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CAIEvsMUNCETF Comparison

ETF 1

CAIE

Calamos Autocallable Income ETF

This fund is part of

Options Strategies

-0.25%

Full CAIE fund page

VS

ETF 2

MUNC

Northern Trust 2045 Tax-Exempt Distributing Ladder ETF

This fund is part of

Municipal Bonds

-0.24%

Full MUNC fund page

Calamos Autocallable Income ETF (CAIE) and Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) have similar underlying exposures to countries and sectors. CAIE's top 1 sector exposures are Sovereign. In contrast, MUNC's top sector exposures are Municipal. CAIE is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.18% for MUNC. CAIE is up 10.25% year-to-date (YTD) with +$787M in YTD flows. MUNC performs worse with -1.32% YTD performance, and -$2M in YTD flows. Run a side-by-side ETF comparison of CAIE and MUNC 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 MUNC performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/08/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	CAIE MUNC	-1.01%-1.67%	+2.61%-2.48%	+10.25%-1.32%	+15.84%+0.94%	n/an/a	n/an/a
Flows	CAIE MUNC	+$103M-	+$354M-	+$787M-$2M	+$1.14B-$2M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	CAIE MUNC	+10.12%+2.38%	+11.08%+2.33%	n/an/a	n/an/a
Max drawdown	CAIE MUNC	-3.02%-2.89%	-7.22%-3.57%	n/an/a	n/an/a
Max drawdown duration	CAIE MUNC	16d65d	91d192d	n/an/a	n/an/a

Trading data

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	CAIE	MUNC
Last sale 9/10/2026 at 1:30 PM	$26.36	$99.09
Previous close 09/09/2026	$26.59	$99.09
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	MUNC
Last price	$26.36	$99.09
1D performance	-0.86%	+0.00%
AuM	$1.30 B	$7.94 M
E/R	0.74%	0.18%

Characteristics

	CAIE	MUNC
Management strategy	Active	Active
Provider	Calamos Investments	FlexShares
Benchmark	-	-
N° of holdings	2	20
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	June 25, 2025	August 19, 2025
ESG	No	No

More CAIE data on Trackinsight

More MUNC data on Trackinsight

Exposure

Countries

CAIE

USA

13.56%

Other

86.44%

MUNC

USA

15.7%

Other

84.3%

Sectors

CAIE

Sovereign

13.56%

Other

86.44%

MUNC

Municipal

15.7%

Other

84.3%

Diversification

CAIE

Total weight of top 2 holdings out of 2

92.88%

MUNC

Total weight of top 15 holdings out of 15

32.28%

Top 15 holdings

Data as of July 31, 2026

CAIE

US12811T5149

79.32%

USA, Bills 0% 7jan2027, USD (182D)

13.56%

MUNC

Utility Debt Securitization Authority, 5% 15dec2029, USD (2022)

3.34%

US866849W400

3.25%

US544532CU63

3.23%

US930864JG97

3.03%

US64613CAZ14

2.62%

US562895XK30

2.54%

US05914GFN34

1.92%

US153480AJ70

1.86%

US315361MP77

1.84%

Greater Chicago Metropolitan Water Reclamation District, 5.25% 1dec2035, USD

1.71%

US216181GE19

1.44%

US812670DV64

1.42%

US779240RF94

1.39%

US749030EE89

1.37%

US79289ABY82

1.35%

Frequently asked questions about CAIE and MUNC

How have the CAIE and MUNC ETFs performed in 2026?

As of September 8, 2026, CAIE is up 10.25% year-to-date (YTD), while MUNC has lost -1.32%. That puts CAIE better performer ahead so far this year.

Which ETF is attracting more investor money: CAIE or MUNC?

Year-to-date, the CAIE ETF saw +$787M in flows, compared to -$2M for MUNC.

Which ETF is more volatile: CAIE or MUNC?

Over the past year, CAIE had a volatility of 11.08%, while MUNC experienced 2.33%.

Which ETF is bigger: CAIE or MUNC?

As of September 8, 2026, CAIE holds $1.30 B in assets under management (AUM), while MUNC manages $7.94 M.

What sectors do the CAIE and MUNC ETFs invest in?

CAIE leans toward sectors like Sovereign. Meanwhile, MUNC focuses on Municipal.

What are the top holdings of the CAIE ETF and MUNC ETF?

CAIE top holdings include US12811T5149 and USA, Bills 0% 7jan2027, USD (182D). MUNC holds in its top three: Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63.

CAIEvsMUNCETF Comparison

Calamos Autocallable Income ETF

Northern Trust 2045 Tax-Exempt Distributing Ladder ETF

CAIE vs MUNC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the CAIE and MUNC ETFs performed in 2026?

As of September 8, 2026, CAIE is up 10.25% year-to-date (YTD), while MUNC has lost -1.32%. That puts CAIE better performer ahead so far this year.

Which ETF is attracting more investor money: CAIE or MUNC?

Year-to-date, the CAIE ETF saw +$787M in flows, compared to -$2M for MUNC.

Which ETF is more volatile: CAIE or MUNC?

Over the past year, CAIE had a volatility of 11.08%, while MUNC experienced 2.33%.

Which ETF is bigger: CAIE or MUNC?

As of September 8, 2026, CAIE holds $1.30 B in assets under management (AUM), while MUNC manages $7.94 M.

What sectors do the CAIE and MUNC ETFs invest in?

CAIE leans toward sectors like Sovereign. Meanwhile, MUNC focuses on Municipal.

What are the top holdings of the CAIE ETF and MUNC ETF?

CAIE top holdings include US12811T5149 and USA, Bills 0% 7jan2027, USD (182D). MUNC holds in its top three: Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63.

Which ETF is more diversified: CAIE or MUNC?

CAIE has 2 securities. MUNC has 152 securities and a top 15 weight of 32.28%.

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