MMIN vs. ACTHX
Compare and contrast key facts about IQ MacKay Municipal Insured ETF (MMIN) and Invesco High Yield Municipal Fund (ACTHX).
MMIN is a passively managed fund by New York Life that tracks the performance of the Bloomberg Barclays Municipal All Insured Bond Index. It was launched on Oct 18, 2017. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Performance
MMIN vs. ACTHX - Performance Comparison
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MMIN vs. ACTHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMIN IQ MacKay Municipal Insured ETF | 0.02% | 4.65% | 0.93% | 7.45% | -11.20% | 1.35% | 7.47% | 8.08% | 1.97% | 1.20% |
ACTHX Invesco High Yield Municipal Fund | -0.69% | 4.38% | 5.54% | 4.34% | -13.94% | 6.29% | 3.25% | 10.12% | 1.44% | 1.38% |
Returns By Period
In the year-to-date period, MMIN achieves a 0.02% return, which is significantly higher than ACTHX's -0.69% return.
MMIN
- 1D
- 0.26%
- 1M
- -2.33%
- YTD
- 0.02%
- 6M
- 1.92%
- 1Y
- 4.95%
- 3Y*
- 3.15%
- 5Y*
- 0.62%
- 10Y*
- —
ACTHX
- 1D
- 0.37%
- 1M
- -2.63%
- YTD
- -0.69%
- 6M
- 0.53%
- 1Y
- 2.42%
- 3Y*
- 3.60%
- 5Y*
- 0.51%
- 10Y*
- 2.70%
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MMIN vs. ACTHX - Expense Ratio Comparison
MMIN has a 0.31% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Return for Risk
MMIN vs. ACTHX — Risk / Return Rank
MMIN
ACTHX
MMIN vs. ACTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and Invesco High Yield Municipal Fund (ACTHX). 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.
| MMIN | ACTHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.56 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.82 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.61 | +0.65 |
Martin ratioReturn relative to average drawdown | 3.49 | 1.70 | +1.78 |
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
| MMIN | ACTHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.56 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.09 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 1.09 | -0.74 |
Correlation
The correlation between MMIN and ACTHX is 0.60, 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
MMIN vs. ACTHX - Dividend Comparison
MMIN's dividend yield for the trailing twelve months is around 4.48%, less than ACTHX's 5.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMIN IQ MacKay Municipal Insured ETF | 4.48% | 4.07% | 3.96% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% | 0.00% | 0.00% |
ACTHX Invesco High Yield Municipal Fund | 5.44% | 7.14% | 5.64% | 4.22% | 4.72% | 3.95% | 4.33% | 4.70% | 4.78% | 4.71% | 5.11% | 4.93% |
Drawdowns
MMIN vs. ACTHX - Drawdown Comparison
The maximum MMIN drawdown since its inception was -16.87%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for MMIN and ACTHX.
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Drawdown Indicators
| MMIN | ACTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.87% | -27.29% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -6.45% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.87% | -19.83% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.83% | — |
Current DrawdownCurrent decline from peak | -2.33% | -2.63% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.57% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.32% | -0.81% |
Volatility
MMIN vs. ACTHX - Volatility Comparison
IQ MacKay Municipal Insured ETF (MMIN) has a higher volatility of 1.54% compared to Invesco High Yield Municipal Fund (ACTHX) at 1.24%. This indicates that MMIN's price experiences larger fluctuations and is considered to be riskier than ACTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMIN | ACTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.24% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.21% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 6.89% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 5.67% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 5.36% | +1.67% |