IBMVvsMUNCETF Comparison
VS
ETF 2
MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0%
iShares iBonds Dec 2033 Term Muni Bond ETF (IBMV) and Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: Municipal Bonds. IBMV's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MUNC's top sector exposures are Municipal. IBMV is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.18% for MUNC. Run a side-by-side ETF comparison of IBMV 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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IBMV vs MUNC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMV MUNC | +0.42%+0.15% | -2.23%-2.82% | n/a-2.04% | n/a-1.27% | n/an/a | n/an/a |
| Flows | IBMV MUNC | +$6M- | +$13M- | --$2M | --$2M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMV MUNC | +5.24%+4.48% | n/a+2.97% | n/an/a | n/an/a |
| Max drawdown | IBMV MUNC | -5.46%-5.28% | n/a-6.70% | n/an/a | n/an/a |
| Max drawdown duration | IBMV MUNC | 64d92d | n/a229d | n/an/a | n/an/a |
Trading data
IBMV | MUNC | |
Last sale 10/19/2026 at 1:46 PM | $98.13 | |
| Previous close 10/16/2026 | $98.13 | |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MUNC
is actively managed and doesn’t replicate an indexIBMV | MUNC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:46 PM
Live
Closed
IBMV | MUNC | |
|---|---|---|
| Last price | – | $98.13 |
| 1D performance | – | -0.00% |
| AuM | $19.52 M | $7.86 M |
| E/R | 0.1% | 0.18% |
Characteristics
IBMV | MUNC | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | FlexShares |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted 2033 Index | - |
| N° of holdings | 64 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
IBMV
USA
17.24%
Other
82.76%
MUNC
USA
15.66%
Other
84.34%
Sectors
IBMV
Municipal
16.41%
Other
83.59%
MUNC
Municipal
15.66%
Other
84.34%
Diversification
IBMV
Total weight of top 15 holdings out of 15
13.55%
MUNC
Total weight of top 15 holdings out of 15
32.31%
Top 15 holdings
Data as of August 31, 2026
IBMV
US447726RP73
1.58%
University of California, 5% 15may2033, USD (2020A)
1.47%
US682001KE14
1.09%
US207758K448
1.08%
US684517SR71
0.94%
US741702BF02
0.85%
BlackRock Liquidity MuniCash
0.83%
US927793V896
0.80%
US64986DPU36
0.76%
Commonwealth Financing Authority, 5% 1sep2033, USD (2023)
0.71%
US25476FF944
0.70%
US56185NGF96
0.69%
US604140XR93
0.68%
US452153LV99
0.68%
City of New York, 5.75% 1aug2005, USD
0.68%
MUNC
Utility Debt Securitization Authority, 5% 15dec2029, USD (2022)
3.33%
US866849W400
3.26%
US544532CU63
3.24%
US930864JG97
3.04%
US64613CAZ14
2.63%
US562895XK30
2.54%
US05914GFN34
1.92%
US153480AJ70
1.85%
US315361MP77
1.84%
Greater Chicago Metropolitan Water Reclamation District, 5.25% 1dec2035, USD
1.70%
US216181GE19
1.44%
US812670DV64
1.42%
US779240RF94
1.39%
US749030EE89
1.37%
US79289ABY82
1.35%
Frequently asked questions about IBMV and MUNC
Which ETF is bigger: IBMV or MUNC?
As of October 16, 2026, IBMV holds $19.52 M in assets under management (AUM), while MUNC manages $7.86 M.
What sectors do the IBMV and MUNC ETFs invest in?
IBMV leans toward sectors like Municipal. Meanwhile, MUNC focuses on Municipal.
What are the top holdings of the IBMV ETF and MUNC ETF?
IBMV top holdings include US447726RP73, University of California, 5% 15may2033, USD (2020A) and US682001KE14. MUNC holds in its top three: Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63.
Which ETF is more diversified: IBMV or MUNC?
IBMV holds 358 securities with 13.55% of its assets in the top 15. MUNC has 152 securities and a top 15 weight of 32.31%.
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Latest news about IBMV & MUNC
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNC
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