TFIvsMBBAETF Comparison
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State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belongs to the Municipal Bonds segment. iShares Mortgage-Backed Securities Active ETF (MBBA) is part of the MBS & ABS segment. TFI's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Non-Corporate and Industrials. TFI is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of TFI 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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TFI vs MBBA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TFI MBBA | +4.61%+3.59% | -0.07%-0.29% | +0.47%n/a | +0.89%n/a | +11.66%n/a | -0.83%n/a |
| Flows | TFI MBBA | -$20M+$46M | -$189M+$611M | +$9M- | -$46M- | -$506M- | -$565M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TFI MBBA | +5.68%+5.93% | +3.57%n/a | +4.06%n/a | +4.18%n/a |
| Max drawdown | TFI MBBA | -6.01%-4.67% | -7.00%n/a | -7.00%n/a | -14.88%n/a |
| Max drawdown duration | TFI MBBA | 85d73d | 250dn/a | 250dn/a | 1513dn/a |
Trading data
TFI | MBBA | |
Last sale 11/6/2026 at 2:30 PM | $44.44 | $48.29 |
| Previous close 11/06/2026 | $44.39 | $48.33 |
| Consolidated volume 11/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 9, 2026
1-year trailing difference
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MBBA
is actively managed and doesn’t replicate an indexTFI | 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 11/6/2026 at 2:30 PM
Live
Closed
TFI | MBBA | |
|---|---|---|
| Last price | $44.44 | $48.29 |
| 1D performance | +0.11% | -0.07% |
| AuM | $2.95 B | $773.23 M |
| E/R | 0.23% | 0.26% |
Characteristics
TFI | MBBA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | iShares |
| Benchmark | ICE 1+ Year AMT-Free Broad Municipal Index | - |
| N° of holdings | 826 | 47 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2007 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
TFI
USA
42.95%
Other
57.05%
MBBA
Data will be available soon
Sectors
TFI
Municipal
42.95%
Other
57.05%
MBBA
Data will be available soon
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Diversification
TFI
Total weight of top 15 holdings out of 15
2.82%
MBBA
Data will be available soon
Top 15 holdings
Data as of September 30, 2026
TFI
State of Washington, 5% 1feb2028, USD (2024A)
0.22%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.22%
US373385LV30
0.21%
US574193VL92
0.20%
US764581KP80
0.20%
US010831EC55
0.19%
California, 5% 1nov2032, USD
0.19%
California, 5% 1nov2031, USD
0.18%
City of New York, 5% 1aug2029, USD
0.18%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
US452152B916
0.18%
US207758N749
0.18%
US13068XJP50
0.17%
US13013JBJ43
0.16%
US64972LBD47
0.16%
MBBA
Data will be available soon
Frequently asked questions about TFI and MBBA
Which ETF is bigger: TFI or MBBA?
As of November 6, 2026, TFI holds $2.95 B in assets under management (AUM), while MBBA manages $773.23 M.
What sectors do the TFI and MBBA ETFs invest in?
TFI leans toward sectors like Municipal. Meanwhile, MBBA focuses on Non-Corporate and Industrials.
What are the top holdings of the TFI ETF and MBBA ETF?
TFI top holdings include State of Washington, 5% 1feb2028, USD (2024A), Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B) and US373385LV30. MBBA holds in its top three: BlackRock Cash Funds - Treasury, US01F0526A56 and US01F0606A83.
Which ETF is more diversified: TFI or MBBA?
TFI holds 1926 securities with 2.82% of its assets in the top 15. MBBA has 637 securities and a top 15 weight of 111.14%.
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