AAACvsMUNAETF Comparison
VS
ETF 2
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.15%
Columbia AAA CLO ETF (AAAC) and Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) have similar underlying exposures to countries and sectors. AAAC's top 3 sector exposures are Industrials, Non-Corporate and Finance. In contrast, MUNA's top sector exposures are Municipal. AAAC is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.18% for MUNA. AAAC is up 3.48% year-to-date (YTD) with +$93M in YTD flows. MUNA performs worse with 0.94% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of AAAC and MUNA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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AAAC vs MUNA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAAC MUNA | +0.46%-0.40% | +1.26%-0.13% | +3.48%+0.94% | n/a+0.90% | n/an/a | n/an/a |
| Flows | AAAC MUNA | -- | +$93M+$3K | +$93M+$2M | -+$3M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAAC MUNA | +0.26%+0.87% | n/a+0.89% | n/an/a | n/an/a |
| Max drawdown | AAAC MUNA | n/a-0.53% | n/a-0.85% | n/an/a | n/an/a |
| Max drawdown duration | AAAC MUNA | n/a17d | n/a97d | n/an/a | n/an/a |
Trading data
AAAC | MUNA | |
Last sale 9/14/2026 at 1:30 PM | $20.09 | $99.57 |
| Previous close 09/11/2026 | $20.09 | $99.57 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
AAAC | MUNA | |
|---|---|---|
| Last price | $20.09 | $99.57 |
| 1D performance | +0.00% | +0.00% |
| AuM | $103.40 M | $7.96 M |
| E/R | 0.2% | 0.18% |
Characteristics
AAAC | MUNA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Columbia Threadneedle Investments | FlexShares |
| Benchmark | - | - |
| N° of holdings | 17 | 32 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 11, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
AAAC
USA
18.07%
Other
81.93%
MUNA
USA
13.64%
Other
86.36%
Sectors
AAAC
Industrials
13.12%
Other
86.88%
MUNA
Municipal
13.64%
Other
86.36%
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Diversification
AAAC
Total weight of top 15 holdings out of 15
30.36%
MUNA
Total weight of top 15 holdings out of 15
18.39%
Top 15 holdings
Data as of July 31, 2026
AAAC
Columbia Short Term Cash Fund
3.01%
US26249MAQ06
2.18%
Octagon 2025-1A, FRN 22jan2038, USD (ABS, A1)
1.94%
US67591JBE10
1.94%
US27830XBL91
1.94%
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
1.94%
US82809EAN04
1.94%
US75901PAS56
1.94%
US48254GAW69
1.94%
US55952AAN90
1.94%
US03755QAC78
1.93%
US04015WBU71
1.93%
US64130TBJ34
1.93%
US284913AA87
1.93%
US883932AN54
1.93%
MUNA
US213651MR06
2.07%
US64327TKP20
2.01%
US407287MS70
1.49%
US749845M592
1.26%
State of Ohio, 5% 1oct2027, USD (2019B)
1.14%
US564395TS05
1.14%
US662523P864
1.14%
US228485LT39
1.10%
US812643UL69
1.08%
Maryland, 5% 1aug2028, USD
1.05%
US735422NS20
1.01%
US425507HH68
1.00%
US577625T632
0.98%
US92937NDC56
0.97%
South Carolina Transportation Infrasructure Bank, 5% 1oct2026, USD (2021B)
0.95%
Frequently asked questions about AAAC and MUNA
How have the AAAC and MUNA ETFs performed in 2026?
As of September 11, 2026, AAAC is up 3.48% year-to-date (YTD), while MUNA has returned 0.94%. That puts AAAC better performer ahead so far this year.
Which ETF is attracting more investor money: AAAC or MUNA?
Year-to-date, the AAAC ETF saw +$93M in flows, compared to +$2M for MUNA.
Which ETF is bigger: AAAC or MUNA?
As of September 11, 2026, AAAC holds $103.40 M in assets under management (AUM), while MUNA manages $7.96 M.
What sectors do the AAAC and MUNA ETFs invest in?
AAAC leans toward sectors like Industrials. Meanwhile, MUNA focuses on Municipal.
What are the top holdings of the AAAC ETF and MUNA ETF?
AAAC top holdings include Columbia Short Term Cash Fund, US26249MAQ06 and Octagon 2025-1A, FRN 22jan2038, USD (ABS, A1). MUNA holds in its top three: US213651MR06, US64327TKP20 and US407287MS70.
Which ETF is more diversified: AAAC or MUNA?
AAAC holds 92 securities with 30.36% of its assets in the top 15. MUNA has 227 securities and a top 15 weight of 18.39%.
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Latest news about AAAC & MUNA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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