MBNE vs VOO
State Street Nuveen Municipal Bond ESG ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MBNE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.03% | |
| AUM | $9M | $997.4B | |
| Dividend Yield | 3.50% | 1.08% | |
| Holdings | 37 | 509 | |
| YTD Return | -0.17% | +12.25% | |
| 1Y Return | +3.79% | +20.92% | |
| 3Y Return (annualized) | +2.37% | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 5.5% | 14.1% | |
| Max Drawdown | -6.2% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 4, 2022 | Sep 7, 2010 |
MBNE vs VOO Performance
State Street Nuveen Municipal Bond ESG ETF (MBNE) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MBNE returned +3.79% while VOO returned +20.92%. Year to date, MBNE is down 0.17% versus a gain of 12.25% for VOO.
Over three years, MBNE compounded at +2.37% per year against +21.79% for VOO. Across the full 4-year window we track, VOO has the edge at +13.45% annualized vs +2.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 5.5% for MBNE. 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 -6.2% for MBNE and -34.3% for VOO. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MBNE charges 0.43% per year while VOO charges 0.03%. On a $10,000 position that is $43 vs $3 annually, a gap of $40 per year that compounds over a long holding period. On income, MBNE currently yields 3.50% against 1.08% for VOO.
Holdings Overlap
MBNE and VOO share 0 holdings out of 513 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, MBNE or VOO?
MBNE has an expense ratio of 0.43% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, MBNE or VOO?
Over the past year MBNE returned +3.79% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), MBNE annualized +2.09% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, MBNE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.5% for MBNE. Worst drawdown: MBNE -6.2% vs VOO -34.3%.
Should I hold both MBNE and VOO?
MBNE and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MBNE and VOO?
MBNE and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, MBNE or VOO?
MBNE yields 3.50% while VOO yields 1.08%, so MBNE currently pays the higher dividend yield.
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