MMIN vs. HFXI
Compare and contrast key facts about IQ MacKay Municipal Insured ETF (MMIN) and IQ 50 Percent Hedged FTSE International ETF (HFXI).
MMIN and HFXI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. Both MMIN and HFXI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MMIN vs. HFXI - Performance Comparison
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MMIN vs. HFXI - 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% |
HFXI IQ 50 Percent Hedged FTSE International ETF | 3.78% | 30.10% | 7.58% | 19.56% | -10.71% | 13.96% | 6.88% | 23.67% | -12.69% | 2.48% |
Returns By Period
In the year-to-date period, MMIN achieves a 0.02% return, which is significantly lower than HFXI's 3.78% return.
MMIN
- 1D
- 0.26%
- 1M
- -2.33%
- YTD
- 0.02%
- 6M
- 1.92%
- 1Y
- 4.95%
- 3Y*
- 3.15%
- 5Y*
- 0.62%
- 10Y*
- —
HFXI
- 1D
- 3.13%
- 1M
- -7.94%
- YTD
- 3.78%
- 6M
- 11.06%
- 1Y
- 27.85%
- 3Y*
- 16.89%
- 5Y*
- 10.58%
- 10Y*
- 10.49%
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MMIN vs. HFXI - Expense Ratio Comparison
MMIN has a 0.31% expense ratio, which is higher than HFXI's 0.20% expense ratio.
Return for Risk
MMIN vs. HFXI — Risk / Return Rank
MMIN
HFXI
MMIN vs. HFXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and IQ 50 Percent Hedged FTSE International ETF (HFXI). 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 | HFXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.67 | -0.73 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.31 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.47 | -1.21 |
Martin ratioReturn relative to average drawdown | 3.49 | 9.41 | -5.92 |
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 | HFXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.67 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.73 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.51 | -0.16 |
Correlation
The correlation between MMIN and HFXI is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MMIN vs. HFXI - Dividend Comparison
MMIN's dividend yield for the trailing twelve months is around 4.48%, more than HFXI's 4.34% 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% |
HFXI IQ 50 Percent Hedged FTSE International ETF | 4.34% | 4.19% | 2.68% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.56% | 2.71% | 0.78% |
Drawdowns
MMIN vs. HFXI - Drawdown Comparison
The maximum MMIN drawdown since its inception was -16.87%, smaller than the maximum HFXI drawdown of -32.42%. Use the drawdown chart below to compare losses from any high point for MMIN and HFXI.
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Drawdown Indicators
| MMIN | HFXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.87% | -32.42% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -10.91% | +6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.87% | -22.35% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.42% | — |
Current DrawdownCurrent decline from peak | -2.33% | -7.96% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -5.51% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.87% | -1.36% |
Volatility
MMIN vs. HFXI - Volatility Comparison
The current volatility for IQ MacKay Municipal Insured ETF (MMIN) is 1.54%, while IQ 50 Percent Hedged FTSE International ETF (HFXI) has a volatility of 7.85%. This indicates that MMIN experiences smaller price fluctuations and is considered to be less risky than HFXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMIN | HFXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 7.85% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 10.82% | -8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 16.73% | -11.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 14.59% | -9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 16.54% | -9.51% |