MUNGvsSUBETF 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 Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. MUNG's top 1 sector exposures are Municipal. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. MUNG is more expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.07% for SUB. Run a side-by-side ETF comparison of MUNG and SUB 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 SUB 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 SUB | -2.16%-0.71% | n/a-0.94% | n/a+0.16% | n/a+0.71% | n/a+9.09% | n/a+6.87% |
| Flows | MUNG SUB | -+$820M | -+$1.15B | -+$2.14B | -+$2.49B | -+$3.47B | -+$6.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNG SUB | n/a+1.79% | n/a+1.11% | n/a+1.17% | n/a+1.21% |
| Max drawdown | MUNG SUB | n/a-1.94% | n/a-1.94% | n/a-1.94% | n/a-3.95% |
| Max drawdown duration | MUNG SUB | n/a45d | n/a45d | n/a45d | n/a772d |
Trading data
MUNG | SUB | |
Last sale 10/9/2026 at 1:46 PM | $96.26 | $104.79 |
| Previous close 10/09/2026 | $98.02 | $104.79 |
| 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 | SUB | |
|---|---|---|
| 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 | SUB | |
|---|---|---|
| Last price | $96.26 | $104.79 |
| 1D performance | -1.80% | +0.00% |
| AuM | $9.63 M | $12.33 B |
| E/R | 0.1% | 0.07% |
Characteristics
MUNG | SUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | iShares |
| Benchmark | - | ICE Short Maturity AMT-Free US National Municipal Index |
| N° of holdings | 24 | 1169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | November 5, 2008 |
| ESG | No | No |
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Exposure
Countries
MUNG
USA
9.46%
Other
90.54%
SUB
USA
46.89%
Other
53.11%
Sectors
MUNG
Municipal
9.46%
Other
90.54%
SUB
Municipal
46.88%
Other
53.12%
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Diversification
MUNG
Total weight of top 15 holdings out of 15
25.07%
SUB
Total weight of top 15 holdings out of 15
3.97%
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%
SUB
US13063EUS35
0.44%
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.36%
US64972JWP91
0.33%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.27%
US13063EDB92
0.26%
US89602RPH20
0.25%
Empire State Development Corp., 5% 15sep2028, USD (2022A)
0.25%
US91412HWB58
0.24%
US646140JM63
0.24%
California, 5% 1nov2027, USD
0.23%
California, 5% 1apr2029, USD
0.23%
US812643H643
0.23%
US373385QU02
0.22%
City of New York, FRN 1feb2056, USD (2026)
0.22%
US207758Y563
0.20%
Frequently asked questions about MUNG and SUB
Which ETF is bigger: MUNG or SUB?
As of October 9, 2026, MUNG holds $9.63 M in assets under management (AUM), while SUB manages $12.33 B.
What sectors do the MUNG and SUB ETFs invest in?
MUNG leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.
What are the top holdings of the MUNG ETF and SUB ETF?
MUNG top holdings include US45115PDP36, US783244PZ33 and US145317BV45. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.
Which ETF is more diversified: MUNG or SUB?
MUNG holds 182 securities with 25.07% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.
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Latest news about MUNG & SUB
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