MNBD vs VYM
MNBD vs VYM
ALPS BBH Intermediate Municipal Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MNBD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.04% | |
| AUM | $57M | $79.0B | |
| Dividend Yield | 3.84% | 2.86% | |
| Holdings | 172 | 568 | |
| YTD Return | +1.08% | +15.80% | |
| 1Y Return | +4.39% | +26.12% | |
| 3Y Return (annualized) | +4.23% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 5.1% | 14.6% | |
| Max Drawdown | -5.9% | -58.8% | |
| Fund Family | ALPS ETF Trust | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 19, 2022 | Nov 10, 2006 |
MNBD vs VYM Performance
ALPS BBH Intermediate Municipal Bond ETF (MNBD) is a ETF from ALPS ETF Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MNBD returned +4.39% while VYM returned +26.12%. Year to date, MNBD is up 1.08% versus a gain of 15.80% for VYM.
Over three years, MNBD compounded at +4.23% per year against +18.25% for VYM. Across the full 4-year window we track, VYM has the edge at +7.07% annualized vs +4.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 5.1% for MNBD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.9% for MNBD and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MNBD charges 0.44% per year while VYM charges 0.04%. On a $10,000 position that is $44 vs $4 annually, a gap of $40 per year that compounds over a long holding period. On income, MNBD currently yields 3.84% against 2.86% for VYM.
Holdings Overlap
MNBD and VYM share 0 holdings out of 620 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MNBD or VYM?
MNBD has an expense ratio of 0.44% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, MNBD or VYM?
Over the past year MNBD returned +4.39% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), MNBD annualized +4.24% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, MNBD or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.1% for MNBD. Worst drawdown: MNBD -5.9% vs VYM -58.8%.
Should I hold both MNBD and VYM?
MNBD and VYM have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MNBD and VYM?
MNBD and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 620 unique securities.
Which pays a higher dividend, MNBD or VYM?
MNBD yields 3.84% while VYM yields 2.86%, so MNBD currently pays the higher dividend yield.
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