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MMIN vs. IQSU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MMIN vs. IQSU

Last updated Jun 4, 2026

MMIN (IQ MacKay Municipal Insured ETF) and IQSU (IQ Candriam ESG U.S. Equity ETF) are both exchange-traded funds - MMIN is a Municipal Bonds fund tracking the Bloomberg Barclays Municipal All Insured Bond Index, while IQSU is a Large Cap Growth Equities fund tracking the IQ Candriam ESG US Equity Index. Both are passively managed. Over the past 5 years, MMIN returned 0.74%/yr vs 12.84%/yr for IQSU. At a 0.09 correlation, their price movements are largely independent. MMIN charges 0.31%/yr vs 0.09%/yr for IQSU.

Performance

MMIN vs. IQSU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ MacKay Municipal Insured ETF (MMIN) and IQ Candriam ESG U.S. Equity ETF (IQSU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MMIN achieves a 2.32% return, which is significantly lower than IQSU's 13.06% return.

MMIN

1D
0.00%
1M
0.85%
YTD
2.32%
6M
2.74%
1Y
9.31%
3Y*
4.21%
5Y*
0.74%
10Y*
—

IQSU

1D
-0.46%
1M
6.63%
YTD
13.06%
6M
13.30%
1Y
29.34%
3Y*
19.64%
5Y*
12.84%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MMIN vs. IQSU - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MMIN
IQ MacKay Municipal Insured ETF		2.32%4.65%0.93%7.45%-11.20%1.35%7.47%0.04%
IQSU
IQ Candriam ESG U.S. Equity ETF		13.06%14.44%16.64%32.96%-22.10%30.53%28.24%1.24%

Correlation

The correlation between MMIN and IQSU is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Dec 18, 2019

0.09

MMIN vs. IQSU - Sectors Allocation Comparison

Sectors
MMIN
IQSU

Basic Materials

-

2.7%

Communication Services

-

15.0%

Consumer Cyclical

-

14.8%

Consumer Defensive

-

3.5%

Energy

-

1.3%

Healthcare

-

6.2%

Industrials

-

6.8%

Real Estate

-

2.8%

Technology

-

34.0%

Utilities

-

1.2%

Financial Services

-0.9%
11.7%

Basic Materials

MMIN

-

IQSU
2.7%

Communication Services

MMIN

-

IQSU
15.0%

Consumer Cyclical

MMIN

-

IQSU
14.8%

Consumer Defensive

MMIN

-

IQSU
3.5%

Energy

MMIN

-

IQSU
1.3%

Healthcare

MMIN

-

IQSU
6.2%

Industrials

MMIN

-

IQSU
6.8%

Real Estate

MMIN

-

IQSU
2.8%

Technology

MMIN

-

IQSU
34.0%

Utilities

MMIN

-

IQSU
1.2%

Financial Services

MMIN
-0.9%
IQSU
11.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

IQ MacKay Municipal Insured ETF

IQ Candriam ESG U.S. Equity ETF

Often compared with MMIN:
MMIN vs. ACTHXMMIN vs. OVMMMIN vs. MMITMMIN vs. JMUBMMIN vs. ZTAXMMIN vs. IWFGMMIN vs. LQD
Often compared with IQSU:
IQSU vs. SUSAIQSU vs. GARPIQSU vs. ESGDIQSU vs. BDGSIQSU vs. SUSLIQSU vs. SPHQIQSU vs. VOO

Return for Risk

MMIN vs. IQSU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MMIN
MMIN Risk / Return Rank: 7474
Overall Rank
MMIN Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
MMIN Sortino Ratio Rank: 8181
Sortino Ratio Rank
MMIN Omega Ratio Rank: 8282
Omega Ratio Rank
MMIN Calmar Ratio Rank: 6666
Calmar Ratio Rank
MMIN Martin Ratio Rank: 6565
Martin Ratio Rank
IQSU
IQSU Risk / Return Rank: 6161
Overall Rank
IQSU Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IQSU Sortino Ratio Rank: 6262
Sortino Ratio Rank
IQSU Omega Ratio Rank: 6464
Omega Ratio Rank
IQSU Calmar Ratio Rank: 5454
Calmar Ratio Rank
IQSU Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MMIN vs. IQSU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and IQ Candriam ESG U.S. Equity ETF (IQSU). 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.

MMINIQSUDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.13

+0.33

Sortino ratioReturn per unit of downside risk
3.66
2.91

+0.75

Omega ratioGain probability vs. loss probability

1.49

1.39

+0.11

Calmar ratioReturn relative to maximum drawdown

3.25

2.64

+0.62

Martin ratioReturn relative to average drawdown

11.93

10.74

+1.19

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMIN vs. IQSU - Sharpe Ratio Comparison

The current MMIN Sharpe Ratio is 2.46, which is comparable to the IQSU Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of MMIN and IQSU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MMINIQSUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.13

+0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.72

-0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.79

-0.41

Drawdowns

MMIN vs. IQSU - Drawdown Comparison

The maximum MMIN drawdown since its inception was -16.87%, smaller than the maximum IQSU drawdown of -31.29%. Use the drawdown chart below to compare losses from any high point for MMIN and IQSU.

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Drawdown Indicators

MMINIQSUDifference

Max Drawdown

Largest peak-to-trough decline

-16.87%

-31.29%

+14.42%

Max Drawdown (1Y)

Largest decline over 1 year

-2.87%

-11.18%

+8.31%

Max Drawdown (3Y)

Largest decline over 3 years

-7.22%

-20.96%

+13.74%

Max Drawdown (5Y)

Largest decline over 5 years

-16.87%

-26.76%

+9.89%

Current Drawdown

Current decline from peak

-0.08%

-0.48%

+0.40%

Average Drawdown

Average peak-to-trough decline

-4.32%

-5.99%

+1.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.78%

2.74%

-1.96%

Volatility

MMIN vs. IQSU - Volatility Comparison

The current volatility for IQ MacKay Municipal Insured ETF (MMIN) is 1.16%, while IQ Candriam ESG U.S. Equity ETF (IQSU) has a volatility of 3.64%. This indicates that MMIN experiences smaller price fluctuations and is considered to be less risky than IQSU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MMINIQSUDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

3.64%

-2.48%

Volatility (6M)

Calculated over the trailing 6-month period

2.49%

9.83%

-7.34%

Volatility (1Y)

Calculated over the trailing 1-year period

3.81%

13.85%

-10.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.02%

17.88%

-12.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.97%

20.68%

-13.71%

MMIN vs. IQSU - Expense Ratio Comparison

MMIN has a 0.31% expense ratio, which is higher than IQSU's 0.09% expense ratio.

Dividends

MMIN vs. IQSU - Dividend Comparison

MMIN's dividend yield for the trailing twelve months is around 4.12%, more than IQSU's 0.97% yield.

PositionTTM202520242023202220212020201920182017
IQSU
IQ Candriam ESG U.S. Equity ETF		0.97%1.09%1.12%1.15%1.47%1.07%0.98%0.00%0.00%0.00%
MMIN
IQ MacKay Municipal Insured ETF		4.12%4.07%3.96%3.73%2.93%1.72%2.21%2.75%2.78%0.47%

Frequently Asked Questions

MMIN and IQSU have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IQSU has higher volatility (3.64%) compared to MMIN (1.16%). In terms of maximum drawdown, MMIN dropped -16.87% vs IQSU's -31.29%.

On 5-year performance, IQSU leads with 12.84% vs 0.74% for MMIN. On fees, IQSU is cheaper at 0.09% per year. On volatility, MMIN has been the lower-risk option at 1.16%. 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 12.84% return vs 0.74%. 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 4.12%, compared with 0.97% for IQSU.

MMIN is categorized as Municipal Bonds, while IQSU is Large Cap Growth Equities. MMIN tracks Bloomberg Barclays Municipal All Insured Bond Index, while IQSU tracks IQ Candriam ESG US Equity Index. Their fees differ too: 0.31% for MMIN and 0.09% for IQSU.

MMIN currently has the higher Sharpe Ratio (2.46 vs 2.13), 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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