PVIvsMBBAETF Comparison
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Invesco VRDO Tax-Free ETF (PVI) belongs to the Municipal Bonds segment. iShares Mortgage-Backed Securities Active ETF (MBBA) is part of the MBS & ABS segment. PVI's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Industrials and Non-Corporate. PVI is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of PVI and MBBA 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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PVI vs MBBA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PVI MBBA | +0.15%-0.18% | +0.53%-1.07% | +1.24%n/a | +2.08%n/a | +7.54%n/a | +10.15%n/a |
| Flows | PVI MBBA | -+$5M | +$1M+$35M | -$3K- | -$3K- | -$9M- | -$17M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PVI MBBA | +0.09%+4.75% | +0.15%n/a | +0.13%n/a | +0.14%n/a |
| Max drawdown | PVI MBBA | n/a-2.02% | n/an/a | n/an/a | -0.09%n/a |
| Max drawdown duration | PVI MBBA | n/a64d | n/an/a | n/an/a | 295dn/a |
Trading data
PVI | MBBA | |
Last sale 9/1/2026 at 1:30 PM | $24.84 | $48.60 |
| Previous close 09/01/2026 | $24.92 | $48.49 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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MBBA
is actively managed and doesn’t replicate an indexPVI | MBBA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
PVI | MBBA | |
|---|---|---|
| Last price | $24.84 | $48.60 |
| 1D performance | -0.32% | +0.24% |
| AuM | $31.03 M | $156.23 M |
| E/R | 0.25% | 0.26% |
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Exposure
Countries
PVI
USA
37.26%
Other
62.74%
MBBA
Data will be available soon
Sectors
PVI
Municipal
37.26%
Other
62.74%
MBBA
Data will be available soon
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Diversification
PVI
Total weight of top 15 holdings out of 15
33.32%
MBBA
Data will be available soon
Top 15 holdings
Data as of July 31, 2026
PVI
US64972GAS30
4.45%
US64966TAF12
3.89%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.27%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US405815HE45
1.62%
US44244CN944
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.56%
US87638QSH38
1.46%
MBBA
Data will be available soon
Frequently asked questions about PVI and MBBA
Which ETF is bigger: PVI or MBBA?
As of September 1, 2026, PVI holds $31.03 M in assets under management (AUM), while MBBA manages $156.23 M.
What sectors do the PVI and MBBA ETFs invest in?
PVI leans toward sectors like Municipal. Meanwhile, MBBA focuses on Industrials and Non-Corporate.
What are the top holdings of the PVI ETF and MBBA ETF?
PVI top holdings include US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B). MBBA holds in its top three: US01F0526800, US01F0206874 and BlackRock Liquidity T-Fund.
Which ETF is more diversified: PVI or MBBA?
PVI holds 147 securities with 33.32% of its assets in the top 15. MBBA has 491 securities and a top 15 weight of 89.36%.
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