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ETFs

IQ MacKay Municipal Intermediate ETF

MMIT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 18 2017
Expense Ratio
0.31%
Type
US Bonds
Fund Owner
Index IQ
Volume (1m avg. daily)
$1,722,249
AUM
—
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
PARKER CO 5 2/15/2042
1.72%
n/a
MAIN STREET NATURAL G
1.32%
n/a
MIAMI-DADE CO -REV
1.23%
n/a
BAY AREA TOLL AUTH-A FRN 04/01/2055
1.00%
n/a
ALAMITO PUB FACS CORP
1.00%
n/a
ALAMITO PUB FAC CORP
1.00%
n/a
NEW JERSEY HSG & MTGE
1.00%
n/a
UT ST-BABS-B 3.539 7/1/2025
0.99%
n/a
HICKMAN MILLS C-1 S.D
0.96%
n/a
W PALM BEACH UTIL-A
0.92%
Invest with MMIT

What is MMIT?

The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor s active management approach.

ETFs related toMMIT

ETFs correlated to MMIT include SCMB, VTEB, MMIN

MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MMIT is a US Bonds ETF. The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor s active management approach.

Yes, MMIT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MMIT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MMIT is 0.0126%. This is the percent change in the value of MMIT over the most recent 1-month period. The 3-month return on MMIT is 0.0122%. This is the percent change in the value of MMIT over the most recent 3-month period.

The standard deviation of MMIT for the past year is 0.0443%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MMIT include ITM, HYD, and SHM.

ETFs correlated to MMIT include SCMB, VTEB, and MMIN.

ETFs that are inversely correlated to MMIT include TYO, TBX, and PST.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.