MUNBvsCLOOETF Comparison
ETF 1
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.14%
VS
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) and NYLI Investment Grade CLO ETF (CLOO) have similar underlying exposures to countries and sectors. MUNB's top 1 sector exposures are Municipal. In contrast, CLOO's top sector exposures are Industrials and Finance. MUNB is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.25% for CLOO. Run a side-by-side ETF comparison of MUNB and CLOO 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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MUNB vs CLOO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNB CLOO | -1.32%+0.08% | -1.43%+0.99% | -0.94%n/a | -0.49%n/a | n/an/a | n/an/a |
| Flows | MUNB CLOO | -+$1M | -+$23M | +$9M- | +$9M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNB CLOO | +1.94%+0.74% | +1.77%n/a | n/an/a | n/an/a |
| Max drawdown | MUNB CLOO | -1.87%n/a | -2.75%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUNB CLOO | 67dn/a | 197dn/a | n/an/a | n/an/a |
Trading data
MUNB | CLOO | |
Last sale 9/11/2026 at 1:30 PM | $98.70 | $25.19 |
| Previous close 09/10/2026 | $98.58 | $25.18 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
MUNB | CLOO | |
|---|---|---|
| Last price | $98.70 | $25.19 |
| 1D performance | +0.12% | +0.04% |
| AuM | $13.80 M | $47.81 M |
| E/R | 0.18% | 0.25% |
Characteristics
MUNB | CLOO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | New York Life Investments |
| Benchmark | - | - |
| N° of holdings | 31 | 18 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | May 6, 2026 |
| ESG | No | No |
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Exposure
Countries
MUNB
USA
15.62%
Other
84.38%
CLOO
USA
15.76%
Other
84.24%
Sectors
MUNB
Municipal
15.62%
Other
84.38%
CLOO
Industrials
15.22%
Other
84.78%
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Diversification
MUNB
Total weight of top 15 holdings out of 15
16.64%
CLOO
Total weight of top 15 holdings out of 15
21.39%
Top 15 holdings
Data as of July 31, 2026
MUNB
District of Columbia, 5% 1dec2026, USD
1.52%
US153476GN09
1.45%
US93972ADP84
1.20%
District of Columbia, 5% 1jun2029, USD (2023B)
1.18%
US517845LF85
1.14%
US365591YX88
1.12%
US749845H220
1.12%
US64711PNE69
1.10%
District of Columbia, 5% 1jan2029, USD (2023A)
1.10%
US495098D288
1.06%
US639905EW41
1.02%
US963099QK58
0.97%
Dallas and Fort Worth International Airport, 5% 1nov2028, USD (2023B)
0.94%
US451446AU27
0.88%
US749845M675
0.86%
CLOO
US29003NAJ46
1.62%
US442924AU01
1.62%
Apidos CLO 2025-55A, FRN 20jan2039, USD (ABS, A1)
1.62%
US056921AQ24
1.62%
US08182DAN49
1.62%
US720922AL78
1.61%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.61%
US48257PAA12
1.61%
US83011LAJ52
1.61%
US05876HAA05
1.46%
Goldentree Loan Management Us CLO 2023-17A, FRN 20jan2039, USD (ABS, AR)
1.08%
US25255UAN28
1.08%
US559932AA63
1.08%
US13876FAA84
1.08%
US26253LBC54
1.08%
Frequently asked questions about MUNB and CLOO
Which ETF is bigger: MUNB or CLOO?
As of September 11, 2026, MUNB holds $13.80 M in assets under management (AUM), while CLOO manages $47.81 M.
What sectors do the MUNB and CLOO ETFs invest in?
MUNB leans toward sectors like Municipal. Meanwhile, CLOO focuses on Industrials.
What are the top holdings of the MUNB ETF and CLOO ETF?
MUNB top holdings include District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84. CLOO holds in its top three: US29003NAJ46, US442924AU01 and Apidos CLO 2025-55A, FRN 20jan2039, USD (ABS, A1).
Which ETF is more diversified: MUNB or CLOO?
MUNB holds 252 securities with 16.64% of its assets in the top 15. CLOO has 119 securities and a top 15 weight of 21.39%.
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Latest news about MUNB & CLOO
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
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