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 a closer substitute for your current allocation.
Cheapest Alternatives to MMIT
MMIT charges 0.31% annually. There are 96 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | MMIT vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | MMIT vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | MMIT vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | MMIT vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | MMIT vs TAXI |
Best Risk-Adjusted Alternatives to MMIT
MMIT has a PortfoliosLab risk / return rank of 77. There are 71 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 8.64M | Sep 2024 | MMIT vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | MMIT vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | MMIT vs MYMF | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | MMIT vs AUSM | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | MMIT vs MEAR |
Top Performing MMIT Alternatives (YTD)
MMIT is at 1.61% YTD. There are 66 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.62% | 143.84M | Jun 2013 | MMIT vs RVNU | |
| Rareview Tax Advantaged Income ETF | 4.52% | 18.13M | Oct 2020 | MMIT vs RTAI | |
| First Trust Flexible Municipal High Income ETF | 3.99% | 20.73M | Sep 2016 | MMIT vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.96% | 25.42M | Nov 2025 | MMIT vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.88% | 30.60M | Sep 2019 | MMIT vs OVM |
Lowest Volatility Alternatives to MMIT
MMIT has 2.50% 1-year volatility. There are 58 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 33.31M | Sep 2025 | MMIT vs ZMUN | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | MMIT vs CALI | |
| State Street My2026 Municipal Bond ETF | 0.71% | 8.73M | Sep 2024 | MMIT vs MYMF | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | MMIT vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.79% | 245.94M | Nov 2018 | MMIT vs FUMB |
Lowest Drawdown Alternatives to MMIT
MMIT has a 1-year max drawdown of -2.59%. There are 58 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 245.94M | Nov 2018 | MMIT vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | MMIT vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | MMIT vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | MMIT vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | MMIT vs IBMO |
Other ETFs from New York Life
The 7 most viewed New York Life ETFs shown here include QAI, MNA, HFXI and span 5 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NYLI Hedge Multi-Strategy Tracker ETF | Long-Short | 81 | 8.27% | 762.37M | Mar 2009 | MMIT vs QAI | |
| IQ Merger Arbitrage ETF | Hedge Fund | 38 | 2.40% | 253.18M | Nov 2009 | MMIT vs MNA | |
| IQ 50 Percent Hedged FTSE International ETF | Foreign Large Cap Equities | 75 | 16.28% | 1.38B | Jul 2015 | MMIT vs HFXI | |
| IQ Candriam ESG International Equity ETF | Foreign Large Cap Equities | 43 | 10.38% | 220.96M | Dec 2019 | MMIT vs IQSI | |
| IQ MacKay Municipal Insured ETF | Municipal Bonds | 87 | 2.59% | 417.13M | Oct 2017 | MMIT vs MMIN | |
| IQ Candriam ESG U.S. Equity ETF | Large Cap Growth Equities | 69 | 13.96% | 280.56M | Dec 2019 | MMIT vs IQSU | |
| NYLI Winslow Focused Large Cap Growth ETF | Large Cap Growth Equities | 13 | 1.62% | 51.15M | Jun 2022 | MMIT vs IWFG |
Often Compared With MMIT
Investors most often compare MMIT with HMOP, IEI, XOMO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare MMIT with Any Fund or Stock
Compare MMIT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMIT with funds that move differently
IQ MacKay Municipal Intermediate ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMIT.
Explore MMIT Diversifiers