CLOAvsMUNDETF Comparison
VS
ETF 2
MUND
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.09%
iShares AAA CLO Active ETF (CLOA) and Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) have similar underlying exposures to countries and sectors. CLOA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, MUND's top sector exposures are Municipal. CLOA is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.18% for MUND. CLOA is up 3.15% year-to-date (YTD) with +$871M in YTD flows. MUND performs worse with 0.45% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of CLOA and MUND 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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CLOA vs MUND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CLOA MUND | +0.48%-0.27% | +1.15%-0.43% | +3.15%+0.45% | +5.01%+4.64% | +20.30%n/a | n/an/a |
| Flows | CLOA MUND | +$78M- | +$125M-$4M | +$871M-$4M | +$1.13B-$6M | +$2.21B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CLOA MUND | +0.20%+2.43% | +0.46%+2.54% | +0.59%n/a | n/an/a |
| Max drawdown | CLOA MUND | n/a-1.94% | -0.11%-2.81% | -0.75%n/a | n/an/a |
| Max drawdown duration | CLOA MUND | n/a52d | 4d115d | 21dn/a | n/an/a |
Trading data
CLOA | MUND | |
Last sale 8/28/2026 at 1:30 PM | $51.98 | $100.82 |
| Previous close 08/27/2026 | $51.98 | $100.71 |
| Consolidated volume 08/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/28/2026 at 1:30 PM
Live
Closed
CLOA | MUND | |
|---|---|---|
| Last price | $51.98 | $100.82 |
| 1D performance | +0.00% | +0.11% |
| AuM | $2.26 B | $4.05 M |
| E/R | 0.2% | 0.18% |
Characteristics
CLOA | MUND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | FlexShares |
| Benchmark | - | - |
| N° of holdings | 65 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 10, 2023 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
CLOA
USA
19.24%
Other
80.76%
MUND
USA
16.28%
Other
83.72%
Sectors
CLOA
Industrials
17.39%
Other
82.61%
MUND
Municipal
16.28%
Other
83.72%
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Diversification
CLOA
Total weight of top 15 holdings out of 15
13.75%
MUND
Total weight of top 15 holdings out of 15
31.27%
Top 15 holdings
Data as of July 31, 2026
CLOA
BlackRock Cash Funds - Treasury
1.85%
US48257WAA62
0.91%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.91%
US87268VAA35
0.91%
1988 CLO 2023-2A, FRN 15apr2038, USD (ABS, A1R)
0.91%
US04018XAN93
0.91%
US29003NAJ46
0.91%
Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)
0.91%
US48255UAV61
0.89%
US64754YAA73
0.86%
US143111AY87
0.84%
US003943AA51
0.78%
US03330WAU80
0.73%
US29002AAW45
0.73%
US48254LAN55
0.69%
MUND
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
3.17%
US549203WZ61
3.17%
US70252FAM68
3.10%
US03588JPC08
2.31%
US452227VK43
2.23%
US495033HC93
2.00%
US562895XK30
1.91%
US64972JWB06
1.86%
US267169HC76
1.83%
US261174FF89
1.79%
US866849W574
1.73%
US05914GFN34
1.63%
US774286FD54
1.62%
US79467BHP31
1.48%
US495033HF25
1.45%
Frequently asked questions about CLOA and MUND
How have the CLOA and MUND ETFs performed in 2026?
As of August 28, 2026, CLOA is up 3.15% year-to-date (YTD), while MUND has returned 0.45%. That puts CLOA better performer ahead so far this year.
Which ETF is attracting more investor money: CLOA or MUND?
Year-to-date, the CLOA ETF saw +$871M in flows, compared to -$4M for MUND.
Which ETF is more volatile: CLOA or MUND?
Over the past year, CLOA had a volatility of 0.46%, while MUND experienced 2.54%.
Which ETF is bigger: CLOA or MUND?
As of August 28, 2026, CLOA holds $2.26 B in assets under management (AUM), while MUND manages $4.05 M.
What sectors do the CLOA and MUND ETFs invest in?
CLOA leans toward sectors like Industrials. Meanwhile, MUND focuses on Municipal.
What are the top holdings of the CLOA ETF and MUND ETF?
CLOA top holdings include BlackRock Cash Funds - Treasury, US48257WAA62 and AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1). MUND holds in its top three: Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2), US549203WZ61 and US70252FAM68.
Which ETF is more diversified: CLOA or MUND?
CLOA holds 414 securities with 13.75% of its assets in the top 15. MUND has 98 securities and a top 15 weight of 31.27%.
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Latest news about CLOA & MUND
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUND
Tony's ETF Buyers Guide: Collateralized Loan Obligation (CLO) ETFs
June 27, 2024
CLOA
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