- Issuer
- NYLI
- Inception Date
- Dec 16, 2025
- Region
- North America (United States)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $28M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MMMA Performance Chart
NYLI MacKay Muni Allocation ETF (MMMA) is up 3.0% since the beginning of the year. MMMA is currently trading at $25 per share.
Loading charts...
Returns By Period
NYLI MacKay Muni Allocation ETF
- 1D
- -0.27%
- 1M
- 0.50%
- YTD
- 3.03%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
MMMA Monthly Returns History
Based on dividend-adjusted daily data since Dec 16, 2025, MMMA's average daily return is +0.03%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 86% of months were positive and 14% were negative. The best month was Feb 2026 with a return of +1.6%, while the worst month was Mar 2026 at -2.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, MMMA closed higher 65% of trading days. The best single day was Mar 23, 2026 with a return of +0.7%, while the worst single day was Mar 20, 2026 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.36% | 1.64% | -1.99% | 1.31% | 0.69% | 0.03% | 3.03% | ||||||
| 2025 | 0.33% | 0.33% |
Benchmark Metrics
NYLI MacKay Muni Allocation ETF has an annualized alpha of 5.23%, beta of 0.11, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since December 17, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.55%) than losses (4.74%) - typical of diversified or defensive assets.
- Beta of 0.11 may look defensive, but with R2 of 0.14 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.14 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.23%
- Beta
- 0.11
- R²
- 0.14
- Upside Capture
- 17.55%
- Downside Capture
- 4.74%
Expense Ratio
MMMA has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for NYLI MacKay Muni Allocation ETF (MMMA) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
NYLI MacKay Muni Allocation ETF provided a 1.96% dividend yield over the last twelve months, with an annual payout of $0.50 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.50 | $0.04 |
Dividend yield | 1.96% | 0.17% |
Monthly Dividends
The table displays the monthly dividend distributions for NYLI MacKay Muni Allocation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.10 | $0.08 | $0.09 | $0.09 | $0.10 | $0.00 | $0.45 | ||||||
| 2025 | $0.04 | $0.04 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the NYLI MacKay Muni Allocation 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 NYLI MacKay Muni Allocation ETF was 2.79%, occurring on Mar 24, 2026. Recovery took 48 trading sessions.
The current NYLI MacKay Muni Allocation ETF drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -2.79%Mar 2026 | 25d | 2mo 10d | 3mo 5dFeb 2026 - Jun 2026 |
2026 pullback2026 | -0.36%Jan 2026 | 0s | 5d | 5dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.31%Jan 2026 | 5d | 1d | 6dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.27%Jun 2026 | 0s | — | 2d 4hJun 2026 - now |
2026 pullback2026 | -0.24%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
Drawdown Indicators
| MMMA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.79% | -56.78% | +53.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.27% | -2.97% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -10.72% | +10.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MMMA
Add NYLI MacKay Muni Allocation ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MMMA