IBMUvsMBNDETF Comparison
VS
iShares iBonds Dec 2032 Term Muni Bond ETF (IBMU) and State Street SPDR Nuveen Municipal Bond ETF (MBND) belong to the same industry segment: Municipal Bonds. IBMU's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MBND's top sector exposures are Municipal. IBMU is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.4% for MBND. Run a side-by-side ETF comparison of IBMU and MBND below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IBMU vs MBND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMU MBND | +4.32%+3.78% | +0.23%-0.92% | n/a-0.95% | n/a-0.65% | n/a+13.48% | n/a+1.73% |
| Flows | IBMU MBND | +$13M-$1M | +$21M-$1M | --$1M | --$1M | --$19M | --$16M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMU MBND | +4.74%+4.93% | n/a+3.11% | n/a+3.67% | n/a+3.51% |
| Max drawdown | IBMU MBND | -4.79%-5.28% | n/a-6.30% | n/a-6.30% | n/a-13.12% |
| Max drawdown duration | IBMU MBND | 76d76d | n/a241d | n/a241d | n/a1363d |
Trading data
IBMU | MBND | |
Last sale 10/29/2026 at 1:30 PM | $26.29 | |
| Previous close 10/28/2026 | $26.25 | |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MBND
is actively managed and doesn’t replicate an indexIBMU | MBND | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
IBMU | MBND | |
|---|---|---|
| Last price | – | $26.29 |
| 1D performance | – | +0.14% |
| AuM | $34.86 M | $25.24 M |
| E/R | 0.1% | 0.4% |
Characteristics
IBMU | MBND | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | State Street Investment Management |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted 2032 Index | - |
| N° of holdings | 123 | 22 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | February 4, 2021 |
| ESG | No | No |
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Exposure
Countries
IBMU
USA
26.76%
Other
73.24%
MBND
USA
27.73%
Other
72.27%
Sectors
IBMU
Municipal
26.21%
Other
73.79%
MBND
Municipal
27.73%
Other
72.27%
Diversification
IBMU
Total weight of top 15 holdings out of 15
10.27%
MBND
Total weight of top 15 holdings out of 15
36.73%
Top 15 holdings
Data as of August 31, 2026
IBMU
California Public Works Board, 5% 1sep2032, USD
1.13%
New York Dormitory Authority, 5% 1oct2032, USD (2023A)
0.98%
US93974EWB81
0.81%
US54641CBJ36
0.77%
US30382ANK42
0.65%
Oklahoma Capitol Improvement Authority, 5% 1jul2032, USD (2026A)
0.64%
US60412AYF47
0.63%
University of Texas, 5% 15aug2034, USD (2023A)
0.62%
City of New York, 6.75% 29jun1990, USD
0.60%
US452227VY47
0.59%
US9151832Q95
0.59%
US546417JN78
0.58%
US386442ZP50
0.57%
US68607DWA98
0.57%
BlackRock Liquidity MuniCash
0.55%
MBND
US040664NJ98
2.94%
US91756SAR40
2.84%
New Mexico, 4% 1aug2039, USD (2017A)
2.74%
US64971PKD68
2.72%
US797661G828
2.58%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
2.51%
US896032AK58
2.45%
US649451KJ96
2.41%
US56035DGB29
2.39%
California Community Choice Financing Authority, 5% 1sep2032, USD (2024E)
2.34%
US346843PW94
2.30%
Georgia Municipal Electric Authority, 5% 1jan2048, USD (2019B)
2.25%
US679111E426
2.17%
US677561KM32
2.08%
US594712ZR50
2.01%
Frequently asked questions about IBMU and MBND
Which ETF is bigger: IBMU or MBND?
As of October 28, 2026, IBMU holds $34.86 M in assets under management (AUM), while MBND manages $25.24 M.
What sectors do the IBMU and MBND ETFs invest in?
IBMU leans toward sectors like Municipal. Meanwhile, MBND focuses on Municipal.
What are the top holdings of the IBMU ETF and MBND ETF?
IBMU top holdings include California Public Works Board, 5% 1sep2032, USD, New York Dormitory Authority, 5% 1oct2032, USD (2023A) and US93974EWB81. MBND holds in its top three: US040664NJ98, US91756SAR40 and New Mexico, 4% 1aug2039, USD (2017A).
Which ETF is more diversified: IBMU or MBND?
IBMU holds 496 securities with 10.27% of its assets in the top 15. MBND has 72 securities and a top 15 weight of 36.73%.
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