SECUvsMUNCETF Comparison
VS
ETF 2
MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
This fund is part of
Municipal Bonds
-0.03%
iShares Securitized Income Active ETF (SECU) and Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) have similar underlying exposures to countries and sectors. SECU's top 3 sector exposures are Industrials, Non-Corporate and Finance. In contrast, MUNC's top sector exposures are Municipal. SECU is more expensive with a Total Expense Ratio (TER) of 0.41%, versus 0.18% for MUNC. Run a side-by-side ETF comparison of SECU and MUNC 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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SECU vs MUNC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SECU MUNC | +0.11%-0.69% | +0.49%-2.02% | n/a-0.89% | n/a+2.94% | n/an/a | n/an/a |
| Flows | SECU MUNC | +$67M- | +$260M- | --$2M | --$2M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SECU MUNC | +2.18%+2.31% | n/a+2.41% | n/an/a | n/an/a |
| Max drawdown | SECU MUNC | -0.59%-2.46% | n/a-3.15% | n/an/a | n/an/a |
| Max drawdown duration | SECU MUNC | 35d58d | n/a185d | n/an/a | n/an/a |
Trading data
SECU | MUNC | |
Last sale 9/3/2026 at 1:30 PM | $49.35 | $99.54 |
| Previous close 09/02/2026 | $49.24 | $99.54 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
SECU | MUNC | |
|---|---|---|
| Last price | $49.35 | $99.54 |
| 1D performance | +0.22% | +0.01% |
| AuM | $953.30 M | $7.97 M |
| E/R | 0.41% | 0.18% |
Characteristics
SECU | MUNC | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | iShares | FlexShares |
| Benchmark | - | - |
| N° of holdings | 49 | 20 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 23, 2026 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
SECU
USA
15.52%
Other
84.48%
MUNC
USA
15.7%
Other
84.3%
Sectors
SECU
Industrials
8.66%
Other
91.34%
MUNC
Municipal
15.7%
Other
84.3%
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Diversification
SECU
Total weight of top 15 holdings out of 15
18.03%
MUNC
Total weight of top 15 holdings out of 15
32.28%
Top 15 holdings
Data as of July 31, 2026
SECU
Dreyfus Treasury Securities Cash Management
6.69%
US01F0406854
1.31%
Carlyle US CLO 2026-2A, FRN 20apr2039, USD (ABS, A1)
1.13%
Diameter Capital CLO 2023-5A, FRN 18jan2039, USD (ABS, A1R)
1.12%
US3133Q3SP70
0.97%
A10 Issuer 2025-FL6, FRN 15may2042, USD (ABS, A)
0.96%
US46594VAF31
0.79%
US816938AB03
0.74%
US05593JAA88
0.68%
Dwight Issuer 2026-FL2, FRN 18jan2044, USD (ABS, A)
0.67%
US38384GAP54
0.62%
US03166KAA79
0.62%
US05618UAA43
0.59%
US05594LAA26
0.57%
US04039JAA34
0.57%
MUNC
Utility Debt Securitization Authority, 5% 15dec2029, USD (2022)
3.34%
US866849W400
3.25%
US544532CU63
3.23%
US930864JG97
3.03%
US64613CAZ14
2.62%
US562895XK30
2.54%
US05914GFN34
1.92%
US153480AJ70
1.86%
US315361MP77
1.84%
Greater Chicago Metropolitan Water Reclamation District, 5.25% 1dec2035, USD
1.71%
US216181GE19
1.44%
US812670DV64
1.42%
US779240RF94
1.39%
US749030EE89
1.37%
US79289ABY82
1.35%
Frequently asked questions about SECU and MUNC
Which ETF is bigger: SECU or MUNC?
As of September 2, 2026, SECU holds $953.30 M in assets under management (AUM), while MUNC manages $7.97 M.
What sectors do the SECU and MUNC ETFs invest in?
SECU leans toward sectors like Industrials. Meanwhile, MUNC focuses on Municipal.
What are the top holdings of the SECU ETF and MUNC ETF?
SECU top holdings include Dreyfus Treasury Securities Cash Management, US01F0406854 and Carlyle US CLO 2026-2A, FRN 20apr2039, USD (ABS, A1). MUNC holds in its top three: Utility Debt Securitization Authority, 5% 15dec2029, USD (2022), US866849W400 and US544532CU63.
Which ETF is more diversified: SECU or MUNC?
SECU holds 868 securities with 18.03% of its assets in the top 15. MUNC has 152 securities and a top 15 weight of 32.28%.
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Latest news about SECU & MUNC
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
MUNC
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