IEI vs. MMIT
Compare and contrast key facts about iShares 3-7 Year Treasury Bond ETF (IEI) and IQ MacKay Municipal Intermediate ETF (MMIT).
IEI and MMIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. MMIT is an actively managed fund by New York Life. It was launched on Oct 18, 2017.
Performance
IEI vs. MMIT - Performance Comparison
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IEI vs. MMIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.05% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | -0.43% |
MMIT IQ MacKay Municipal Intermediate ETF | -0.05% | 5.03% | 1.46% | 5.42% | -7.40% | 1.55% | 6.17% | 7.49% | 2.41% | 0.43% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IEI at -0.05% and MMIT at -0.05%.
IEI
- 1D
- 0.14%
- 1M
- -1.49%
- YTD
- -0.05%
- 6M
- 1.02%
- 1Y
- 4.01%
- 3Y*
- 3.43%
- 5Y*
- 0.47%
- 10Y*
- 1.35%
MMIT
- 1D
- 0.20%
- 1M
- -2.19%
- YTD
- -0.05%
- 6M
- 1.26%
- 1Y
- 4.55%
- 3Y*
- 3.10%
- 5Y*
- 1.07%
- 10Y*
- —
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IEI vs. MMIT - Expense Ratio Comparison
IEI has a 0.15% expense ratio, which is lower than MMIT's 0.31% expense ratio.
Return for Risk
IEI vs. MMIT — Risk / Return Rank
IEI
MMIT
IEI vs. MMIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and IQ MacKay Municipal Intermediate ETF (MMIT). 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.
| IEI | MMIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.20 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.50 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.48 | +0.40 |
Martin ratioReturn relative to average drawdown | 6.05 | 5.23 | +0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEI | MMIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.20 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.30 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.60 | +0.11 |
Correlation
The correlation between IEI and MMIT is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IEI vs. MMIT - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.55%, less than MMIT's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | 3.26% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
MMIT IQ MacKay Municipal Intermediate ETF | 3.58% | 3.54% | 3.76% | 3.46% | 2.30% | 1.81% | 2.59% | 4.14% | 2.46% | 0.35% | 0.00% | 0.00% |
Drawdowns
IEI vs. MMIT - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, which is greater than MMIT's maximum drawdown of -12.28%. Use the drawdown chart below to compare losses from any high point for IEI and MMIT.
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Drawdown Indicators
| IEI | MMIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -12.28% | -2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -3.11% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | -12.28% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -2.19% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -2.29% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.88% | -0.20% |
Volatility
IEI vs. MMIT - Volatility Comparison
iShares 3-7 Year Treasury Bond ETF (IEI) has a higher volatility of 1.25% compared to IQ MacKay Municipal Intermediate ETF (MMIT) at 1.04%. This indicates that IEI's price experiences larger fluctuations and is considered to be riskier than MMIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEI | MMIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.04% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 1.65% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 3.80% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 3.53% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 4.33% | -0.40% |