024 | 18 | Dec 3, 2024 | 44 |
Volatility
Volatility Chart
The current IQ MacKay Municipal Intermediate ETF volatility is 1.04%, 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.
User Portfolios with MMIT
Recent discussions
Dividend Paying Stock Portfolio
4803heights
Drawdowns and Data
Hi what data sources do you guys use for different ETF, and Mutual Data? Also are drawdowns calculated daily or monthly?
Thank You
Bee Zee
Going forward performance roughly coinciding with historically optimized portfolios on this site?
I'm quite new to the site, but I am concerned that a portfolio optimized with past data may have no bearing at all on its future performance. Has anyone been around long enough to speak to this concern. Have you outperformed a relevant benchmark with actual invested money?
Also, if you've been here awhile, what tools on the site do you find most useful?
Thanks for reading!
Bob Peticolas