MMIT vs. XOMO
MMIT (IQ MacKay Municipal Intermediate ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both exchange-traded funds - MMIT is a Municipal Bonds fund actively managed by New York Life, while XOMO is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, MMIT returned 6.45% vs 30.87% for XOMO. At a correlation of -0.03, they often move in opposite directions. MMIT charges 0.31%/yr vs 1.01%/yr for XOMO.
Performance
MMIT vs. XOMO - Performance Comparison
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Returns By Period
In the year-to-date period, MMIT achieves a 1.40% return, which is significantly lower than XOMO's 17.25% return.
MMIT
- 1D
- -0.04%
- 1M
- 0.50%
- YTD
- 1.40%
- 6M
- 1.79%
- 1Y
- 6.45%
- 3Y*
- 3.85%
- 5Y*
- 1.11%
- 10Y*
- —
XOMO
- 1D
- 1.39%
- 1M
- -1.15%
- YTD
- 17.25%
- 6M
- 19.54%
- 1Y
- 30.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MMIT vs. XOMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MMIT IQ MacKay Municipal Intermediate ETF | 1.40% | 5.03% | 1.46% | 3.81% |
XOMO YieldMax XOM Option Income Strategy ETF | 17.25% | 6.90% | 6.11% | -8.62% |
Correlation
The correlation between MMIT and XOMO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2023 | -0.03 |
The correlation between MMIT and XOMO shifts across timeframes, from -0.15 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MMIT vs. XOMO — Risk / Return Rank
MMIT
XOMO
MMIT vs. XOMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Intermediate ETF (MMIT) and YieldMax XOM Option Income Strategy ETF (XOMO). 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.
| MMIT | XOMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.27 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.26 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.50 | 6.35 | +2.15 |
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
| MMIT | XOMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 1.55 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.39 | +0.24 |
Drawdowns
MMIT vs. XOMO - Drawdown Comparison
The maximum MMIT drawdown since its inception was -12.28%, smaller than the maximum XOMO drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for MMIT and XOMO.
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Drawdown Indicators
| MMIT | XOMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.28% | -18.90% | +6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -13.73% | +11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.28% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -9.89% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -7.21% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 4.88% | -4.12% |
Volatility
MMIT vs. XOMO - Volatility Comparison
The current volatility for IQ MacKay Municipal Intermediate ETF (MMIT) is 0.77%, while YieldMax XOM Option Income Strategy ETF (XOMO) has a volatility of 7.53%. This indicates that MMIT experiences smaller price fluctuations and is considered to be less risky than XOMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMIT | XOMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 7.53% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 16.61% | -14.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 20.07% | -17.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 18.95% | -15.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 18.95% | -14.65% |
MMIT vs. XOMO - Expense Ratio Comparison
MMIT has a 0.31% expense ratio, which is lower than XOMO's 1.01% expense ratio.
Dividends
MMIT vs. XOMO - Dividend Comparison
MMIT's dividend yield for the trailing twelve months is around 3.57%, less than XOMO's 34.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MMIT IQ MacKay Municipal Intermediate ETF | 3.57% | 3.54% | 3.76% | 3.46% | 2.30% | 1.81% | 2.59% | 4.14% | 2.46% | 0.35% |
XOMO YieldMax XOM Option Income Strategy ETF | 34.77% | 31.64% | 26.94% | 5.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MMIT and XOMO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOMO has higher volatility (7.53%) compared to MMIT (0.77%). In terms of maximum drawdown, MMIT dropped -12.28% vs XOMO's -18.90%.
On 1-year performance, XOMO leads with 30.87% vs 6.45% for MMIT. On fees, MMIT is cheaper at 0.31% per year. On volatility, MMIT has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XOMO has performed better with a 30.87% return vs 6.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMIT is cheaper with a 0.31% expense ratio, compared with 1.01% for XOMO.
XOMO has the higher dividend yield at 34.77%, compared with 3.57% for MMIT.
MMIT is categorized as Municipal Bonds, while XOMO is Derivative Income. They also come from different issuers: New York Life and YieldMax. Their fees differ too: 0.31% for MMIT and 1.01% for XOMO.
MMIT currently has the higher Sharpe Ratio (2.56 vs 1.55), 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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