MBND vs. XLE
Compare and contrast key facts about SPDR Nuveen Municipal Bond ETF (MBND) and State Street Energy Select Sector SPDR ETF (XLE).
MBND and XLE 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 State Street. It was launched on Feb 4, 2021. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Performance
MBND vs. XLE - Performance Comparison
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MBND vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | -0.15% | 2.90% | 2.75% | 5.62% | -8.61% | 0.59% |
XLE State Street Energy Select Sector SPDR ETF | 37.91% | 7.88% | 5.56% | -0.63% | 64.32% | 37.66% |
Returns By Period
In the year-to-date period, MBND achieves a -0.15% return, which is significantly lower than XLE's 37.91% return.
MBND
- 1D
- 0.25%
- 1M
- -1.87%
- YTD
- -0.15%
- 6M
- 1.01%
- 1Y
- 3.10%
- 3Y*
- 3.05%
- 5Y*
- 0.68%
- 10Y*
- —
XLE
- 1D
- -1.13%
- 1M
- 10.27%
- YTD
- 37.91%
- 6M
- 39.21%
- 1Y
- 35.32%
- 3Y*
- 17.71%
- 5Y*
- 23.99%
- 10Y*
- 11.65%
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MBND vs. XLE - Expense Ratio Comparison
MBND has a 0.40% expense ratio, which is higher than XLE's 0.08% expense ratio.
Return for Risk
MBND vs. XLE — Risk / Return Rank
MBND
XLE
MBND vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ETF (MBND) and State Street Energy Select Sector SPDR ETF (XLE). 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.
| MBND | XLE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.42 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.84 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.96 | -1.07 |
Martin ratioReturn relative to average drawdown | 2.71 | 5.16 | -2.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MBND | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.42 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.93 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.32 | -0.18 |
Correlation
The correlation between MBND and XLE is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MBND vs. XLE - Dividend Comparison
MBND's dividend yield for the trailing twelve months is around 3.53%, more than XLE's 2.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBND SPDR Nuveen Municipal Bond ETF | 3.53% | 3.43% | 2.72% | 2.53% | 1.61% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE State Street Energy Select Sector SPDR ETF | 2.44% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Drawdowns
MBND vs. XLE - Drawdown Comparison
The maximum MBND drawdown since its inception was -13.18%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for MBND and XLE.
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Drawdown Indicators
| MBND | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -71.26% | +58.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -18.79% | +15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -13.18% | -26.04% | +12.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -1.87% | -2.08% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -18.05% | +13.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 7.14% | -5.93% |
Volatility
MBND vs. XLE - Volatility Comparison
The current volatility for SPDR Nuveen Municipal Bond ETF (MBND) is 1.20%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 5.05%. This indicates that MBND experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBND | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 5.05% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 13.94% | -12.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 24.93% | -21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.45% | 26.06% | -22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 29.48% | -26.05% |