MUNAvsPSQAETF Comparison
ETF 1
MUNA
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.06%
VS
Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) and Palmer Square CLO Senior Debt ETF (PSQA) have similar underlying exposures to countries and sectors. MUNA's top 1 sector exposures are Municipal. In contrast, PSQA's top sector exposures are Industrials and Non-Corporate. MUNA is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.21% for PSQA. MUNA is up 1.54% year-to-date (YTD) with +$2M in YTD flows. PSQA performs better with 4.17% YTD performance, and +$177M in YTD flows. Run a side-by-side ETF comparison of MUNA and PSQA 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 PSQA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNA PSQA | +1.72%+0.39% | +0.45%+1.26% | +1.54%+4.17% | +2.12%+5.06% | n/an/a | n/an/a |
| Flows | MUNA PSQA | -+$25M | -$1M+$102M | +$2M+$177M | +$3M+$198M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNA PSQA | +1.61%+0.20% | +1.11%+0.43% | n/an/a | n/an/a |
| Max drawdown | MUNA PSQA | -1.61%n/a | -1.61%-0.24% | n/an/a | n/an/a |
| Max drawdown duration | MUNA PSQA | 59dn/a | 59d20d | n/an/a | n/an/a |
Trading data
MUNA | PSQA | |
Last sale 10/30/2026 at 1:30 PM | $100.10 | $20.66 |
| Previous close 10/29/2026 | $100.04 | $20.67 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 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 | PSQA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
MUNA | PSQA | |
|---|---|---|
| Last price | $100.10 | $20.66 |
| 1D performance | +0.06% | -0.06% |
| AuM | $7.99 M | $249.72 M |
| E/R | 0.18% | 0.21% |
Characteristics
MUNA | PSQA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | FlexShares | Palmer Square |
| Benchmark | - | Palmer Square CLO Senior Debt Index |
| N° of holdings | 35 | 19 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | September 11, 2024 |
| ESG | No | No |
Exposure
Countries
MUNA
USA
14.44%
Other
85.56%
PSQA
USA
15.99%
Other
84.01%
Sectors
MUNA
Municipal
14.44%
Other
85.56%
PSQA
Industrials
12.99%
Other
87.01%
Advertisement
Diversification
MUNA
Total weight of top 15 holdings out of 15
19.48%
PSQA
Total weight of top 15 holdings out of 15
22.74%
Top 15 holdings
Data as of September 30, 2026
MUNA
US213651MR06
2.34%
US181342HU36
2.22%
US749845M592
1.41%
State of Ohio, 5% 1oct2027, USD (2019B)
1.28%
US564395TS05
1.28%
US45204EF949
1.27%
US228485LT39
1.23%
US812643UL69
1.22%
US735422NS20
1.14%
US577625T632
1.10%
US92937NDC56
1.09%
US602248LG95
0.99%
US217813BB94
0.99%
State of Washington, 5% 1jun2028, USD (2021F)
0.97%
US163103VP65
0.96%
PSQA
Fidelity Investments Money Market Treasury Portfolio
3.00%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
1.88%
US75884YAK47
1.79%
US12549QBL86
1.53%
US03768UAG40
1.34%
US64132TAU79
1.34%
US74971CAU71
1.34%
Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)
1.34%
US25255WAL28
1.34%
US12553DAS62
1.34%
US75884EAN22
1.34%
US03990HAA68
1.34%
Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)
1.34%
US675949AQ45
1.23%
US037989AL44
1.23%
Frequently asked questions about MUNA and PSQA
How have the MUNA and PSQA ETFs performed in 2026?
As of October 29, 2026, MUNA is up 1.54% year-to-date (YTD), while PSQA has returned 4.17%. That puts PSQA better performer ahead so far this year.
Which ETF is attracting more investor money: MUNA or PSQA?
Year-to-date, the MUNA ETF saw +$2M in flows, compared to +$177M for PSQA.
Which ETF is more volatile: MUNA or PSQA?
Over the past year, MUNA had a volatility of 1.11%, while PSQA experienced 0.43%.
Which ETF is bigger: MUNA or PSQA?
As of October 29, 2026, MUNA holds $7.99 M in assets under management (AUM), while PSQA manages $249.72 M.
What sectors do the MUNA and PSQA ETFs invest in?
MUNA leans toward sectors like Municipal. Meanwhile, PSQA focuses on Industrials.
What are the top holdings of the MUNA ETF and PSQA ETF?
MUNA top holdings include US213651MR06, US181342HU36 and US749845M592. PSQA holds in its top three: Fidelity Investments Money Market Treasury Portfolio, Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A) and US75884YAK47.
Which ETF is more diversified: MUNA or PSQA?
MUNA holds 227 securities with 19.48% of its assets in the top 15. PSQA has 151 securities and a top 15 weight of 22.74%.
Advertisement
Latest news about MUNA & PSQA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNA
Advertisement
Advertisement
