SPDR Nuveen Municipal Bond ESG ETF (MBNE)
MBNE is an actively managed ETF by SPDR. MBNE launched on Apr 4, 2022 and has a 0.43% expense ratio.
ETF Info
| Issuer | SPDR |
|---|---|
| Inception Date | Apr 4, 2022 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
MBNE features an expense ratio of 0.43%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR Nuveen Municipal Bond ESG ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SPDR Nuveen Municipal Bond ESG ETF had a return of 2.82% year-to-date (YTD) and 7.82% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.82% | 18.13% |
| 1 month | 1.03% | 1.45% |
| 6 months | 2.85% | 8.81% |
| 1 year | 7.82% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of MBNE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.32% | 0.15% | 0.20% | -1.08% | 0.02% | 1.41% | 0.90% | 0.54% | 2.82% | ||||
| 2023 | 2.33% | -2.02% | 1.86% | -0.12% | -0.86% | 0.92% | 0.25% | -1.08% | -2.21% | -1.06% | 5.24% | 2.70% | 5.82% |
| 2022 | -1.42% | 1.40% | -0.98% | 2.38% | -1.82% | -3.22% | -0.89% | 3.76% | 0.26% | -0.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MBNE is 83, placing it in the top 17% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ESG ETF (MBNE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR Nuveen Municipal Bond ESG ETF granted a 3.01% dividend yield in the last twelve months. The annual payout for that period amounted to $0.91 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.91 | $0.90 | $0.53 |
Dividend yield | 3.01% | 3.01% | 1.81% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Nuveen Municipal Bond ESG ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.64 | |||
| 2023 | $0.00 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.05 | $0.07 | $0.15 | $0.90 |
| 2022 | $0.03 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.14 | $0.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Nuveen Municipal Bond ESG ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Nuveen Municipal Bond ESG ETF was 6.19%, occurring on Oct 26, 2022. Recovery took 65 trading sessions.
The current SPDR Nuveen Municipal Bond ESG ETF drawdown is 0.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.19% | Aug 3, 2022 | 60 | Oct 26, 2022 | 65 | Jan 31, 2023 | 125 |
| -5.1% | Apr 17, 2023 | 138 | Oct 31, 2023 | 22 | Dec 1, 2023 | 160 |
| -2.77% | Apr 8, 2022 | 28 | May 18, 2022 | 10 | Jun 2, 2022 | 38 |
| -2.28% | Jun 8, 2022 | 7 | Jun 16, 2022 | 18 | Jul 14, 2022 | 25 |
| -2.26% | Feb 3, 2023 | 15 | Feb 24, 2023 | 28 | Apr 5, 2023 | 43 |
Volatility
Volatility Chart
The current SPDR Nuveen Municipal Bond ESG ETF volatility is 0.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.