MNBD vs. IBMM

Last updated Apr 1, 2026

Compare and contrast key facts about ALPS Intermediate Municipal Bond ETF (MNBD) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM).

MNBD and IBMM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MNBD is an actively managed fund by ALPS. It was launched on May 19, 2022. IBMM is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Dec 2024 Index. It was launched on Mar 20, 2018.

Performance

MNBD vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Intermediate Municipal Bond ETF (MNBD) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

MNBD vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
MNBD ALPS Intermediate Municipal Bond ETF	-0.95%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Returns By Period

MNBD

• 1D: 0.29%
• 1M: -1.92%
• YTD: 0.30%
• 6M: 1.71%
• 1Y: 5.05%
• 3Y*: 3.77%
• 5Y*: —
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MNBD vs. IBMM - Expense Ratio Comparison

MNBD has a 0.50% expense ratio, which is higher than IBMM's 0.18% expense ratio.

MNBD

ALPS Intermediate Municipal Bond ETF

IBMM

iShares iBonds Dec 2024 Term Muni Bond ETF

Return for Risk

MNBD vs. IBMM — Risk / Return Rank

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

MNBD

MNBD Risk / Return Rank: 73
MNBD Sharpe Ratio Rank: 77
MNBD Sortino Ratio Rank: 73
MNBD Omega Ratio Rank: 84
MNBD Calmar Ratio Rank: 71
MNBD Martin Ratio Rank: 62

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.

MNBD vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Intermediate Municipal Bond ETF (MNBD) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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.

	MNBD	IBMM	Difference
Sharpe ratio Return per unit of total volatility	1.46	—	—
Sortino ratio Return per unit of downside risk	1.88	—	—
Omega ratio Gain probability vs. loss probability	1.33	—	—
Calmar ratio Return relative to maximum drawdown	1.85	—	—
Martin ratio Return relative to average drawdown	6.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MNBD	IBMM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	—	—

Dividends

MNBD vs. IBMM - Dividend Comparison

MNBD's dividend yield for the trailing twelve months is around 3.34%, while IBMM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
MNBD ALPS Intermediate Municipal Bond ETF	3.34%	3.32%	3.83%	3.44%	2.40%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MNBD vs. IBMM - Drawdown Comparison

The maximum MNBD drawdown since its inception was -5.89%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MNBD and IBMM.

Drawdown Indicators

	MNBD	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-5.89%	0.00%	-5.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	—	—
Current Drawdown Current decline from peak	-1.92%	0.00%	-1.92%
Average Drawdown Average peak-to-trough decline	-1.09%	0.00%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	—	—

Volatility

Volatility by Period

	MNBD	IBMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	0.00%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.83%	0.00%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.83%	0.00%	+3.83%