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

In the year to Oct 28, 2026, with distributions reinvested, MMIT returned +0.4% and VSDM +1.9%.

Which is cheaper, MMIT or VSDM?

VSDM is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MMIT vs VSDM: Differences, Returns & Fees

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On Jul 31, 2026 MMIT's duration was 5.7 years and VSDM's 4.5; VSDM charges 0.12% to MMIT's 0.30%.

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Net assets: $1.5bn on Jul 31, 2026 for NYLIM MacKay Muni Intermediate ETF, and $1.2bn on Sep 30, 2026 for Vanguard Short Duration Tax-Exempt Bond ETF.

MMIT on its own →VSDM on its own →

At a glance

+0.4%

MMIT total return, 1 year

+1.9%

VSDM total return, 1 year

0.30%

MMIT expense ratio

0.12%

VSDM expense ratio

Pair scorecard

VSDM costs 0.18 points a year less; their one-year returns differ by 1.5 points.

MMIT vs VSDM: Differences, Returns & Fees
Measure	MMIT	VSDM
Return
Measure	MMIT	VSDM
Total return, 1 year	+0.4%	+1.9%
Benchmark
Measure	MMIT	VSDM
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	MMIT	VSDM
Expense ratio	0.30%	0.12%
Net assets, MMIT as of Jul 31, 2026 and VSDM as of Sep 30, 2026	$1.5bn	$1.2bn
Holdings
Measure	MMIT	VSDM
Holdings in common	7%

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

Risk and return

Nov 29, 2024 to Oct 23, 2026 · 99 weekly returns

MMIT VSDM

Return

Total return edge VSDM +3.1% +6.0%

Annualized edge VSDM +1.6% +3.1%

Price return edge VSDM −3.7% +0.1%

Risk

Volatility edge VSDM 4.2% 2.5%

Max drawdown edge VSDM −5.1% −2.2%

Risk-adjusted

Sharpe edge VSDM −0.55 −0.37

Sortino edge VSDM −0.65 −0.43

Calmar edge VSDM 0.32 1.40

Reading

VSDM returned more: +6.0% to +3.1%. VSDM swung less: 2.5% to 4.2%. VSDM fell less at its worst: −2.2% to −5.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: MMIT vs VSDM: Differences, Returns & Fees
Measure	MMIT	VSDM	Edge	How it is measured
Return
Total return	+3.1%	+6.0%	VSDM	Price change plus distributions, reinvested.
Annualized	+1.6%	+3.1%	VSDM	Total return as a yearly rate.
Price return	−3.7%	+0.1%	VSDM	Price change alone, distributions left out.
Risk
Volatility	4.2%	2.5%	VSDM	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.5%	2.1%	VSDM	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−5.1%	−2.2%	VSDM	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.55	−0.37	VSDM	Return above Treasury bills per unit of volatility.
Sortino	−0.65	−0.43	VSDM	Return above Treasury bills per unit of downside deviation.
Calmar	0.32	1.40	VSDM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 99 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, MMIT and VSDM hold 7% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first MMIT VSDM

CA STNPWR 07/01/2053, due Jul 1, 2053 0.36% 0.34%

AL ESDPWR 5 11/01/2033, due Nov 1, 2033 0.33% 0.36%

AL ESDPWR 5 09/01/2033, due Sep 1, 2033 0.42% 0.23%

KY KYSPWR 06/01/2055, due Jun 1, 2055 0.36% 0.23%

AL SEEPWR 10/01/2055, due Oct 1, 2055 0.22% 0.50%

CA CCEDEV 08/01/2055, due Aug 1, 2055 0.22% 0.23%

AL BBEUTL 5 12/01/2034, due Dec 1, 2034 0.21% 0.19%

CA CCEDEV 01/01/2055, due Jan 1, 2055 0.18% 0.29%

WA WASMED 08/15/2055, due Aug 15, 2055 0.29% 0.16%

KY KYSPWR 02/01/2050, due Feb 1, 2050 0.16% 0.19%

AL SEEPWR 05/01/2055, due May 1, 2055 0.44% 0.16%

AL SEEPWR 5 10/01/2030, due Oct 1, 2030 0.25% 0.15%

Only in one fund ↓

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%

NY HUYGEN 5 02/15/2042, due Feb 15, 2042 0.91%

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

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

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

Only in VSDM

NJ TRANSPRTN TRUST-A, due Dec 15, 2034 0.41%

FLORIDA ST MUNI PWR A, due Oct 1, 2030 0.38%

CALIFORNIA CMNTY CHOI, due Feb 1, 2052 0.38%

CA CMNTY CHOICE-D, due May 1, 2054 0.37%

BLACK BELT ENERGY-B, due Oct 1, 2055 0.35%

SOUTHERN CA PUB PWR-A, due Nov 1, 2033 0.33%

CA CMNTY CHOICE-D, due Feb 1, 2031 0.32%

LOWER CO RIVER AUTH-B, due May 15, 2045 0.32%

Check overlap with more funds →

Side by side

MMIT NYLIM MacKay Muni Intermediate ETF VSDM Vanguard Short Duration Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer New York Life Investments Vanguard

What it is Actively managed Actively managed

Total return, 1 year +0.4% +1.9%

Expense ratio 0.30% 0.12%

Holdings 854 3315

Net assets, MMIT as of Jul 31, 2026 and VSDM as of Sep 30, 2026 $1.5bn $1.2bn

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

Client brief · page 1 of 2 Report BR-AD6E246144

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

Holdings in common. 7% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. MMIT holds 854 positions and VSDM holds 3315.
Cost. MMIT charges 0.30% of assets a year and VSDM 0.12%, a gap of 0.18 points.

Data as of Oct 28, 2026.

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About each fund

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.

VSDM

VSDM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +1.9% with distributions reinvested. The prospectus expense ratio is 0.12% a year.

Questions people ask

Which returned more over the last year, MMIT or VSDM?: In the year to Oct 28, 2026, with distributions reinvested, MMIT returned +0.4% and VSDM +1.9%.
Which is cheaper, MMIT or VSDM?: VSDM is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

MMIT filings on SEC EDGAR ↗

MMIT prospectus with the expense ratio (SEC) ↗

New York Life Investments website ↗

VSDM filings on SEC EDGAR ↗

VSDM prospectus with the expense ratio (SEC) ↗

Vanguard page for VSDM ↗

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

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