MBND vs. MUB
Compare and contrast key facts about SPDR Nuveen Municipal Bond ETF (MBND) and iShares National AMT-Free Muni Bond ETF (MUB).
MBND and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBND is an actively managed fund by SPDR. It was launched on Feb 4, 2021. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBND or MUB.
Key characteristics
| MBND | MUB | |
|---|---|---|
| YTD Return | 3.47% | 2.21% |
| 1Y Return | 8.25% | 6.84% |
| 3Y Return (Ann) | -0.17% | 0.02% |
| Sharpe Ratio | 2.30 | 1.61 |
| Daily Std Dev | 3.62% | 4.21% |
| Max Drawdown | -13.18% | -13.68% |
| Current Drawdown | -1.06% | -0.59% |
Correlation
The correlation between MBND and MUB is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MBND vs. MUB - Performance Comparison
In the year-to-date period, MBND achieves a 3.47% return, which is significantly higher than MUB's 2.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MBND vs. MUB - Expense Ratio Comparison
MBND has a 0.40% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
MBND vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ETF (MBND) and iShares National AMT-Free Muni Bond ETF (MUB). 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.
Dividends
MBND vs. MUB - Dividend Comparison
MBND's dividend yield for the trailing twelve months is around 2.49%, less than MUB's 2.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | 2.49% | 2.53% | 1.61% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 2.87% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
MBND vs. MUB - Drawdown Comparison
The maximum MBND drawdown since its inception was -13.18%, roughly equal to the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for MBND and MUB. For additional features, visit the drawdowns tool.
Volatility
MBND vs. MUB - Volatility Comparison
The current volatility for SPDR Nuveen Municipal Bond ETF (MBND) is 0.54%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 0.64%. This indicates that MBND experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.