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MMIT vs. IEI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MMIT and IEI is 0.04, 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.


-0.50.00.51.0
Correlation: 0.0

Performance

MMIT vs. IEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IQ MacKay Municipal Intermediate ETF (MMIT) and iShares 3-7 Year Treasury Bond ETF (IEI). The values are adjusted to include any dividend payments, if applicable.

8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
17.72%
12.69%
MMIT
IEI

Key characteristics

Sharpe Ratio

MMIT:

0.48

IEI:

1.86

Sortino Ratio

MMIT:

0.64

IEI:

2.87

Omega Ratio

MMIT:

1.10

IEI:

1.35

Calmar Ratio

MMIT:

0.52

IEI:

0.71

Martin Ratio

MMIT:

1.97

IEI:

4.59

Ulcer Index

MMIT:

1.04%

IEI:

1.63%

Daily Std Dev

MMIT:

4.26%

IEI:

4.05%

Max Drawdown

MMIT:

-12.28%

IEI:

-14.60%

Current Drawdown

MMIT:

-2.12%

IEI:

-3.51%

Returns By Period

In the year-to-date period, MMIT achieves a -0.29% return, which is significantly lower than IEI's 3.41% return.


MMIT

YTD

-0.29%

1M

-0.82%

6M

-0.26%

1Y

2.05%

5Y*

1.41%

10Y*

N/A

IEI

YTD

3.41%

1M

1.26%

6M

2.86%

1Y

7.89%

5Y*

-0.53%

10Y*

1.30%

*Annualized

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MMIT vs. IEI - Expense Ratio Comparison

MMIT has a 0.31% expense ratio, which is higher than IEI's 0.15% expense ratio.


Expense ratio chart for MMIT: current value is 0.31%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MMIT: 0.31%
Expense ratio chart for IEI: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IEI: 0.15%

Risk-Adjusted Performance

MMIT vs. IEI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MMIT
The Risk-Adjusted Performance Rank of MMIT is 5656
Overall Rank
The Sharpe Ratio Rank of MMIT is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of MMIT is 4848
Sortino Ratio Rank
The Omega Ratio Rank of MMIT is 5252
Omega Ratio Rank
The Calmar Ratio Rank of MMIT is 6363
Calmar Ratio Rank
The Martin Ratio Rank of MMIT is 5959
Martin Ratio Rank

IEI
The Risk-Adjusted Performance Rank of IEI is 8787
Overall Rank
The Sharpe Ratio Rank of IEI is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of IEI is 9494
Sortino Ratio Rank
The Omega Ratio Rank of IEI is 9292
Omega Ratio Rank
The Calmar Ratio Rank of IEI is 7474
Calmar Ratio Rank
The Martin Ratio Rank of IEI is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MMIT vs. IEI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Intermediate ETF (MMIT) and iShares 3-7 Year Treasury Bond ETF (IEI). 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.


The chart of Sharpe ratio for MMIT, currently valued at 0.45, compared to the broader market-1.000.001.002.003.004.00
MMIT: 0.45
IEI: 1.86
The chart of Sortino ratio for MMIT, currently valued at 0.60, compared to the broader market-2.000.002.004.006.008.00
MMIT: 0.60
IEI: 2.87
The chart of Omega ratio for MMIT, currently valued at 1.09, compared to the broader market0.501.001.502.002.50
MMIT: 1.09
IEI: 1.35
The chart of Calmar ratio for MMIT, currently valued at 0.49, compared to the broader market0.002.004.006.008.0010.0012.00
MMIT: 0.49
IEI: 0.71
The chart of Martin ratio for MMIT, currently valued at 1.83, compared to the broader market0.0020.0040.0060.00
MMIT: 1.83
IEI: 4.59

The current MMIT Sharpe Ratio is 0.48, which is lower than the IEI Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of MMIT and IEI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.45
1.86
MMIT
IEI

Dividends

MMIT vs. IEI - Dividend Comparison

MMIT's dividend yield for the trailing twelve months is around 3.73%, more than IEI's 3.19% yield.


TTM20242023202220212020201920182017201620152014
MMIT
IQ MacKay Municipal Intermediate ETF
3.73%3.76%3.46%2.30%1.81%2.59%4.14%2.46%0.00%0.00%0.00%0.00%
IEI
iShares 3-7 Year Treasury Bond ETF
3.19%3.18%2.36%1.37%0.73%1.12%2.01%1.95%1.51%1.33%1.39%1.23%

Drawdowns

MMIT vs. IEI - Drawdown Comparison

The maximum MMIT drawdown since its inception was -12.28%, smaller than the maximum IEI drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for MMIT and IEI. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.12%
-3.51%
MMIT
IEI

Volatility

MMIT vs. IEI - Volatility Comparison

IQ MacKay Municipal Intermediate ETF (MMIT) has a higher volatility of 2.94% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 1.64%. This indicates that MMIT's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.94%
1.64%
MMIT
IEI