NYLI MacKay Muni Short Duration ETF (MMSD) Performance
MMSD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.4% since Dec 31, 2025
- 1 year
- +1.9% total return
- Since first price
- +5.1% since 2025
MMSD trailing returns vs AGG, TLT, SPY
| Period | MMSD total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +0.8% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.3% | −0.5% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.4% | −1.4% | −1.5% | −3.8% | +7.8% |
| YTD | +1.4% | −1.3% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.9% | −1.6% | −1.1% | −6.9% | +14.4% |
| Since inceptionMay 6, 2025 | +5.1% | +0.0% | — | — | — |
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: MMSD vs AGG
From May 6, 2025: MMSD grew to $10,509, AGG to $10,359.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MMSD returns by calendar year
2026 is year to date.
MMSD annual returns table
| Year | MMSD | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.4% | −2.4% | −1.0% | −3.4% | +12.3% |
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.
MMSD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +2.6% |
| Volatility (annualized) | 2.3% |
| Sharpe ratio | -0.50 |
| Sortino ratio | -0.55 |
| Best month | +0.9% |
| Worst month | −1.5% |
| Best 12 months | +4.7% |
| Worst 12 months | +0.7% |
| Positive months | 81% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
MMSD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 6 | +0.7% | +2.9% | +4.7% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
MMSD performance overview
NYLI MacKay Muni Short Duration ETF (MMSD) returned +1.9% over the past year, with distributions reinvested. Since its first recorded price on May 6, 2025 it has returned +5.1%. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: MMSD chart, MMSD dividends, MMSD bond profile. See the MMSD overview for the latest quote and fund facts.
MMSD performance FAQ
What is the MMSD return over the past year?
MMSD returned +1.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.6%.
How much would $10,000 invested in MMSD be worth?
$10,000 invested in MMSD at its first recorded close on May 6, 2025 would be worth about $10,509 on October 23, 2026 with distributions reinvested.
How volatile is MMSD?
Over the past history MMSD had an annualized volatility of 2.3% and a Sharpe ratio of -0.50 (excess return over 1–3 month T-bills per unit of risk).