MMCA vs VTI
NYLIM MacKay California Muni Intermediate ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, MMCA or VTI?
Municipal Bond against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MMCA | VTI |
|---|---|---|
| Expense Ratio | 0.36% | 0.03%Best |
| AUM | $89M | $666.9B |
| Dividend Yield | 3.58% | 1.03% |
| Holdings | 123 | 3,543 |
| YTD Return | -1.59% | +12.57%Best |
| 1Y Return | -0.07% | +17.22%Best |
| 3Y Return (annualized) | +3.32% | +20.87%Best |
| 5Y Return (annualized) | - | +11.86% |
| Volatility (annualized) | 6.3%Best | 16.1% |
| Max Drawdown | -16.0%Best | -25.4% |
| $10,000 over 4.7 years | $9,818 | $16,956Best |
| Fund Family | New York Life Investments | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Dec 21, 2021 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Dec 21, 2021 to Sep 11, 2026 (4.7 years).
MMCA vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.7 years both funds cover.
MMCA vs VTI Performance
NYLIM MacKay California Muni Intermediate ETF (MMCA) is an ETF from New York Life Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year MMCA returned -0.07% while VTI returned +17.22%. Year to date, MMCA is down 1.59% versus a gain of 12.57% for VTI.
Over three years, MMCA compounded at +3.32% per year against +20.87% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 6.3% 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 -25.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VTI 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 3.58% against 1.03% for VTI.
Holdings Overlap
We hold position weights for 26 holdings in MMCA and 2,787 in VTI, totalling 22.8% and 90.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 49 days apart, MMCA as of Aug 18, 2026 and VTI as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 26 positions we hold weights for in MMCA and 2,787 in VTI, against full books of 123 and 3,543.
You are not choosing between two funds in isolation.
Whichever of MMCA and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MMCA or VTI?
MMCA has an expense ratio of 0.36% while VTI charges 0.03%. VTI is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, MMCA or VTI?
Over the past year MMCA returned -0.07% vs +17.22% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MMCA or VTI?
VTI has been the more volatile fund at 16.1% annualized versus 6.3% for MMCA. Worst drawdown: MMCA -16.0% vs VTI -25.4%.
Should I hold both MMCA and VTI?
MMCA and VTI have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MMCA or VTI?
MMCA yields 3.58% while VTI yields 1.03%, so MMCA currently pays the higher dividend yield.
Is VTI better than MMCA?
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.