MUNHvsPSQAETF 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 Palmer Square CLO Senior Debt ETF (PSQA) have similar underlying exposures to countries and sectors. MUNH's top 1 sector exposures are Municipal. In contrast, PSQA's top sector exposures are Industrials and Non-Corporate. MUNH is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.21% for PSQA. Run a side-by-side ETF comparison of MUNH and PSQA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MUNH vs PSQA 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 PSQA | +4.03%+0.38% | n/a+1.28% | n/a+4.15% | n/a+5.10% | n/an/a | n/an/a |
| Flows | MUNH PSQA | -+$26M | -+$101M | -+$176M | -+$197M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNH PSQA | n/a+0.20% | n/a+0.43% | n/an/a | n/an/a |
| Max drawdown | MUNH PSQA | n/an/a | n/a-0.24% | n/an/a | n/an/a |
| Max drawdown duration | MUNH PSQA | n/an/a | n/a20d | n/an/a | n/an/a |
Trading data
MUNH | PSQA | |
Last sale 10/29/2026 at 2:00 PM | $98.07 | $20.67 |
| Previous close 10/28/2026 | $98.08 | $20.65 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MUNH
is actively managed and doesn’t replicate an indexMUNH | PSQA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/29/2026 at 2:00 PM
Live
Closed
MUNH | PSQA | |
|---|---|---|
| Last price | $98.07 | $20.67 |
| 1D performance | -0.01% | +0.10% |
| AuM | $9.81 M | $248.65 M |
| E/R | 0.1% | 0.21% |
Characteristics
MUNH | PSQA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | Palmer Square |
| Benchmark | - | Palmer Square CLO Senior Debt Index |
| N° of holdings | 20 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | September 11, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
MUNH
USA
13.2%
Other
86.8%
PSQA
USA
14.84%
Other
85.16%
Sectors
MUNH
Municipal
13.2%
Other
86.8%
PSQA
Industrials
14.55%
Other
85.45%
Advertisement
Diversification
MUNH
Total weight of top 15 holdings out of 15
20.14%
PSQA
Total weight of top 15 holdings out of 15
21.9%
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%
PSQA
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
2.00%
US75884YAK47
1.91%
US12549QBL86
1.64%
US64132TAU79
1.43%
US74971CAU71
1.43%
US12553DAS62
1.43%
US03768UAG40
1.43%
Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)
1.43%
US03990HAA68
1.43%
US75884EAN22
1.43%
Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)
1.43%
US675949AQ45
1.31%
US67097LAV80
1.20%
US67402CBU99
1.19%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.19%
Frequently asked questions about MUNH and PSQA
Which ETF is bigger: MUNH or PSQA?
As of October 28, 2026, MUNH holds $9.81 M in assets under management (AUM), while PSQA manages $248.65 M.
What sectors do the MUNH and PSQA ETFs invest in?
MUNH leans toward sectors like Municipal. Meanwhile, PSQA focuses on Industrials.
What are the top holdings of the MUNH ETF and PSQA ETF?
MUNH top holdings include US724400AS58, US720526YZ90 and US356446HW78. PSQA holds in its top three: Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12549QBL86.
Which ETF is more diversified: MUNH or PSQA?
MUNH holds 137 securities with 20.14% of its assets in the top 15. PSQA has 146 securities and a top 15 weight of 21.9%.
Advertisement
Advertisement
