INTM vs. MMMA
INTM (Invesco Intermediate Municipal ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both Municipal Bonds funds. Both are actively managed. Their 0.40 correlation means their historical movements had little consistent relationship. Both charge a 0.35% expense ratio.
Performance
INTM vs. MMMA - Performance Comparison
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Returns By Period
In the year-to-date period, INTM achieves a 1.34% return, which is significantly lower than MMMA's 2.42% return.
INTM
- 1D
- 0.08%
- 1M
- -1.53%
- 6M
- 0.48%
- YTD
- 1.34%
- 1Y
- 5.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.00%
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) |
|---|---|---|---|
| $28.16K | $23.38K | $38.15K | |
| $111.36K | $97.19K | $48.83K |
INTM vs. MMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INTM Invesco Intermediate Municipal ETF | 1.34% | 0.49% |
MMMA NYLI MacKay Muni Allocation ETF | 2.42% | 0.35% |
Correlation
The correlation between INTM and MMMA is 0.40, 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 | 0.40 |
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Return for Risk
INTM vs. MMMA — Risk / Return Rank
INTM
MMMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INTM vs. MMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) 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.
| INTM | MMMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | — | — |
| Martin ratioReturn relative to average drawdown | 7.12 | — | — |
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Drawdowns
INTM vs. MMMA - Drawdown Comparison
The maximum INTM drawdown since its inception was -2.65%, smaller than the maximum MMMA drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for INTM and MMMA.
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Drawdown Indicators
| INTM | MMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.65% | -2.79% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -1.65% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -0.60% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | — | — |
Volatility
INTM vs. MMMA - Volatility Comparison
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Volatility by Period
| INTM | MMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 4.04% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.55% | 4.04% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 4.04% | -1.49% |
INTM vs. MMMA - Expense Ratio Comparison
Both INTM and MMMA have an expense ratio of 0.35%.
Dividends
INTM vs. MMMA - Dividend Comparison
INTM's dividend yield for the trailing twelve months is around 3.26%, more than MMMA's 2.69% yield.
| Position | TTM | 2025 |
|---|---|---|
INTM Invesco Intermediate Municipal ETF | 3.26% | 1.15% |
MMMA NYLI MacKay Muni Allocation ETF | 2.69% | 0.17% |
Frequently Asked Questions
INTM and MMMA have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
INTM and MMMA have the same expense ratio: 0.35% per year.
INTM has the higher dividend yield at 3.26%, compared with 2.69% for MMMA.
They also come from different issuers: Invesco and NYLI.
Find the right allocation for INTM and MMMA
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