MUNHvsMUBETF Comparison
ETF 1
MUNH
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
+0.52%
VS
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH) and iShares National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. MUNH's top 1 sector exposures are Municipal. In contrast, MUB's top sector exposures are Municipal and Non-Corporate. MUNH 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 MUNH 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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MUNH 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. | MUNH MUB | -3.01%-2.43% | n/a-4.93% | n/a-3.33% | n/a-2.14% | n/a+5.65% | n/a-3.28% |
| Flows | MUNH MUB | -+$5.07B | -+$5.85B | -+$9.97B | -+$11.74B | -+$15.33B | -+$29.61B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNH MUB | n/a+4.67% | n/a+3.07% | n/a+3.67% | n/a+3.55% |
| Max drawdown | MUNH MUB | n/a-6.07% | n/a-6.40% | n/a-6.40% | n/a-11.55% |
| Max drawdown duration | MUNH MUB | n/a92d | n/a95d | n/a95d | n/a1488d |
Trading data
MUNH | MUB | |
Last sale 10/12/2026 at 1:30 PM | $95.22 | $101.15 |
| Previous close 10/09/2026 | $97.88 | $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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MUNH
is actively managed and doesn’t replicate an indexMUNH | 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 10/12/2026 at 1:30 PM
Live
Closed
MUNH | MUB | |
|---|---|---|
| Last price | $95.22 | $101.15 |
| 1D performance | -2.72% | +0.07% |
| AuM | $9.52 M | $48.87 B |
| E/R | 0.1% | 0.05% |
Characteristics
MUNH | MUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | iShares |
| Benchmark | - | ICE AMT-Free US National Municipal Index |
| N° of holdings | 20 | 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
MUNH
USA
13.2%
Other
86.8%
MUB
USA
56.95%
Other
43.05%
Sectors
MUNH
Municipal
13.2%
Other
86.8%
MUB
Municipal
56.94%
Other
43.06%
Diversification
MUNH
Total weight of top 15 holdings out of 15
20.14%
MUB
Total weight of top 15 holdings out of 15
1.93%
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%
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 MUNH and MUB
Which ETF is bigger: MUNH or MUB?
As of October 9, 2026, MUNH holds $9.52 M in assets under management (AUM), while MUB manages $48.87 B.
What sectors do the MUNH and MUB ETFs invest in?
MUNH leans toward sectors like Municipal. Meanwhile, MUB focuses on Municipal.
What are the top holdings of the MUNH ETF and MUB ETF?
MUNH top holdings include US724400AS58, US720526YZ90 and US356446HW78. MUB holds in its top three: University of Texas, 5% 15aug2036, USD (2025B), US79642GTU66 and US650028ZA41.
Which ETF is more diversified: MUNH or MUB?
MUNH holds 137 securities with 20.14% of its assets in the top 15. MUB has 6873 securities and a top 15 weight of 1.93%.
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Latest news about MUNH & MUB
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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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