MUNAvsMUNBETF Comparison
ETF 1
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.02%
VS
ETF 2
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.02%
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) and Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) 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 MUNB have the same Total Expense Ratio (TER) of 0.18%. MUNA is up 1.53% year-to-date (YTD) with +$2M in YTD flows. MUNB performs worse with 0.06% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of MUNA and MUNB 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 MUNB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNA MUNB | +1.67%+3.20% | +0.44%+0.15% | +1.53%+0.06% | +2.16%+0.52% | n/an/a | n/an/a |
| Flows | MUNA MUNB | -- | -$1M- | +$2M+$9M | +$3M+$9M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNA MUNB | +1.61%+3.44% | +1.11%+2.32% | n/an/a | n/an/a |
| Max drawdown | MUNA MUNB | -1.61%-3.60% | -1.61%-4.79% | n/an/a | n/an/a |
| Max drawdown duration | MUNA MUNB | 59d76d | 59d244d | n/an/a | n/an/a |
Trading data
MUNA | MUNB | |
Last sale 10/29/2026 at 1:30 PM | $100.04 | $99.51 |
| Previous close 10/28/2026 | $99.94 | $99.48 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
MUNA | MUNB | |
|---|---|---|
| Last price | $100.04 | $99.51 |
| 1D performance | +0.10% | +0.03% |
| AuM | $7.98 M | $13.91 M |
| E/R | 0.18% | 0.18% |
Characteristics
MUNA | MUNB | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | FlexShares |
| Benchmark | - | - |
| N° of holdings | 36 | 31 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
MUNA
USA
15.3%
Other
84.7%
MUNB
USA
15.56%
Other
84.44%
Sectors
MUNA
Municipal
15.3%
Other
84.7%
MUNB
Municipal
15.56%
Other
84.44%
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Diversification
MUNA
Total weight of top 15 holdings out of 15
17.98%
MUNB
Total weight of top 15 holdings out of 15
16.58%
Top 15 holdings
Data as of August 31, 2026
MUNA
US213651MR06
2.32%
US749845M592
1.42%
State of Ohio, 5% 1oct2027, USD (2019B)
1.28%
US564395TS05
1.27%
US228485LT39
1.24%
US812643UL69
1.21%
US735422NS20
1.13%
US577625T632
1.10%
US92937NDC56
1.08%
South Carolina Transportation Infrasructure Bank, 5% 1oct2026, USD (2021B)
1.06%
US602248LG95
1.00%
US217813BB94
0.99%
State of Washington, 5% 1jun2028, USD (2021F)
0.98%
US163103VP65
0.96%
US641480JN95
0.94%
MUNB
District of Columbia, 5% 1dec2026, USD
1.51%
US153476GN09
1.44%
US93972ADP84
1.20%
District of Columbia, 5% 1jun2029, USD (2023B)
1.18%
US517845LF85
1.14%
US365591YX88
1.11%
US749845H220
1.11%
District of Columbia, 5% 1jan2029, USD (2023A)
1.09%
US64711PNE69
1.09%
US495098D288
1.05%
US639905EW41
1.01%
US963099QK58
0.97%
Dallas and Fort Worth International Airport, 5% 1nov2028, USD (2023B)
0.94%
US451446AU27
0.88%
US749845M675
0.85%
Frequently asked questions about MUNA and MUNB
How have the MUNA and MUNB ETFs performed in 2026?
As of October 28, 2026, MUNA is up 1.53% year-to-date (YTD), while MUNB has returned 0.06%. That puts MUNA better performer ahead so far this year.
Which ETF is attracting more investor money: MUNA or MUNB?
Year-to-date, the MUNA ETF saw +$2M in flows, compared to +$9M for MUNB.
Which ETF is more volatile: MUNA or MUNB?
Over the past year, MUNA had a volatility of 1.11%, while MUNB experienced 2.32%.
Which ETF is bigger: MUNA or MUNB?
As of October 28, 2026, MUNA holds $7.98 M in assets under management (AUM), while MUNB manages $13.91 M.
What sectors do the MUNA and MUNB ETFs invest in?
MUNA leans toward sectors like Municipal. Meanwhile, MUNB focuses on Municipal.
What are the top holdings of the MUNA ETF and MUNB ETF?
MUNA top holdings include US213651MR06, US749845M592 and State of Ohio, 5% 1oct2027, USD (2019B). MUNB holds in its top three: District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84.
Which ETF is more diversified: MUNA or MUNB?
MUNA holds 228 securities with 17.98% of its assets in the top 15. MUNB has 252 securities and a top 15 weight of 16.58%.
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Latest news about MUNA & MUNB
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
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