MBNDvsCGSMETF Comparison
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State Street SPDR Nuveen Municipal Bond ETF (MBND) and Capital Group Short Duration Municipal Income ETF (CGSM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MBND is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.25% for CGSM. MBND is down -2.35% year-to-date (YTD) with -$1M in YTD flows. CGSM performs better with 0.64% YTD performance, and +$723M in YTD flows. Run a side-by-side ETF comparison of MBND and CGSM 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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MBND vs CGSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MBND CGSM | -0.34%-0.02% | -3.04%-0.75% | -2.35%+0.64% | -1.74%+1.21% | +10.51%+13.41% | +0.07%n/a |
| Flows | MBND CGSM | -$1M+$68M | -$1M+$128M | -$1M+$723M | -$3M+$808M | -$19M+$1.63B | -$16M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MBND CGSM | +4.80%+2.20% | +2.99%+1.67% | +3.66%+1.95% | +3.49%n/a |
| Max drawdown | MBND CGSM | -5.42%-2.33% | -6.30%-2.33% | -6.30%-2.33% | -13.12%n/a |
| Max drawdown duration | MBND CGSM | 92d52d | 229d52d | 229d52d | 1363dn/a |
Trading data
MBND | CGSM | |
Last sale 10/16/2026 at 1:30 PM | $26.00 | $25.98 |
| Previous close 10/15/2026 | $26.00 | $25.96 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MBND | CGSM | |
|---|---|---|
| Last price | $26.00 | $25.98 |
| 1D performance | +0.00% | +0.08% |
| AuM | $24.88 M | $1.65 B |
| E/R | 0.4% | 0.25% |
Characteristics
MBND | CGSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | Capital Group |
| Benchmark | - | - |
| N° of holdings | 22 | 235 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2021 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
MBND
USA
27.73%
Other
72.27%
CGSM
USA
30.46%
Other
69.54%
Sectors
MBND
Municipal
27.73%
Other
72.27%
CGSM
Municipal
30.46%
Other
69.54%
Diversification
MBND
Total weight of top 15 holdings out of 15
36.73%
CGSM
Total weight of top 15 holdings out of 15
11.02%
Top 15 holdings
Data as of August 31, 2026
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%
CGSM
US650028E821
1.12%
US574193XS28
1.02%
US34153QZG45
1.01%
US83703FLR19
0.99%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.83%
US373385QZ98
0.66%
PEFA Inc., 5% 1sep2049, USD (2019)
0.63%
US57421CLT98
0.63%
Virginia College Building Authority, 5% 1feb2032, USD
0.62%
Puerto Rico, FRN 1nov2043, USD
0.62%
US48542TBS87
0.61%
US74440DFN93
0.59%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.58%
US254773BN34
0.57%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.54%
Frequently asked questions about MBND and CGSM
How have the MBND and CGSM ETFs performed in 2026?
As of October 16, 2026, MBND is down -2.35% year-to-date (YTD), while CGSM has returned 0.64%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: MBND or CGSM?
Year-to-date, the MBND ETF saw -$1M in flows, compared to +$723M for CGSM.
Which ETF is more volatile: MBND or CGSM?
Over the past year, MBND had a volatility of 2.99%, while CGSM experienced 1.67%.
Which ETF is bigger: MBND or CGSM?
As of October 16, 2026, MBND holds $24.88 M in assets under management (AUM), while CGSM manages $1.65 B.
What sectors do the MBND and CGSM ETFs invest in?
MBND leans toward sectors like Municipal. Meanwhile, CGSM focuses on Municipal.
What are the top holdings of the MBND ETF and CGSM ETF?
MBND top holdings include US040664NJ98, US91756SAR40 and New Mexico, 4% 1aug2039, USD (2017A). CGSM holds in its top three: US650028E821, US574193XS28 and US34153QZG45.
Which ETF is more diversified: MBND or CGSM?
MBND holds 72 securities with 36.73% of its assets in the top 15. CGSM has 1032 securities and a top 15 weight of 11.02%.
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Latest news about MBND & CGSM
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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