MUNIvsMNBDETF Comparison
VS
PIMCO Intermediate Municipal Bond Active ETF (MUNI) and ALPS Intermediate Municipal Bond ETF (MNBD) belong to the same industry segment: Municipal Bonds. MUNI's top 2 sector exposures are Municipal and Sovereign. In contrast, MNBD's top sector exposures are Municipal and Non-Corporate. MUNI is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.44% for MNBD. MUNI is down -1.74% year-to-date (YTD) with +$1.06B in YTD flows. MNBD performs better with -1.14% YTD performance, and +$14M in YTD flows. Run a side-by-side ETF comparison of MUNI and MNBD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MUNI vs MNBD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNI MNBD | -0.25%-0.21% | -2.84%-2.59% | -1.74%-1.14% | -1.19%-0.43% | +11.22%+10.99% | +3.35%n/a |
| Flows | MUNI MNBD | +$389M+$8K | +$492M+$666K | +$1.06B+$14M | +$1.29B+$15M | +$2.49B+$25M | +$2.92B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNI MNBD | +4.43%+4.40% | +2.75%+2.76% | +3.19%+3.13% | +3.12%n/a |
| Max drawdown | MUNI MNBD | -4.95%-4.77% | -5.76%-5.40% | -5.76%-5.40% | -10.90%n/a |
| Max drawdown duration | MUNI MNBD | 92d89d | 229d229d | 229d229d | 975dn/a |
Trading data
MUNI | MNBD | |
Last sale 10/16/2026 at 1:30 PM | $50.41 | $25.00 |
| Previous close 10/15/2026 | $50.38 | $24.99 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
MUNI | MNBD | |
|---|---|---|
| Last price | $50.41 | $25.00 |
| 1D performance | +0.06% | +0.08% |
| AuM | $3.47 B | $55.04 M |
| E/R | 0.35% | 0.44% |
Advertisement
Exposure
Countries
MUNI
USA
46.28%
Other
53.72%
MNBD
USA
46.14%
Other
53.86%
Sectors
MUNI
Municipal
42.7%
Other
57.3%
MNBD
Municipal
45.97%
Other
54.03%
Advertisement
Diversification
MUNI
Total weight of top 15 holdings out of 15
15.11%
MNBD
Total weight of top 15 holdings out of 15
19.63%
Top 15 holdings
Data as of August 31, 2026
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%
US67756AH960
0.84%
New York Transitional Finance Authority, FRN 1nov2042, USD (2014)
0.84%
New York Municipal Water Finance Authority, FRN 15jun2048, USD (2014)
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%
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%
Frequently asked questions about MUNI and MNBD
How have the MUNI and MNBD ETFs performed in 2026?
As of October 16, 2026, MUNI is down -1.74% year-to-date (YTD), while MNBD has lost -1.14%. That puts MNBD better performer ahead so far this year.
Which ETF is attracting more investor money: MUNI or MNBD?
Year-to-date, the MUNI ETF saw +$1.06B in flows, compared to +$14M for MNBD.
Which ETF is more volatile: MUNI or MNBD?
Over the past year, MUNI had a volatility of 2.75%, while MNBD experienced 2.76%.
Which ETF is bigger: MUNI or MNBD?
As of October 16, 2026, MUNI holds $3.47 B in assets under management (AUM), while MNBD manages $55.04 M.
What sectors do the MUNI and MNBD ETFs invest in?
MUNI leans toward sectors like Municipal. Meanwhile, MNBD focuses on Municipal.
What are the top holdings of the MUNI ETF and MNBD ETF?
MUNI top holdings include USA, Notes 4.25% 31jul2028, USD (BE-2028), US19648FJ880 and Black Belt Energy Gas District, 5% 1jan2034, USD (2026). MNBD holds in its top three: 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).
Which ETF is more diversified: MUNI or MNBD?
MUNI holds 351 securities with 15.11% of its assets in the top 15. MNBD has 198 securities and a top 15 weight of 19.63%.
Advertisement
Advertisement
