MNBD vs. SMRF
MNBD (ALPS Intermediate Municipal Bond ETF) and SMRF (ALPS Nautilus SMR, Nuclear & Technology ETF) are both exchange-traded funds - MNBD is a Municipal Bonds fund actively managed by ALPS, while SMRF is a Actively Managed fund actively managed by ALPS. Both are actively managed. Their 0.36 correlation means their historical movements had little consistent relationship. MNBD charges 0.50%/yr vs 0.65%/yr for SMRF.
Performance
MNBD vs. SMRF - Performance Comparison
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Returns By Period
MNBD
- 1D
- 0.19%
- 1M
- -1.28%
- 6M
- -0.33%
- YTD
- 0.65%
- 1Y
- 3.93%
- 3Y*
- 4.00%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.16%
SMRF
- 1D
- 4.73%
- 1M
- -3.83%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $162.80K | $123.01K | $162.44K | |
| $242.56K | $268.44K | $363.09K |
MNBD vs. SMRF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MNBD ALPS Intermediate Municipal Bond ETF | -1.10% |
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF | -4.17% |
Correlation
The correlation between MNBD and SMRF is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026 | 0.36 |
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Return for Risk
MNBD vs. SMRF — Risk / Return Rank
MNBD
SMRF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MNBD vs. SMRF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Intermediate Municipal Bond ETF (MNBD) and ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF). 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.
| MNBD | SMRF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | — | — |
| Martin ratioReturn relative to average drawdown | 4.85 | — | — |
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Drawdowns
MNBD vs. SMRF - Drawdown Comparison
The maximum MNBD drawdown since its inception was -5.89%, smaller than the maximum SMRF drawdown of -26.22%. Use the drawdown chart below to compare losses from any high point for MNBD and SMRF.
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Drawdown Indicators
| MNBD | SMRF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.89% | -26.22% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -17.77% | +16.19% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -8.67% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | — | — |
Volatility
MNBD vs. SMRF - Volatility Comparison
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Volatility by Period
| MNBD | SMRF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 46.48% | -43.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 46.48% | -42.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.74% | 46.48% | -42.74% |
MNBD vs. SMRF - Expense Ratio Comparison
MNBD has a 0.50% expense ratio, which is lower than SMRF's 0.65% expense ratio.
Dividends
MNBD vs. SMRF - Dividend Comparison
MNBD's dividend yield for the trailing twelve months is around 3.36%, more than SMRF's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MNBD ALPS Intermediate Municipal Bond ETF | 3.36% | 3.32% | 3.83% | 3.44% | 2.40% |
SMRF ALPS Nautilus SMR, Nuclear & Technology ETF | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MNBD and SMRF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNBD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNBD is cheaper with a 0.50% expense ratio, compared with 0.65% for SMRF.
MNBD has the higher dividend yield at 3.36%, compared with 0.58% for SMRF.
MNBD is categorized as Municipal Bonds, while SMRF is Actively Managed. Their fees differ too: 0.50% for MNBD and 0.65% for SMRF.
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