IQ MacKay Municipal Intermediate ETF (MMIT) Alternatives

IQ MacKay Municipal Intermediate ETF (MMIT) 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 MMIT. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to MMIT

MMIT charges 0.31% annually. Among ETFs in the Municipal Bonds category, these options have the lowest expense ratios among MMIT alternatives.

Symbol	Name	Expense Ratio	Inception
SCMB	Schwab Municipal Bond ETF	0.03%	Oct 11, 2022	MMIT vs SCMB
FMUN	Fidelity Systematic Municipal Bond Index ETF	0.05%	Jul 11, 2019	MMIT vs FMUN
VTEB	Vanguard Tax-Exempt Bond ETF	0.05%	Aug 21, 2015	MMIT vs VTEB
CA	Xtrackers California Municipal Bond ETF	0.07%	Dec 13, 2023	MMIT vs CA
MUB	iShares National AMT-Free Muni Bond ETF	0.07%	Sep 7, 2007	MMIT vs MUB

Best Risk-Adjusted Alternatives to MMIT

Among ETFs in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	98	Jul 23, 2024	MMIT vs GUMI
FUMB	First Trust Ultra Short Duration Municipal ETF	97	Nov 1, 2018	MMIT vs FUMB
MEAR	iShares Short Maturity Municipal Bond ETF	97	Mar 3, 2015	MMIT vs MEAR
PUSH	PGIM Ultra Short Municipal Bond ETF	95	Jun 24, 2024	MMIT vs PUSH
CALI	iShares Short-Term California Muni Active ETF	95	Oct 4, 2007	MMIT vs CALI

Top Performing MMIT Alternatives (YTD)

MMIT alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
OVM	Overlay Shares Municipal Bond ETF	1.20%	Sep 30, 2019	MMIT vs OVM
RVNU	Xtrackers Municipal Infrastructure Revenue Bond ET...	1.00%	Jun 4, 2013	MMIT vs RVNU
ZTAX	X-Square Municipal Income Tax Free ETF	0.90%	May 18, 2023	MMIT vs ZTAX
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	0.72%	Jul 23, 2024	MMIT vs GUMI
FUMB	First Trust Ultra Short Duration Municipal ETF	0.64%	Nov 1, 2018	MMIT vs FUMB

Lowest Volatility Alternatives to MMIT

MMIT alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
IBMM	iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	Mar 20, 2018	MMIT vs IBMM
FUMB	First Trust Ultra Short Duration Municipal ETF	1.03%	Nov 1, 2018	MMIT vs FUMB
CALI	iShares Short-Term California Muni Active ETF	1.09%	Oct 4, 2007	MMIT vs CALI
AMUN	abrdn Ultra Short Municipal Income Active ETF	1.12%	Oct 20, 2025	MMIT vs AMUN
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	1.15%	Jul 23, 2024	MMIT vs GUMI

Lowest Drawdown Alternatives to MMIT

MMIT alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	-0.48%	Jul 23, 2024	MMIT vs GUMI
FUMB	First Trust Ultra Short Duration Municipal ETF	-0.60%	Nov 1, 2018	MMIT vs FUMB
CALI	iShares Short-Term California Muni Active ETF	-0.78%	Oct 4, 2007	MMIT vs CALI
PUSH	PGIM Ultra Short Municipal Bond ETF	-0.85%	Jun 24, 2024	MMIT vs PUSH
MEAR	iShares Short Maturity Municipal Bond ETF	-0.86%	Mar 3, 2015	MMIT vs MEAR

Other ETFs from New York Life

Most popular New York Life ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QAI	IQ Hedge Multi-Strategy Tracker ETF	Long-Short	80	1.82%	Mar 25, 2009	MMIT vs QAI
MNA	IQ Merger Arbitrage ETF	Hedge Fund	77	1.56%	Nov 17, 2009	MMIT vs MNA
HFXI	IQ 50 Percent Hedged FTSE International ETF	Foreign Large Cap Equities	85	3.78%	Jul 22, 2015	MMIT vs HFXI
IQSI	IQ Candriam ESG International Equity ETF	Foreign Large Cap Equities	65	0.46%	Dec 17, 2019	MMIT vs IQSI
IQSU	IQ Candriam ESG U.S. Equity ETF	Large Cap Growth Equities	44	-6.24%	Dec 17, 2019	MMIT vs IQSU
ULTR	IQ Ultra Short Duration ETF	Ultrashort Bond	—	—	Jul 31, 2019	MMIT vs ULTR
MMIN	IQ MacKay Municipal Insured ETF	Municipal Bonds	48	0.02%	Oct 18, 2017	MMIT vs MMIN
IWFG	NYLI Winslow Focused Large Cap Growth ETF	Large Cap Growth Equities	23	-13.11%	Jun 23, 2022	MMIT vs IWFG

Often Compared With MMIT

What investors most often compare with MMIT, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
HMOP	Hartford Municipal Opportunities ETF	Municipal Bonds, Actively Managed	60	-0.10%	Dec 13, 2017	MMIT vs HMOP
IEI	iShares 3-7 Year Treasury Bond ETF	Government Bonds	68	-0.05%	Jan 11, 2007	MMIT vs IEI
COMT	iShares Commodities Select Strategy ETF	Commodities, Actively Managed	89	35.81%	Oct 15, 2014	MMIT vs COMT
FAAR	First Trust Alternative Absolute Return Strategy E...	Commodities, Actively Managed	86	24.94%	May 18, 2016	MMIT vs FAAR
QCON	American Century Quality Convertible Securities ET...	Corporate Bonds, Actively Managed	—	—	Feb 16, 2021	MMIT vs QCON
JAGG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	Total Bond Market	57	0.11%	Dec 12, 2018	MMIT vs JAGG
SUB	iShares Short-Term National Muni Bond ETF	Municipal Bonds	92	0.23%	Nov 5, 2008	MMIT vs SUB
FTSD	Franklin Short Duration U.S. Government ETF	Mortgage Backed Securities, Actively Managed	97	0.40%	Nov 4, 2013	MMIT vs FTSD
MRNY	YieldMax MRNA Option Income Strategy ETF	Derivative Income, Dividend, Actively Managed	54	57.12%	Oct 23, 2023	MMIT vs MRNY
XOMO	YieldMax XOM Option Income Strategy ETF	Derivative Income, Actively Managed, Dividend	67	28.99%	Aug 30, 2023	MMIT vs XOMO
PDBC	Invesco Optimum Yield Diversified Commodity Strate...	Commodities, Actively Managed	85	30.72%	Nov 7, 2014	MMIT vs PDBC
DWAT	Arrow DWA Tactical ETF	Diversified Portfolio, Actively Managed	—	—	Oct 1, 2014	MMIT vs DWAT
VTES	Vanguard Short-Term Tax-Exempt Bond ETF Shares	Municipal Bonds	87	0.02%	Mar 8, 2023	MMIT vs VTES

Compare MMIT with Any Fund or Stock

Compare MMIT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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IQ MacKay Municipal Intermediate ETF

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