MNBDvsGNMAETF Comparison
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ALPS Intermediate Municipal Bond ETF (MNBD) belongs to the Municipal Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. MNBD's top 2 sector exposures are Municipal and Non-Corporate. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. MNBD is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.11% for GNMA. MNBD is down -1.14% year-to-date (YTD) with +$14M in YTD flows. GNMA performs worse with -1.65% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of MNBD and GNMA 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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MNBD vs GNMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MNBD GNMA | -0.21%-0.41% | -2.59%-2.53% | -1.14%-1.65% | -0.43%-1.41% | +10.99%+15.95% | n/a+0.31% |
| Flows | MNBD GNMA | +$8K-$15M | +$666K+$7M | +$14M+$36M | +$15M+$69M | +$25M+$124M | --$12M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MNBD GNMA | +4.40%+5.77% | +2.76%+4.49% | +3.13%+5.59% | n/a+6.56% |
| Max drawdown | MNBD GNMA | -4.77%-4.45% | -5.40%-5.36% | -5.40%-5.36% | n/a-15.48% |
| Max drawdown duration | MNBD GNMA | 89d52d | 229d229d | 229d229d | n/a1397d |
Trading data
MNBD | GNMA | |
Last sale 10/16/2026 at 1:30 PM | $25.00 | $42.27 |
| Previous close 10/15/2026 | $24.99 | $42.26 |
| 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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MNBD
is actively managed and doesn’t replicate an indexMNBD | GNMA | |
|---|---|---|
| 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
MNBD | GNMA | |
|---|---|---|
| Last price | $25.00 | $42.27 |
| 1D performance | +0.08% | +0.02% |
| AuM | $55.04 M | $416.20 M |
| E/R | 0.44% | 0.11% |
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Exposure
Countries
MNBD
USA
46.14%
Other
53.86%
GNMA
USA
48.8%
Other
51.2%
Sectors
MNBD
Municipal
45.97%
Other
54.03%
GNMA
Industrials
39.92%
Non-Corporate
8.88%
Other
51.2%
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Diversification
MNBD
Total weight of top 15 holdings out of 15
19.63%
GNMA
Total weight of top 15 holdings out of 15
33.91%
Top 15 holdings
Data as of August 31, 2026
MNBD
US84136HCT86
1.86%
University of North Carolina at Chapel Hill, 4.005% 1dec2041, USD (2012B)
1.62%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
1.58%
Pennsylvania Turnpike Commission, 0% 1dec2037, USD (8799D)
1.50%
Freddie Mac Multifamily Variable Rate Certificates, FRN 25aug2041, USD
1.48%
US83712D4A17
1.48%
Salt Verde Financial Corp., 5% 1dec2032, USD (2007-1)
1.24%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
1.22%
US6582074E20
1.18%
Wyoming Community Development Authority, 3.5% 1jun2052, USD (2022)
1.13%
US01728LFH06
1.10%
San Mateo Union High School District, 0% 1sep2041, USD (2011A)
1.08%
Modesto Irrigation District, FRN 1sep2037, USD (2007F)
1.06%
US57584Y8C61
1.05%
US451295ZZ58
1.05%
GNMA
BlackRock Cash Funds - Treasury
8.88%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.59%
US3618N5XQ77
2.51%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.42%
US21H0526945
1.97%
US36179WTX64
1.90%
G2 MA8878, 5% 20may2053, USD (ABS)
1.67%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.64%
US36179WJR07
1.62%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.59%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.59%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.44%
US36179WLP13
1.40%
US36179WFG87
1.38%
US3617NWEY42
1.32%
Frequently asked questions about MNBD and GNMA
How have the MNBD and GNMA ETFs performed in 2026?
As of October 16, 2026, MNBD is down -1.14% year-to-date (YTD), while GNMA has lost -1.65%. That puts MNBD better performer ahead so far this year.
Which ETF is attracting more investor money: MNBD or GNMA?
Year-to-date, the MNBD ETF saw +$14M in flows, compared to +$36M for GNMA.
Which ETF is more volatile: MNBD or GNMA?
Over the past year, MNBD had a volatility of 2.76%, while GNMA experienced 4.49%.
Which ETF is bigger: MNBD or GNMA?
As of October 16, 2026, MNBD holds $55.04 M in assets under management (AUM), while GNMA manages $416.20 M.
What sectors do the MNBD and GNMA ETFs invest in?
MNBD leans toward sectors like Municipal. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the MNBD ETF and GNMA ETF?
MNBD top holdings include US84136HCT86, University of North Carolina at Chapel Hill, 4.005% 1dec2041, USD (2012B) and Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B). GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: MNBD or GNMA?
MNBD holds 198 securities with 19.63% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 33.91%.
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