MMCA vs VOO
NYLI MacKay California Muni Intermediate ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MMCA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $90M | $979.0B | |
| Dividend Yield | 3.54% | 1.09% | |
| Holdings | 114 | 509 | |
| YTD Return | +0.32% | +13.44% | |
| 1Y Return | +4.09% | +22.62% | |
| 3Y Return (annualized) | +3.81% | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 6.4% | 14.1% | |
| Max Drawdown | -16.0% | -34.3% | |
| Fund Family | New York Life Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 21, 2021 | Sep 7, 2010 |
MMCA vs VOO Performance
NYLI MacKay California Muni Intermediate ETF (MMCA) is a ETF from New York Life Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MMCA returned +4.09% while VOO returned +22.62%. Year to date, MMCA is up 0.32% versus a gain of 13.44% for VOO.
Over three years, MMCA compounded at +3.81% per year against +21.47% for VOO. Across the full 5-year window we track, VOO has the edge at +13.55% annualized vs +0.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 6.4% for MMCA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.0% for MMCA and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MMCA charges 0.36% per year while VOO charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, MMCA currently yields 3.54% against 1.09% for VOO.
Holdings Overlap
MMCA and VOO share 0 holdings out of 532 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MMCA or VOO?
MMCA has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, MMCA or VOO?
Over the past year MMCA returned +4.09% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), MMCA annualized +0.02% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, MMCA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.4% for MMCA. Worst drawdown: MMCA -16.0% vs VOO -34.3%.
Should I hold both MMCA and VOO?
MMCA and VOO have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMCA and VOO?
MMCA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, MMCA or VOO?
MMCA yields 3.54% while VOO yields 1.09%, so MMCA currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.