MBSDvsMUNDETF Comparison
VS
ETF 2
MUND
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.03%
Northern Trust Disciplined Duration MBS ETF (MBSD) and Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) have similar underlying exposures to countries and sectors. MBSD's top 1 sector exposures are Industrials. In contrast, MUND's top sector exposures are Municipal. MBSD is more expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.18% for MUND. MBSD is down -0.02% year-to-date (YTD) with -$987K in YTD flows. MUND performs worse with -0.3% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of MBSD 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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MBSD vs MUND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MBSD MUND | -0.03%-0.87% | -0.49%-1.80% | -0.02%-0.30% | +2.32%+3.96% | +14.00%n/a | +2.14%n/a |
| Flows | MBSD MUND | -- | -$4M-$4M | -$987K-$4M | +$6M-$6M | +$16M- | -$5M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MBSD MUND | +3.15%+2.48% | +2.90%+2.58% | +4.03%n/a | +4.64%n/a |
| Max drawdown | MBSD MUND | -1.23%-2.61% | -2.04%-2.81% | -3.51%n/a | -13.89%n/a |
| Max drawdown duration | MBSD MUND | 65d58d | 185d115d | 196dn/a | 1449dn/a |
Trading data
MBSD | MUND | |
Last sale 9/2/2026 at 7:16 PM | $20.29 | $99.99 |
| Previous close 09/02/2026 | $20.29 | $99.99 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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MUND
is actively managed and doesn’t replicate an indexMBSD | MUND | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 7:16 PM
Live
Closed
MBSD | MUND | |
|---|---|---|
| Last price | $20.29 | $99.99 |
| 1D performance | +0.02% | +0.00% |
| AuM | $88.25 M | $4.00 M |
| E/R | 0.21% | 0.18% |
Characteristics
MBSD | MUND | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | FlexShares |
| Benchmark | ICE BofA Constrained Duration US MBS Index | - |
| N° of holdings | 39 | 20 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 3, 2014 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
MBSD
USA
12.86%
Other
87.14%
MUND
USA
16.28%
Other
83.72%
Sectors
MBSD
Industrials
12.86%
Other
87.14%
MUND
Municipal
16.28%
Other
83.72%
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Diversification
MBSD
Total weight of top 15 holdings out of 15
22.98%
MUND
Total weight of top 15 holdings out of 15
31.27%
Top 15 holdings
Data as of July 31, 2026
MBSD
US01F0626972
2.56%
US01F0406938
2.17%
US36180AAK97
2.12%
US3132CYFK10
2.02%
US31427QCF72
1.48%
US3140W6KM30
1.39%
US3140XPUS68
1.35%
FN MA4418, 2% 1sep2036, USD (ABS)
1.31%
US3622AAXB57
1.28%
US3140W5Y247
1.28%
US3140W0ZG37
1.23%
US3140XHKH97
1.23%
G2 MA7937, 3% 20mar2052, USD (ABS)
1.19%
US01F0706907
1.18%
G2 MA6283, 3% 20nov2049, USD (ABS)
1.18%
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 MBSD and MUND
How have the MBSD and MUND ETFs performed in 2026?
As of September 2, 2026, MBSD is down -0.02% year-to-date (YTD), while MUND has lost -0.3%. That puts MBSD better performer ahead so far this year.
Which ETF is attracting more investor money: MBSD or MUND?
Year-to-date, the MBSD ETF saw -$987K in flows, compared to -$4M for MUND.
Which ETF is more volatile: MBSD or MUND?
Over the past year, MBSD had a volatility of 2.9%, while MUND experienced 2.58%.
Which ETF is bigger: MBSD or MUND?
As of September 2, 2026, MBSD holds $88.25 M in assets under management (AUM), while MUND manages $4.00 M.
What sectors do the MBSD and MUND ETFs invest in?
MBSD leans toward sectors like Industrials. Meanwhile, MUND focuses on Municipal.
What are the top holdings of the MBSD ETF and MUND ETF?
MBSD top holdings include US01F0626972, US01F0406938 and US36180AAK97. MUND holds in its top three: Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2), US549203WZ61 and US70252FAM68.
Which ETF is more diversified: MBSD or MUND?
MBSD holds 466 securities with 22.98% 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 MBSD & MUND
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUND
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