MUNAvsAAACETF Comparison
ETF 1
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.15%
VS
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) and Columbia AAA CLO ETF (AAAC) have similar underlying exposures to countries and sectors. MUNA's top 1 sector exposures are Municipal. In contrast, AAAC's top sector exposures are Industrials, Non-Corporate and Finance. MUNA is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.2% for AAAC. MUNA is up 0.94% year-to-date (YTD) with +$2M in YTD flows. AAAC performs better with 3.48% YTD performance, and +$93M in YTD flows. Run a side-by-side ETF comparison of MUNA and AAAC 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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MUNA vs AAAC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNA AAAC | -0.40%+0.46% | -0.13%+1.26% | +0.94%+3.48% | +0.90%n/a | n/an/a | n/an/a |
| Flows | MUNA AAAC | -- | +$3K+$93M | +$2M+$93M | +$3M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNA AAAC | +0.87%+0.26% | +0.89%n/a | n/an/a | n/an/a |
| Max drawdown | MUNA AAAC | -0.53%n/a | -0.85%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUNA AAAC | 17dn/a | 97dn/a | n/an/a | n/an/a |
Trading data
MUNA | AAAC | |
Last sale 9/14/2026 at 1:30 PM | $99.57 | $20.09 |
| Previous close 09/11/2026 | $99.57 | $20.09 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
MUNA | AAAC | |
|---|---|---|
| Last price | $99.57 | $20.09 |
| 1D performance | +0.00% | +0.00% |
| AuM | $7.96 M | $103.40 M |
| E/R | 0.18% | 0.2% |
Characteristics
MUNA | AAAC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | Columbia Threadneedle Investments |
| Benchmark | - | - |
| N° of holdings | 32 | 17 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | December 11, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNA
USA
13.64%
Other
86.36%
AAAC
USA
18.07%
Other
81.93%
Sectors
MUNA
Municipal
13.64%
Other
86.36%
AAAC
Industrials
13.12%
Other
86.88%
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Diversification
MUNA
Total weight of top 15 holdings out of 15
18.39%
AAAC
Total weight of top 15 holdings out of 15
30.36%
Top 15 holdings
Data as of July 31, 2026
MUNA
US213651MR06
2.07%
US64327TKP20
2.01%
US407287MS70
1.49%
US749845M592
1.26%
State of Ohio, 5% 1oct2027, USD (2019B)
1.14%
US564395TS05
1.14%
US662523P864
1.14%
US228485LT39
1.10%
US812643UL69
1.08%
Maryland, 5% 1aug2028, USD
1.05%
US735422NS20
1.01%
US425507HH68
1.00%
US577625T632
0.98%
US92937NDC56
0.97%
South Carolina Transportation Infrasructure Bank, 5% 1oct2026, USD (2021B)
0.95%
AAAC
Columbia Short Term Cash Fund
3.01%
US26249MAQ06
2.18%
Octagon 2025-1A, FRN 22jan2038, USD (ABS, A1)
1.94%
US67591JBE10
1.94%
US27830XBL91
1.94%
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
1.94%
US82809EAN04
1.94%
US75901PAS56
1.94%
US48254GAW69
1.94%
US55952AAN90
1.94%
US03755QAC78
1.93%
US04015WBU71
1.93%
US64130TBJ34
1.93%
US284913AA87
1.93%
US883932AN54
1.93%
Frequently asked questions about MUNA and AAAC
How have the MUNA and AAAC ETFs performed in 2026?
As of September 11, 2026, MUNA is up 0.94% year-to-date (YTD), while AAAC has returned 3.48%. That puts AAAC better performer ahead so far this year.
Which ETF is attracting more investor money: MUNA or AAAC?
Year-to-date, the MUNA ETF saw +$2M in flows, compared to +$93M for AAAC.
Which ETF is bigger: MUNA or AAAC?
As of September 11, 2026, MUNA holds $7.96 M in assets under management (AUM), while AAAC manages $103.40 M.
What sectors do the MUNA and AAAC ETFs invest in?
MUNA leans toward sectors like Municipal. Meanwhile, AAAC focuses on Industrials.
What are the top holdings of the MUNA ETF and AAAC ETF?
MUNA top holdings include US213651MR06, US64327TKP20 and US407287MS70. AAAC holds in its top three: Columbia Short Term Cash Fund, US26249MAQ06 and Octagon 2025-1A, FRN 22jan2038, USD (ABS, A1).
Which ETF is more diversified: MUNA or AAAC?
MUNA holds 227 securities with 18.39% of its assets in the top 15. AAAC has 92 securities and a top 15 weight of 30.36%.
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Latest news about MUNA & AAAC
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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