MMIN vs. SCMB
Compare and contrast key facts about IQ MacKay Municipal Insured ETF (MMIN) and Schwab Municipal Bond ETF (SCMB).
MMIN and SCMB 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. SCMB is a passively managed fund by Charles Schwab that tracks the performance of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. It was launched on Oct 11, 2022. Both MMIN and SCMB 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. SCMB - Performance Comparison
Loading graphics...
MMIN vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MMIN IQ MacKay Municipal Insured ETF | 0.02% | 4.65% | 0.93% | 7.45% | 2.90% |
SCMB Schwab Municipal Bond ETF | -0.51% | 3.78% | 0.91% | 5.86% | 3.05% |
Returns By Period
In the year-to-date period, MMIN achieves a 0.02% return, which is significantly higher than SCMB's -0.51% return.
MMIN
- 1D
- 0.26%
- 1M
- -2.33%
- YTD
- 0.02%
- 6M
- 1.92%
- 1Y
- 4.95%
- 3Y*
- 3.15%
- 5Y*
- 0.62%
- 10Y*
- —
SCMB
- 1D
- 0.24%
- 1M
- -2.42%
- YTD
- -0.51%
- 6M
- 1.25%
- 1Y
- 3.88%
- 3Y*
- 2.44%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MMIN vs. SCMB - Expense Ratio Comparison
MMIN has a 0.31% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Return for Risk
MMIN vs. SCMB — Risk / Return Rank
MMIN
SCMB
MMIN vs. SCMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Insured ETF (MMIN) and Schwab Municipal Bond ETF (SCMB). 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 | SCMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.94 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.22 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.05 | +0.21 |
Martin ratioReturn relative to average drawdown | 3.49 | 2.98 | +0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MMIN | SCMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.94 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.90 | -0.55 |
Correlation
The correlation between MMIN and SCMB is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MMIN vs. SCMB - Dividend Comparison
MMIN's dividend yield for the trailing twelve months is around 4.48%, more than SCMB's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCMB Schwab Municipal Bond ETF | 3.38% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MMIN vs. SCMB - Drawdown Comparison
The maximum MMIN drawdown since its inception was -16.87%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for MMIN and SCMB.
Loading graphics...
Drawdown Indicators
| MMIN | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.87% | -6.13% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.16% | -3.79% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.87% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -2.42% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -1.32% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.34% | +0.17% |
Volatility
MMIN vs. SCMB - Volatility Comparison
IQ MacKay Municipal Insured ETF (MMIN) and Schwab Municipal Bond ETF (SCMB) have volatilities of 1.54% and 1.47%, 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.
Loading graphics...
Volatility by Period
| MMIN | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.47% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.02% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 4.15% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 4.22% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 4.22% | +2.81% |