MMIT vs CTA
Comparison between NYLI MACKAY MUNI INTERMEDIATE ETF (MMIT, ETF) and SIMPLIFY MANAGED FUTURES STRATEGY ETF (CTA, ETF).
MMIT vs CTA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MMIT
$1.50B
CTA
$1.50B
Expense Ratio
Winner
MMIT
0.30%
CTA
0.75%
Max Drawdown
Winner
MMIT
14.47%
CTA
22.46%
Sharpe Ratio
Winner
MMIT
0.19
CTA
0.04
5Y Beta
MMIT
0.02
Winner
CTA
-0.10
5Y Dividends CAGR
MMIT
12.26%
CTA
N/A
MMIT vs CTA - Historical Returns
Returns include dividend reinvestment.
1M
MMIT
-1.21%
Winner
CTA
+0.46%
3M
Winner
MMIT
-0.22%
CTA
-14.23%
6M
Winner
MMIT
-0.53%
CTA
-5.23%
1Y
Winner
MMIT
+4.42%
CTA
+1.52%
5Y(CAGR)
MMIT
+0.91%
Winner
CTA
+6.59%
10Y(CAGR)
MMIT
+2.56%
CTA
N/A
Max(CAGR)
MMIT
+2.56%
Winner
CTA
+6.59%
MMIT vs CTA - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | MMIT | CTA |
|---|---|---|
| 2026 | +0.72% | -0.79% |
| 2025 | +4.81% | +0.56% |
| 2024 | +1.54% | +22.54% |
| 2023 | +5.20% | -2.92% |
| 2022 | -7.34% | +9.54% |
| 2021 | +1.47% | N/A |
| 2020 | +6.05% | N/A |
| 2019 | +7.49% | N/A |
| 2018 | +2.41% | N/A |
| 2017 | +0.43% | N/A |
MMIT vs CTA Drawdown Comparison
The maximum drawdown for MMIT was -12.28%, occurring on Oct 25, 2022. Recovery took 804 trading sessions.
The maximum drawdown for CTA was -20.79%, occurring on Aug 4, 2026. This drawdown has not yet recovered.
The current MMIT drawdown is -1.40%. The current CTA drawdown is -18.89%.
| Rank | MMIT | CTA |
|---|---|---|
| #1 | -12.28% Jul 19, 2021 - Sep 27, 2024 | -20.79% May 4, 2026 - Aug 4, 2026 |
| #2 | -10.61% Mar 9, 2020 - Jul 20, 2020 | -18.09% Oct 14, 2022 - Apr 10, 2024 |
| #3 | -3.65% Mar 3, 2025 - Sep 4, 2025 | -11.23% Feb 19, 2025 - Feb 18, 2026 |
| #4 | -2.59% Feb 27, 2026 - Mar 26, 2026 | -8.34% May 20, 2024 - Nov 21, 2024 |
| #5 | -2.12% Dec 6, 2024 - Feb 28, 2025 | -8.33% Apr 6, 2026 - Apr 28, 2026 |
| #6 | -1.98% Feb 11, 2021 - May 26, 2021 | -6.39% Mar 18, 2026 - Apr 2, 2026 |
| #7 | -1.96% Oct 1, 2024 - Dec 3, 2024 | -5.28% Mar 8, 2022 - Apr 18, 2022 |
| #8 | -1.85% Feb 1, 2018 - Nov 1, 2018 | -4.17% May 12, 2022 - Jun 30, 2022 |
| #9 | -1.68% Sep 4, 2019 - Jan 3, 2020 | -4.00% Sep 26, 2022 - Oct 14, 2022 |
| #10 | -1.48% Aug 11, 2020 - Nov 19, 2020 | -3.69% Jul 25, 2022 - Aug 31, 2022 |
| #11 | -1.21% Nov 12, 2018 - Dec 6, 2018 | -3.03% Nov 22, 2024 - Dec 13, 2024 |
| #12 | -0.77% Nov 1, 2018 - Nov 12, 2018 | -2.97% Sep 1, 2022 - Sep 14, 2022 |
| #13 | -0.50% Jan 4, 2019 - Feb 1, 2019 | -2.63% Dec 18, 2024 - Jan 10, 2025 |
| #14 | -0.49% Nov 11, 2025 - Dec 22, 2025 | -2.42% Jul 6, 2022 - Jul 14, 2022 |
| #15 | -0.45% Jun 14, 2021 - Jul 7, 2021 | -2.35% Apr 26, 2024 - May 13, 2024 |
Correlation
Correlation between MMIT and CTA is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (2017 - 2026)
MMIT vs CTA dividend yield comparison.
| Year | MMIT | CTA |
|---|---|---|
| 2026 | 2.14% | 3.68% |
| 2025 | 3.54% | 3.19% |
| 2024 | 3.76% | 4.80% |
| 2023 | 3.46% | 7.78% |
| 2022 | 2.30% | 6.58% |
| 2021 | 1.81% | 0.00% |
| 2020 | 2.59% | 0.00% |
| 2019 | 4.14% | 0.00% |
| 2018 | 2.46% | 0.00% |
| 2017 | 0.35% | 0.00% |
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