INVG vs MMMA
Comparison between GMO SYSTEMATIC INVESTMENT GRADE CREDIT ETF (INVG, ETF) and NYLI MACKAY MUNI ALLOCATION ETF (MMMA, ETF).
INVG vs MMMA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
INVG
$28M
Winner
MMMA
$28M
Expense Ratio
Winner
INVG
0.25%
MMMA
0.35%
Max Drawdown
INVG
4.71%
Winner
MMMA
3.11%
Sharpe Ratio
INVG
-0.07
Winner
MMMA
0.34
5Y Beta
INVG
0.15
Winner
MMMA
0.11
INVG vs MMMA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
INVG
-1.36%
MMMA
-1.52%
3M
INVG
-0.92%
Winner
MMMA
-0.68%
6M
INVG
-0.96%
Winner
MMMA
+1.05%
1Y
INVG
+3.03%
MMMA
N/A
Max(CAGR)
Winner
INVG
+3.75%
MMMA
+3.73%
INVG vs MMMA - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | INVG | MMMA |
|---|---|---|
| 2026 | -0.40% | +1.70% |
| 2025 | +4.70% | +0.33% |
INVG vs MMMA Drawdown Comparison
The maximum drawdown for INVG was -3.15%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for MMMA was -2.79%, occurring on Mar 24, 2026. Recovery took 66 trading sessions.
The current INVG drawdown is -1.96%. The current MMMA drawdown is -2.17%.
| Rank | INVG | MMMA |
|---|---|---|
| #1 | -3.15% Feb 20, 2026 - Mar 27, 2026 | -2.79% Feb 26, 2026 - Jun 2, 2026 |
| #2 | -1.67% Oct 28, 2025 - Feb 10, 2026 | -2.17% Jul 6, 2026 - Jul 23, 2026 |
| #3 | -1.12% Jul 1, 2025 - Jul 29, 2025 | -0.36% Jan 21, 2026 - Jan 27, 2026 |
| #4 | -0.88% Sep 16, 2025 - Oct 14, 2025 | -0.36% Jun 4, 2026 - Jun 15, 2026 |
| #5 | -0.63% Jun 4, 2025 - Jun 12, 2025 | -0.31% Jan 14, 2026 - Jan 21, 2026 |
| #6 | -0.59% Aug 13, 2025 - Aug 22, 2025 | -0.24% Feb 10, 2026 - Feb 12, 2026 |
| #7 | -0.53% Jun 12, 2025 - Jun 23, 2025 | -0.21% Dec 24, 2025 - Dec 29, 2025 |
| #8 | -0.52% Aug 28, 2025 - Sep 4, 2025 | -0.21% Jun 15, 2026 - Jun 18, 2026 |
| #9 | -0.35% Aug 6, 2025 - Aug 13, 2025 | -0.20% Jan 7, 2026 - Jan 9, 2026 |
| #10 | -0.28% Jul 29, 2025 - Aug 1, 2025 | -0.18% Jan 9, 2026 - Jan 14, 2026 |
| #11 | -0.20% Sep 8, 2025 - Sep 10, 2025 | -0.13% Jun 29, 2026 - Jul 6, 2026 |
| #12 | -0.20% Jun 26, 2025 - Jun 30, 2025 | -0.11% Jun 2, 2026 - Jun 4, 2026 |
| #13 | -0.16% Aug 22, 2025 - Aug 28, 2025 | -0.10% Feb 5, 2026 - Feb 9, 2026 |
| #14 | -0.14% Sep 11, 2025 - Sep 15, 2025 | -0.09% Jun 22, 2026 - Jun 24, 2026 |
| #15 | -0.14% Oct 16, 2025 - Oct 20, 2025 | -0.06% Dec 30, 2025 - Jan 2, 2026 |
Correlation
Correlation between INVG and MMMA is 0.73 which considered as a strong positive correlation - the stocks tend to move together.
0.73
-101
Dividend Comparison (2025 - 2026)
INVG vs MMMA dividend yield comparison.
| Year | INVG | MMMA |
|---|---|---|
| 2026 | 2.25% | 2.17% |
| 2025 | 2.81% | 0.17% |
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