PSQAvsMUNHETF Comparison
VS
ETF 2
MUNH
Northern Trust 2056 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0%
Palmer Square CLO Senior Debt ETF (PSQA) and Northern Trust 2056 Tax-Exempt Distributing Ladder ETF (MUNH) have similar underlying exposures to countries and sectors. PSQA's top 2 sector exposures are Industrials and Non-Corporate. In contrast, MUNH's top sector exposures are Municipal. PSQA is more expensive with a Total Expense Ratio (TER) of 0.21%, versus 0.1% for MUNH. Run a side-by-side ETF comparison of PSQA and MUNH 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
PSQA vs MUNH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQA MUNH | +0.38%-0.33% | +1.28%n/a | +3.99%n/a | +5.09%n/a | n/an/a | n/an/a |
| Flows | PSQA MUNH | +$25M- | +$88M- | +$163M- | +$186M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQA MUNH | +0.20%n/a | +0.43%n/a | n/an/a | n/an/a |
| Max drawdown | PSQA MUNH | n/an/a | -0.24%n/a | n/an/a | n/an/a |
| Max drawdown duration | PSQA MUNH | n/an/a | 20dn/a | n/an/a | n/an/a |
Trading data
PSQA | MUNH | |
Last sale 10/19/2026 at 1:30 PM | $20.62 | $96.65 |
| Previous close 10/16/2026 | $20.62 | $97.88 |
| Consolidated volume 10/16/2026 | ||
| 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 indexPSQA | MUNH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PSQA | MUNH | |
|---|---|---|
| Last price | $20.62 | $96.65 |
| 1D performance | +0.00% | -1.26% |
| AuM | $235.42 M | $9.66 M |
| E/R | 0.21% | 0.1% |
Characteristics
PSQA | MUNH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Palmer Square | Northern Trust |
| Benchmark | Palmer Square CLO Senior Debt Index | - |
| N° of holdings | 20 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | August 26, 2026 |
| ESG | No | No |
Advertisement
Exposure
Countries
PSQA
USA
14.84%
Other
85.16%
MUNH
USA
13.2%
Other
86.8%
Sectors
PSQA
Industrials
14.55%
Other
85.45%
MUNH
Municipal
13.2%
Other
86.8%
Advertisement
Diversification
PSQA
Total weight of top 15 holdings out of 15
21.9%
MUNH
Total weight of top 15 holdings out of 15
20.14%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about PSQA and MUNH
Which ETF is bigger: PSQA or MUNH?
As of October 16, 2026, PSQA holds $235.42 M in assets under management (AUM), while MUNH manages $9.66 M.
What sectors do the PSQA and MUNH ETFs invest in?
PSQA leans toward sectors like Industrials. Meanwhile, MUNH focuses on Municipal.
What are the top holdings of the PSQA ETF and MUNH ETF?
PSQA top holdings include Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A), US75884YAK47 and US12549QBL86. MUNH holds in its top three: US724400AS58, US720526YZ90 and US356446HW78.
Which ETF is more diversified: PSQA or MUNH?
PSQA holds 146 securities with 21.9% of its assets in the top 15. MUNH has 137 securities and a top 15 weight of 20.14%.
Advertisement
Advertisement
