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MBNDvsVMBSETF Comparison

ETF 1

MBND

State Street SPDR Nuveen Municipal Bond ETF

This fund is part of

Municipal Bonds

-0.42%

Full MBND fund page

VS

ETF 2

VMBS

Vanguard Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.3%

Full VMBS fund page

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 -0.68% year-to-date (YTD) with - in YTD flows. VMBS performs worse with -0.68% YTD performance, and +$1.35B 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

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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 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MBND VMBS	-0.45%-0.12%	-1.39%-0.80%	-0.68%-0.68%	+2.75%+2.26%	+10.21%+14.26%	+0.73%+0.65%
Flows	MBND VMBS	-+$362M	-+$782M	-+$1.35B	-$1M+$1.35B	-$16M-$782M	-$15M+$2.94B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MBND VMBS	+2.31%+4.30%	+2.24%+3.86%	+3.52%+5.51%	+3.35%+6.43%
Max drawdown	MBND VMBS	-1.98%-1.66%	-2.53%-3.31%	-5.17%-5.52%	-13.56%-16.91%
Max drawdown duration	MBND VMBS	57d64d	184d184d	190d84d	1456d1459d

Trading data

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	MBND	VMBS
Last sale 9/2/2026 at 1:30 PM	$26.58	$45.81
Previous close 09/01/2026	$26.56	$45.82
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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MBND

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	MBND	VMBS
Last price	$26.58	$45.81
1D performance	+0.08%	-0.02%
AuM	$26.72 M	$15.76 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	23	701
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	February 4, 2021	November 19, 2009
ESG	No	No

More MBND data on Trackinsight

More VMBS data on Trackinsight

Exposure

Countries

MBND

USA

28.34%

Other

71.66%

VMBS

USA

26.52%

Other

73.48%

Sectors

MBND

Municipal

28.34%

Other

71.66%

VMBS

Industrials

26.09%

Other

73.91%

Diversification

MBND

Total weight of top 15 holdings out of 15

36.72%

VMBS

Total weight of top 15 holdings out of 15

3.98%

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%

VMBS

US21H0526861

0.38%

G2 MB0025, 5% 20nov2054, USD (ABS)

0.29%

US3618N56H72

0.29%

US01F0506927

0.28%

US3618N6K636

0.27%

US3140Y9B864

0.27%

US3618N6BE68

0.27%

G2 MB0024, 4.5% 20nov2054, USD (ABS)

0.26%

US3132E0TL66

0.25%

US3142J6DY61

0.25%

US3618N6HU47

0.24%

FR SD8146, 2% 1may2051, USD (ABS)

0.24%

US3618N6FL65

0.23%

US3142J6C840

0.23%

FR RQ0056, 5.5% 1oct2055, USD (ABS)

0.22%

Frequently asked questions about MBND and VMBS

How have the MBND and VMBS ETFs performed in 2026?

As of September 1, 2026, MBND is down -0.68% year-to-date (YTD), while VMBS has lost -0.68%. That puts MBND better performer ahead so far this year.

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

Year-to-date, the MBND ETF saw - in flows, compared to +$1.35B for VMBS.

Which ETF is more volatile: MBND or VMBS?

Over the past year, MBND had a volatility of 2.24%, while VMBS experienced 3.86%.

Which ETF is bigger: MBND or VMBS?

As of September 1, 2026, MBND holds $26.72 M in assets under management (AUM), while VMBS manages $15.76 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 US64971PKD68. VMBS holds in its top three: US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72.

MBNDvsVMBSETF Comparison

State Street SPDR Nuveen Municipal Bond ETF

Vanguard Mortgage-Backed Securities ETF

MBND vs VMBS 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 VMBS ETFs performed in 2026?

As of September 1, 2026, MBND is down -0.68% year-to-date (YTD), while VMBS has lost -0.68%. That puts MBND better performer ahead so far this year.

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

Year-to-date, the MBND ETF saw - in flows, compared to +$1.35B for VMBS.

Which ETF is more volatile: MBND or VMBS?

Over the past year, MBND had a volatility of 2.24%, while VMBS experienced 3.86%.

Which ETF is bigger: MBND or VMBS?

As of September 1, 2026, MBND holds $26.72 M in assets under management (AUM), while VMBS manages $15.76 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 US64971PKD68. VMBS holds in its top three: US21H0526861, G2 MB0025, 5% 20nov2054, USD (ABS) and US3618N56H72.

Which ETF is more diversified: MBND or VMBS?

MBND holds 73 securities with 36.72% of its assets in the top 15. VMBS has 5140 securities and a top 15 weight of 3.98%.

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