NYM vs. MMMA
NYM (AB New York Intermediate Municipal ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both Municipal Bonds funds. Both are actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. NYM charges 0.27%/yr vs 0.35%/yr for MMMA.
Performance
NYM vs. MMMA - Performance Comparison
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Returns By Period
In the year-to-date period, NYM achieves a 0.73% return, which is significantly lower than MMMA's 2.42% return.
NYM
- 1D
- -0.06%
- 1M
- -0.98%
- 6M
- 0.11%
- YTD
- 0.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MMMA
- 1D
- -0.10%
- 1M
- -1.54%
- 6M
- 1.05%
- YTD
- 2.42%
- 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 |
NYM vs. MMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NYM AB New York Intermediate Municipal ETF | 0.73% | 0.36% |
MMMA NYLI MacKay Muni Allocation ETF | 2.42% | 0.35% |
Correlation
The correlation between NYM and MMMA 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
NYM vs. MMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
NYM vs. MMMA - Drawdown Comparison
The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum MMMA drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for NYM and MMMA.
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Drawdown Indicators
| NYM | MMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.76% | -2.79% | +1.03% |
Current DrawdownCurrent decline from peak | -1.09% | -1.65% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -0.60% | +0.20% |
Volatility
NYM vs. MMMA - Volatility Comparison
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Volatility by Period
| NYM | MMMA | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 4.04% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 4.04% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 4.04% | -2.03% |
NYM vs. MMMA - Expense Ratio Comparison
NYM has a 0.27% expense ratio, which is lower than MMMA's 0.35% expense ratio.
Dividends
NYM vs. MMMA - Dividend Comparison
NYM's dividend yield for the trailing twelve months is around 1.99%, less than MMMA's 2.69% 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
NYM and MMMA 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: AllianceBernstein and NYLI. Their fees differ too: 0.27% for NYM and 0.35% for MMMA.
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