MBNDvsMMSDETF Comparison
VS
State Street SPDR Nuveen Municipal Bond ETF (MBND) and NYLI MacKay Muni Short Duration ETF (MMSD) belong to the same industry segment: Municipal Bonds. MBND's top 1 sector exposures are Municipal. In contrast, MMSD's top sector exposures are Municipal, Healthcare and Industrials. MBND is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.44% for MMSD. MBND is down -0.68% year-to-date (YTD) with - in YTD flows. MMSD performs better with 1.46% YTD performance, and +$27M in YTD flows. Run a side-by-side ETF comparison of MBND and MMSD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MBND vs MMSD 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 MMSD | -0.45%+0.21% | -1.39%+0.32% | -0.68%+1.46% | +2.75%+2.78% | +10.21%n/a | +0.73%n/a |
| Flows | MBND MMSD | -+$5M | -+$15M | -+$27M | -$1M+$56M | -$16M- | -$15M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MBND MMSD | +2.31%+1.07% | +2.24%+1.11% | +3.52%n/a | +3.35%n/a |
| Max drawdown | MBND MMSD | -1.98%-0.61% | -2.53%-1.25% | -5.17%n/a | -13.56%n/a |
| Max drawdown duration | MBND MMSD | 57d36d | 184d114d | 190dn/a | 1456dn/a |
Trading data
MBND | MMSD | |
Last sale 9/2/2026 at 1:30 PM | $26.58 | $25.18 |
| Previous close 09/01/2026 | $26.56 | $25.18 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
MBND | MMSD | |
|---|---|---|
| Last price | $26.58 | $25.18 |
| 1D performance | +0.08% | +0.00% |
| AuM | $26.72 M | $83.02 M |
| E/R | 0.4% | 0.44% |
Characteristics
MBND | MMSD | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 23 | 41 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2021 | May 5, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
MBND
USA
28.34%
Other
71.66%
MMSD
USA
24.97%
Other
75.03%
Sectors
MBND
Municipal
28.34%
Other
71.66%
MMSD
Municipal
22.59%
Other
77.41%
Advertisement
Diversification
MBND
Total weight of top 15 holdings out of 15
36.72%
MMSD
Total weight of top 15 holdings out of 15
19.67%
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%
MMSD
US708692BV94
1.85%
US72342NAF24
1.51%
US118217CN67
1.32%
US84136HCT86
1.31%
US19648FJ393
1.29%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
1.29%
Main Street Natural Gas Inc., 5% 1may2054, USD (2023D)
1.28%
US63609YAA64
1.24%
New York Housing Development Corp., 5.458% 15dec2031, USD (2024, A)
1.24%
US360059AL37
1.23%
US59447UBB52
1.23%
US04785VCD47
1.23%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
1.23%
San Jose (CA), 3.05% 1may2066, USD (2026A)
1.22%
US87972MCC47
1.22%
Frequently asked questions about MBND and MMSD
How have the MBND and MMSD ETFs performed in 2026?
As of September 1, 2026, MBND is down -0.68% year-to-date (YTD), while MMSD has returned 1.46%. That puts MMSD better performer ahead so far this year.
Which ETF is attracting more investor money: MBND or MMSD?
Year-to-date, the MBND ETF saw - in flows, compared to +$27M for MMSD.
Which ETF is more volatile: MBND or MMSD?
Over the past year, MBND had a volatility of 2.24%, while MMSD experienced 1.11%.
Which ETF is bigger: MBND or MMSD?
As of September 1, 2026, MBND holds $26.72 M in assets under management (AUM), while MMSD manages $83.02 M.
What sectors do the MBND and MMSD ETFs invest in?
MBND leans toward sectors like Municipal. Meanwhile, MMSD focuses on Municipal.
What are the top holdings of the MBND ETF and MMSD ETF?
MBND top holdings include US040664NJ98, US91756SAR40 and US64971PKD68. MMSD holds in its top three: US708692BV94, US72342NAF24 and US118217CN67.
Which ETF is more diversified: MBND or MMSD?
MBND holds 73 securities with 36.72% of its assets in the top 15. MMSD has 155 securities and a top 15 weight of 19.67%.
Advertisement
Advertisement
