MUNGvsMUBETF 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 National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. MUNG's top 1 sector exposures are Municipal. In contrast, MUB's top sector exposures are Municipal and Non-Corporate. MUNG is more expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.05% for MUB. Run a side-by-side ETF comparison of MUNG and MUB 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 MUB 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 MUB | -2.16%-2.43% | n/a-4.93% | n/a-3.33% | n/a-2.14% | n/a+5.65% | n/a-3.28% |
| Flows | MUNG MUB | -+$5.07B | -+$5.85B | -+$9.97B | -+$11.74B | -+$15.33B | -+$29.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNG MUB | n/a+4.67% | n/a+3.07% | n/a+3.67% | n/a+3.55% |
| Max drawdown | MUNG MUB | n/a-6.07% | n/a-6.40% | n/a-6.40% | n/a-11.55% |
| Max drawdown duration | MUNG MUB | n/a92d | n/a95d | n/a95d | n/a1488d |
Trading data
MUNG | MUB | |
Last sale 10/9/2026 at 1:46 PM | $96.26 | $100.94 |
| Previous close 10/09/2026 | $98.02 | $101.08 |
| 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 | MUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/9/2026 at 1:46 PM
Live
Closed
MUNG | MUB | |
|---|---|---|
| Last price | $96.26 | $100.94 |
| 1D performance | -1.80% | -0.14% |
| AuM | $9.63 M | $48.87 B |
| E/R | 0.1% | 0.05% |
Characteristics
MUNG | MUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | iShares |
| Benchmark | - | ICE AMT-Free US National Municipal Index |
| N° of holdings | 24 | 3823 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | September 7, 2007 |
| ESG | No | No |
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Exposure
Countries
MUNG
USA
9.46%
Other
90.54%
MUB
USA
56.95%
Other
43.05%
Sectors
MUNG
Municipal
9.46%
Other
90.54%
MUB
Municipal
56.94%
Other
43.06%
Diversification
MUNG
Total weight of top 15 holdings out of 15
25.07%
MUB
Total weight of top 15 holdings out of 15
1.93%
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%
MUB
University of Texas, 5% 15aug2036, USD (2025B)
0.19%
US79642GTU66
0.15%
US650028ZA41
0.15%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.13%
Houston Higher Education Finance Corp., 5% 15may2034, USD (2024)
0.13%
New Jersey, 5% 1jun2028, USD
0.13%
Northwest Independent School District, 5.25% 15feb2055, USD (2025)
0.13%
Ohio State University, 5% 1jun2035, USD (2026)
0.12%
California, 5% 1sep2031, USD
0.12%
US93974EVY93
0.12%
Illinois, 5% 1nov2027, USD (2017D)
0.11%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.11%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.11%
US812643ZK32
0.11%
US89602RPH20
0.11%
Frequently asked questions about MUNG and MUB
Which ETF is bigger: MUNG or MUB?
As of October 9, 2026, MUNG holds $9.63 M in assets under management (AUM), while MUB manages $48.87 B.
What sectors do the MUNG and MUB ETFs invest in?
MUNG leans toward sectors like Municipal. Meanwhile, MUB focuses on Municipal.
What are the top holdings of the MUNG ETF and MUB ETF?
MUNG top holdings include US45115PDP36, US783244PZ33 and US145317BV45. MUB holds in its top three: University of Texas, 5% 15aug2036, USD (2025B), US79642GTU66 and US650028ZA41.
Which ETF is more diversified: MUNG or MUB?
MUNG holds 182 securities with 25.07% of its assets in the top 15. MUB has 6873 securities and a top 15 weight of 1.93%.
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Investing in Municipal Bond ETFs
October 24, 2022
MUB
Investing in Municipal Bond ETFs
October 24, 2022
MUB
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