NYM vs. MMMA

Last updated Jun 20, 2026

NYM (AB New York Intermediate Municipal ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both Municipal Bonds funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. NYM charges 0.27%/yr vs 0.35%/yr for MMMA.

Performance

NYM vs. MMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB New York Intermediate Municipal ETF (NYM) 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, NYM achieves a 1.47% return, which is significantly lower than MMMA's 3.53% return.

NYM

• 1D: 0.16%
• 1M: 0.85%
• YTD: 1.47%
• 6M: 1.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MMMA

• 1D: 0.39%
• 1M: 1.72%
• YTD: 3.53%
• 6M: 3.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NYM vs. MMMA - Yearly Performance Comparison

	2026 (YTD)	2025
NYM AB New York Intermediate Municipal ETF	1.47%	0.36%
MMMA NYLI MacKay Muni Allocation ETF	3.53%	0.35%

Correlation

The correlation between NYM and MMMA is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.67

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.

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.

Drawdown Indicators

	NYM	MMMA	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-2.79%	+1.03%
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-0.41%	-0.56%	+0.15%

Volatility

Volatility by Period

	NYM	MMMA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.03%	4.06%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.03%	4.06%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.03%	4.06%	-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 1.73%, less than MMMA's 1.95% yield.

Position	TTM	2025
MMMA NYLI MacKay Muni Allocation ETF	1.95%	0.17%
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%

Frequently Asked Questions

Can I hold both NYM and MMMA in my portfolio?

NYM and MMMA have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYM or MMMA?

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.

Which ETF is cheaper, NYM or MMMA?

NYM is cheaper with a 0.27% expense ratio, compared with 0.35% for MMMA.

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

MMMA has the higher dividend yield at 1.95%, compared with 1.73% for NYM.

What is the main difference between NYM and MMMA?

They also come from different issuers: AllianceBernstein and NYLI. Their fees differ too: 0.27% for NYM and 0.35% for MMMA.