MMIT vs QLTA

Comparison between NYLI MACKAY MUNI INTERMEDIATE ETF (MMIT, ETF) and ISHARES AAA - A RATED CORPORATE BOND ETF (QLTA, ETF).

5-Year PerformanceMMIT has outperformed QLTA, delivering a return of +0.9% compared to -0.4%

MMIT vs QLTA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMIT(ETF)	QLTA(ETF)
Net Assets	$1.50B	$1.60B
Expense Ratio	0.30%	0.15%
Max Drawdown	14.47%	26.32%
Sharpe Ratio	0.19	-0.50
5Y Beta	0.02	0.11
5Y Dividends CAGR	12.26%	10.99%

Net Assets

MMIT

$1.50B

Winner

QLTA

$1.60B

Expense Ratio

MMIT

0.30%

Winner

QLTA

0.15%

Max Drawdown

Winner

MMIT

14.47%

QLTA

26.32%

Sharpe Ratio

Winner

MMIT

0.19

QLTA

-0.50

5Y Beta

Winner

MMIT

0.02

QLTA

0.11

5Y Dividends CAGR

Winner

MMIT

12.26%

QLTA

10.99%

MMIT vs QLTA - Historical Returns

Returns include dividend reinvestment.

Period	MMIT	QLTA
1 month	-1.21%	-1.30%
3 months	-0.22%	-1.06%
6 months	-0.53%	-1.11%
1 year	+4.42%	+1.52%
5 years(CAGR)	+0.91%	-0.44%
10 years(CAGR)	+2.56%	+1.73%
Max(CAGR)	+2.56%	+2.43%

Winner

MMIT

-1.21%

QLTA

-1.30%

Winner

MMIT

-0.22%

QLTA

-1.06%

Winner

MMIT

-0.53%

QLTA

-1.11%

Winner

MMIT

+4.42%

QLTA

+1.52%

5Y(CAGR)

Winner

MMIT

+0.91%

QLTA

-0.44%

10Y(CAGR)

Winner

MMIT

+2.56%

QLTA

+1.73%

Max(CAGR)

Winner

MMIT

+2.56%

QLTA

+2.43%

MMIT vs QLTA - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	MMIT	QLTA
2026	+0.72%	-0.52%
2025	+4.81%	+7.38%
2024	+1.54%	+1.84%
2023	+5.20%	+6.96%
2022	-7.34%	-14.44%
2021	+1.47%	-1.97%
2020	+6.05%	+9.46%
2019	+7.49%	+12.41%
2018	+2.41%	-1.81%
2017	+0.43%	+5.55%
2016	N/A	+4.23%
2015	N/A	+0.13%
2014	N/A	+6.39%
2013	N/A	-2.60%
2012	N/A	+6.22%

MMIT vs QLTA Drawdown Comparison

The maximum drawdown for MMIT was -12.28%, occurring on Oct 25, 2022. Recovery took 804 trading sessions.

The maximum drawdown for QLTA was -22.28%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current MMIT drawdown is -1.40%. The current QLTA drawdown is -4.31%.

Rank	MMIT	QLTA
#1	-12.28% Jul 19, 2021 - Sep 27, 2024	-22.28% Aug 6, 2020 - Oct 20, 2022
#2	-10.61% Mar 9, 2020 - Jul 20, 2020	-15.24% Mar 6, 2020 - May 29, 2020
#3	-3.65% Mar 3, 2025 - Sep 4, 2025	-7.06% May 2, 2013 - May 27, 2014
#4	-2.59% Feb 27, 2026 - Mar 26, 2026	-5.63% Jul 8, 2016 - Aug 23, 2017
#5	-2.12% Dec 6, 2024 - Feb 28, 2025	-4.40% Jan 30, 2015 - Mar 15, 2016
#6	-1.98% Feb 11, 2021 - May 26, 2021	-4.28% Dec 29, 2017 - Jan 31, 2019
#7	-1.96% Oct 1, 2024 - Dec 3, 2024	-2.71% Sep 4, 2019 - Dec 27, 2019
#8	-1.85% Feb 1, 2018 - Nov 1, 2018	-2.24% Jul 25, 2012 - Sep 24, 2012
#9	-1.68% Sep 4, 2019 - Jan 3, 2020	-2.20% Dec 6, 2012 - Apr 8, 2013
#10	-1.48% Aug 11, 2020 - Nov 19, 2020	-1.78% Feb 28, 2012 - May 1, 2012
#11	-1.21% Nov 12, 2018 - Dec 6, 2018	-1.70% Aug 27, 2014 - Oct 7, 2014
#12	-0.77% Nov 1, 2018 - Nov 12, 2018	-1.53% Oct 17, 2014 - Jan 2, 2015
#13	-0.50% Jan 4, 2019 - Feb 1, 2019	-1.43% May 5, 2016 - Jun 3, 2016
#14	-0.49% Nov 11, 2025 - Dec 22, 2025	-1.21% Jul 3, 2019 - Aug 1, 2019
#15	-0.45% Jun 14, 2021 - Jul 7, 2021	-1.06% Sep 7, 2017 - Dec 13, 2017

Correlation

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

0.83

-101

Dividend Comparison (2012 - 2026)

MMIT vs QLTA dividend yield comparison.

Year	MMIT	QLTA
2026	2.14%	2.73%
2025	3.54%	4.33%
2024	3.76%	4.11%
2023	3.46%	3.39%
2022	2.30%	2.79%
2021	1.81%	1.96%
2020	2.59%	2.31%
2019	4.14%	2.99%
2018	2.46%	3.09%
2017	0.35%	2.67%
2016	0.00%	2.59%
2015	0.00%	2.99%
2014	0.00%	2.32%
2013	0.00%	2.14%
2012	0.00%	1.94%