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ETFs

ALPS Intermediate Municipal Bond ETF

MNBD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 18 2022
Expense Ratio
0.50%
Type
US Bonds
Fund Owner
ALPS
Volume (1m avg. daily)
$8,433
AUM
$30,388,883
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Port Authority of New York & New Jersey
3.81%
n/a
Tennessee Housing Development Agency
3.33%
n/a
South Dakota Housing Development Authority
3.30%
n/a
Connecticut State Health & Educational Facilities Authority
3.24%
n/a
Ohio Housing Finance Agency
3.22%
n/a
New Jersey Transportation Trust Fund Authority
3.20%
n/a
North Dakota Housing Finance Agency
2.91%
n/a
Central Plains Energy Project
2.40%
n/a
Salt Verde 5 % Bonds 2007-1.12.32 Sr Series 2007
2.27%
n/a
Development Authority of Burke County
2.07%
Invest with MNBD

What is MNBD?

MNBD employs an active, bottom-up investment approach that seeks to provide peace of mind and to supplement tax-free yields with opportunities to earn excess returns.

ETFs related toMNBD

ETFs correlated to MNBD include SCMB, MUB, CGMU

MNBD
ALPS Fund Services - ALPS Intermediate Municipal Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MNBD is a US Bonds ETF. MNBD employs an active, bottom-up investment approach that seeks to provide peace of mind and to supplement tax-free yields with opportunities to earn excess returns.

Yes, MNBD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MNBD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MNBD is -0.0113%. This is the percent change in the value of MNBD over the most recent 1-month period. The 3-month return on MNBD is -0.0189%. This is the percent change in the value of MNBD over the most recent 3-month period.

The standard deviation of MNBD for the past year is 0.0418%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MNBD include HYMB, SUB, and HYD.

ETFs correlated to MNBD include SCMB, MUB, and CGMU.

ETFs that are inversely correlated to MNBD include TTT, TBT, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.