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MBNDvsMUBETF Comparison

ETF 1

MBND

State Street SPDR Nuveen Municipal Bond ETF

This fund is part of

Municipal Bonds

+0.04%

Full MBND fund page

VS

ETF 2

MUB

iShares National Muni Bond ETF

This fund is part of

Municipal Bonds

+0.04%

Full MUB fund page

State Street SPDR Nuveen Municipal Bond ETF (MBND) and iShares National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 3 sector exposures: and Municipal. MBND is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.05% for MUB. MBND is up 0.49% year-to-date (YTD) with - in YTD flows. MUB performs better with 1.1% YTD performance, and +$2.16B in YTD flows. Run a side-by-side ETF comparison of MBND and MUB 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 MUB performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/22/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MBND MUB	+0.82%+1.20%	+0.06%+0.68%	+0.49%+1.10%	+6.68%+7.58%	+10.99%+5.99%	+2.78%+1.13%
Flows	MBND MUB	-+$575M	-+$1.99B	-+$2.16B	-$1M+$3.73B	-$16M+$11.68B	-$15M+$23.80B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MBND MUB	+2.63%+2.83%	+2.19%+2.19%	+3.53%+3.55%	+3.30%+3.36%
Max drawdown	MBND MUB	-2.53%-2.59%	-2.53%-2.59%	-5.17%-5.81%	-13.91%-11.87%
Max drawdown duration	MBND MUB	52d52d	52d52d	190d349d	1504d1665d

Trading data

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	MBND	MUB
Last sale 4/23/2026 at 2:29 PM	$27.28	$107.34
Previous close 04/22/2026	$27.31	$107.31
Consolidated volume 04/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 23, 2026

1-year trailing difference

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MBND

is actively managed and doesn’t replicate an index

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	MBND	MUB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/23/2026 at 2:29 PM

Live

Closed

	MBND	MUB
Last price	$27.28	$107.34
1D performance	-0.09%	+0.03%
AuM	$27.43 M	$43.81 B
E/R	0.4%	0.05%

Characteristics

	MBND	MUB
Management strategy	Active	Passive
Provider	SPDR	iShares
Benchmark	-	ICE AMT-Free US National Municipal Index
N° of holdings	16	3124
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	February 4, 2021	September 7, 2007
ESG	No	No

More MBND data on Trackinsight

More MUB data on Trackinsight

Exposure

Countries

MBND

USA

98.87%

Other

1.13%

MUB

USA

99.32%

Other

0.68%

Sectors

MBND

Municipal

16.08%

Other

83.92%

MUB

Municipal

47.63%

Other

52.37%

Diversification

MBND

Total weight of top 15 holdings out of 15

36.52%

MUB

Total weight of top 15 holdings out of 15

2.09%

Top 15 holdings

Data as of March 31, 2026

MBND

US040664NJ98

2.96%

US91756SAR40

2.87%

US64971PKD68

2.77%

New Mexico, 4% 1aug2039, USD (2017A)

2.77%

US797661G828

2.63%

US84136HAU77

2.50%

US896032AK58

2.48%

US56035DGB29

2.38%

US13013JEN28

2.35%

US346843PW94

2.29%

US6262072R42

2.24%

US679111E426

2.19%

US677561KM32

2.08%

US594712ZR50

2.01%

US89286RAR93

2.00%

MUB

US91514ANG66

0.20%

Atlanta, 5% 1nov2040, USD (2015)

0.20%

US650028ZA41

0.16%

US442378GP45

0.14%

US667826HG94

0.14%

US677632T926

0.14%

New Jersey, 5% 1jun2028, USD

0.13%

New York Dormitory Authority, 4% 15feb2047, USD (2019D)

0.13%

US93974EVY93

0.13%

California, 5% 1sep2031, USD

0.13%

Pennsylvania Turnpike Commission, FRN 1dec2038, USD (2019)

0.12%

US16772PEP71

0.12%

US271843AB05

0.12%

Illinois, 5% 1nov2027, USD (2017D)

0.12%

US646067KD94

0.12%

Frequently asked questions about MBND and MUB

How have the MBND and MUB ETFs performed in 2026?

As of April 22, 2026, MBND is up 0.49% year-to-date (YTD), while MUB has returned 1.1%. That puts MUB better performer ahead so far this year.

Which ETF is attracting more investor money: MBND or MUB?

Year-to-date, the MBND ETF saw - in flows, compared to +$2.16B for MUB.

Which ETF is more volatile: MBND or MUB?

Over the past year, MBND had a volatility of 2.19%, while MUB experienced 2.19%.

Which ETF is bigger: MBND or MUB?

As of April 22, 2026, MBND holds $27.43 M in assets under management (AUM), while MUB manages $43.81 B.

What sectors do the MBND and MUB ETFs invest in?

MBND leans toward sectors like Municipal. Meanwhile, MUB focuses on Municipal.

What are the top holdings of the MBND ETF and MUB ETF?

MBND top holdings include US040664NJ98, US91756SAR40 and US64971PKD68. MUB holds in its top three: US91514ANG66, Atlanta, 5% 1nov2040, USD (2015) and US650028ZA41.

MBNDvsMUBETF Comparison

State Street SPDR Nuveen Municipal Bond ETF

iShares National Muni Bond ETF

MBND vs MUB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the MBND and MUB ETFs performed in 2026?

As of April 22, 2026, MBND is up 0.49% year-to-date (YTD), while MUB has returned 1.1%. That puts MUB better performer ahead so far this year.

Which ETF is attracting more investor money: MBND or MUB?

Year-to-date, the MBND ETF saw - in flows, compared to +$2.16B for MUB.

Which ETF is more volatile: MBND or MUB?

Over the past year, MBND had a volatility of 2.19%, while MUB experienced 2.19%.

Which ETF is bigger: MBND or MUB?

As of April 22, 2026, MBND holds $27.43 M in assets under management (AUM), while MUB manages $43.81 B.

What sectors do the MBND and MUB ETFs invest in?

MBND leans toward sectors like Municipal. Meanwhile, MUB focuses on Municipal.

What are the top holdings of the MBND ETF and MUB ETF?

MBND top holdings include US040664NJ98, US91756SAR40 and US64971PKD68. MUB holds in its top three: US91514ANG66, Atlanta, 5% 1nov2040, USD (2015) and US650028ZA41.

Which ETF is more diversified: MBND or MUB?

MBND holds 74 securities with 36.52% of its assets in the top 15. MUB has 6338 securities and a top 15 weight of 2.09%.

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