MYMJ vs. MMMA

Last updated Jun 23, 2026

MYMJ (State Street My2030 Municipal Bond ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both Municipal Bonds funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. MYMJ charges 0.20%/yr vs 0.35%/yr for MMMA.

Performance

MYMJ vs. MMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2030 Municipal Bond ETF (MYMJ) and NYLI MacKay Muni Allocation ETF (MMMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYMJ achieves a 1.16% return, which is significantly lower than MMMA's 3.54% return.

MYMJ

• 1D: -0.02%
• 1M: 0.76%
• YTD: 1.16%
• 6M: 1.61%
• 1Y: 4.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MMMA

• 1D: 0.01%
• 1M: 1.73%
• YTD: 3.54%
• 6M: 3.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MYMJ vs. MMMA - Yearly Performance Comparison

	2026 (YTD)	2025
MYMJ State Street My2030 Municipal Bond ETF	1.16%	0.31%
MMMA NYLI MacKay Muni Allocation ETF	3.54%	0.35%

Correlation

The correlation between MYMJ and MMMA is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.80

Return for Risk

MYMJ vs. MMMA — Risk / Return Rank

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

MYMJ

MYMJ Risk / Return Rank: 80
MYMJ Sharpe Ratio Rank: 91
MYMJ Sortino Ratio Rank: 94
MYMJ Omega Ratio Rank: 95
MYMJ Calmar Ratio Rank: 63
MYMJ Martin Ratio Rank: 58

MMMA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MYMJ vs. MMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2030 Municipal Bond ETF (MYMJ) and NYLI MacKay Muni Allocation ETF (MMMA). 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.

	MYMJ	MMMA	Difference
Sharpe ratio: Return per unit of total volatility	3.00	—	—
Sortino ratio: Return per unit of downside risk	4.73	—	—
Omega ratio: Gain probability vs. loss probability	1.73	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	9.91	—	—

Drawdowns

MYMJ vs. MMMA - Drawdown Comparison

The maximum MYMJ drawdown since its inception was -3.11%, which is greater than MMMA's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for MYMJ and MMMA.

Drawdown Indicators

	MYMJ	MMMA	Difference
Max Drawdown Largest peak-to-trough decline	-3.11%	-2.79%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	—	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.56%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	—	—

Volatility

Volatility by Period

	MYMJ	MMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	4.05%	-2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	4.05%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.86%	4.05%	-1.19%

MYMJ vs. MMMA - Expense Ratio Comparison

MYMJ has a 0.20% expense ratio, which is lower than MMMA's 0.35% expense ratio.

Dividends

MYMJ vs. MMMA - Dividend Comparison

MYMJ's dividend yield for the trailing twelve months is around 2.96%, more than MMMA's 1.95% yield.

Position	TTM	2025	2024
MMMA NYLI MacKay Muni Allocation ETF	1.95%	0.17%	0.00%
MYMJ State Street My2030 Municipal Bond ETF	2.96%	3.02%	0.89%

Frequently Asked Questions

Can I hold both MYMJ and MMMA in my portfolio?

MYMJ and MMMA have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYMJ or MMMA?

On fees, MYMJ is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MYMJ or MMMA?

MYMJ is cheaper with a 0.20% expense ratio, compared with 0.35% for MMMA.

Which ETF pays a higher dividend yield, MYMJ or MMMA?

MYMJ has the higher dividend yield at 2.96%, compared with 1.95% for MMMA.

What is the main difference between MYMJ and MMMA?

They also come from different issuers: State Street and NYLI. Their fees differ too: 0.20% for MYMJ and 0.35% for MMMA.