MUNAvsMBSDETF 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 Northern Trust Disciplined Duration MBS ETF (MBSD) have similar underlying exposures to countries and sectors. MUNA's top 1 sector exposures are Municipal. In contrast, MBSD's top sector exposures are Industrials. MUNA is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.21% for MBSD. MUNA is up 0.94% year-to-date (YTD) with +$2M in YTD flows. MBSD performs worse with -0.84% YTD performance, and -$987K in YTD flows. Run a side-by-side ETF comparison of MUNA and MBSD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MUNA vs MBSD 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 MBSD | -0.40%-1.04% | -0.13%-1.39% | +0.94%-0.84% | +0.90%+0.30% | n/a+12.94% | n/a+1.39% |
| Flows | MUNA MBSD | -- | +$3K-$4M | +$2M-$987K | +$3M+$6M | -+$16M | --$5M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNA MBSD | +0.87%+3.24% | +0.89%+2.92% | n/a+4.04% | n/a+4.65% |
| Max drawdown | MUNA MBSD | -0.53%-1.76% | -0.85%-2.27% | n/a-3.51% | n/a-13.89% |
| Max drawdown duration | MUNA MBSD | 17d74d | 97d194d | n/a196d | n/a1449d |
Trading data
MUNA | MBSD | |
Last sale 9/14/2026 at 1:30 PM | $99.57 | $20.12 |
| Previous close 09/11/2026 | $99.57 | $20.11 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 14, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MUNA
is actively managed and doesn’t replicate an indexMUNA | MBSD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
MUNA | MBSD | |
|---|---|---|
| Last price | $99.57 | $20.12 |
| 1D performance | +0.00% | +0.02% |
| AuM | $7.96 M | $87.53 M |
| E/R | 0.18% | 0.21% |
Characteristics
MUNA | MBSD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | FlexShares | Northern Trust |
| Benchmark | - | ICE BofA Constrained Duration US MBS Index |
| N° of holdings | 32 | 39 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | September 3, 2014 |
| ESG | No | No |
Advertisement
Exposure
Countries
MUNA
USA
13.64%
Other
86.36%
MBSD
USA
12.86%
Other
87.14%
Sectors
MUNA
Municipal
13.64%
Other
86.36%
MBSD
Industrials
12.86%
Other
87.14%
Diversification
MUNA
Total weight of top 15 holdings out of 15
18.39%
MBSD
Total weight of top 15 holdings out of 15
22.98%
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%
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%
Frequently asked questions about MUNA and MBSD
How have the MUNA and MBSD ETFs performed in 2026?
As of September 11, 2026, MUNA is up 0.94% year-to-date (YTD), while MBSD has lost -0.84%. That puts MUNA better performer ahead so far this year.
Which ETF is attracting more investor money: MUNA or MBSD?
Year-to-date, the MUNA ETF saw +$2M in flows, compared to -$987K for MBSD.
Which ETF is more volatile: MUNA or MBSD?
Over the past year, MUNA had a volatility of 0.89%, while MBSD experienced 2.92%.
Which ETF is bigger: MUNA or MBSD?
As of September 11, 2026, MUNA holds $7.96 M in assets under management (AUM), while MBSD manages $87.53 M.
What sectors do the MUNA and MBSD ETFs invest in?
MUNA leans toward sectors like Municipal. Meanwhile, MBSD focuses on Industrials.
What are the top holdings of the MUNA ETF and MBSD ETF?
MUNA top holdings include US213651MR06, US64327TKP20 and US407287MS70. MBSD holds in its top three: US01F0626972, US01F0406938 and US36180AAK97.
Which ETF is more diversified: MUNA or MBSD?
MUNA holds 227 securities with 18.39% of its assets in the top 15. MBSD has 466 securities and a top 15 weight of 22.98%.
Advertisement
Latest news about MUNA & MBSD
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
Advertisement
Advertisement
