MMIN vs XSW

Comparison between NYLI MACKAY MUNI INSURED ETF (MMIN, ETF) and STATE STREET(R) SPDR(R) S&P(R) SOFTWARE & SERVICES ETF (XSW, ETF).

5-Year PerformanceMMIN has outperformed XSW, delivering a return of +0.7% compared to -0.7%

MMIN vs XSW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMIN(ETF)	XSW(ETF)
Net Assets	$445M	$444M
Expense Ratio	0.30%	0.35%
Max Drawdown	19.91%	45.41%
Sharpe Ratio	1.22	-0.41
5Y Beta	0.03	1.26
P/E Ratio	N/A	-114.39
Forward P/E	N/A	14.64
5Y Dividends CAGR	16.34%	-10.61%
Debt to Equity	N/A	35.11%
P/S Ratio	N/A	2.36
P/B Ratio	N/A	3.53

Net Assets

Winner

MMIN

$445M

XSW

$444M

Expense Ratio

Winner

MMIN

0.30%

XSW

0.35%

Max Drawdown

Winner

MMIN

19.91%

XSW

45.41%

Sharpe Ratio

Winner

MMIN

1.22

XSW

-0.41

5Y Beta

Winner

MMIN

0.03

XSW

1.26

P/E Ratio

MMIN

N/A

XSW

-114.39

Forward P/E

MMIN

N/A

XSW

14.64

5Y Dividends CAGR

Winner

MMIN

16.34%

XSW

-10.61%

Debt to Equity

MMIN

N/A

XSW

35.11%

P/S Ratio

MMIN

N/A

XSW

2.36

P/B Ratio

MMIN

N/A

XSW

3.53

MMIN vs XSW - Historical Returns

Returns include dividend reinvestment.

Period	MMIN	XSW
1 month	+1.51%	+1.70%
3 months	+1.23%	+7.16%
6 months	+2.57%	-13.48%
1 year	+8.30%	-10.69%
5 years(CAGR)	+0.69%	-0.72%
10 years(CAGR)	+2.64%	+12.65%
Max(CAGR)	+2.64%	+14.39%

MMIN

+1.51%

Winner

XSW

+1.70%

MMIN

+1.23%

Winner

XSW

+7.16%

Winner

MMIN

+2.57%

XSW

-13.48%

Winner

MMIN

+8.30%

XSW

-10.69%

5Y(CAGR)

Winner

MMIN

+0.69%

XSW

-0.72%

10Y(CAGR)

MMIN

+2.64%

Winner

XSW

+12.65%

Max(CAGR)

MMIN

+2.64%

Winner

XSW

+14.39%

MMIN vs XSW - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	MMIN	XSW
2026	+2.09%	-11.68%
2025	+4.17%	-1.16%
2024	+1.09%	+29.32%
2023	+6.86%	+38.62%
2022	-11.14%	-34.54%
2021	+1.33%	+9.73%
2020	+7.40%	+50.39%
2019	+8.08%	+35.90%
2018	+1.96%	+7.47%
2017	+1.20%	+27.51%
2016	N/A	+12.67%
2015	N/A	+10.00%
2014	N/A	+6.95%
2013	N/A	+44.43%
2012	N/A	+13.85%
2011	N/A	+13.75%

MMIN vs XSW Drawdown Comparison

The maximum drawdown for MMIN was -16.87%, occurring on Oct 28, 2022. Recovery took 1067 trading sessions.

The maximum drawdown for XSW was -45.38%, occurring on Nov 9, 2022. Recovery took 755 trading sessions.

The current MMIN drawdown is -0.12%. The current XSW drawdown is -20.93%.

Rank	MMIN	XSW
#1	-16.87% Jul 27, 2021 - Oct 24, 2025	-45.38% Nov 9, 2021 - Nov 11, 2024
#2	-13.91% Mar 9, 2020 - Jul 13, 2020	-37.82% Feb 19, 2020 - Jun 23, 2020
#3	-8.85% May 16, 2018 - Aug 1, 2019	-33.75% Sep 22, 2025 - Apr 10, 2026
#4	-2.87% Feb 27, 2026 - Jun 16, 2026	-30.79% Dec 6, 2024 - Sep 22, 2025
#5	-2.60% Feb 16, 2021 - Jun 9, 2021	-24.69% Jun 23, 2015 - Jul 12, 2016
#6	-2.26% Feb 5, 2018 - May 16, 2018	-24.20% Sep 14, 2018 - Feb 25, 2019
#7	-2.00% Aug 10, 2020 - Nov 20, 2020	-16.73% Mar 5, 2014 - Dec 19, 2014
#8	-1.90% Aug 28, 2019 - Oct 8, 2019	-14.60% Feb 12, 2021 - Aug 27, 2021
#9	-1.78% Oct 9, 2019 - Jan 6, 2020	-12.81% Mar 27, 2012 - Sep 7, 2012
#10	-0.54% Oct 24, 2025 - Nov 28, 2025	-11.35% Sep 14, 2012 - Jan 11, 2013
#11	-0.53% Jun 14, 2021 - Jul 8, 2021	-10.81% Sep 2, 2020 - Oct 12, 2020
#12	-0.46% Nov 28, 2025 - Dec 19, 2025	-10.50% Jul 26, 2019 - Nov 26, 2019
#13	-0.46% Jan 14, 2026 - Jan 30, 2026	-10.22% Oct 27, 2011 - Jan 24, 2012
#14	-0.38% Jan 31, 2020 - Feb 19, 2020	-9.11% Apr 30, 2019 - Jul 10, 2019
#15	-0.33% Jan 5, 2021 - Jan 25, 2021	-9.02% Oct 13, 2020 - Nov 16, 2020

Correlation

Correlation between MMIN and XSW is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2011 - 2026)

MMIN vs XSW dividend yield comparison.

Year	MMIN	XSW
2026	1.67%	0.00%
2025	4.07%	0.06%
2024	3.96%	0.07%
2023	3.73%	0.20%
2022	2.93%	0.09%
2021	1.72%	0.13%
2020	2.21%	0.26%
2019	2.75%	0.12%
2018	2.78%	0.31%
2017	0.48%	0.46%
2016	0.00%	0.87%
2015	0.00%	0.54%
2014	0.00%	0.53%
2013	0.00%	2.07%
2012	0.00%	3.64%
2011	0.00%	0.06%