Which returned more over the last year, ITM or MMIT?

In the year to Oct 28, 2026, with distributions reinvested, ITM returned −0.5% and MMIT +0.4%.

Which is cheaper, ITM or MMIT?

ITM is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

ITM vs MMIT: Differences, Returns & Fees

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On Jul 31, 2026 ITM's duration was 5.6 years and MMIT's 5.7; ITM charges 0.18% to MMIT's 0.30%.

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Net assets: $2.3bn on Oct 27, 2026 for VanEck Intermediate Muni ETF, and $1.5bn on Jul 31, 2026 for NYLIM MacKay Muni Intermediate ETF.

ITM on its own →MMIT on its own →

At a glance

−0.5%

ITM total return, 1 year

+0.4%

MMIT total return, 1 year

0.18%

ITM expense ratio

0.30%

MMIT expense ratio

Pair scorecard

ITM costs 0.12 points a year less; their one-year returns differ by 0.9 points.

ITM vs MMIT: Differences, Returns & Fees
Measure	ITM	MMIT
Return
Measure	ITM	MMIT
Total return, 1 year	−0.5%	+0.4%
Drawdown
Measure	ITM	MMIT
Below its high	3.0%, high on Feb 27, 2026
Benchmark
Measure	ITM	MMIT
What it tracks	ICE Intermediate AMT-Free Broad National Municipal Index	No index, actively managed
Cost and size
Measure	ITM	MMIT
Expense ratio	0.18%	0.30%
Net assets, ITM as of Oct 27, 2026 and MMIT as of Jul 31, 2026	$2.3bn	$1.5bn
Holdings
Measure	ITM	MMIT
Holdings in common	4%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Oct 27, 2017 to Oct 23, 2026 · 469 weekly returns

ITM MMIT

Return

Total return edge MMIT +17.0% +23.5%

Annualized edge MMIT +1.8% +2.4%

Price return edge ITM (slight) −5.7% −6.0%

Risk

Volatility edge MMIT 9.2% 5.5%

Max drawdown edge MMIT −19.3% −12.0%

Risk-adjusted

Sharpe edge MMIT −0.06 −0.04

Sortino edge MMIT −0.09 −0.05

Calmar edge MMIT 0.09 0.20

Reading

MMIT returned more: +23.5% to +17.0%. MMIT swung less: 5.5% to 9.2%. MMIT fell less at its worst: −12.0% to −19.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ITM vs MMIT: Differences, Returns & Fees
Measure	ITM	MMIT	Edge	How it is measured
Return
Total return	+17.0%	+23.5%	MMIT	Price change plus distributions, reinvested.
Annualized	+1.8%	+2.4%	MMIT	Total return as a yearly rate.
Price return	−5.7%	−6.0%	ITM (slight)	Price change alone, distributions left out.
Risk
Volatility	9.2%	5.5%	MMIT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	6.1%	4.0%	MMIT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−19.3%	−12.0%	MMIT	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.06	−0.04	MMIT	Return above Treasury bills per unit of volatility.
Sortino	−0.09	−0.05	MMIT	Return above Treasury bills per unit of downside deviation.
Calmar	0.09	0.20	MMIT	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 469 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, ITM and MMIT hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first ITM MMIT

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jan 1, 2055 0.29% 0.53%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Aug 1, 2055 0.50% 0.22%

MASSACHUSETTS ST DEV FIN AGY REVENUE, due May 15, 2055 0.26% 0.15%

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Apr 1, 2054 0.15% 0.18%

LOS ANGELES CA DEPT OF WTR & PWR REVENUE, due Jul 1, 2042 0.20% 0.13%

PEFA INC IA GAS PROJ REVENUE, due Apr 1, 2035 0.15% 0.11%

INDIANA ST FIN AUTH HLTH SYS REVENUE, due Oct 1, 2057 0.10% 0.17%

SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH, due Nov 1, 2051 0.10% 0.11%

INDIANA ST FIN AUTH REVENUE, due Nov 15, 2042 0.10% 0.23%

ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE, due Nov 1, 2033 0.10% 0.33%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 2055 0.10% 0.22%

BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Dec 1, 2055 0.10% 0.56%

Only in one fund ↓

Only in ITM

NEW JERSEY ST EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.53%

CALIFORNIA ST, due Mar 1, 2036 0.45%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Feb 1, 2055 0.44%

CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.39%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Jan 1, 2056 0.37%

CALIFORNIA ST, due Aug 1, 2032 0.30%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2034 0.28%

CALIFORNIA HSG FIN AGY MUNI CTFS, due Mar 25, 2035 0.28%

Only in MMIT

NY GOBNYC 02/01/2055, due Feb 1, 2055 1.03%

PR PRCGEN 4.33 07/01/2040, due Jul 1, 2040 1.00%

CA LOSUTL 5 07/01/2041, due Jul 1, 2041 0.91%

MN MGAUTL 5 09/01/2035, due Sep 1, 2035 0.91%

PA PASSFH 3 10/01/2051, due Oct 1, 2051 0.87%

AL BBEUTL 10/01/2052, due Oct 1, 2052 0.63%

IL SPRPWR 5 03/01/2032, due Mar 1, 2032 0.62%

IL CHIEDU 6 04/01/2046, due Apr 1, 2046 0.59%

Check overlap with more funds →

Side by side

ITM VanEck Intermediate Muni ETF MMIT NYLIM MacKay Muni Intermediate ETF

Where it sits Bond ETF Bond ETF

Issuer VanEck New York Life Investments

What it is Tracks an index Actively managed

Total return, 1 year −0.5% +0.4%

Expense ratio 0.18% 0.30%

Holdings 1410 854

Net assets, ITM as of Oct 27, 2026 and MMIT as of Jul 31, 2026 $2.3bn $1.5bn

ITM and MMIT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-70888F9E94

ITM and MMIT are built for the same job. How do they differ in cost, holdings and results?

What each follows. ITM follows ICE Intermediate AMT-Free Broad National Municipal Index and MMIT follows No index, actively managed.
Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026).
Cost. ITM charges 0.18% of assets a year and MMIT 0.30%, a gap of 0.12 points.

Data as of Oct 28, 2026.

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About each fund

ITM

ITM tracks an index. Over the year to Oct 28, 2026 it returned −0.5% with distributions reinvested. The prospectus expense ratio is 0.18% a year. It sat 3.0% below its high of Feb 27, 2026 on Oct 28, 2026.

MMIT

MMIT is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.4% with distributions reinvested. The prospectus expense ratio is 0.30% a year.

Questions people ask

Which returned more over the last year, ITM or MMIT?: In the year to Oct 28, 2026, with distributions reinvested, ITM returned −0.5% and MMIT +0.4%.
Which is cheaper, ITM or MMIT?: ITM is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

ITM vs VTEI ITM vs VSDM ITM vs MUNI CGMU vs ITM MMIT vs MUNI MMIT vs VSDM MMIT vs VTEI CGMU vs MMIT

Where to next

ITM on its own →MMIT on its own →Hold both: look the portfolio through →Rankings →ITM dividend history →ITM holdings →MMIT dividend history →MMIT holdings →Standards and sources →

Sources and dates

ITM filings on SEC EDGAR ↗

ITM prospectus with the expense ratio (SEC) ↗

VanEck website ↗

MMIT filings on SEC EDGAR ↗

MMIT prospectus with the expense ratio (SEC) ↗

New York Life Investments website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, ITM against MMIT, data as of Oct 28, 2026. https://etfiq.com/compare/any/itm-vs-mmit

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.