PSQAvsMUNDETF Comparison
VS
ETF 2
MUND
Northern Trust 2055 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.03%
Palmer Square CLO Senior Debt ETF (PSQA) and Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) have similar underlying exposures to countries and sectors. PSQA's top 1 sector exposures are Industrials. In contrast, MUND's top sector exposures are Municipal. PSQA is more expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.18% for MUND. PSQA is up 3.39% year-to-date (YTD) with +$136M in YTD flows. MUND performs worse with -0.3% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of PSQA and MUND 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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PSQA vs MUND performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQA MUND | +0.42%-0.87% | +1.23%-1.80% | +3.39%-0.30% | +5.19%+3.96% | n/an/a | n/an/a |
| Flows | PSQA MUND | +$32M- | +$70M-$4M | +$136M-$4M | +$166M-$6M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQA MUND | +0.22%+2.48% | +0.45%+2.58% | n/an/a | n/an/a |
| Max drawdown | PSQA MUND | n/a-2.61% | -0.24%-2.81% | n/an/a | n/an/a |
| Max drawdown duration | PSQA MUND | n/a58d | 20d115d | n/an/a | n/an/a |
Trading data
PSQA | MUND | |
Last sale 9/3/2026 at 1:30 PM | $20.70 | $99.99 |
| Previous close 09/02/2026 | $20.67 | $99.99 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MUND
is actively managed and doesn’t replicate an indexPSQA | MUND | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
PSQA | MUND | |
|---|---|---|
| Last price | $20.70 | $99.99 |
| 1D performance | +0.17% | +0.00% |
| AuM | $209.59 M | $4.00 M |
| E/R | 0.21% | 0.18% |
Characteristics
PSQA | MUND | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Palmer Square | FlexShares |
| Benchmark | Palmer Square CLO Senior Debt Index | - |
| N° of holdings | 18 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | August 19, 2025 |
| ESG | No | No |
Exposure
Countries
PSQA
USA
16.83%
Other
83.17%
MUND
USA
16.28%
Other
83.72%
Sectors
PSQA
Industrials
16.83%
Other
83.17%
MUND
Municipal
16.28%
Other
83.72%
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Diversification
PSQA
Total weight of top 15 holdings out of 15
24.88%
MUND
Total weight of top 15 holdings out of 15
31.27%
Top 15 holdings
Data as of July 31, 2026
PSQA
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
2.38%
US75884YAK47
2.26%
US12553DAS62
1.70%
US03768UAG40
1.70%
US64132TAU79
1.70%
US74971CAU71
1.70%
Magnetite CLO 2019-23A, FRN 25jan2035, USD (ABS, AR)
1.70%
Invesco US CLO 2023-1A, FRN 22apr2037, USD (ABS, AR2)
1.70%
US75884EAN22
1.70%
US675949AQ45
1.56%
US67402CBU99
1.42%
US03990HAA68
1.41%
AIMCO CLO 2026-27A, FRN 20apr2039, USD (ABS, A1)
1.41%
Octagon Investment Partners 2019-1A, FRN 22jan2035, USD (ABS, A1R)
1.30%
US381929AN88
1.26%
MUND
Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2)
3.17%
US549203WZ61
3.17%
US70252FAM68
3.10%
US03588JPC08
2.31%
US452227VK43
2.23%
US495033HC93
2.00%
US562895XK30
1.91%
US64972JWB06
1.86%
US267169HC76
1.83%
US261174FF89
1.79%
US866849W574
1.73%
US05914GFN34
1.63%
US774286FD54
1.62%
US79467BHP31
1.48%
US495033HF25
1.45%
Frequently asked questions about PSQA and MUND
How have the PSQA and MUND ETFs performed in 2026?
As of September 2, 2026, PSQA is up 3.39% year-to-date (YTD), while MUND has lost -0.3%. That puts PSQA better performer ahead so far this year.
Which ETF is attracting more investor money: PSQA or MUND?
Year-to-date, the PSQA ETF saw +$136M in flows, compared to -$4M for MUND.
Which ETF is more volatile: PSQA or MUND?
Over the past year, PSQA had a volatility of 0.45%, while MUND experienced 2.58%.
Which ETF is bigger: PSQA or MUND?
As of September 2, 2026, PSQA holds $209.59 M in assets under management (AUM), while MUND manages $4.00 M.
What sectors do the PSQA and MUND ETFs invest in?
PSQA leans toward sectors like Industrials. Meanwhile, MUND focuses on Municipal.
What are the top holdings of the PSQA ETF and MUND ETF?
PSQA top holdings include Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12553DAS62. MUND holds in its top three: Massachusetts Development Finance Agency, 5% 15may2055, USD (2025A-2), US549203WZ61 and US70252FAM68.
Which ETF is more diversified: PSQA or MUND?
PSQA holds 125 securities with 24.88% of its assets in the top 15. MUND has 98 securities and a top 15 weight of 31.27%.
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Latest news about PSQA & MUND
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUND
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