MUNHvsHYDETF Comparison
ETF 1
MUNH
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.05%
VS
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH) 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. MUNH 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 MUNH 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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MUNH vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNH HYD | -2.25%-2.75% | n/a-5.53% | n/a-2.99% | n/a-1.94% | n/a+10.79% | n/a-5.58% |
| Flows | MUNH HYD | -+$230M | --$75M | -+$397M | -+$844M | -+$1.70B | -+$1.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNH HYD | n/a+5.39% | n/a+3.50% | n/a+4.48% | n/a+4.64% |
| Max drawdown | MUNH HYD | n/a-6.40% | n/a-6.77% | n/a-6.77% | n/a-19.44% |
| Max drawdown duration | MUNH HYD | n/a90d | n/a98d | n/a98d | n/a1743d |
Trading data
MUNH | HYD | |
Last sale 10/13/2026 at 1:30 PM | $95.22 | $48.39 |
| Previous close 10/12/2026 | $97.88 | $48.04 |
| Consolidated volume 10/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 13, 2026
1-year trailing difference
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MUNH
is actively managed and doesn’t replicate an indexMUNH | 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 10/13/2026 at 1:30 PM
Live
Closed
MUNH | HYD | |
|---|---|---|
| Last price | $95.22 | $48.39 |
| 1D performance | -2.72% | +0.73% |
| AuM | $9.52 M | $4.15 B |
| E/R | 0.1% | 0.32% |
Characteristics
MUNH | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 20 | 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
MUNH
USA
13.2%
Other
86.8%
HYD
USA
60.08%
Other
39.92%
Sectors
MUNH
Municipal
13.2%
Other
86.8%
HYD
Municipal
60.08%
Other
39.92%
Diversification
MUNH
Total weight of top 15 holdings out of 15
20.14%
HYD
Total weight of top 15 holdings out of 15
8.65%
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%
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 MUNH and HYD
Which ETF is bigger: MUNH or HYD?
As of October 12, 2026, MUNH holds $9.52 M in assets under management (AUM), while HYD manages $4.15 B.
What sectors do the MUNH and HYD ETFs invest in?
MUNH leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the MUNH ETF and HYD ETF?
MUNH top holdings include US724400AS58, US720526YZ90 and US356446HW78. 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: MUNH or HYD?
MUNH holds 137 securities with 20.14% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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