AAACvsMUNBETF Comparison
VS
ETF 2
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.02%
Columbia AAA CLO ETF (AAAC) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) have similar underlying exposures to countries and sectors. AAAC's top 3 sector exposures are Industrials, Non-Corporate and Finance. In contrast, MUNB's top sector exposures are Municipal. AAAC is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.18% for MUNB. AAAC is up 4.01% year-to-date (YTD) with +$85M in YTD flows. MUNB performs worse with 0.06% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of AAAC and MUNB 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 MUNB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | AAAC MUNB | +0.36%+3.20% | +1.20%+0.15% | +4.01%+0.06% | n/a+0.52% | n/an/a | n/an/a |
| Flows | AAAC MUNB | -$8M- | -$8M- | +$85M+$9M | -+$9M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | AAAC MUNB | +0.21%+3.44% | n/a+2.32% | n/an/a | n/an/a |
| Max drawdown | AAAC MUNB | -0.01%-3.60% | n/a-4.79% | n/an/a | n/an/a |
| Max drawdown duration | AAAC MUNB | 4d76d | n/a244d | n/an/a | n/an/a |
Trading data
AAAC | MUNB | |
Last sale 10/29/2026 at 1:30 PM | $20.09 | $99.48 |
| Previous close 10/28/2026 | $20.08 | $99.48 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
AAAC | MUNB | |
|---|---|---|
| Last price | $20.09 | $99.48 |
| 1D performance | +0.05% | +0.00% |
| AuM | $95.43 M | $13.91 M |
| E/R | 0.2% | 0.18% |
Characteristics
AAAC | MUNB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Columbia Threadneedle Investments | FlexShares |
| Benchmark | - | - |
| N° of holdings | 17 | 31 |
| 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
18.09%
Other
81.91%
MUNB
USA
15.56%
Other
84.44%
Sectors
AAAC
Industrials
13.11%
Other
86.89%
MUNB
Municipal
15.56%
Other
84.44%
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Diversification
AAAC
Total weight of top 15 holdings out of 15
30.32%
MUNB
Total weight of top 15 holdings out of 15
16.58%
Top 15 holdings
Data as of August 31, 2026
AAAC
Columbia Short Term Cash Fund
3.04%
US26249MAQ06
2.17%
US284913AA87
1.94%
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
1.94%
US03754FAC23
1.93%
US77342MAY21
1.93%
US15032EAY59
1.93%
US67402FAU30
1.93%
US59966PAN24
1.93%
Ballyrock CLO 2024-22A, FRN 15jul2039, USD (ABS, A1R)
1.93%
US75901PAS56
1.93%
Venture CLO 2017-28A, FRN 20oct2034, USD (ABS, A1R)
1.93%
US48254GAW69
1.93%
US488930AA67
1.93%
US883932AN54
1.93%
MUNB
District of Columbia, 5% 1dec2026, USD
1.51%
US153476GN09
1.44%
US93972ADP84
1.20%
District of Columbia, 5% 1jun2029, USD (2023B)
1.18%
US517845LF85
1.14%
US365591YX88
1.11%
US749845H220
1.11%
District of Columbia, 5% 1jan2029, USD (2023A)
1.09%
US64711PNE69
1.09%
US495098D288
1.05%
US639905EW41
1.01%
US963099QK58
0.97%
Dallas and Fort Worth International Airport, 5% 1nov2028, USD (2023B)
0.94%
US451446AU27
0.88%
US749845M675
0.85%
Frequently asked questions about AAAC and MUNB
How have the AAAC and MUNB ETFs performed in 2026?
As of October 28, 2026, AAAC is up 4.01% year-to-date (YTD), while MUNB has returned 0.06%. That puts AAAC better performer ahead so far this year.
Which ETF is attracting more investor money: AAAC or MUNB?
Year-to-date, the AAAC ETF saw +$85M in flows, compared to +$9M for MUNB.
Which ETF is bigger: AAAC or MUNB?
As of October 28, 2026, AAAC holds $95.43 M in assets under management (AUM), while MUNB manages $13.91 M.
What sectors do the AAAC and MUNB ETFs invest in?
AAAC leans toward sectors like Industrials. Meanwhile, MUNB focuses on Municipal.
What are the top holdings of the AAAC ETF and MUNB ETF?
AAAC top holdings include Columbia Short Term Cash Fund, US26249MAQ06 and US284913AA87. MUNB holds in its top three: District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84.
Which ETF is more diversified: AAAC or MUNB?
AAAC holds 92 securities with 30.32% of its assets in the top 15. MUNB has 252 securities and a top 15 weight of 16.58%.
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Latest news about AAAC & MUNB
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
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