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ALPS Intermediate Municipal Bond ETF MNBD
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | MNBD | Replication |
|---|---|---|
| Annualized growth | 3.3% | 2.3% |
| Annualized volatility | 4.3% | 4.2% |
| Sharpe ratio | 0.78 | 0.56 |
| Maximum drawdown | 5.6% | 5.4% |
| Replication fit (R²) | 0.94 · Tracking error 1.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model MNBD’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 80.2% |
| STIP | FI · Short TIPS | 16.2% |
| VCSH | FI · Short Corp | 3.6% |