MUSTvsONEZETF Comparison
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Columbia Multi-Sector Municipal Income ETF (MUST) belongs to the Municipal Bonds segment. TrueShares Seasonality Laddered Buffered ETF (ONEZ) is part of the Options Strategies segment. MUST's top 2 sector exposures are Municipal and Non-Corporate. In contrast, ONEZ's top sector exposures are Sovereign and Non-Corporate. MUST is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.96% for ONEZ. MUST is up 0.02% year-to-date (YTD) with +$78M in YTD flows. ONEZ performs better with 8.61% YTD performance, and +$204M in YTD flows. Run a side-by-side ETF comparison of MUST and ONEZ 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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MUST vs ONEZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUST ONEZ | -0.24%+2.59% | -0.78%+1.02% | +0.02%+8.61% | +4.05%+12.23% | +10.66%n/a | +1.85%n/a |
| Flows | MUST ONEZ | +$8M+$4M | +$9M+$8M | +$78M+$204M | +$121M+$209M | +$251M- | +$497M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUST ONEZ | +2.59%+9.75% | +2.44%+9.18% | +4.13%n/a | +3.84%n/a |
| Max drawdown | MUST ONEZ | -2.11%-3.17% | -3.10%-6.47% | -5.55%n/a | -13.29%n/a |
| Max drawdown duration | MUST ONEZ | 53d62d | 180d92d | 186dn/a | 1471dn/a |
Trading data
MUST | ONEZ | |
Last sale 8/28/2026 at 1:30 PM | $20.10 | $28.21 |
| Previous close 08/27/2026 | $20.14 | $28.21 |
| Consolidated volume 08/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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ONEZ
is actively managed and doesn’t replicate an indexMUST | ONEZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/28/2026 at 1:30 PM
Live
Closed
MUST | ONEZ | |
|---|---|---|
| Last price | $20.10 | $28.21 |
| 1D performance | -0.20% | +0.01% |
| AuM | $596.76 M | $347.68 M |
| E/R | 0.23% | 0.96% |
Characteristics
MUST | ONEZ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Columbia Threadneedle Investments | TrueShares |
| Benchmark | Beta Advantage Multi-Sector Municipal Bond Index | - |
| N° of holdings | 293 | 16 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2018 | January 25, 2025 |
| ESG | No | No |
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Exposure
Countries
MUST
USA
43.22%
Other
56.78%
ONEZ
USA
92.68%
Other
7.32%
Sectors
MUST
Municipal
43.09%
Other
56.91%
ONEZ
Sovereign
92.37%
Other
7.63%
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Diversification
MUST
Total weight of top 15 holdings out of 15
6.31%
ONEZ
Total weight of top 15 holdings out of 15
92.37%
Top 15 holdings
Data as of July 31, 2026
MUST
Miami-Dade, 5% 1oct2036, USD (2024A)
0.54%
US249182QF65
0.53%
New Jersey Turnpike Authority, 5% 1jan2034, USD (2025)
0.48%
US64985SDE00
0.46%
New York Metropolitan Transportation Authority, 4% 15nov2035, USD (2017C-1)
0.43%
New York Transportation Development Corp., 4.375% 1oct2045, USD (2020)
0.43%
US67766WM740
0.42%
Illinois Toll Highway Authority, 5% 1jan2038, USD (2024)
0.39%
Chicago O'Hare International Airport, 5% 1jan2048, USD
0.38%
US46247SFR04
0.38%
US64972GJ217
0.38%
New Jersey Turnpike Authority, 5% 1jan2036, USD
0.38%
US48504NCC11
0.37%
US73358XHU90
0.37%
US88285AJH23
0.37%
ONEZ
USA, Bills 0% 10jun2027, USD (364D)
7.07%
USA, Bills 0% 15apr2027, USD (364D)
7.04%
USA, Bills 0% 13may2027, USD (364D)
6.97%
USA, Bills 0% 3sep2026, USD (364D)
6.94%
USA, Bills 0% 6aug2026, USD (364D)
6.91%
USA, Bills 0% 27nov2026, USD (364D)
6.89%
USA, Bills 0% 8jul2027, USD (364D)
6.89%
USA, Bills 0% 18feb2027, USD (364D)
6.82%
USA, Bills 0% 21jan2027, USD (364D)
6.77%
USA, Bills 0% 24dec2026, USD (363D)
6.74%
USA, Bills 0% 18mar2027, USD (364D)
6.68%
USA, Bills 0% 29oct2026, USD (364D)
6.65%
USA, Bills 0% 20aug2026, USD (182D)
3.34%
USA, Bills 0% 17sep2026, USD (182D)
3.34%
USA, Bills 0% 15oct2026, USD (182D)
3.33%
Frequently asked questions about MUST and ONEZ
How have the MUST and ONEZ ETFs performed in 2026?
As of August 28, 2026, MUST is up 0.02% year-to-date (YTD), while ONEZ has returned 8.61%. That puts ONEZ better performer ahead so far this year.
Which ETF is attracting more investor money: MUST or ONEZ?
Year-to-date, the MUST ETF saw +$78M in flows, compared to +$204M for ONEZ.
Which ETF is more volatile: MUST or ONEZ?
Over the past year, MUST had a volatility of 2.44%, while ONEZ experienced 9.18%.
Which ETF is bigger: MUST or ONEZ?
As of August 28, 2026, MUST holds $596.76 M in assets under management (AUM), while ONEZ manages $347.68 M.
What sectors do the MUST and ONEZ ETFs invest in?
MUST leans toward sectors like Municipal. Meanwhile, ONEZ focuses on Sovereign.
What are the top holdings of the MUST ETF and ONEZ ETF?
MUST top holdings include Miami-Dade, 5% 1oct2036, USD (2024A), US249182QF65 and New Jersey Turnpike Authority, 5% 1jan2034, USD (2025). ONEZ holds in its top three: USA, Bills 0% 10jun2027, USD (364D), USA, Bills 0% 15apr2027, USD (364D) and USA, Bills 0% 13may2027, USD (364D).
Which ETF is more diversified: MUST or ONEZ?
MUST holds 647 securities with 6.31% of its assets in the top 15. ONEZ has 16 securities and a top 15 weight of 92.37%.
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