ALPS Intermediate Municipal Bond ETF (MNBD) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MNBD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MNBD
MNBD charges 0.50% annually. There are 130 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.93B | Oct 2022 | MNBD vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | MNBD vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | MNBD vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 169.01M | Aug 2025 | MNBD vs TAXI | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | MNBD vs TAXT |
Best Risk-Adjusted Alternatives to MNBD
MNBD has a PortfoliosLab risk / return rank of 54. There are 83 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | MNBD vs MYMF | |
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | MNBD vs MYMG | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | MNBD vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | MNBD vs GUMI | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.36B | Mar 2015 | MNBD vs MEAR |
Top Performing MNBD Alternatives (YTD)
MNBD is at 0.65% YTD. There are 80 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 2.90%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 2.90% | 4.54M | May 2023 | MNBD vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.46% | 30.60M | Sep 2019 | MNBD vs OVM | |
| NYLI MacKay Muni Allocation ETF | 2.45% | 28.01M | Dec 2025 | MNBD vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.42% | 142.95M | Jun 2013 | MNBD vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.17% | 26.19M | Nov 2025 | MNBD vs THYM |
Lowest Volatility Alternatives to MNBD
MNBD has 2.57% 1-year volatility. There are 58 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 34.95M | Sep 2025 | MNBD vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.65% | 8.74M | Sep 2024 | MNBD vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | MNBD vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | MNBD vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | MNBD vs MYMG |
Lowest Drawdown Alternatives to MNBD
MNBD has a 1-year max drawdown of -2.38%. There are 45 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.23% | 246.47M | Nov 2018 | MNBD vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | MNBD vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | MNBD vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | MNBD vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 576.01M | Apr 2019 | MNBD vs IBMO |
Other ETFs from ALPS
The 7 most viewed ALPS ETFs shown here include REIT, ELFY, CCNR and span 12 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ALPS Active REIT ETF | REIT | 77 | 20.12% | 58.29M | Feb 2021 | MNBD vs REIT | |
| ALPS Electrification Infrastructure ETF | Infrastructure Equities, Utilities Equities | 46 | 18.04% | 191.85M | Apr 2025 | MNBD vs ELFY | |
| ALPS/CoreCommodity Natural Resources ETF | Natural Resources | 90 | 16.37% | 427.46M | Jul 2024 | MNBD vs CCNR | |
| ALPS Smith Core Plus Bond ETF | Intermediate Core-Plus Bond | 23 | -0.32% | 2.96B | Dec 2023 | MNBD vs SMTH | |
| Level Four Large Cap Growth Active ETF | Large Cap Growth Equities | 52 | 11.71% | 137.58M | Aug 2023 | MNBD vs LGRO | |
| ALPS O'Shares International Developed Quality Divi... | Quality Factor, Foreign Large Cap Equities, Dividend | — | 8.56% | 36.48M | Aug 2015 | MNBD vs OEFA | |
| ALPS Nautilus SMR, Nuclear & Technology ETF | Actively Managed, Energy Equities, Technology Equities | — | — | 14.45M | Feb 2026 | MNBD vs SMRF |
Often Compared With MNBD
Investors most often compare MNBD with INMU, FTABX, MINO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare MNBD with Any Fund or Stock
Compare MNBD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MNBD with funds that move differently
ALPS Intermediate Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MNBD.
Explore MNBD Diversifiers