NYLI MacKay Muni Short Duration ETF (MMSD) 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 MMSD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MMSD
MMSD charges 0.25% annually. There are 63 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 | MMSD vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | MMSD vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | MMSD vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | MMSD vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | MMSD vs TAXI |
Best Risk-Adjusted Alternatives to MMSD
MMSD has a PortfoliosLab risk / return rank of 83. There are 43 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 8.64M | Sep 2024 | MMSD vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | MMSD vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | MMSD vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | MMSD vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | MMSD vs MEAR |
Top Performing MMSD Alternatives (YTD)
MMSD is at 1.41% YTD. There are 68 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Rareview Tax Advantaged Income ETF | 4.35% | 18.13M | Oct 2020 | MMSD vs RTAI | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.29% | 143.84M | Jun 2013 | MMSD vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.78% | 20.73M | Sep 2016 | MMSD vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.74% | 25.42M | Nov 2025 | MMSD vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.62% | 30.60M | Sep 2019 | MMSD vs OVM |
Lowest Volatility Alternatives to MMSD
MMSD has 1.80% 1-year volatility. There are 39 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 | MMSD vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.70% | 8.73M | Sep 2024 | MMSD vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | MMSD vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | MMSD vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.81% | 245.94M | Nov 2018 | MMSD vs FUMB |
Lowest Drawdown Alternatives to MMSD
MMSD has a 1-year max drawdown of -1.35%. There are 26 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 | MMSD vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | MMSD vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | MMSD vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | MMSD vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | MMSD vs IBMO |
Other ETFs from NYLI
The 3 most viewed NYLI ETFs shown here include CPLB, IWLG, MMMA and span 3 categories. AUM among these funds goes as high as $629M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NYLI MacKay Core Plus Bond ETF | Intermediate Core-Plus Bond | 47 | 0.81% | 306.67M | Jun 2021 | MMSD vs CPLB | |
| NYLI Winslow Large Cap Growth ETF | Large Cap Growth Equities | 16 | 2.42% | 629.05M | Jun 2022 | MMSD vs IWLG | |
| NYLI MacKay Muni Allocation ETF | Municipal Bonds | — | 3.18% | 27.55M | Dec 2025 | MMSD vs MMMA |
Often Compared With MMSD
Investors most often compare MMSD with SECR, PUSH, COM. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare MMSD with Any Fund or Stock
Compare MMSD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MMSD with funds that move differently
NYLI MacKay Muni Short Duration ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMSD.
Explore MMSD Diversifiers