CAIEvsMUNAETF Comparison
VS
ETF 2
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.24%
Calamos Autocallable Income ETF (CAIE) and Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) have similar underlying exposures to countries and sectors. CAIE's top 1 sector exposures are Sovereign. In contrast, MUNA's top sector exposures are Municipal. CAIE is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.18% for MUNA. CAIE is up 10.25% year-to-date (YTD) with +$787M in YTD flows. MUNA performs worse with 1.14% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of CAIE 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
CAIE vs MUNA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CAIE MUNA | -1.01%-0.20% | +2.61%+0.04% | +10.25%+1.14% | +15.84%+1.31% | n/an/a | n/an/a |
| Flows | CAIE MUNA | +$103M- | +$354M+$3K | +$787M+$2M | +$1.14B+$3M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CAIE MUNA | +10.12%+0.75% | +11.08%+0.88% | n/an/a | n/an/a |
| Max drawdown | CAIE MUNA | -3.02%-0.41% | -7.22%-0.85% | n/an/a | n/an/a |
| Max drawdown duration | CAIE MUNA | 16d32d | 91d97d | n/an/a | n/an/a |
Trading data
CAIE | MUNA | |
Last sale 9/10/2026 at 7:01 PM | $26.37 | $99.64 |
| Previous close 09/09/2026 | $26.59 | $99.64 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/10/2026 at 7:01 PM
Live
Closed
CAIE | MUNA | |
|---|---|---|
| Last price | $26.37 | $99.64 |
| 1D performance | -0.83% | +0.00% |
| AuM | $1.30 B | $7.97 M |
| E/R | 0.74% | 0.18% |
Characteristics
CAIE | MUNA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Calamos Investments | FlexShares |
| Benchmark | - | - |
| N° of holdings | 2 | 32 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2025 | August 19, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
CAIE
USA
13.56%
Other
86.44%
MUNA
USA
13.64%
Other
86.36%
Sectors
CAIE
Sovereign
13.56%
Other
86.44%
MUNA
Municipal
13.64%
Other
86.36%
Advertisement
Diversification
CAIE
Total weight of top 2 holdings out of 2
92.88%
MUNA
Total weight of top 15 holdings out of 15
18.39%
Top 15 holdings
Data as of July 31, 2026
CAIE
US12811T5149
79.32%
USA, Bills 0% 7jan2027, USD (182D)
13.56%
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 CAIE and MUNA
How have the CAIE and MUNA ETFs performed in 2026?
As of September 8, 2026, CAIE is up 10.25% year-to-date (YTD), while MUNA has returned 1.14%. That puts CAIE better performer ahead so far this year.
Which ETF is attracting more investor money: CAIE or MUNA?
Year-to-date, the CAIE ETF saw +$787M in flows, compared to +$2M for MUNA.
Which ETF is more volatile: CAIE or MUNA?
Over the past year, CAIE had a volatility of 11.08%, while MUNA experienced 0.88%.
Which ETF is bigger: CAIE or MUNA?
As of September 8, 2026, CAIE holds $1.30 B in assets under management (AUM), while MUNA manages $7.97 M.
What sectors do the CAIE and MUNA ETFs invest in?
CAIE leans toward sectors like Sovereign. Meanwhile, MUNA focuses on Municipal.
What are the top holdings of the CAIE ETF and MUNA ETF?
CAIE top holdings include US12811T5149 and USA, Bills 0% 7jan2027, USD (182D). MUNA holds in its top three: US213651MR06, US64327TKP20 and US407287MS70.
Which ETF is more diversified: CAIE or MUNA?
CAIE has 2 securities. MUNA has 227 securities and a top 15 weight of 18.39%.
Advertisement
Latest news about CAIE & MUNA
There’s an ETF for That? Box Spreads
August 27, 2026
CAIE
Innovations in Swap Based ETFs: Beyond Just Leverage
February 27, 2026
CAIE
Advertisement
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
Ask the Manager: Jordan Rosenfeld on CAIE Momentum, Investor Conviction and Market Impact
January 8, 2026
CAIE
Autocallables: The Next Generation of Equity Income ETFs
November 20, 2025
CAIE
Advertisement
