ALPS Intermediate Municipal Bond ETF (MNBD)
MNBD is an actively managed ETF by ALPS. MNBD launched on May 19, 2022 and has a 0.50% expense ratio.
ETF Info
| ISIN | US00162Q4111 |
|---|---|
| Issuer | ALPS |
| Inception Date | May 19, 2022 |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
MNBD features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MNBD vs. FTABX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ALPS Intermediate Municipal Bond 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
ALPS Intermediate Municipal Bond ETF had a return of 3.17% year-to-date (YTD) and 7.75% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.17% | 18.13% |
| 1 month | 1.07% | 1.45% |
| 6 months | 2.67% | 8.81% |
| 1 year | 7.75% | 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 MNBD, 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 | 0.07% | 0.28% | -0.07% | -0.91% | -0.14% | 1.25% | 0.95% | 0.93% | 3.17% | ||||
| 2023 | 2.48% | -1.93% | 2.06% | -0.13% | -0.80% | 0.77% | 0.23% | -0.71% | -1.99% | -0.74% | 4.63% | 2.33% | 6.13% |
| 2022 | 2.75% | -0.72% | 2.32% | -2.08% | -3.31% | -0.29% | 4.11% | 0.51% | 3.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MNBD is 80, placing it in the top 20% 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 ALPS Intermediate Municipal Bond ETF (MNBD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ALPS Intermediate Municipal Bond ETF granted a 3.60% dividend yield in the last twelve months. The annual payout for that period amounted to $0.94 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.94 | $0.89 | $0.61 |
Dividend yield | 3.60% | 3.44% | 2.40% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS Intermediate Municipal Bond 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 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.00 | $0.59 | |||
| 2023 | $0.07 | $0.05 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.89 |
| 2022 | $0.05 | $0.06 | $0.05 | $0.06 | $0.07 | $0.06 | $0.26 | $0.61 |
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 ALPS Intermediate Municipal Bond 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 ALPS Intermediate Municipal Bond ETF was 5.90%, occurring on Oct 24, 2022. Recovery took 55 trading sessions.
The current ALPS Intermediate Municipal Bond ETF drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.9% | Aug 5, 2022 | 56 | Oct 24, 2022 | 55 | Jan 12, 2023 | 111 |
| -4.39% | Apr 13, 2023 | 136 | Oct 25, 2023 | 24 | Nov 29, 2023 | 160 |
| -2.66% | Feb 3, 2023 | 15 | Feb 24, 2023 | 28 | Apr 5, 2023 | 43 |
| -2.17% | Jun 6, 2022 | 11 | Jun 21, 2022 | 14 | Jul 12, 2022 | 25 |
| -1.57% | Mar 11, 2024 | 56 | May 29, 2024 | 11 | Jun 13, 2024 | 67 |
Volatility
Volatility Chart
The current ALPS Intermediate Municipal Bond ETF volatility is 0.57%, 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.