SECR vs. MMMA
SECR (NYLI MacKay Securitized Income ETF) and MMMA (NYLI MacKay Muni Allocation ETF) are both exchange-traded funds - SECR is a Mortgage Backed Securities fund actively managed by NYLI, while MMMA is a Municipal Bonds fund actively managed by NYLI. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. SECR charges 0.28%/yr vs 0.35%/yr for MMMA.
Performance
SECR vs. MMMA - Performance Comparison
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Returns By Period
In the year-to-date period, SECR achieves a -0.15% return, which is significantly lower than MMMA's 2.42% return.
SECR
- 1D
- -0.48%
- 1M
- -1.07%
- 6M
- -0.69%
- YTD
- -0.15%
- 1Y
- 2.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.70%
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 | |
| $83.75K | $132.45K | $200.63K |
SECR vs. MMMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SECR NYLI MacKay Securitized Income ETF | -0.15% | 0.17% |
MMMA NYLI MacKay Muni Allocation ETF | 2.42% | 0.35% |
Correlation
The correlation between SECR and MMMA is 0.63, 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 | 0.63 |
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Return for Risk
SECR vs. MMMA — Risk / Return Rank
SECR
MMMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SECR vs. MMMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI MacKay Securitized Income ETF (SECR) 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.
| SECR | MMMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | — | — |
| Martin ratioReturn relative to average drawdown | 2.82 | — | — |
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Drawdowns
SECR vs. MMMA - Drawdown Comparison
The maximum SECR drawdown since its inception was -3.93%, which is greater than MMMA's maximum drawdown of -2.79%. Use the drawdown chart below to compare losses from any high point for SECR and MMMA.
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Drawdown Indicators
| SECR | MMMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.93% | -2.79% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.65% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -0.60% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | — | — |
Volatility
SECR vs. MMMA - Volatility Comparison
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Volatility by Period
| SECR | MMMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.04% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 4.04% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 4.04% | +0.53% |
SECR vs. MMMA - Expense Ratio Comparison
SECR has a 0.28% expense ratio, which is lower than MMMA's 0.35% expense ratio.
Dividends
SECR vs. MMMA - Dividend Comparison
SECR's dividend yield for the trailing twelve months is around 6.91%, more than MMMA's 2.69% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MMMA NYLI MacKay Muni Allocation ETF | 2.69% | 0.17% | 0.00% |
SECR NYLI MacKay Securitized Income ETF | 6.43% | 6.68% | 3.24% |
Frequently Asked Questions
SECR and MMMA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SECR is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SECR is cheaper with a 0.28% expense ratio, compared with 0.35% for MMMA.
SECR has the higher dividend yield at 6.43%, compared with 2.69% for MMMA.
SECR is categorized as Mortgage Backed Securities, while MMMA is Municipal Bonds. Their fees differ too: 0.28% for SECR and 0.35% for MMMA.
Find the right allocation for SECR and MMMA
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