MMIN vs VYM
NYLI MacKay Muni Insured ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MMIN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.04% | |
| AUM | $469M | $79.0B | |
| Dividend Yield | 4.43% | 2.86% | |
| Holdings | 397 | 568 | |
| YTD Return | +1.45% | +16.16% | |
| 1Y Return | +7.24% | +26.05% | |
| 3Y Return (annualized) | +3.85% | +18.43% | |
| 5Y Return (annualized) | +0.42% | +12.21% | |
| Volatility (annualized) | 6.3% | 14.6% | |
| Max Drawdown | -16.9% | -58.8% | |
| Fund Family | INDEXIQ ETF TRUST | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 18, 2017 | Nov 10, 2006 |
MMIN vs VYM Performance
NYLI MacKay Muni Insured ETF (MMIN) is a ETF from INDEXIQ ETF TRUST and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MMIN returned +7.24% while VYM returned +26.05%. Year to date, MMIN is up 1.45% versus a gain of 16.16% for VYM.
Over three years, MMIN compounded at +3.85% per year against +18.43% for VYM; over five years the annualized figures are +0.42% and +12.21% respectively. Across the full 9-year window we track, VYM has the edge at +7.09% annualized vs +1.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 6.3% for MMIN. 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 -16.9% for MMIN and -58.8% for VYM. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMIN charges 0.30% per year while VYM charges 0.04%. On a $10,000 position that is $30 vs $4 annually, a gap of $26 per year that compounds over a long holding period. On income, MMIN currently yields 4.43% against 2.86% for VYM.
Holdings Overlap
MMIN and VYM share 0 holdings out of 709 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, MMIN or VYM?
MMIN has an expense ratio of 0.30% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, MMIN or VYM?
Over the past year MMIN returned +7.24% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (9 years), MMIN annualized +1.51% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, MMIN or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.3% for MMIN. Worst drawdown: MMIN -16.9% vs VYM -58.8%.
Should I hold both MMIN and VYM?
MMIN and VYM have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMIN and VYM?
MMIN and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 709 unique securities.
Which pays a higher dividend, MMIN or VYM?
MMIN yields 4.43% while VYM yields 2.86%, so MMIN currently pays the higher dividend yield.
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