MUNGvsHYDETF 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 VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MUNG is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.32% for HYD. Run a side-by-side ETF comparison of MUNG and HYD 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 HYD 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 HYD | -2.16%-3.51% | n/a-5.61% | n/a-3.04% | n/a-1.67% | n/a+12.06% | n/a-5.72% |
| Flows | MUNG HYD | --$14M | --$117M | -+$340M | -+$787M | -+$1.67B | -+$1.33B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNG HYD | n/a+5.35% | n/a+3.51% | n/a+4.51% | n/a+4.64% |
| Max drawdown | MUNG HYD | n/a-6.40% | n/a-6.77% | n/a-6.77% | n/a-19.44% |
| Max drawdown duration | MUNG HYD | n/a87d | n/a95d | n/a95d | n/a1740d |
Trading data
MUNG | HYD | |
Last sale 10/12/2026 at 1:46 PM | $96.26 | $47.94 |
| Previous close 10/09/2026 | $98.02 | $47.99 |
| 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 | HYD | |
|---|---|---|
| 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 | HYD | |
|---|---|---|
| Last price | $96.26 | $47.94 |
| 1D performance | -1.80% | -0.10% |
| AuM | $9.63 M | $4.09 B |
| E/R | 0.1% | 0.32% |
Characteristics
MUNG | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 24 | 714 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
MUNG
USA
9.46%
Other
90.54%
HYD
USA
60.08%
Other
39.92%
Sectors
MUNG
Municipal
9.46%
Other
90.54%
HYD
Municipal
60.08%
Other
39.92%
Diversification
MUNG
Total weight of top 15 holdings out of 15
25.07%
HYD
Total weight of top 15 holdings out of 15
8.65%
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%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about MUNG and HYD
Which ETF is bigger: MUNG or HYD?
As of October 9, 2026, MUNG holds $9.63 M in assets under management (AUM), while HYD manages $4.09 B.
What sectors do the MUNG and HYD ETFs invest in?
MUNG leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the MUNG ETF and HYD ETF?
MUNG top holdings include US45115PDP36, US783244PZ33 and US145317BV45. HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: MUNG or HYD?
MUNG holds 182 securities with 25.07% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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