MUNJvsCLOAETF Comparison
ETF 1
MUNJ
Northern Trust 2031 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.02%
VS
Northern Trust 2031 Tax-Exempt Distributing Ladder ETF (MUNJ) and iShares AAA CLO Active ETF (CLOA) have similar underlying exposures to countries and sectors. MUNJ's top 1 sector exposures are Municipal. In contrast, CLOA's top sector exposures are Industrials and Non-Corporate. MUNJ 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 MUNJ 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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MUNJ 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. | MUNJ CLOA | +2.40%+0.32% | n/a+1.19% | n/a+3.89% | n/a+4.91% | n/a+19.88% | n/an/a |
| Flows | MUNJ CLOA | -+$451M | -+$617M | -+$1.41B | -+$1.37B | -+$2.74B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNJ CLOA | n/a+0.27% | n/a+0.44% | n/a+0.59% | n/an/a |
| Max drawdown | MUNJ CLOA | n/a-0.07% | n/a-0.07% | n/a-0.75% | n/an/a |
| Max drawdown duration | MUNJ CLOA | n/a4d | n/a4d | n/a21d | n/an/a |
Trading data
MUNJ | CLOA | |
Last sale 10/29/2026 at 2:00 PM | $99.68 | $51.94 |
| Previous close 10/28/2026 | $99.68 | $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
MUNJ | CLOA | |
|---|---|---|
| Last price | $99.68 | $51.94 |
| 1D performance | -0.00% | -0.05% |
| AuM | $5.00 M | $2.79 B |
| E/R | 0.1% | 0.2% |
Characteristics
MUNJ | CLOA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Northern Trust | iShares |
| Benchmark | - | - |
| N° of holdings | 24 | 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
MUNJ
USA
16.85%
Other
83.15%
CLOA
USA
17.11%
Other
82.89%
Sectors
MUNJ
Municipal
16.85%
Other
83.15%
CLOA
Industrials
16.17%
Other
83.83%
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Diversification
MUNJ
Total weight of top 15 holdings out of 15
21.86%
CLOA
Total weight of top 15 holdings out of 15
12.89%
Top 15 holdings
Data as of August 31, 2026
MUNJ
US895761HD91
2.70%
County of Salt Lake, 5% 15dec2027, USD (2019)
2.20%
US547160XK21
2.00%
US720286DJ95
1.68%
District of Columbia, 5% 1may2030, USD (2020C)
1.64%
Wisconsin, 5% 1may2028, USD (2024)
1.48%
US160429ZN90
1.45%
US186612SE84
1.26%
US139078GM50
1.19%
US281137MV84
1.15%
US52850CUQ67
1.10%
US772402JV69
1.05%
US25009XVA08
1.02%
US735587JT59
0.97%
US882270WE77
0.96%
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 MUNJ and CLOA
Which ETF is bigger: MUNJ or CLOA?
As of October 28, 2026, MUNJ holds $5.00 M in assets under management (AUM), while CLOA manages $2.79 B.
What sectors do the MUNJ and CLOA ETFs invest in?
MUNJ leans toward sectors like Municipal. Meanwhile, CLOA focuses on Industrials.
What are the top holdings of the MUNJ ETF and CLOA ETF?
MUNJ top holdings include US895761HD91, County of Salt Lake, 5% 15dec2027, USD (2019) and US547160XK21. CLOA holds in its top three: BlackRock Cash Funds - Treasury, US48257WAA62 and US67126BAA17.
Which ETF is more diversified: MUNJ or CLOA?
MUNJ holds 169 securities with 21.86% 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 MUNJ & CLOA
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