MUNBvsMBBAETF Comparison
ETF 1
MUNB
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.21%
VS
Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) and iShares Mortgage-Backed Securities Active ETF (MBBA) have similar underlying exposures to countries and sectors. MUNB's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Industrials and Non-Corporate. MUNB is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of MUNB and MBBA 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 MBBA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNB MBBA | +1.73%+0.65% | +0.24%-1.16% | -0.20%n/a | +0.26%n/a | n/an/a | n/an/a |
| Flows | MUNB MBBA | -+$537M | -+$589M | +$9M- | +$9M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNB MBBA | +3.44%+6.02% | +2.30%n/a | n/an/a | n/an/a |
| Max drawdown | MUNB MBBA | -3.60%-4.67% | -4.79%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUNB MBBA | 71d59d | 239dn/a | n/an/a | n/an/a |
Trading data
MUNB | MBBA | |
Last sale 10/26/2026 at 1:30 PM | $99.28 | $47.92 |
| Previous close 10/23/2026 | $99.28 | $47.81 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
MUNB | MBBA | |
|---|---|---|
| Last price | $99.28 | $47.92 |
| 1D performance | +0.00% | +0.23% |
| AuM | $13.88 M | $740.40 M |
| E/R | 0.18% | 0.26% |
Characteristics
MUNB | MBBA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | iShares |
| Benchmark | - | - |
| N° of holdings | 31 | 26 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
MUNB
USA
15.56%
Other
84.44%
MBBA
Data will be available soon
Sectors
MUNB
Municipal
15.56%
Other
84.44%
MBBA
Data will be available soon
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Diversification
MUNB
Total weight of top 15 holdings out of 15
16.58%
MBBA
Data will be available soon
Top 15 holdings
Data as of August 31, 2026
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%
MBBA
Data will be available soon
Frequently asked questions about MUNB and MBBA
Which ETF is bigger: MUNB or MBBA?
As of October 23, 2026, MUNB holds $13.88 M in assets under management (AUM), while MBBA manages $740.40 M.
What sectors do the MUNB and MBBA ETFs invest in?
MUNB leans toward sectors like Municipal. Meanwhile, MBBA focuses on Industrials.
What are the top holdings of the MUNB ETF and MBBA ETF?
MUNB top holdings include District of Columbia, 5% 1dec2026, USD, US153476GN09 and US93972ADP84. MBBA holds in its top three: US01F0206A20, US01F0226A83 and US01F0526982.
Which ETF is more diversified: MUNB or MBBA?
MUNB holds 252 securities with 16.58% of its assets in the top 15. MBBA has 506 securities and a top 15 weight of 85.37%.
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Latest news about MUNB & MBBA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNB
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