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

In the year to Oct 28, 2026, with distributions reinvested, MMIT returned +0.4% and VTEI 0.0%.

Which is cheaper, MMIT or VTEI?

VTEI is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MMIT vs VTEI: Differences, Returns & Fees

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On Jul 31, 2026 MMIT's duration was 5.7 years and VTEI's 5.6; VTEI charges 0.08% to MMIT's 0.30%.

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Net assets: $1.5bn on Jul 31, 2026 for NYLIM MacKay Muni Intermediate ETF, and $1.7bn on Sep 30, 2026 for Vanguard Intermediate-Term Tax-Exempt Bond ETF.

MMIT on its own →VTEI on its own →

At a glance

+0.4%

MMIT total return, 1 year

0.0%

VTEI total return, 1 year

0.30%

MMIT expense ratio

0.08%

VTEI expense ratio

Pair scorecard

VTEI costs 0.22 points a year less; their one-year returns differ by 0.4 points.

MMIT vs VTEI: Differences, Returns & Fees
Measure	MMIT	VTEI
Return
Measure	MMIT	VTEI
Total return, 1 year	+0.4%	0.0%
Benchmark
Measure	MMIT	VTEI
What it tracks	No index, actively managed	S&P Intermediate Term National AMT-Free Municipal Bond Index
Cost and size
Measure	MMIT	VTEI
Expense ratio	0.30%	0.08%
Net assets, MMIT as of Jul 31, 2026 and VTEI as of Sep 30, 2026	$1.5bn	$1.7bn
Holdings
Measure	MMIT	VTEI
Holdings in common	1%

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

Risk and return

Feb 9, 2024 to Oct 23, 2026 · 141 weekly returns

MMIT VTEI

Return

Total return edge MMIT +6.3% +5.3%

Annualized edge MMIT +2.3% +1.9%

Price return edge VTEI −3.5% −2.8%

Risk

Volatility edge Tie 3.8% 3.8%

Max drawdown edge MMIT (slight) −5.1% −5.3%

Risk-adjusted

Sharpe edge MMIT −0.52 −0.63

Sortino edge MMIT −0.63 −0.76

Calmar edge MMIT 0.45 0.36

Reading

MMIT returned more: +6.3% to +5.3%. MMIT and VTEI swung about the same: 3.8% and 3.8%. MMIT fell slightly less at its worst: −5.1% to −5.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: MMIT vs VTEI: Differences, Returns & Fees
Measure	MMIT	VTEI	Edge	How it is measured
Return
Total return	+6.3%	+5.3%	MMIT	Price change plus distributions, reinvested.
Annualized	+2.3%	+1.9%	MMIT	Total return as a yearly rate.
Price return	−3.5%	−2.8%	VTEI	Price change alone, distributions left out.
Risk
Volatility	3.8%	3.8%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.2%	3.1%	VTEI (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−5.1%	−5.3%	MMIT (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.52	−0.63	MMIT	Return above Treasury bills per unit of volatility.
Sortino	−0.63	−0.76	MMIT	Return above Treasury bills per unit of downside deviation.
Calmar	0.45	0.36	MMIT	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 141 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, MMIT and VTEI hold 1% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first MMIT VTEI

NY HUYGEN 5 02/15/2042, due Feb 15, 2042 0.91% 0.12%

NY NYSTRN 5 09/15/2046, due Sep 15, 2046 0.20% 0.10%

NY HUYGEN 5 02/15/2039, due Feb 15, 2039 0.12% 0.10%

OH JOBGEN 5 01/01/2038, due Jan 1, 2038 0.39% 0.06%

IL ILS 5 03/01/2029, due Mar 1, 2029 0.11% 0.05%

TN METEDU 5 10/01/2045, due Oct 1, 2045 0.21% 0.05%

IL CHITRN 5 01/01/2039, due Jan 1, 2039 0.19% 0.05%

UT INTPWR 5 07/01/2045, due Jul 1, 2045 0.07% 0.05%

MA MASDEV 05/15/2055, due May 15, 2055 0.15% 0.04%

CT AQUWTR 5.25 08/01/2042, due Aug 1, 2042 0.09% 0.04%

IL ILSTRN 5 01/01/2040, due Jan 1, 2040 0.10% 0.04%

NY NYCGEN 5 11/01/2042, due Nov 1, 2042 0.09% 0.03%

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%

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%

Only in VTEI

CALIFORNIA ST-REF, due Oct 1, 2035 0.16%

BAY AREA TOLL AUTH-A, due Apr 1, 2061 0.16%

CALIFORNIA ST -REF, due Apr 1, 2035 0.14%

PALO ALTO UNIF SCH DT, due Aug 1, 2026 0.14%

CA REGENTS UNIV-CD, due May 15, 2036 0.13%

IDAHO ST-TANS, due Jun 30, 2027 0.13%

HOUSTON ISD-PREREFUND, due Feb 15, 2042 0.13%

NEW YORK CITY-G-1, due Nov 1, 2030 0.13%

Check overlap with more funds →

Side by side

MMIT NYLIM MacKay Muni Intermediate ETF VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer New York Life Investments Vanguard

What it is Actively managed Tracks an index

Total return, 1 year +0.4% 0.0%

Expense ratio 0.30% 0.08%

Holdings 854 6268

Net assets, MMIT as of Jul 31, 2026 and VTEI as of Sep 30, 2026 $1.5bn $1.7bn

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

Client brief · page 1 of 2 Report BR-9595DEBCF3

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

What each follows. MMIT follows No index, actively managed and VTEI follows S&P Intermediate Term National AMT-Free Municipal Bond Index.
Holdings in common. 1% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. MMIT holds 854 positions and VTEI holds 6268.

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.

VTEI

VTEI tracks an index. Over the year to Oct 28, 2026 it returned 0.0% with distributions reinvested. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, MMIT or VTEI?: In the year to Oct 28, 2026, with distributions reinvested, MMIT returned +0.4% and VTEI 0.0%.
Which is cheaper, MMIT or VTEI?: VTEI is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

MMIT filings on SEC EDGAR ↗

MMIT prospectus with the expense ratio (SEC) ↗

New York Life Investments website ↗

VTEI filings on SEC EDGAR ↗

VTEI prospectus with the expense ratio (SEC) ↗

Vanguard page for VTEI ↗

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 VTEI, data as of Oct 28, 2026. https://etfiq.com/compare/any/mmit-vs-vtei

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