MUNAvsAUSMETF 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 Allspring Ultra Short Municipal ETF (AUSM) have similar underlying exposures to countries and sectors. They also belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both MUNA and AUSM have the same Total Expense Ratio (TER) of 0.18%. MUNA is up 0.94% year-to-date (YTD) with +$2M in YTD flows. AUSM performs better with 1.37% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of MUNA and AUSM 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 AUSM 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 AUSM | -0.40%-0.11% | -0.13%+0.28% | +0.94%+1.37% | +0.90%+2.10% | n/an/a | n/an/a |
| Flows | MUNA AUSM | -- | +$3K+$2M | +$2M+$3M | +$3M+$7M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNA AUSM | +0.87%+0.50% | +0.89%+0.44% | n/an/a | n/an/a |
| Max drawdown | MUNA AUSM | -0.53%-0.23% | -0.85%-0.24% | n/an/a | n/an/a |
| Max drawdown duration | MUNA AUSM | 17d11d | 97d37d | n/an/a | n/an/a |
Trading data
MUNA | AUSM | |
Last sale 9/14/2026 at 1:30 PM | $99.57 | $24.97 |
| Previous close 09/11/2026 | $99.57 | $24.99 |
| 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 | AUSM | |
|---|---|---|
| Last price | $99.57 | $24.97 |
| 1D performance | +0.00% | -0.08% |
| AuM | $7.96 M | $32.96 M |
| E/R | 0.18% | 0.18% |
Characteristics
MUNA | AUSM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | Allspring |
| Benchmark | - | - |
| N° of holdings | 32 | 15 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | July 8, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNA
USA
13.64%
Other
86.36%
AUSM
USA
12.83%
Other
87.17%
Sectors
MUNA
Municipal
13.64%
Other
86.36%
AUSM
Municipal
12.83%
Other
87.17%
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Diversification
MUNA
Total weight of top 15 holdings out of 15
18.39%
AUSM
Total weight of top 15 holdings out of 15
24.58%
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%
AUSM
US46640KS620
2.27%
US44244CN944
2.12%
US20775DXK35
1.90%
US09025PFN15
1.56%
US7436006C72
1.54%
Chandler Industrial Development Authority, 4.1% 1dec2037, USD (2007)
1.53%
US167562SY49
1.53%
US67756CGH51
1.53%
US01179R6Z17
1.52%
US579729EW01
1.52%
US494053MA62
1.51%
US010050BV34
1.51%
US60700HUN78
1.51%
US735220AX30
1.51%
US88035UKD80
1.51%
Frequently asked questions about MUNA and AUSM
How have the MUNA and AUSM ETFs performed in 2026?
As of September 11, 2026, MUNA is up 0.94% year-to-date (YTD), while AUSM has returned 1.37%. That puts AUSM better performer ahead so far this year.
Which ETF is attracting more investor money: MUNA or AUSM?
Year-to-date, the MUNA ETF saw +$2M in flows, compared to +$3M for AUSM.
Which ETF is more volatile: MUNA or AUSM?
Over the past year, MUNA had a volatility of 0.89%, while AUSM experienced 0.44%.
Which ETF is bigger: MUNA or AUSM?
As of September 11, 2026, MUNA holds $7.96 M in assets under management (AUM), while AUSM manages $32.96 M.
What sectors do the MUNA and AUSM ETFs invest in?
MUNA leans toward sectors like Municipal. Meanwhile, AUSM focuses on Municipal.
What are the top holdings of the MUNA ETF and AUSM ETF?
MUNA top holdings include US213651MR06, US64327TKP20 and US407287MS70. AUSM holds in its top three: US46640KS620, US44244CN944 and US20775DXK35.
Which ETF is more diversified: MUNA or AUSM?
MUNA holds 227 securities with 18.39% of its assets in the top 15. AUSM has 97 securities and a top 15 weight of 24.58%.
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Latest news about MUNA & AUSM
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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