IBMQ vs. MMMA
IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both Municipal Bonds funds. IBMQ is passively managed, while MMMA is actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. IBMQ charges 0.18%/yr vs 0.35%/yr for MMMA.
Performance
IBMQ vs. MMMA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBMQ achieves a 0.90% return, which is significantly lower than MMMA's 2.42% return.
IBMQ
- 1D
- 0.04%
- 1M
- -0.16%
- 6M
- 0.41%
- YTD
- 0.90%
- 1Y
- 2.02%
- 3Y*
- 2.88%
- 5Y*
- 0.35%
- 10Y*
- —
- ALL TIME*
- 1.95%
MMMA
- 1D
- -0.10%
- 1M
- -1.54%
- 6M
- 1.05%
- YTD
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.97M | $1.98M | $1.89M | |
| $111.36K | $97.19K | $48.83K |
IBMQ vs. MMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 0.90% | 0.38% |
MMMA NYLI MacKay Muni Allocation ETF | 2.42% | 0.35% |
Correlation
The correlation between IBMQ and MMMA is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBMQ vs. MMMA — Risk / Return Rank
IBMQ
MMMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBMQ vs. MMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) and NYLI MacKay Muni Allocation ETF (MMMA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBMQ | MMMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | — | — |
| Martin ratioReturn relative to average drawdown | 5.46 | — | — |
Loading charts...
Drawdowns
IBMQ vs. MMMA - Drawdown Comparison
The maximum IBMQ drawdown since its inception was -15.85%, which is greater than MMMA's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for IBMQ and MMMA.
Loading charts...
Drawdown Indicators
| IBMQ | MMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -2.79% | -13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.45% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.65% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -0.60% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | — | — |
Volatility
IBMQ vs. MMMA - Volatility Comparison
Loading charts...
Volatility by Period
| IBMQ | MMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 4.04% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 4.04% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 4.04% | +1.45% |
IBMQ vs. MMMA - Expense Ratio Comparison
IBMQ has a 0.18% expense ratio, which is lower than MMMA's 0.35% expense ratio.
Dividends
IBMQ vs. MMMA - Dividend Comparison
IBMQ's dividend yield for the trailing twelve months is around 2.45%, less than MMMA's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 2.24% | 2.43% | 2.33% | 1.93% | 1.25% | 1.05% | 1.24% | 1.03% |
MMMA NYLI MacKay Muni Allocation ETF | 2.69% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBMQ and MMMA have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBMQ is cheaper with a 0.18% expense ratio, compared with 0.35% for MMMA.
MMMA has the higher dividend yield at 2.69%, compared with 2.24% for IBMQ.
They also come from different issuers: iShares and NYLI. Their fees differ too: 0.18% for IBMQ and 0.35% for MMMA.
Find the right allocation for IBMQ and MMMA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer