MMMA vs VYM
NYLI MacKay Muni Allocation ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | MMMA | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $29M | $81.6B | |
| Dividend Yield | 2.68% | 2.24% | |
| Holdings | 50 | 613 | |
| YTD Return | +1.45% | +14.87% | |
| 1Y Return | - | +21.39% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +11.98% | |
| Volatility (annualized) | - | 14.5% | |
| Max Drawdown | -2.8% | -58.8% | |
| Fund Family | New York Life Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 16, 2025 | Nov 10, 2006 |
MMMA vs VYM Performance
NYLI MacKay Muni Allocation ETF (MMMA) is a ETF from New York Life Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, MMMA is up 1.45% versus a gain of 14.87% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.8% for MMMA and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MMMA charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, MMMA currently yields 2.68% against 2.24% for VYM.
Holdings Overlap
MMMA and VYM share 0 holdings out of 620 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, MMMA or VYM?
MMMA has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
What is the holdings overlap between MMMA and VYM?
MMMA and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 620 unique securities.
Which pays a higher dividend, MMMA or VYM?
MMMA yields 2.68% while VYM yields 2.24%, so MMMA currently pays the higher dividend yield.
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