ALPS Intermediate Municipal Bond ETF (MNBD) Performance
MNBD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.3% since Dec 31, 2025
- 1 year
- +0.2% total return
- 3 years
- +4.6% a year
- Since first price
- +3.7% a year since 2022
MNBD trailing returns vs SPY, QQQ, AGG
| Period | MNBD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.5% | −3.2% | +7.8% | +8.4% | −1.5% |
| YTD | −0.3% | −3.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.2% | −3.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +14.5%+4.6%/yr | +2.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 20, 2022 | +17.5%+3.7%/yr | +0.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MNBD vs SPY
From May 20, 2022: MNBD grew to $11,751, SPY to $20,717.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MNBD returns by calendar year
3 of 3 full years positive. Best 2023 (+6.1%), worst 2024 (+2.4%). 2026 is year to date.
MNBD annual returns table
| Year | MNBD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.3% | −5.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.2% | −3.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.4% | −1.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +6.1% | −4.4% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MNBD risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +3.6% | +2.5% |
| Volatility (annualized) | 4.6% | 5.3% |
| Sharpe ratio | -0.16 | -0.29 |
| Sortino ratio | -0.23 | -0.39 |
| Best month | +4.6% | +4.6% |
| Worst month | −3.4% | −3.4% |
| Best 12 months | +9.7% | +9.7% |
| Worst 12 months | −1.5% | −1.5% |
| Positive months | 69% | 62% |
| Beta vs S&P 500 | 0.23 | — |
| Correlation with S&P 500 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MNBD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 42 | −1.5% | +3.8% | +9.7% | 98% |
| 3-year (a year) | 18 | +2.8% | +4.1% | +6.0% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
MNBD performance overview
ALPS Intermediate Municipal Bond ETF (MNBD) returned +0.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +3.7% a year, turning $10,000 into about $11,751. Over the same year S&P 500 (SPY) returned +14.4%.
Related: MNBD chart, MNBD dividends. See the MNBD overview for the latest quote and fund facts.
MNBD performance FAQ
What is the MNBD return over the past year?
MNBD returned +0.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.2%.
How much would $10,000 invested in MNBD be worth?
$10,000 invested in MNBD at its first recorded close on May 20, 2022 would be worth about $11,751 on October 23, 2026 with distributions reinvested.
What was the worst year for MNBD?
The worst calendar year was 2024, with a total return of +2.4%. The best was 2023 at +6.1%.
How volatile is MNBD?
Over the past 3 years MNBD had an annualized volatility of 4.6% and a Sharpe ratio of -0.16 (excess return over 1–3 month T-bills per unit of risk).