MBND vs. EINC
MBND (SPDR Nuveen Municipal Bond ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - MBND is a Municipal Bonds fund actively managed by State Street, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. MBND is actively managed, while EINC is passively managed. Over the past 5 years, MBND returned 0.61%/yr vs 20.86%/yr for EINC. At a 0.02 correlation, their price movements are largely independent. MBND charges 0.40%/yr vs 0.45%/yr for EINC.
Performance
MBND vs. EINC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MBND achieves a 1.16% return, which is significantly lower than EINC's 24.27% return.
MBND
- 1D
- 0.11%
- 1M
- 1.12%
- YTD
- 1.16%
- 6M
- 1.40%
- 1Y
- 4.69%
- 3Y*
- 3.61%
- 5Y*
- 0.61%
- 10Y*
- —
EINC
- 1D
- 1.33%
- 1M
- -5.79%
- YTD
- 24.27%
- 6M
- 25.77%
- 1Y
- 27.21%
- 3Y*
- 29.77%
- 5Y*
- 20.86%
- 10Y*
- 11.88%
MBND vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | 1.16% | 2.90% | 2.75% | 5.62% | -8.61% | 0.49% |
EINC VanEck Energy Income ETF | 24.27% | 7.11% | 42.79% | 15.55% | 19.18% | 29.67% |
Correlation
The correlation between MBND and EINC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021 | 0.02 |
The correlation between MBND and EINC shifts across timeframes, from -0.17 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MBND vs. EINC — Risk / Return Rank
MBND
EINC
MBND vs. EINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ETF (MBND) and VanEck Energy Income ETF (EINC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MBND | EINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.47 | -1.46 |
| Martin ratioReturn relative to average drawdown | 6.56 | 8.82 | -2.27 |
Loading charts...
Drawdowns
MBND vs. EINC - Drawdown Comparison
The maximum MBND drawdown since its inception was -13.18%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for MBND and EINC.
Loading charts...
Drawdown Indicators
| MBND | EINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -87.55% | +74.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -7.89% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -16.01% | +11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -13.18% | -19.87% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.85% | — |
Current DrawdownCurrent decline from peak | -0.58% | -5.79% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -44.16% | +40.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 3.09% | -2.34% |
Volatility
MBND vs. EINC - Volatility Comparison
The current volatility for SPDR Nuveen Municipal Bond ETF (MBND) is 1.35%, while VanEck Energy Income ETF (EINC) has a volatility of 6.32%. This indicates that MBND experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MBND | EINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 6.32% | -4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 11.86% | -9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 15.07% | -12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 19.54% | -16.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 25.43% | -22.00% |
MBND vs. EINC - Expense Ratio Comparison
MBND has a 0.40% expense ratio, which is lower than EINC's 0.45% expense ratio.
Dividends
MBND vs. EINC - Dividend Comparison
MBND's dividend yield for the trailing twelve months is around 3.49%, less than EINC's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 3.56% | 4.51% | 3.33% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% |
MBND SPDR Nuveen Municipal Bond ETF | 3.49% | 3.43% | 2.72% | 2.53% | 1.61% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MBND and EINC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EINC has higher volatility (6.32%) compared to MBND (1.35%). In terms of maximum drawdown, MBND dropped -13.18% vs EINC's -87.55%.
On 5-year performance, EINC leads with 20.86% vs 0.61% for MBND. On fees, MBND is cheaper at 0.40% per year. On volatility, MBND has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EINC has performed better with a 20.86% return vs 0.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBND is cheaper with a 0.40% expense ratio, compared with 0.45% for EINC.
EINC has the higher dividend yield at 3.56%, compared with 3.49% for MBND.
MBND is categorized as Municipal Bonds, while EINC is Energy Equities. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.40% for MBND and 0.45% for EINC.
EINC currently has the higher Sharpe Ratio (1.82 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for MBND and EINC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer