MMSDvsMBNDETF Comparison
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NYLI MacKay Muni Short Duration ETF (MMSD) and State Street SPDR Nuveen Municipal Bond ETF (MBND) belong to the same industry segment: Municipal Bonds. MMSD's top 3 sector exposures are Municipal, Healthcare and Industrials. In contrast, MBND's top sector exposures are Municipal. MMSD is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.4% for MBND. MMSD is up 1.46% year-to-date (YTD) with +$27M in YTD flows. MBND performs worse with -0.68% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of MMSD and MBND 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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MMSD vs MBND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMSD MBND | +0.21%-0.45% | +0.32%-1.39% | +1.46%-0.68% | +2.78%+2.75% | n/a+10.21% | n/a+0.73% |
| Flows | MMSD MBND | +$5M- | +$15M- | +$27M- | +$56M-$1M | --$16M | --$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMSD MBND | +1.07%+2.31% | +1.11%+2.24% | n/a+3.52% | n/a+3.35% |
| Max drawdown | MMSD MBND | -0.61%-1.98% | -1.25%-2.53% | n/a-5.17% | n/a-13.56% |
| Max drawdown duration | MMSD MBND | 36d57d | 114d184d | n/a190d | n/a1456d |
Trading data
MMSD | MBND | |
Last sale 9/2/2026 at 1:30 PM | $25.18 | $26.58 |
| Previous close 09/01/2026 | $25.18 | $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
MMSD | MBND | |
|---|---|---|
| Last price | $25.18 | $26.58 |
| 1D performance | +0.00% | +0.08% |
| AuM | $83.02 M | $26.72 M |
| E/R | 0.44% | 0.4% |
Characteristics
MMSD | MBND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | State Street Investment Management |
| Benchmark | - | - |
| N° of holdings | 41 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 5, 2025 | February 4, 2021 |
| ESG | No | No |
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Exposure
Countries
MMSD
USA
24.97%
Other
75.03%
MBND
USA
28.34%
Other
71.66%
Sectors
MMSD
Municipal
22.59%
Other
77.41%
MBND
Municipal
28.34%
Other
71.66%
Diversification
MMSD
Total weight of top 15 holdings out of 15
19.67%
MBND
Total weight of top 15 holdings out of 15
36.72%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about MMSD and MBND
How have the MMSD and MBND ETFs performed in 2026?
As of September 1, 2026, MMSD is up 1.46% year-to-date (YTD), while MBND has lost -0.68%. That puts MMSD better performer ahead so far this year.
Which ETF is attracting more investor money: MMSD or MBND?
Year-to-date, the MMSD ETF saw +$27M in flows, compared to - for MBND.
Which ETF is more volatile: MMSD or MBND?
Over the past year, MMSD had a volatility of 1.11%, while MBND experienced 2.24%.
Which ETF is bigger: MMSD or MBND?
As of September 1, 2026, MMSD holds $83.02 M in assets under management (AUM), while MBND manages $26.72 M.
What sectors do the MMSD and MBND ETFs invest in?
MMSD leans toward sectors like Municipal. Meanwhile, MBND focuses on Municipal.
What are the top holdings of the MMSD ETF and MBND ETF?
MMSD top holdings include US708692BV94, US72342NAF24 and US118217CN67. MBND holds in its top three: US040664NJ98, US91756SAR40 and US64971PKD68.
Which ETF is more diversified: MMSD or MBND?
MMSD holds 155 securities with 19.67% of its assets in the top 15. MBND has 73 securities and a top 15 weight of 36.72%.
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