MMMA vs. NYM
MMMA (NYLI MacKay Muni Allocation ETF) and NYM (AB New York Intermediate Municipal ETF) are both Municipal Bonds funds. Both are actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. MMMA charges 0.35%/yr vs 0.27%/yr for NYM.
Performance
MMMA vs. NYM - Performance Comparison
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Returns By Period
In the year-to-date period, MMMA achieves a 2.42% return, which is significantly higher than NYM's 0.73% return.
MMMA
- 1D
- -0.10%
- 1M
- -1.54%
- 6M
- 1.05%
- YTD
- 2.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NYM
- 1D
- -0.06%
- 1M
- -0.98%
- 6M
- 0.11%
- YTD
- 0.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $111.36K | $97.19K | $48.83K | |
| $1.37M | $1.39M | $1.99M |
MMMA vs. NYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MMMA NYLI MacKay Muni Allocation ETF | 2.42% | 0.35% |
NYM AB New York Intermediate Municipal ETF | 0.73% | 0.36% |
Correlation
The correlation between MMMA and NYM is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.70 |
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Return for Risk
MMMA vs. NYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Muni Allocation ETF (MMMA) and AB New York Intermediate Municipal ETF (NYM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
MMMA vs. NYM - Drawdown Comparison
The maximum MMMA drawdown since its inception was -2.79%, which is greater than NYM's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for MMMA and NYM.
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Drawdown Indicators
| MMMA | NYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.79% | -1.76% | -1.03% |
Current DrawdownCurrent decline from peak | -1.65% | -1.09% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -0.40% | -0.20% |
Volatility
MMMA vs. NYM - Volatility Comparison
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Volatility by Period
| MMMA | NYM | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 2.01% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.04% | 2.01% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 2.01% | +2.03% |
MMMA vs. NYM - Expense Ratio Comparison
MMMA has a 0.35% expense ratio, which is higher than NYM's 0.27% expense ratio.
Dividends
MMMA vs. NYM - Dividend Comparison
MMMA's dividend yield for the trailing twelve months is around 2.69%, more than NYM's 1.99% yield.
| Position | TTM | 2025 |
|---|---|---|
MMMA NYLI MacKay Muni Allocation ETF | 2.69% | 0.17% |
NYM AB New York Intermediate Municipal ETF | 1.99% | 0.49% |
Frequently Asked Questions
MMMA and NYM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NYM is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NYM is cheaper with a 0.27% expense ratio, compared with 0.35% for MMMA.
MMMA has the higher dividend yield at 2.69%, compared with 1.99% for NYM.
They also come from different issuers: NYLI and AllianceBernstein. Their fees differ too: 0.35% for MMMA and 0.27% for NYM.
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