MUNGvsCMFETF Comparison
ETF 1
MUNG
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.52%
VS
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF (MUNG) and iShares California Muni Bond ETF (CMF) belong to the same industry segment: Municipal Bonds. MUNG's top 1 sector exposures are Municipal. In contrast, CMF's top sector exposures are Municipal and Non-Corporate. MUNG is more expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.08% for CMF. Run a side-by-side ETF comparison of MUNG and CMF 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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MUNG vs CMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNG CMF | -2.16%-2.44% | n/a-4.92% | n/a-3.60% | n/a-2.32% | n/a+8.67% | n/a-0.97% |
| Flows | MUNG CMF | -+$496M | -+$647M | -+$1.42B | -+$1.79B | -+$2.91B | -+$3.44B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNG CMF | n/a+4.46% | n/a+2.97% | n/a+3.58% | n/a+3.56% |
| Max drawdown | MUNG CMF | n/a-6.03% | n/a-6.52% | n/a-6.52% | n/a-12.25% |
| Max drawdown duration | MUNG CMF | n/a92d | n/a222d | n/a222d | n/a1346d |
Trading data
MUNG | CMF | |
Last sale 10/12/2026 at 1:46 PM | $96.26 | $54.07 |
| Previous close 10/09/2026 | $98.02 | $54.15 |
| Consolidated volume 10/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 12, 2026
1-year trailing difference
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MUNG
is actively managed and doesn’t replicate an indexMUNG | CMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/12/2026 at 1:46 PM
Live
Closed
MUNG | CMF | |
|---|---|---|
| Last price | $96.26 | $54.07 |
| 1D performance | -1.80% | -0.15% |
| AuM | $9.63 M | $4.94 B |
| E/R | 0.1% | 0.08% |
Characteristics
MUNG | CMF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | iShares |
| Benchmark | - | ICE AMT-Free California Municipal Index |
| N° of holdings | 24 | 903 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | October 4, 2007 |
| ESG | No | No |
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Exposure
Countries
MUNG
USA
9.46%
Other
90.54%
CMF
USA
59.23%
Other
40.77%
Sectors
MUNG
Municipal
9.46%
Other
90.54%
CMF
Municipal
59.23%
Other
40.77%
Diversification
MUNG
Total weight of top 15 holdings out of 15
25.07%
CMF
Total weight of top 15 holdings out of 15
6.39%
Top 15 holdings
Data as of August 31, 2026
MUNG
US45115PDP36
2.41%
US783244PZ33
2.30%
US145317BV45
2.13%
State of Washington, 5% 1feb2029, USD
2.10%
US452227UF66
2.01%
US491552W684
1.76%
US45506EPG25
1.59%
US387460QM34
1.57%
US790415BV49
1.52%
US790415CC58
1.43%
US79467BHS79
1.29%
US66440AUA23
1.27%
US570799JE77
1.24%
Chicago O'Hare International Airport, 5% 1jan2037, USD (2025A)
1.22%
US667826GW53
1.22%
CMF
Orange Water District, FRN 1aug2042, USD (2003A)
0.60%
US79766DLC10
0.52%
US032556NJ70
0.49%
Los Angeles Unified School District, 5% 1jul2031, USD (2024)
0.47%
University of California, 5.5% 15may2040, USD
0.46%
California Educational Facilities Authority, 5% 1may2045, USD
0.44%
US4636324Q95
0.44%
US79905CAB90
0.42%
Los Angeles Unified School District, 5% 1jul2034, USD (2024A)
0.41%
US13077DUT70
0.40%
University of California, 5% 15may2036, USD (2025)
0.39%
California, 5% 1mar2055, USD
0.37%
California, 5.25% 1aug2032, USD
0.34%
US91412GSH91
0.32%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.32%
Frequently asked questions about MUNG and CMF
Which ETF is bigger: MUNG or CMF?
As of October 9, 2026, MUNG holds $9.63 M in assets under management (AUM), while CMF manages $4.94 B.
What sectors do the MUNG and CMF ETFs invest in?
MUNG leans toward sectors like Municipal. Meanwhile, CMF focuses on Municipal.
What are the top holdings of the MUNG ETF and CMF ETF?
MUNG top holdings include US45115PDP36, US783244PZ33 and US145317BV45. CMF holds in its top three: Orange Water District, FRN 1aug2042, USD (2003A), US79766DLC10 and US032556NJ70.
Which ETF is more diversified: MUNG or CMF?
MUNG holds 182 securities with 25.07% of its assets in the top 15. CMF has 1670 securities and a top 15 weight of 6.39%.
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