MUNB vs. IQDF
MUNB (Northern Trust 2035 Tax-Exempt Distributing Ladder ETF) and IQDF (FlexShares International Quality Dividend Index Fund) are both exchange-traded funds - MUNB is a Municipal Bonds fund actively managed by Northern Trust, while IQDF is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Index. MUNB is actively managed, while IQDF is passively managed. At a 0.27 correlation, their price movements are largely independent. MUNB charges 0.18%/yr vs 0.47%/yr for IQDF.
Performance
MUNB vs. IQDF - Performance Comparison
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Returns By Period
In the year-to-date period, MUNB achieves a 0.84% return, which is significantly lower than IQDF's 14.15% return.
MUNB
- 1D
- 0.05%
- 1M
- 0.57%
- YTD
- 0.84%
- 6M
- 1.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQDF
- 1D
- -0.73%
- 1M
- -1.05%
- YTD
- 14.15%
- 6M
- 13.42%
- 1Y
- 30.88%
- 3Y*
- 21.94%
- 5Y*
- 10.44%
- 10Y*
- 10.00%
MUNB vs. IQDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUNB Northern Trust 2035 Tax-Exempt Distributing Ladder ETF | 0.84% | 1.91% |
IQDF FlexShares International Quality Dividend Index Fund | 14.15% | 8.95% |
Correlation
The correlation between MUNB and IQDF is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.27 |
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Return for Risk
MUNB vs. IQDF — Risk / Return Rank
MUNB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IQDF
MUNB vs. IQDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) and FlexShares International Quality Dividend Index Fund (IQDF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUNB | IQDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.09 | — |
| Martin ratioReturn relative to average drawdown | — | 11.71 | — |
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Drawdowns
MUNB vs. IQDF - Drawdown Comparison
The maximum MUNB drawdown since its inception was -2.49%, smaller than the maximum IQDF drawdown of -39.83%. Use the drawdown chart below to compare losses from any high point for MUNB and IQDF.
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Drawdown Indicators
| MUNB | IQDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.49% | -39.83% | +37.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.83% | — |
Current DrawdownCurrent decline from peak | -0.97% | -2.90% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -9.30% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.64% | — |
Volatility
MUNB vs. IQDF - Volatility Comparison
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Volatility by Period
| MUNB | IQDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 15.46% | -13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 15.70% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.87% | 16.50% | -14.63% |
MUNB vs. IQDF - Expense Ratio Comparison
MUNB has a 0.18% expense ratio, which is lower than IQDF's 0.47% expense ratio.
Dividends
MUNB vs. IQDF - Dividend Comparison
MUNB's dividend yield for the trailing twelve months is around 1.79%, less than IQDF's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDF FlexShares International Quality Dividend Index Fund | 3.06% | 3.27% | 6.72% | 6.06% | 5.59% | 4.13% | 3.31% | 4.46% | 5.78% | 3.89% | 3.75% | 4.27% |
MUNB Northern Trust 2035 Tax-Exempt Distributing Ladder ETF | 1.79% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MUNB and IQDF have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUNB is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUNB is cheaper with a 0.18% expense ratio, compared with 0.47% for IQDF.
IQDF has the higher dividend yield at 3.06%, compared with 1.79% for MUNB.
MUNB is categorized as Municipal Bonds, while IQDF is Foreign Large Cap Equities. Their fees differ too: 0.18% for MUNB and 0.47% for IQDF.
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