CAIEvsMUNBETF Comparison
VS
ETF 2
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.24%
Calamos Autocallable Income ETF (CAIE) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) have similar underlying exposures to countries and sectors. CAIE's top 1 sector exposures are Sovereign. In contrast, MUNB's top sector exposures are Municipal. CAIE is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.18% for MUNB. CAIE is up 10.25% year-to-date (YTD) with +$787M in YTD flows. MUNB performs worse with -0.52% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of CAIE 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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CAIE vs MUNB 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 MUNB | -1.01%-0.90% | +2.61%-1.13% | +10.25%-0.52% | +15.84%+0.36% | n/an/a | n/an/a |
| Flows | CAIE MUNB | +$103M- | +$354M- | +$787M+$9M | +$1.14B+$9M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CAIE MUNB | +10.12%+1.66% | +11.08%+1.72% | n/an/a | n/an/a |
| Max drawdown | CAIE MUNB | -3.02%-1.37% | -7.22%-2.40% | n/an/a | n/an/a |
| Max drawdown duration | CAIE MUNB | 16d65d | 91d195d | n/an/a | n/an/a |
Trading data
CAIE | MUNB | |
Last sale 9/10/2026 at 1:30 PM | $26.36 | $99.13 |
| Previous close 09/09/2026 | $26.59 | $99.13 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
CAIE | MUNB | |
|---|---|---|
| Last price | $26.36 | $99.13 |
| 1D performance | -0.86% | +0.00% |
| AuM | $1.30 B | $13.86 M |
| E/R | 0.74% | 0.18% |
Characteristics
CAIE | MUNB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Calamos Investments | FlexShares |
| Benchmark | - | - |
| N° of holdings | 2 | 31 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2025 | August 19, 2025 |
| ESG | No | No |
Exposure
Countries
CAIE
USA
13.56%
Other
86.44%
MUNB
USA
15.62%
Other
84.38%
Sectors
CAIE
Sovereign
13.56%
Other
86.44%
MUNB
Municipal
15.62%
Other
84.38%
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Diversification
CAIE
Total weight of top 2 holdings out of 2
92.88%
MUNB
Total weight of top 15 holdings out of 15
16.64%
Top 15 holdings
Data as of July 31, 2026
CAIE
US12811T5149
79.32%
USA, Bills 0% 7jan2027, USD (182D)
13.56%
MUNB
District of Columbia, 5% 1dec2026, USD
1.52%
US153476GN09
1.45%
US93972ADP84
1.20%
District of Columbia, 5% 1jun2029, USD (2023B)
1.18%
US517845LF85
1.14%
US365591YX88
1.12%
US749845H220
1.12%
US64711PNE69
1.10%
District of Columbia, 5% 1jan2029, USD (2023A)
1.10%
US495098D288
1.06%
US639905EW41
1.02%
US963099QK58
0.97%
Dallas and Fort Worth International Airport, 5% 1nov2028, USD (2023B)
0.94%
US451446AU27
0.88%
US749845M675
0.86%
Frequently asked questions about CAIE and MUNB
How have the CAIE and MUNB ETFs performed in 2026?
As of September 8, 2026, CAIE is up 10.25% year-to-date (YTD), while MUNB has lost -0.52%. That puts CAIE better performer ahead so far this year.
Which ETF is attracting more investor money: CAIE or MUNB?
Year-to-date, the CAIE ETF saw +$787M in flows, compared to +$9M for MUNB.
Which ETF is more volatile: CAIE or MUNB?
Over the past year, CAIE had a volatility of 11.08%, while MUNB experienced 1.72%.
Which ETF is bigger: CAIE or MUNB?
As of September 8, 2026, CAIE holds $1.30 B in assets under management (AUM), while MUNB manages $13.86 M.
What sectors do the CAIE and MUNB ETFs invest in?
CAIE leans toward sectors like Sovereign. Meanwhile, MUNB focuses on Municipal.
What are the top holdings of the CAIE ETF and MUNB ETF?
CAIE top holdings include US12811T5149 and USA, Bills 0% 7jan2027, USD (182D). MUNB holds in its top three: District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84.
Which ETF is more diversified: CAIE or MUNB?
CAIE has 2 securities. MUNB has 252 securities and a top 15 weight of 16.64%.
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Latest news about CAIE & MUNB
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February 10, 2026
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Ask the Manager: Jordan Rosenfeld on CAIE Momentum, Investor Conviction and Market Impact
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