CAIQvsMUNBETF Comparison
VS
ETF 2
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.01%
Calamos Nasdaq Autocallable Income ETF (CAIQ) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) have similar underlying exposures to countries and sectors. CAIQ's top 1 sector exposures are Sovereign. In contrast, MUNB's top sector exposures are Municipal. CAIQ is more expensive with a Total Expense Ratio (TER) of 0.86%, versus 0.18% for MUNB. CAIQ is up 12.74% year-to-date (YTD) with +$306M in YTD flows. MUNB performs worse with -0.23% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of CAIQ 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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CAIQ 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. | CAIQ MUNB | +0.03%-0.62% | +0.47%-0.82% | +12.74%-0.23% | n/a+0.74% | n/an/a | n/an/a |
| Flows | CAIQ MUNB | +$44M- | +$140M- | +$306M+$9M | -+$9M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CAIQ MUNB | +11.70%+1.58% | n/a+1.69% | n/an/a | n/an/a |
| Max drawdown | CAIQ MUNB | -5.79%-1.29% | n/a-2.40% | n/an/a | n/an/a |
| Max drawdown duration | CAIQ MUNB | 58d64d | n/a194d | n/an/a | n/an/a |
Trading data
CAIQ | MUNB | |
Last sale 9/9/2026 at 1:30 PM | $25.47 | $99.13 |
| Previous close 09/08/2026 | $25.51 | $99.41 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
CAIQ | MUNB | |
|---|---|---|
| Last price | $25.47 | $99.13 |
| 1D performance | -0.17% | -0.28% |
| AuM | $342.84 M | $13.90 M |
| E/R | 0.86% | 0.18% |
Characteristics
CAIQ | 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 | November 20, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
CAIQ
USA
14.84%
Other
85.16%
MUNB
USA
15.62%
Other
84.38%
Sectors
CAIQ
Sovereign
14.84%
Other
85.16%
MUNB
Municipal
15.62%
Other
84.38%
Diversification
CAIQ
Total weight of top 2 holdings out of 2
95.89%
MUNB
Total weight of top 15 holdings out of 15
16.64%
Top 15 holdings
Data as of July 31, 2026
CAIQ
US12811T5149
81.06%
USA, Bills 0% 7jan2027, USD (182D)
14.84%
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 CAIQ and MUNB
How have the CAIQ and MUNB ETFs performed in 2026?
As of September 8, 2026, CAIQ is up 12.74% year-to-date (YTD), while MUNB has lost -0.23%. That puts CAIQ better performer ahead so far this year.
Which ETF is attracting more investor money: CAIQ or MUNB?
Year-to-date, the CAIQ ETF saw +$306M in flows, compared to +$9M for MUNB.
Which ETF is bigger: CAIQ or MUNB?
As of September 8, 2026, CAIQ holds $342.84 M in assets under management (AUM), while MUNB manages $13.90 M.
What sectors do the CAIQ and MUNB ETFs invest in?
CAIQ leans toward sectors like Sovereign. Meanwhile, MUNB focuses on Municipal.
What are the top holdings of the CAIQ ETF and MUNB ETF?
CAIQ 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: CAIQ or MUNB?
CAIQ has 2 securities. MUNB has 252 securities and a top 15 weight of 16.64%.
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Latest news about CAIQ & MUNB
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
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Autocallables: The Next Generation of Equity Income ETFs
November 20, 2025
CAIQ
Autocallables: The Next Generation of Equity Income ETFs
November 20, 2025
CAIQ
ETF Strategies Explained for Dummies, Part 2 (With Examples)
January 1, 1970
CAIQ
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