MBNDvsVMBSETF Comparison
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State Street SPDR Nuveen Municipal Bond ETF (MBND) belongs to the Municipal Bonds segment. Vanguard Mortgage-Backed Securities ETF (VMBS) is part of the MBS & ABS segment. MBND's top 1 sector exposures are Municipal. In contrast, VMBS's top sector exposures are Industrials, Finance and Government Agencies. MBND is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.03% for VMBS. MBND is down -2.35% year-to-date (YTD) with -$1M in YTD flows. VMBS performs better with -2.15% YTD performance, and +$1.63B in YTD flows. Run a side-by-side ETF comparison of MBND and VMBS 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 VMBS 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 VMBS | -0.34%-0.19% | -3.04%-2.25% | -2.35%-2.15% | -1.74%-1.72% | +10.51%+16.80% | +0.07%-0.21% |
| Flows | MBND VMBS | -$1M+$148M | -$1M+$692M | -$1M+$1.63B | -$3M+$1.24B | -$19M-$931M | -$16M+$2.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MBND VMBS | +4.80%+5.39% | +2.99%+4.28% | +3.66%+5.37% | +3.49%+6.49% |
| Max drawdown | MBND VMBS | -5.42%-4.22% | -6.30%-5.75% | -6.30%-5.75% | -13.12%-16.74% |
| Max drawdown duration | MBND VMBS | 92d52d | 229d229d | 229d229d | 1363d1398d |
Trading data
MBND | VMBS | |
Last sale 10/16/2026 at 1:30 PM | $26.00 | $44.91 |
| Previous close 10/15/2026 | $26.00 | $44.93 |
| Consolidated volume 10/15/2026 | ||
| 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 indexMBND | VMBS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MBND | VMBS | |
|---|---|---|
| Last price | $26.00 | $44.91 |
| 1D performance | +0.00% | -0.04% |
| AuM | $24.88 M | $15.75 B |
| E/R | 0.4% | 0.03% |
Characteristics
MBND | VMBS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | State Street Investment Management | Vanguard |
| Benchmark | - | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 22 | 698 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2021 | November 19, 2009 |
| ESG | No | No |
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Exposure
Countries
MBND
USA
27.73%
Other
72.27%
VMBS
USA
26.03%
Other
73.97%
Sectors
MBND
Municipal
27.73%
Other
72.27%
VMBS
Industrials
25.62%
Other
74.38%
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Diversification
MBND
Total weight of top 15 holdings out of 15
36.73%
VMBS
Total weight of top 15 holdings out of 15
3.67%
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%
VMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.28%
US3618N56H72
0.28%
US3618N6K636
0.26%
US3618N6BE68
0.26%
US3140Y9B864
0.26%
G2 MB0024, 4.5% 20nov2054, USD (ABS)
0.25%
US21H0606A46
0.25%
US3132E0TL66
0.25%
US3142J6DY61
0.24%
US3618N6HU47
0.23%
FR SD8146, 2% 1may2051, USD (ABS)
0.23%
US3618N6FL65
0.23%
US01F0526982
0.22%
US3142J6C840
0.22%
FR RQ0056, 5.5% 1oct2055, USD (ABS)
0.21%
Frequently asked questions about MBND and VMBS
How have the MBND and VMBS ETFs performed in 2026?
As of October 16, 2026, MBND is down -2.35% year-to-date (YTD), while VMBS has lost -2.15%. That puts VMBS better performer ahead so far this year.
Which ETF is attracting more investor money: MBND or VMBS?
Year-to-date, the MBND ETF saw -$1M in flows, compared to +$1.63B for VMBS.
Which ETF is more volatile: MBND or VMBS?
Over the past year, MBND had a volatility of 2.99%, while VMBS experienced 4.28%.
Which ETF is bigger: MBND or VMBS?
As of October 16, 2026, MBND holds $24.88 M in assets under management (AUM), while VMBS manages $15.75 B.
What sectors do the MBND and VMBS ETFs invest in?
MBND leans toward sectors like Municipal. Meanwhile, VMBS focuses on Industrials.
What are the top holdings of the MBND ETF and VMBS ETF?
MBND top holdings include US040664NJ98, US91756SAR40 and New Mexico, 4% 1aug2039, USD (2017A). VMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US3618N56H72 and US3618N6K636.
Which ETF is more diversified: MBND or VMBS?
MBND holds 72 securities with 36.73% of its assets in the top 15. VMBS has 4834 securities and a top 15 weight of 3.67%.
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