MUNHvsSUBETF 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 Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. MUNH's top 1 sector exposures are Municipal. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. MUNH 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 MUNH 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
MUNH 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. | MUNH SUB | -3.01%-0.71% | n/a-0.94% | n/a+0.16% | n/a+0.71% | n/a+9.09% | n/a+6.87% |
| Flows | MUNH SUB | -+$820M | -+$1.15B | -+$2.14B | -+$2.49B | -+$3.47B | -+$6.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNH SUB | n/a+1.79% | n/a+1.11% | n/a+1.17% | n/a+1.21% |
| Max drawdown | MUNH SUB | n/a-1.94% | n/a-1.94% | n/a-1.94% | n/a-3.95% |
| Max drawdown duration | MUNH SUB | n/a45d | n/a45d | n/a45d | n/a772d |
Trading data
MUNH | SUB | |
Last sale 10/12/2026 at 1:30 PM | $95.22 | $104.85 |
| Previous close 10/09/2026 | $97.88 | $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
Create an account to view replication metrics
Join for free
MUNH
is actively managed and doesn’t replicate an indexMUNH | SUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/12/2026 at 1:30 PM
Live
Closed
MUNH | SUB | |
|---|---|---|
| Last price | $95.22 | $104.85 |
| 1D performance | -2.72% | +0.05% |
| AuM | $9.52 M | $12.33 B |
| E/R | 0.1% | 0.07% |
Characteristics
MUNH | SUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Northern Trust | iShares |
| Benchmark | - | ICE Short Maturity AMT-Free US National Municipal Index |
| N° of holdings | 20 | 1169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 26, 2026 | November 5, 2008 |
| ESG | No | No |
Advertisement
Exposure
Countries
MUNH
USA
13.2%
Other
86.8%
SUB
USA
46.89%
Other
53.11%
Sectors
MUNH
Municipal
13.2%
Other
86.8%
SUB
Municipal
46.88%
Other
53.12%
Diversification
MUNH
Total weight of top 15 holdings out of 15
20.14%
SUB
Total weight of top 15 holdings out of 15
3.97%
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%
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 MUNH and SUB
Which ETF is bigger: MUNH or SUB?
As of October 9, 2026, MUNH holds $9.52 M in assets under management (AUM), while SUB manages $12.33 B.
What sectors do the MUNH and SUB ETFs invest in?
MUNH leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.
What are the top holdings of the MUNH ETF and SUB ETF?
MUNH top holdings include US724400AS58, US720526YZ90 and US356446HW78. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.
Which ETF is more diversified: MUNH or SUB?
MUNH holds 137 securities with 20.14% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.
Advertisement
Latest news about MUNH & SUB
Advertisement
