IQSU vs. MMIN
IQSU (IQ Candriam ESG U.S. Equity ETF) and MMIN (IQ MacKay Municipal Insured ETF) are both exchange-traded funds - IQSU is a Large Cap Growth Equities fund tracking the IQ Candriam ESG US Equity Index, while MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index. Both are passively managed. Over the past 5 years, IQSU returned 11.42%/yr vs 0.30%/yr for MMIN. Their 0.10 correlation means their historical movements had little consistent relationship. IQSU charges 0.09%/yr vs 0.31%/yr for MMIN.
Performance
IQSU vs. MMIN - Performance Comparison
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Returns By Period
In the year-to-date period, IQSU achieves a 12.56% return, which is significantly higher than MMIN's 1.04% return.
IQSU
- 1D
- 0.74%
- 1M
- -0.97%
- 6M
- 11.18%
- YTD
- 12.56%
- 1Y
- 26.07%
- 3Y*
- 16.79%
- 5Y*
- 11.42%
- 10Y*
- —
- ALL TIME*
- 15.73%
MMIN
- 1D
- -0.06%
- 1M
- -1.99%
- 6M
- 0.15%
- YTD
- 1.04%
- 1Y
- 6.73%
- 3Y*
- 3.41%
- 5Y*
- 0.30%
- 10Y*
- —
- ALL TIME*
- 2.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $149.00K | $251.27K | $317.14K | |
| $2.09M | $1.90M | $1.85M |
IQSU vs. MMIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSU IQ Candriam ESG U.S. Equity ETF | 12.56% | 14.44% | 16.64% | 32.96% | -22.10% | 30.53% | 28.24% | 0.98% |
MMIN IQ MacKay Municipal Insured ETF | 1.04% | 4.65% | 0.93% | 7.45% | -11.20% | 1.35% | 7.47% | 0.16% |
Correlation
The correlation between IQSU and MMIN is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2019 | 0.10 |
The correlation between IQSU and MMIN shifts across timeframes, from 0.10 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IQSU vs. MMIN — Risk / Return Rank
IQSU
MMIN
IQSU vs. MMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Candriam ESG U.S. Equity ETF (IQSU) and IQ MacKay Municipal Insured ETF (MMIN). 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.
| IQSU | MMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.63 | -0.44 |
| Martin ratioReturn relative to average drawdown | 8.63 | 9.23 | -0.60 |
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Drawdowns
IQSU vs. MMIN - Drawdown Comparison
The maximum IQSU drawdown since its inception was -31.29%, which is greater than MMIN's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for IQSU and MMIN.
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Drawdown Indicators
| IQSU | MMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -16.87% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -2.87% | -8.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -5.82% | -15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.76% | -16.81% | -9.95% |
Current DrawdownCurrent decline from peak | -2.02% | -2.06% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.26% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 0.82% | +2.01% |
Volatility
IQSU vs. MMIN - Volatility Comparison
IQ Candriam ESG U.S. Equity ETF (IQSU) has a higher volatility of 4.47% compared to IQ MacKay Municipal Insured ETF (MMIN) at 1.17%. This indicates that IQSU's price experiences larger fluctuations and is considered to be riskier than MMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSU | MMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.17% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 2.71% | +8.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 3.59% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 5.05% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 6.93% | +13.69% |
IQSU vs. MMIN - Expense Ratio Comparison
IQSU has a 0.09% expense ratio, which is lower than MMIN's 0.31% expense ratio.
Dividends
IQSU vs. MMIN - Dividend Comparison
IQSU's dividend yield for the trailing twelve months is around 0.99%, less than MMIN's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IQSU IQ Candriam ESG U.S. Equity ETF | 0.99% | 1.09% | 1.12% | 1.15% | 1.47% | 1.07% | 0.98% | 0.00% | 0.00% | 0.00% |
MMIN IQ MacKay Municipal Insured ETF | 4.07% | 4.07% | 3.96% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% |
Frequently Asked Questions
IQSU and MMIN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQSU has higher volatility (4.47%) compared to MMIN (1.17%). In terms of maximum drawdown, IQSU dropped -31.29% vs MMIN's -16.87%.
On 5-year performance, IQSU leads with 11.42% vs 0.30% for MMIN. On fees, IQSU is cheaper at 0.09% per year. On volatility, MMIN has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IQSU has performed better with a 11.42% return vs 0.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQSU is cheaper with a 0.09% expense ratio, compared with 0.31% for MMIN.
MMIN has the higher dividend yield at 4.07%, compared with 0.99% for IQSU.
IQSU is categorized as Large Cap Growth Equities, while MMIN is Municipal Bonds. IQSU tracks IQ Candriam ESG US Equity Index, while MMIN tracks Bloomberg Barclays Municipal All Insured Bond Index. Their fees differ too: 0.09% for IQSU and 0.31% for MMIN.
MMIN currently has the higher Sharpe Ratio (2.11 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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