IQ MacKay Municipal Insured ETF (MMIN) Performance
MMIN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.4% since Dec 31, 2025
- 1 year
- −1.1% total return
- 5 years
- +0.1% a year
- Since first price
- +2.1% a year since 2017
MMIN trailing returns vs SPY, QQQ, AGG
| Period | MMIN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.1% | −3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.1% | −5.0% | +7.8% | +8.4% | −1.5% |
| YTD | −1.4% | −4.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −1.1% | −5.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +15.0%+4.8%/yr | +2.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +0.7%+0.1%/yr | −16.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 18, 2017 | +20.7%+2.1%/yr | −8.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MMIN vs SPY
From Oct 18, 2017: MMIN grew to $12,068, SPY to $34,110.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MMIN returns by calendar year
7 of 8 full years positive. Best 2019 (+8.1%), worst 2022 (−11.2%). 2026 is year to date.
MMIN annual returns table
| Year | MMIN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.4% | −7.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +4.7% | −5.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.9% | −3.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.5% | −7.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.2% | −16.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +1.3% | −2.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.5% | −13.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +8.1% | −1.9% | +31.2% | +39.0% | +8.5% |
| 2018 | +2.2% | −8.8% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MMIN largest drawdowns
Now 4.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 27, 2021 | −16.9% | Oct 28, 2022 | Oct 24, 2025 | 1.3 years | 4.2 years |
| Mar 9, 2020 | −13.9% | Mar 20, 2020 | Jul 13, 2020 | 11 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MMIN risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +3.3% | −0.5% | +1.8% |
| Volatility (annualized) | 7.0% | 7.9% | 6.5% |
| Sharpe ratio | -0.13 | -0.49 | -0.07 |
| Sortino ratio | -0.19 | -0.66 | -0.10 |
| Best month | +7.1% | +7.1% | +7.1% |
| Worst month | −4.4% | −4.4% | −4.4% |
| Best 12 months | +12.1% | +12.1% | +12.1% |
| Worst 12 months | −2.3% | −15.3% | −15.3% |
| Positive months | 58% | 50% | 58% |
| Beta vs S&P 500 | 0.34 | 0.33 | — |
| Correlation with S&P 500 | 0.61 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MMIN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −15.3% | +3.4% | +12.1% | 79% |
| 3-year (a year) | 72 | −3.7% | +1.0% | +6.4% | 58% |
| 5-year (a year) | 48 | −0.5% | +1.0% | +2.4% | 92% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
MMIN performance overview
IQ MacKay Municipal Insured ETF (MMIN) returned −1.1% over the past year and +0.1% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +2.1% a year, turning $10,000 into about $12,068. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.9%, from Jul 27, 2021 to Oct 28, 2022, and it took 3.0 years to get back to the old high. MMIN finished 7 of its 8 full calendar years with a gain; the best year was 2019 (+8.1%) and the worst 2022 (−11.2%). Volatility has been 6.5% a year.
Related: MMIN chart, MMIN dividends. See the MMIN overview for the latest quote and fund facts.
MMIN performance FAQ
What is the MMIN return over the past year?
MMIN returned −1.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.0%.
What is the average annual return of MMIN?
MMIN has returned +0.1% a year over 5 years, +2.1% a year since October 18, 2017 (total return, distributions reinvested).
How much would $10,000 invested in MMIN be worth?
$10,000 invested in MMIN at its first recorded close on October 18, 2017 would be worth about $12,068 on October 23, 2026 with distributions reinvested.
What was the worst year for MMIN?
The worst calendar year was 2022, with a total return of −11.2%. The best was 2019 at +8.1%.
What is the biggest drawdown of MMIN?
The largest peak-to-trough decline was −16.9% between July 27, 2021 and October 28, 2022. It recovered to the old high on October 24, 2025, 3.0 years after the bottom.
How volatile is MMIN?
Over the past 3 years MMIN had an annualized volatility of 7.0% and a Sharpe ratio of -0.13 (excess return over 1–3 month T-bills per unit of risk).