MNBDvsMUNIETF Comparison
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ALPS Intermediate Municipal Bond ETF (MNBD) and PIMCO Intermediate Municipal Bond Active ETF (MUNI) belong to the same industry segment: Municipal Bonds. MNBD's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MUNI's top sector exposures are Municipal and Sovereign. MNBD is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.35% for MUNI. MNBD is down -1.14% year-to-date (YTD) with +$14M in YTD flows. MUNI performs worse with -1.74% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of MNBD and MUNI 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 MUNI 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 MUNI | -0.21%-0.25% | -2.59%-2.84% | -1.14%-1.74% | -0.43%-1.19% | +10.99%+11.22% | n/a+3.35% |
| Flows | MNBD MUNI | +$8K+$389M | +$666K+$492M | +$14M+$1.06B | +$15M+$1.29B | +$25M+$2.49B | -+$2.92B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MNBD MUNI | +4.40%+4.43% | +2.76%+2.75% | +3.13%+3.19% | n/a+3.12% |
| Max drawdown | MNBD MUNI | -4.77%-4.95% | -5.40%-5.76% | -5.40%-5.76% | n/a-10.90% |
| Max drawdown duration | MNBD MUNI | 89d92d | 229d229d | 229d229d | n/a975d |
Trading data
MNBD | MUNI | |
Last sale 10/16/2026 at 1:30 PM | $25.00 | $50.41 |
| Previous close 10/15/2026 | $24.99 | $50.38 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MNBD | MUNI | |
|---|---|---|
| Last price | $25.00 | $50.41 |
| 1D performance | +0.08% | +0.06% |
| AuM | $55.04 M | $3.47 B |
| E/R | 0.44% | 0.35% |
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Exposure
Countries
MNBD
USA
46.14%
Other
53.86%
MUNI
USA
46.28%
Other
53.72%
Sectors
MNBD
Municipal
45.97%
Other
54.03%
MUNI
Municipal
42.7%
Other
57.3%
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Diversification
MNBD
Total weight of top 15 holdings out of 15
19.63%
MUNI
Total weight of top 15 holdings out of 15
15.11%
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%
MUNI
USA, Notes 4.25% 31jul2028, USD (BE-2028)
2.16%
US19648FJ880
1.18%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
1.12%
US407287NG24
1.05%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
1.00%
Fort Bend Independent School District, FRN 1aug2055, USD (2025B)
0.97%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.97%
US20775DL830
0.96%
US31350ADW53
0.85%
New York Transitional Finance Authority, FRN 1nov2042, USD (2014)
0.84%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
0.84%
US67756AH960
0.84%
Aquarion Water Authority, 5.25% 1feb2033, USD (2026)
0.80%
US594654K382
0.79%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.75%
Frequently asked questions about MNBD and MUNI
How have the MNBD and MUNI ETFs performed in 2026?
As of October 16, 2026, MNBD is down -1.14% year-to-date (YTD), while MUNI has lost -1.74%. That puts MNBD better performer ahead so far this year.
Which ETF is attracting more investor money: MNBD or MUNI?
Year-to-date, the MNBD ETF saw +$14M in flows, compared to +$1.06B for MUNI.
Which ETF is more volatile: MNBD or MUNI?
Over the past year, MNBD had a volatility of 2.76%, while MUNI experienced 2.75%.
Which ETF is bigger: MNBD or MUNI?
As of October 16, 2026, MNBD holds $55.04 M in assets under management (AUM), while MUNI manages $3.47 B.
What sectors do the MNBD and MUNI ETFs invest in?
MNBD leans toward sectors like Municipal. Meanwhile, MUNI focuses on Municipal.
What are the top holdings of the MNBD ETF and MUNI 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). MUNI holds in its top three: USA, Notes 4.25% 31jul2028, USD (BE-2028), US19648FJ880 and Black Belt Energy Gas District, 5% 1jan2034, USD (2026).
Which ETF is more diversified: MNBD or MUNI?
MNBD holds 198 securities with 19.63% of its assets in the top 15. MUNI has 351 securities and a top 15 weight of 15.11%.
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