MUNGvsJAAAETF Comparison
ETF 1
MUNG
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.28%
VS
Northern Trust 2046 Tax-Exempt Distributing Ladder ETF (MUNG) and AAA CLO ETF (JAAA) have similar underlying exposures to countries and sectors. MUNG's top 1 sector exposures are Municipal. In contrast, JAAA's top sector exposures are Industrials and Finance. MUNG is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.2% for JAAA. Run a side-by-side ETF comparison of MUNG and JAAA 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 JAAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNG JAAA | +4.21%+0.30% | n/a+1.17% | n/a+3.82% | n/a+4.79% | n/a+19.59% | n/a+28.10% |
| Flows | MUNG JAAA | -+$1.10B | -+$3.37B | -+$8.18B | -+$7.28B | -+$28.17B | -+$32.22B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNG JAAA | n/a+0.27% | n/a+0.41% | n/a+0.66% | n/a+0.98% |
| Max drawdown | MUNG JAAA | n/a-0.08% | n/a-0.08% | n/a-0.97% | n/a-2.41% |
| Max drawdown duration | MUNG JAAA | n/a5d | n/a5d | n/a27d | n/a310d |
Trading data
MUNG | JAAA | |
Last sale 10/27/2026 at 1:30 PM | $99.04 | $50.63 |
| Previous close 10/26/2026 | $99.00 | $50.61 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
MUNG | JAAA | |
|---|---|---|
| Last price | $99.04 | $50.63 |
| 1D performance | +0.04% | +0.04% |
| AuM | $9.90 M | $32.52 B |
| E/R | 0.1% | 0.2% |
Characteristics
MUNG | JAAA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Northern Trust | Janus Henderson Investors |
| Benchmark | - | - |
| N° of holdings | 24 | 54 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | September 16, 2020 |
| ESG | No | No |
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Exposure
Countries
MUNG
USA
9.46%
Other
90.54%
JAAA
USA
9.84%
Other
90.16%
Sectors
MUNG
Municipal
9.46%
Other
90.54%
JAAA
Industrials
9.3%
Other
90.7%
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Diversification
MUNG
Total weight of top 15 holdings out of 15
25.07%
JAAA
Total weight of top 15 holdings out of 15
9.57%
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%
JAAA
US48254LAN55
0.83%
US00038KBA88
0.76%
US03330WAU80
0.70%
US69688MAY12
0.67%
US07403CAS08
0.66%
US04019DAY85
0.66%
US143120AN30
0.60%
US97719VAJ89
0.60%
US55819DBN57
0.59%
US75888EAS72
0.58%
US18914HAQ20
0.58%
US75887XBA46
0.58%
US67402CBU99
0.58%
US55953WAL46
0.58%
US14316YAL92
0.58%
Frequently asked questions about MUNG and JAAA
Which ETF is bigger: MUNG or JAAA?
As of October 26, 2026, MUNG holds $9.90 M in assets under management (AUM), while JAAA manages $32.52 B.
What sectors do the MUNG and JAAA ETFs invest in?
MUNG leans toward sectors like Municipal. Meanwhile, JAAA focuses on Industrials.
What are the top holdings of the MUNG ETF and JAAA ETF?
MUNG top holdings include US45115PDP36, US783244PZ33 and US145317BV45. JAAA holds in its top three: US48254LAN55, US00038KBA88 and US03330WAU80.
Which ETF is more diversified: MUNG or JAAA?
MUNG holds 182 securities with 25.07% of its assets in the top 15. JAAA has 602 securities and a top 15 weight of 9.57%.
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