MUNHvsCLOAETF Comparison
ETF 1
MUNH
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.02%
VS
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH) and iShares AAA CLO Active ETF (CLOA) have similar underlying exposures to countries and sectors. MUNH's top 1 sector exposures are Municipal. In contrast, CLOA's top sector exposures are Industrials and Non-Corporate. MUNH is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.2% for CLOA. Run a side-by-side ETF comparison of MUNH and CLOA 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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MUNH vs CLOA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNH CLOA | +4.03%+0.32% | n/a+1.19% | n/a+3.89% | n/a+4.91% | n/a+19.88% | n/an/a |
| Flows | MUNH CLOA | -+$451M | -+$617M | -+$1.41B | -+$1.37B | -+$2.74B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNH CLOA | n/a+0.27% | n/a+0.44% | n/a+0.59% | n/an/a |
| Max drawdown | MUNH CLOA | n/a-0.07% | n/a-0.07% | n/a-0.75% | n/an/a |
| Max drawdown duration | MUNH CLOA | n/a4d | n/a4d | n/a21d | n/an/a |
Trading data
MUNH | CLOA | |
Last sale 10/29/2026 at 2:00 PM | $98.07 | $51.93 |
| Previous close 10/28/2026 | $98.08 | $51.96 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 2:00 PM
Live
Closed
MUNH | CLOA | |
|---|---|---|
| Last price | $98.07 | $51.93 |
| 1D performance | -0.01% | -0.07% |
| AuM | $9.81 M | $2.79 B |
| E/R | 0.1% | 0.2% |
Characteristics
MUNH | CLOA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Northern Trust | iShares |
| Benchmark | - | - |
| N° of holdings | 20 | 60 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | January 10, 2023 |
| ESG | No | No |
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Exposure
Countries
MUNH
USA
13.2%
Other
86.8%
CLOA
USA
17.11%
Other
82.89%
Sectors
MUNH
Municipal
13.2%
Other
86.8%
CLOA
Industrials
16.17%
Other
83.83%
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Diversification
MUNH
Total weight of top 15 holdings out of 15
20.14%
CLOA
Total weight of top 15 holdings out of 15
12.89%
Top 15 holdings
Data as of August 31, 2026
MUNH
US724400AS58
1.84%
US720526YZ90
1.76%
US356446HW78
1.50%
US627270HP98
1.45%
US48542R2S22
1.44%
US312391BM66
1.43%
US83704MED48
1.35%
US673588LV95
1.24%
US45528VDP13
1.22%
US1676154Q32
1.20%
US63969YBA91
1.16%
US777434BA89
1.15%
Huron Valley School District, 5% 1may2043, USD (2026)
1.14%
US397172NS21
1.14%
US283822ZU11
1.12%
CLOA
BlackRock Cash Funds - Treasury
0.93%
US48257WAA62
0.89%
US67126BAA17
0.89%
AB BSL CLO 2025-7A, FRN 17jan2039, USD (ABS, A1)
0.89%
US87268VAA35
0.89%
US29003NAJ46
0.89%
US04018XAN93
0.89%
Bain Capital Credit CLO 2024-1A, FRN 18apr2039, USD (ABS, A1R)
0.89%
US83011VAL80
0.89%
US488934AA89
0.88%
US64754YAA73
0.84%
US143111AY87
0.82%
SONA US CLO 2026-2A, FRN 22jul2039, USD (ABS, A1)
0.80%
US64134JAL70
0.77%
US149791BG90
0.72%
Frequently asked questions about MUNH and CLOA
Which ETF is bigger: MUNH or CLOA?
As of October 28, 2026, MUNH holds $9.81 M in assets under management (AUM), while CLOA manages $2.79 B.
What sectors do the MUNH and CLOA ETFs invest in?
MUNH leans toward sectors like Municipal. Meanwhile, CLOA focuses on Industrials.
What are the top holdings of the MUNH ETF and CLOA ETF?
MUNH top holdings include US724400AS58, US720526YZ90 and US356446HW78. CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and US67126BAA17.
Which ETF is more diversified: MUNH or CLOA?
MUNH holds 137 securities with 20.14% of its assets in the top 15. CLOA has 426 securities and a top 15 weight of 12.89%.
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Latest news about MUNH & CLOA
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