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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMIN or ACTHX.
Performance
MMIN vs. ACTHX - Performance Comparison
Returns By Period
In the year-to-date period, MMIN achieves a 1.91% return, which is significantly lower than ACTHX's 5.53% return.
MMIN
1.91%
0.38%
3.45%
6.75%
1.27%
N/A
ACTHX
5.53%
0.20%
5.30%
11.26%
1.18%
3.42%
Key characteristics
| MMIN | ACTHX | |
|---|---|---|
| Sharpe Ratio | 1.47 | 2.33 |
| Sortino Ratio | 2.17 | 3.56 |
| Omega Ratio | 1.28 | 1.57 |
| Calmar Ratio | 0.75 | 0.82 |
| Martin Ratio | 6.18 | 11.30 |
| Ulcer Index | 1.16% | 1.03% |
| Daily Std Dev | 4.87% | 5.00% |
| Max Drawdown | -16.86% | -27.29% |
| Current Drawdown | -3.29% | -4.37% |
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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.
Correlation
The correlation between MMIN and ACTHX is 0.58, 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.
Risk-Adjusted Performance
MMIN vs. ACTHX - Risk-Adjusted Performance 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.
Dividends
MMIN vs. ACTHX - Dividend Comparison
MMIN's dividend yield for the trailing twelve months is around 3.93%, less than ACTHX's 5.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMIN IQ MacKay Municipal Insured ETF | 3.93% | 3.73% | 2.93% | 1.72% | 2.21% | 2.75% | 2.78% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% |
ACTHX Invesco High Yield Municipal Fund | 5.13% | 5.06% | 4.73% | 3.95% | 4.30% | 4.32% | 4.75% | 4.72% | 5.17% | 4.99% | 5.21% | 5.91% |
Drawdowns
MMIN vs. ACTHX - Drawdown Comparison
The maximum MMIN drawdown since its inception was -16.86%, 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. For additional features, visit the drawdowns tool.
Volatility
MMIN vs. ACTHX - Volatility Comparison
IQ MacKay Municipal Insured ETF (MMIN) and Invesco High Yield Municipal Fund (ACTHX) have volatilities of 1.95% and 2.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.