MBNE vs. ASTX

Last updated Jul 17, 2026

MBNE (SPDR Nuveen Municipal Bond ESG ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both exchange-traded funds - MBNE is a Municipal Bonds fund actively managed by State Street, while ASTX is a Leveraged Equities fund actively managed by Tradr. Both are actively managed. Over the past year, MBNE returned 4.94% vs -72.09% for ASTX. At a correlation of -0.03, they often move in opposite directions. MBNE charges 0.43%/yr vs 1.30%/yr for ASTX.

Performance

MBNE vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Nuveen Municipal Bond ESG ETF (MBNE) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBNE achieves a 0.84% return, which is significantly higher than ASTX's -75.95% return.

MBNE

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.21%
• YTD: 0.84%
• 1Y: 4.94%
• 3Y*: 2.65%
• 5Y*: —
• 10Y*: —

ASTX

• 1D: -34.05%
• 1M: -61.30%
• 6M: -86.67%
• YTD: -75.95%
• 1Y: -72.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MBNE vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
MBNE SPDR Nuveen Municipal Bond ESG ETF	0.84%	3.09%
ASTX Tradr 2X Long ASTS Daily ETF	-75.95%	63.68%

Correlation

The correlation between MBNE and ASTX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.03

Return for Risk

MBNE vs. ASTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBNE

MBNE Risk / Return Rank: 71
MBNE Sharpe Ratio Rank: 77
MBNE Sortino Ratio Rank: 77
MBNE Omega Ratio Rank: 91
MBNE Calmar Ratio Rank: 62
MBNE Martin Ratio Rank: 52

ASTX

ASTX Risk / Return Rank: 9
ASTX Sharpe Ratio Rank: 6
ASTX Sortino Ratio Rank: 17
ASTX Omega Ratio Rank: 16
ASTX Calmar Ratio Rank: 3
ASTX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MBNE vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Municipal Bond ESG ETF (MBNE) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

	MBNE	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	-0.33	+2.29
Sortino ratio: Return per unit of downside risk	2.78	0.75	+2.03
Omega ratio: Gain probability vs. loss probability	1.47	1.08	+0.38
Calmar ratio: Return relative to maximum drawdown	2.46	-0.80	+3.26
Martin ratio: Return relative to average drawdown	6.99	-1.35	+8.34

MBNE vs. ASTX - Sharpe Ratio Comparison

The current MBNE Sharpe Ratio is 1.96, which is higher than the ASTX Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of MBNE and ASTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MBNE vs. ASTX - Drawdown Comparison

The maximum MBNE drawdown since its inception was -6.19%, smaller than the maximum ASTX drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for MBNE and ASTX.

Drawdown Indicators

	MBNE	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-6.19%	-90.27%	+84.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	-90.27%	+88.25%
Max Drawdown (3Y) Largest decline over 3 years	-4.98%	—	—
Current Drawdown Current decline from peak	-1.04%	-90.27%	+89.23%
Average Drawdown Average peak-to-trough decline	-1.40%	-47.79%	+46.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	53.28%	-52.57%

Volatility

MBNE vs. ASTX - Volatility Comparison

The current volatility for SPDR Nuveen Municipal Bond ESG ETF (MBNE) is 0.00%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 69.77%. This indicates that MBNE experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBNE	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	69.77%	-69.77%
Volatility (6M) Calculated over the trailing 6-month period	1.82%	167.24%	-165.42%
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	217.86%	-215.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	217.27%	-213.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	217.27%	-213.62%

MBNE vs. ASTX - Expense Ratio Comparison

MBNE has a 0.43% expense ratio, which is lower than ASTX's 1.30% expense ratio.

Dividends

MBNE vs. ASTX - Dividend Comparison

MBNE's dividend yield for the trailing twelve months is around 2.84%, while ASTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ASTX Tradr 2X Long ASTS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
MBNE SPDR Nuveen Municipal Bond ESG ETF	2.84%	3.63%	3.32%	3.01%	1.81%

Frequently Asked Questions

Can I hold both MBNE and ASTX in my portfolio?

MBNE and ASTX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBNE or ASTX?

ASTX has higher volatility (69.77%) compared to MBNE (0.00%). In terms of maximum drawdown, MBNE dropped -6.19% vs ASTX's -90.27%.

Which ETF is better, MBNE or ASTX?

On 1-year performance, MBNE leads with 4.94% vs -72.09% for ASTX. On fees, MBNE is cheaper at 0.43% per year. On volatility, MBNE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MBNE or ASTX?

Over the 1-year period, MBNE has performed better with a 4.94% return vs -72.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MBNE or ASTX?

MBNE is cheaper with a 0.43% expense ratio, compared with 1.30% for ASTX.

Which ETF pays a higher dividend yield, MBNE or ASTX?

MBNE has the higher dividend yield at 2.84%, compared with 0.00% for ASTX.

What is the main difference between MBNE and ASTX?

MBNE is categorized as Municipal Bonds, while ASTX is Leveraged Equities. They also come from different issuers: State Street and Tradr. Their fees differ too: 0.43% for MBNE and 1.30% for ASTX.

Which has better risk-adjusted returns?

MBNE currently has the higher Sharpe Ratio (1.96 vs -0.33), 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.