MMIT vs VTI
NYLIM MacKay Muni Intermediate ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, MMIT or VTI?
Municipal Bond against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y 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 | MMIT | VTI |
|---|---|---|
| Expense Ratio | 0.30% | 0.03%Best |
| AUM | $1.5B | $666.9B |
| Dividend Yield | 4.00% | 1.03% |
| Holdings | 856 | 3,543 |
| YTD Return | -1.45% | +11.65%Best |
| 1Y Return | +0.27% | +17.34%Best |
| 3Y Return (annualized) | +2.87% | +20.35%Best |
| 5Y Return (annualized) | +0.45% | +11.72%Best |
| Volatility (annualized) | 5.0%Best | 16.7% |
| Max Drawdown | -12.3%Best | -35.0% |
| $10,000 over 5 years | $10,227 | $17,404Best |
| Fund Family | New York Life Investments | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Blend |
| Inception | Oct 18, 2017 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 18, 2017 to Sep 10, 2026 (8.9 years).
MMIT 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
MMIT vs VTI Performance
NYLIM MacKay Muni Intermediate ETF (MMIT) 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 MMIT returned +0.27% while VTI returned +17.34%. Year to date, MMIT is down 1.45% versus a gain of 11.65% for VTI.
Over three years, MMIT compounded at +2.87% per year against +20.35% for VTI; over five years the annualized figures are +0.45% and +11.72% respectively. Across the full 9-year window we track, VTI has the edge at +13.40% annualized vs +1.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 5.0% for MMIT. 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 -12.3% for MMIT and -35.0% 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 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MMIT charges 0.30% per year while VTI charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, MMIT currently yields 4.00% against 1.03% for VTI.
Holdings Overlap
We hold position weights for 397 holdings in MMIT and 2,787 in VTI, totalling 48.2% 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, MMIT 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 397 positions we hold weights for in MMIT and 2,787 in VTI, against full books of 856 and 3,543.
You are not choosing between two funds in isolation.
Whichever of MMIT 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, MMIT or VTI?
MMIT has an expense ratio of 0.30% while VTI charges 0.03%. VTI is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, MMIT or VTI?
Over the past year MMIT returned +0.27% vs +17.34% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (9 years), MMIT annualized +1.14% vs +13.40% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MMIT or VTI?
VTI has been the more volatile fund at 16.7% annualized versus 5.0% for MMIT. Worst drawdown: MMIT -12.3% vs VTI -35.0%.
Should I hold both MMIT and VTI?
MMIT and VTI have a monthly-return correlation of 0.49, 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, MMIT or VTI?
MMIT yields 4.00% while VTI yields 1.03%, so MMIT currently pays the higher dividend yield.
Is VTI better than MMIT?
VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.