Correlation
The correlation between MBND and MUB is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
MBND vs. MUB - Performance Comparison
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Key characteristics
MBND:
0.52
MUB:
0.30
MBND:
0.62
MUB:
0.36
MBND:
1.10
MUB:
1.05
MBND:
0.42
MUB:
0.26
MBND:
1.36
MUB:
0.75
MBND:
1.58%
MUB:
1.63%
MBND:
4.45%
MUB:
4.78%
MBND:
-13.18%
MUB:
-13.68%
MBND:
-2.76%
MUB:
-3.08%
Returns By Period
In the year-to-date period, MBND achieves a -1.04% return, which is significantly higher than MUB's -1.50% return.
MBND
-1.04%
-0.19%
-2.01%
2.22%
2.12%
N/A
N/A
MUB
-1.50%
-0.52%
-2.82%
1.27%
1.42%
0.33%
1.98%
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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 Rank
MBND
MUB
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.
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Dividends
MBND vs. MUB - Dividend Comparison
MBND's dividend yield for the trailing twelve months is around 2.96%, less than MUB's 3.15% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | 2.96% | 2.72% | 2.52% | 1.61% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 3.15% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
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.
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Volatility
MBND vs. MUB - Volatility Comparison
SPDR Nuveen Municipal Bond ETF (MBND) has a higher volatility of 1.23% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.10%. This indicates that MBND's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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