MUNDvsCAGEETF Comparison
ETF 1
MUND
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.14%
VS
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) and Calamos Autocallable Growth ETF (CAGE) have similar underlying exposures to countries and sectors. MUND's top 1 sector exposures are Municipal. In contrast, CAGE's top sector exposures are Sovereign. MUND is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.82% for CAGE. Run a side-by-side ETF comparison of MUND and CAGE 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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MUND vs CAGE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUND CAGE | -3.29%-4.41% | -3.60%+5.28% | -2.22%n/a | -0.57%n/a | n/an/a | n/an/a |
| Flows | MUND CAGE | -$2M+$35M | -$6M+$97M | -$6M- | -$8M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUND CAGE | +3.27%+21.33% | +2.65%n/a | n/an/a | n/an/a |
| Max drawdown | MUND CAGE | -4.48%-5.99% | -4.48%n/a | n/an/a | n/an/a |
| Max drawdown duration | MUND CAGE | 67d16d | 67dn/a | n/an/a | n/an/a |
Trading data
MUND | CAGE | |
Last sale 9/11/2026 at 1:30 PM | $98.95 | $28.51 |
| Previous close 09/10/2026 | $98.20 | $28.05 |
| 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
MUND | CAGE | |
|---|---|---|
| Last price | $98.95 | $28.51 |
| 1D performance | +0.76% | +1.64% |
| AuM | $1.96 M | $146.63 M |
| E/R | 0.18% | 0.82% |
Characteristics
MUND | CAGE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | FlexShares | Calamos Investments |
| Benchmark | - | - |
| N° of holdings | 20 | 2 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | April 16, 2026 |
| ESG | No | No |
Exposure
Countries
MUND
USA
16.28%
Other
83.72%
CAGE
USA
17.36%
Other
82.64%
Sectors
MUND
Municipal
16.28%
Other
83.72%
CAGE
Sovereign
17.36%
Other
82.64%
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Diversification
MUND
Total weight of top 15 holdings out of 15
31.27%
CAGE
Total weight of top 2 holdings out of 2
98.34%
Top 15 holdings
Data as of July 31, 2026
MUND
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
3.17%
US549203WZ61
3.17%
US70252FAM68
3.10%
US03588JPC08
2.31%
US452227VK43
2.23%
US495033HC93
2.00%
US562895XK30
1.91%
US64972JWB06
1.86%
US267169HC76
1.83%
US261174FF89
1.79%
US866849W574
1.73%
US05914GFN34
1.63%
US774286FD54
1.62%
US79467BHP31
1.48%
US495033HF25
1.45%
CAGE
US12811T5149
80.98%
USA, Bills 0% 7jan2027, USD (182D)
17.36%
Frequently asked questions about MUND and CAGE
Which ETF is bigger: MUND or CAGE?
As of September 11, 2026, MUND holds $1.96 M in assets under management (AUM), while CAGE manages $146.63 M.
What sectors do the MUND and CAGE ETFs invest in?
MUND leans toward sectors like Municipal. Meanwhile, CAGE focuses on Sovereign.
What are the top holdings of the MUND ETF and CAGE ETF?
MUND top holdings include Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2), US549203WZ61 and US70252FAM68. CAGE holds in its top three: US12811T5149 and USA, Bills 0% 7jan2027, USD (182D).
Which ETF is more diversified: MUND or CAGE?
MUND holds 98 securities with 31.27% of its assets in the top 15. CAGE has 2 securities.
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Latest news about MUND & CAGE
CAGE ETF: Calamos Brings Autocallable Growth to ETFs
April 16, 2026
CAGE
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUND
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