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MMIN vs. JMUB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MMIN vs. JMUB

Last updated Jun 4, 2026

MMIN (IQ MacKay Municipal Insured ETF) and JMUB (JPMorgan Municipal ETF) are both Municipal Bonds funds. MMIN is passively managed, while JMUB is actively managed. Over the past 5 years, MMIN returned 0.74%/yr vs 1.23%/yr for JMUB. A 0.74 correlation means they provide meaningful diversification when combined. MMIN charges 0.31%/yr vs 0.18%/yr for JMUB.

Performance

MMIN vs. JMUB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ MacKay Municipal Insured ETF (MMIN) and JPMorgan Municipal ETF (JMUB). 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 higher than JMUB's 1.26% return.

MMIN

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

JMUB

1D
-0.06%
1M
0.56%
YTD
1.26%
6M
1.53%
1Y
6.12%
3Y*
3.91%
5Y*
1.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MMIN vs. JMUB - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MMIN
IQ MacKay Municipal Insured ETF		2.32%4.65%0.93%7.45%-11.20%1.35%7.47%8.08%2.73%
JMUB
JPMorgan Municipal ETF		1.26%4.34%1.88%5.96%-7.43%1.58%4.98%8.37%2.81%

Correlation

The correlation between MMIN and JMUB is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.74

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

0.82

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

0.80

Correlation (All Time)
Calculated using the full available price history since Nov 1, 2018

0.74

The correlation between MMIN and JMUB has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

MMIN vs. JMUB - Sectors Allocation Comparison

Sectors
MMIN
JMUB

Basic Materials

-

0.4%

Communication Services

-

8.6%

Consumer Cyclical

-

0.6%

Consumer Defensive

-

0.3%

Energy

-

0.0%

Healthcare

-

0.1%

Industrials

-

0.2%

Real Estate

-

0.9%

Technology

-

1.0%

Utilities

-

2.2%

Financial Services

-0.9%
2.2%

Basic Materials

MMIN

-

JMUB
0.4%

Communication Services

MMIN

-

JMUB
8.6%

Consumer Cyclical

MMIN

-

JMUB
0.6%

Consumer Defensive

MMIN

-

JMUB
0.3%

Energy

MMIN

-

JMUB
0.0%

Healthcare

MMIN

-

JMUB
0.1%

Industrials

MMIN

-

JMUB
0.2%

Real Estate

MMIN

-

JMUB
0.9%

Technology

MMIN

-

JMUB
1.0%

Utilities

MMIN

-

JMUB
2.2%

Financial Services

MMIN
-0.9%
JMUB
2.2%

Compare stocks, funds, or ETFs

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IQ MacKay Municipal Insured ETF

JPMorgan Municipal ETF

Often compared with MMIN:
MMIN vs. ACTHXMMIN vs. OVMMMIN vs. MMITMMIN vs. ZTAXMMIN vs. IWFGMMIN vs. LQDMMIN vs. IBMM
Often compared with JMUB:
JMUB vs. MUBJMUB vs. VTEBJMUB vs. SCMBXJMUB vs. BSNSXJMUB vs. FICNXJMUB vs. FTABXJMUB vs. VWIUX

Return for Risk

MMIN vs. JMUB — 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
JMUB
JMUB Risk / Return Rank: 6969
Overall Rank
JMUB Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
JMUB Sortino Ratio Rank: 8181
Sortino Ratio Rank
JMUB Omega Ratio Rank: 8989
Omega Ratio Rank
JMUB Calmar Ratio Rank: 4848
Calmar Ratio Rank
JMUB Martin Ratio Rank: 4949
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. JMUB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and JPMorgan Municipal ETF (JMUB). 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.

MMINJMUBDifference
Sharpe ratioReturn per unit of total volatility
2.46
2.56

-0.10

Sortino ratioReturn per unit of downside risk
3.66
3.67

-0.02

Omega ratioGain probability vs. loss probability

1.49

1.57

-0.07

Calmar ratioReturn relative to maximum drawdown

3.25

2.40

+0.85

Martin ratioReturn relative to average drawdown

11.93

8.37

+3.56

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. JMUB - Sharpe Ratio Comparison

The current MMIN Sharpe Ratio is 2.46, which is comparable to the JMUB Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of MMIN and JMUB, 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

MMINJMUBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.46

2.56

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.37

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.74

-0.35

Drawdowns

MMIN vs. JMUB - Drawdown Comparison

The maximum MMIN drawdown since its inception was -16.87%, which is greater than JMUB's maximum drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for MMIN and JMUB.

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Drawdown Indicators

MMINJMUBDifference

Max Drawdown

Largest peak-to-trough decline

-16.87%

-12.50%

-4.37%

Max Drawdown (1Y)

Largest decline over 1 year

-2.87%

-2.55%

-0.32%

Max Drawdown (3Y)

Largest decline over 3 years

-7.22%

-4.79%

-2.43%

Max Drawdown (5Y)

Largest decline over 5 years

-16.87%

-12.06%

-4.81%

Current Drawdown

Current decline from peak

-0.08%

-0.59%

+0.51%

Average Drawdown

Average peak-to-trough decline

-4.32%

-2.51%

-1.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.78%

0.73%

+0.05%

Volatility

MMIN vs. JMUB - Volatility Comparison

IQ MacKay Municipal Insured ETF (MMIN) has a higher volatility of 1.16% compared to JPMorgan Municipal ETF (JMUB) at 0.86%. This indicates that MMIN's price experiences larger fluctuations and is considered to be riskier than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MMINJMUBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

0.86%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

2.49%

1.83%

+0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

3.81%

2.40%

+1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.02%

3.33%

+1.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.97%

4.14%

+2.83%

MMIN vs. JMUB - Expense Ratio Comparison

MMIN has a 0.31% expense ratio, which is higher than JMUB's 0.18% expense ratio.

Dividends

MMIN vs. JMUB - Dividend Comparison

MMIN's dividend yield for the trailing twelve months is around 4.12%, more than JMUB's 3.60% yield.

PositionTTM202520242023202220212020201920182017
JMUB
JPMorgan Municipal ETF		3.60%3.52%3.50%3.20%2.16%1.94%2.13%3.66%0.45%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 JMUB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MMIN has higher volatility (1.16%) compared to JMUB (0.86%). In terms of maximum drawdown, MMIN dropped -16.87% vs JMUB's -12.50%.

On 5-year performance, JMUB leads with 1.23% vs 0.74% for MMIN. On fees, JMUB is cheaper at 0.18% per year. On volatility, JMUB has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, JMUB has performed better with a 1.23% return vs 0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JMUB is cheaper with a 0.18% expense ratio, compared with 0.31% for MMIN.

MMIN has the higher dividend yield at 4.12%, compared with 3.60% for JMUB.

They also come from different issuers: New York Life and JPMorgan. Their fees differ too: 0.31% for MMIN and 0.18% for JMUB.

JMUB currently has the higher Sharpe Ratio (2.56 vs 2.46), 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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