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 93 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 45.70B | Aug 2015 | MMIT vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | MMIT vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | MMIT vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | MMIT vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | MMIT vs TAXS |
Best Risk-Adjusted Alternatives to MMIT
MMIT has a PortfoliosLab risk / return rank of 70. There are 61 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 | 9.88M | Sep 2024 | MMIT vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | MMIT vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | MMIT vs MEAR | |
| First Trust Ultra Short Duration Municipal ETF | 95 | 230.57M | Nov 2018 | MMIT vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | MMIT vs BSMR |
Top Performing MMIT Alternatives (YTD)
MMIT is at 1.40% YTD. There are 55 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 3.96% | 30.60M | Sep 2019 | MMIT vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.71% | 138.42M | Jun 2013 | MMIT vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.33% | 18.90M | Sep 2016 | MMIT vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.33% | 25.30M | Nov 2025 | MMIT vs THYM | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | MMIT vs HYMB |
Lowest Volatility Alternatives to MMIT
MMIT has 2.53% 1-year volatility. There are 59 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | MMIT vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | MMIT vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | MMIT vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | MMIT vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | MMIT vs MYMF |
Lowest Drawdown Alternatives to MMIT
MMIT has a 1-year max drawdown of -2.59%. There are 59 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% | 230.57M | Nov 2018 | MMIT vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | MMIT vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | MMIT vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | MMIT vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | MMIT vs GUMI |
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 | |
|---|---|---|---|---|---|---|---|
| IQ Hedge Multi-Strategy Tracker ETF | Long-Short | 85 | 9.07% | 762.37M | Mar 2009 | MMIT vs QAI | |
| IQ Merger Arbitrage ETF | Hedge Fund | 32 | 1.26% | 253.18M | Nov 2009 | MMIT vs MNA | |
| IQ 50 Percent Hedged FTSE International ETF | Foreign Large Cap Equities | 71 | 17.13% | 1.38B | Jul 2015 | MMIT vs HFXI | |
| IQ Candriam ESG International Equity ETF | Foreign Large Cap Equities | 35 | 9.26% | 220.96M | Dec 2019 | MMIT vs IQSI | |
| IQ MacKay Municipal Insured ETF | Municipal Bonds | 74 | 2.32% | 417.13M | Oct 2017 | MMIT vs MMIN | |
| IQ Candriam ESG U.S. Equity ETF | Large Cap Growth Equities | 61 | 13.06% | 280.56M | Dec 2019 | MMIT vs IQSU | |
| NYLI Winslow Focused Large Cap Growth ETF | Large Cap Growth Equities | 19 | 2.08% | 51.15M | Jun 2022 | MMIT vs IWFG |
Often Compared With MMIT
Investors most often compare MMIT with HMOP, IEI, CALI. These 20 comparison targets span 9 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