MNBDvsMMMAETF Comparison
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ALPS Intermediate Municipal Bond ETF (MNBD) and NYLI MacKay Muni Allocation ETF (MMMA) belong to the same industry segment: Municipal Bonds. MNBD's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MMMA's top sector exposures are Municipal. MNBD is less expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.69% for MMMA. MNBD is down -1.14% year-to-date (YTD) with +$14M in YTD flows. MMMA performs better with -0.2% YTD performance, and +$31M in YTD flows. Run a side-by-side ETF comparison of MNBD and MMMA 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 MMMA 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 MMMA | -0.21%-0.49% | -2.59%-3.30% | -1.14%-0.20% | -0.43%n/a | +10.99%n/a | n/an/a |
| Flows | MNBD MMMA | +$8K+$29M | +$666K+$30M | +$14M+$31M | +$15M- | +$25M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MNBD MMMA | +4.40%+5.86% | +2.76%n/a | +3.13%n/a | n/an/a |
| Max drawdown | MNBD MMMA | -4.77%-5.97% | -5.40%n/a | -5.40%n/a | n/an/a |
| Max drawdown duration | MNBD MMMA | 89d92d | 229dn/a | 229dn/a | n/an/a |
Trading data
MNBD | MMMA | |
Last sale 10/19/2026 at 1:30 PM | $24.98 | |
| Previous close 10/16/2026 | $25.00 | |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
MNBD | MMMA | |
|---|---|---|
| Last price | $24.98 | – |
| 1D performance | -0.09% | – |
| AuM | $55.04 M | $56.92 M |
| E/R | 0.44% | 0.69% |
Characteristics
MNBD | MMMA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | ALPS | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 88 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2022 | December 16, 2025 |
| ESG | No | No |
Exposure
Countries
MNBD
USA
46.14%
Other
53.86%
MMMA
USA
42.81%
Other
57.19%
Sectors
MNBD
Municipal
45.97%
Other
54.03%
MMMA
Municipal
42.81%
Other
57.19%
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Diversification
MNBD
Total weight of top 15 holdings out of 15
19.63%
MMMA
Total weight of top 15 holdings out of 15
50.35%
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%
MMMA
US63877NPK71
4.24%
US8371516N47
3.80%
US544446BM85
3.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
3.57%
Illinois Toll Highway Authority, 5% 1jan2037, USD
3.52%
Chicago O'Hare International Airport, 5.5% 1jan2048, USD (2025E)
3.52%
US11506KHB08
3.46%
Chicago Board of Education, 6% 1apr2046, USD (2017)
3.42%
Equitable School Revolving Fund, 5.25% 1nov2053, USD (2023A)
3.42%
US24917QBP81
3.38%
US63607WBN39
3.15%
US59261ACR68
2.94%
Colorado Health Facilities Authority, 4% 1aug2049, USD (2019A-2)
2.90%
US03843TBE01
2.71%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
2.60%
Frequently asked questions about MNBD and MMMA
How have the MNBD and MMMA ETFs performed in 2026?
As of October 16, 2026, MNBD is down -1.14% year-to-date (YTD), while MMMA has lost -0.2%. That puts MMMA better performer ahead so far this year.
Which ETF is attracting more investor money: MNBD or MMMA?
Year-to-date, the MNBD ETF saw +$14M in flows, compared to +$31M for MMMA.
Which ETF is bigger: MNBD or MMMA?
As of October 16, 2026, MNBD holds $55.04 M in assets under management (AUM), while MMMA manages $56.92 M.
What sectors do the MNBD and MMMA ETFs invest in?
MNBD leans toward sectors like Municipal. Meanwhile, MMMA focuses on Municipal.
What are the top holdings of the MNBD ETF and MMMA 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). MMMA holds in its top three: US63877NPK71, US8371516N47 and US544446BM85.
Which ETF is more diversified: MNBD or MMMA?
MNBD holds 198 securities with 19.63% of its assets in the top 15. MMMA has 49 securities and a top 15 weight of 50.35%.
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