MBNDvsFTPAETF Comparison
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State Street SPDR Nuveen Municipal Bond ETF (MBND) and Franklin Pennsylvania Municipal Income ETF (FTPA) 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 0.35% for FTPA. MBND is down -0.68% year-to-date (YTD) with - in YTD flows. FTPA performs worse with -1.75% YTD performance, and +$31M in YTD flows. Run a side-by-side ETF comparison of MBND and FTPA 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 FTPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MBND FTPA | -0.45%-1.23% | -1.39%-2.84% | -0.68%-1.75% | +2.75%n/a | +10.21%n/a | +0.73%n/a |
| Flows | MBND FTPA | -+$12M | -+$12M | -+$31M | -$1M- | -$16M- | -$15M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MBND FTPA | +2.31%+3.44% | +2.24%n/a | +3.52%n/a | +3.35%n/a |
| Max drawdown | MBND FTPA | -1.98%-3.85% | -2.53%n/a | -5.17%n/a | -13.56%n/a |
| Max drawdown duration | MBND FTPA | 57d63d | 184dn/a | 190dn/a | 1456dn/a |
Trading data
MBND | FTPA | |
Last sale 9/2/2026 at 1:30 PM | $26.58 | |
| Previous close 09/01/2026 | $26.56 | |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
MBND | FTPA | |
|---|---|---|
| Last price | $26.58 | – |
| 1D performance | +0.08% | – |
| AuM | $26.72 M | $107.78 M |
| E/R | 0.4% | 0.35% |
Characteristics
MBND | FTPA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 23 | 26 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2021 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
MBND
USA
28.34%
Other
71.66%
FTPA
USA
28.99%
Other
71.01%
Sectors
MBND
Municipal
28.34%
Other
71.66%
FTPA
Municipal
28.99%
Other
71.01%
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Diversification
MBND
Total weight of top 15 holdings out of 15
36.72%
FTPA
Total weight of top 15 holdings out of 15
26.24%
Top 15 holdings
Data as of July 31, 2026
MBND
US040664NJ98
2.92%
US91756SAR40
2.83%
US64971PKD68
2.74%
New Mexico, 4% 1aug2039, USD (2017A)
2.73%
US797661G828
2.55%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
2.49%
US896032AK58
2.43%
US649451KJ96
2.42%
California Community Choice Financing Authority, 5% 1sep2032, USD (2024E)
2.38%
US56035DGB29
2.37%
US346843PW94
2.33%
Georgia Municipal Electric Authority, 5% 1jan2048, USD (2019B)
2.26%
US679111E426
2.18%
US677561KM32
2.06%
US594712ZR50
2.03%
FTPA
Philadelphia, 5% 1aug2047, USD
2.77%
US842039FR53
1.97%
Allegheny Hospital Development Authority, 4% 1apr2044, USD
1.96%
US709221SB22
1.89%
US709225QR06
1.79%
Pennsylvania Economic Development Financing Authority, 5% 15feb2039, USD (2022A)
1.73%
US230822TW83
1.70%
North Penn School District, 5% 1mar2051, USD (2026)
1.68%
Pennsylvania Economic Development Financing Authority, 5.25% 15dec2051, USD (2026)
1.68%
US52480RGN44
1.67%
US087470BX73
1.65%
Lackawanna Industrial Development Authority, 4% 1nov2040, USD
1.48%
US458436YP15
1.45%
US717868HY29
1.43%
US514349CZ07
1.39%
Frequently asked questions about MBND and FTPA
How have the MBND and FTPA ETFs performed in 2026?
As of September 1, 2026, MBND is down -0.68% year-to-date (YTD), while FTPA has lost -1.75%. That puts MBND better performer ahead so far this year.
Which ETF is attracting more investor money: MBND or FTPA?
Year-to-date, the MBND ETF saw - in flows, compared to +$31M for FTPA.
Which ETF is bigger: MBND or FTPA?
As of September 1, 2026, MBND holds $26.72 M in assets under management (AUM), while FTPA manages $107.78 M.
What sectors do the MBND and FTPA ETFs invest in?
MBND leans toward sectors like Municipal. Meanwhile, FTPA focuses on Municipal.
What are the top holdings of the MBND ETF and FTPA ETF?
MBND top holdings include US040664NJ98, US91756SAR40 and US64971PKD68. FTPA holds in its top three: Philadelphia, 5% 1aug2047, USD, US842039FR53 and Allegheny Hospital Development Authority, 4% 1apr2044, USD.
Which ETF is more diversified: MBND or FTPA?
MBND holds 73 securities with 36.72% of its assets in the top 15. FTPA has 106 securities and a top 15 weight of 26.24%.
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