MUNC vs EPEM
Comparison between NORTHERN TRUST 2045 TAX-EXEMPT DISTRIBUTING LADDER ETF (MUNC, ETF) and HARBOR EMERGING MARKETS EQUITY ETF (EPEM, ETF).
MUNC vs EPEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MUNC
$8.20M
EPEM
$8.20M
Expense Ratio
Winner
MUNC
0.18%
EPEM
0.84%
Max Drawdown
Winner
MUNC
3.38%
EPEM
13.27%
Sharpe Ratio
MUNC
0.75
Winner
EPEM
1.87
5Y Beta
Winner
MUNC
0.06
EPEM
1.26
MUNC vs EPEM - Holdings Comparison
MUNC and EPEM have 1 common holdings. Overlap is 0.01%
MUNC's top 25 holdings weight is 51.36%. EPEM's top 25 holdings weight is 82.46%.
| Rank | MUNC | EPEM |
|---|---|---|
| #1 | NEW JERSEY ST TRANSN TR FD AUTH 5% (n/a) - 3.34% | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (n/a) - 13.62% |
| #2 | UTILITY DEBT SECURITIZATION AUTH N Y 5% (n/a) - 3.31% | SAMSUNG ELECTRONICS CO LTD (n/a) - 9.38% |
| #3 | SUN PRAIRIE WIS 5% (n/a) - 3.27% | MEDIATEK INC (n/a) - 4.59% |
| #4 | LOS ANGELES CALIF DEPT WTR & PWR REV 5% (n/a) - 3.23% | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 4.40% |
| #5 | IOWA FIN AUTH REV 5% (n/a) - 3.22% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 4.19% |
| #6 | WAKE CNTY N C 5% (n/a) - 3.10% | US DOLLAR (n/a) - 3.88% |
| #7 | NEW YORK N Y 5% (n/a) - 2.86% | GRUPO CIBEST SA ADR (CIB) - 3.40% |
| #8 | CASH (n/a) - 2.43% | MICRO-STAR INTERNATIONAL CO LTD (n/a) - 3.27% |
| #9 | ROUND ROCK TEX INDPT SCH DIST 5% (n/a) - 2.17% | TENCENT HOLDINGS LTD (n/a) - 2.83% |
| #10 | KENTUCKY ST PPTY & BLDGS COMMN REVS 5% (n/a) - 2.13% | WEICHAI POWER CO LTD CLASS H (n/a) - 2.79% |
| #11 | MASSACHUSETTS ST 5% (n/a) - 1.98% | JIANGXI COPPER CO LTD CLASS H (n/a) - 2.67% |
| #12 | CENTRAL FLA TOURISM OVERSIGHT DIST 5% (n/a) - 1.90% | SOCIEDAD QUIMICA Y MINERA DE CHILE SA ADR (SQM) - 2.50% |
| #13 | FERRIS ST UNIV MICH REV 5% (n/a) - 1.83% | BAIDU INC ADR (BIDU) - 2.43% |
| #14 | n/a (n/a) - 1.76% | XP INC CLASS A (XP) - 2.11% |
| #15 | DISTRICT COLUMBIA INCOME TAX REV 5% (n/a) - 1.56% | KOMERCNI BANKA AS (n/a) - 2.05% |
| #16 | SAN ANTONIO TEX ELEC & GAS REV 5% (n/a) - 1.44% | AMBEV SA (n/a) - 1.99% |
| #17 | IDAHO ST BLDG AUTH SALES TAX REV 5% (n/a) - 1.41% | HDFC BANK LTD ADR (HDB) - 1.99% |
| #18 | QUITMAN TEX INDPT SCH DIST 5% (n/a) - 1.40% | COSMAX INC (n/a) - 1.96% |
| #19 | ST PAUL MINN INDPT SCH DIST NO 625 5% (n/a) - 1.36% | FIRSTRAND LTD (n/a) - 1.94% |
| #20 | n/a (n/a) - 1.35% | ICICI BANK LTD ADR (IBN) - 1.92% |
| #21 | MADISON CNTY ALA BRD ED CAP OUTLAY 5% (n/a) - 1.32% | BYD CO LTD CLASS H (n/a) - 1.86% |
| #22 | UNIVERSITY WASH UNIV REVS 5% (n/a) - 1.29% | BOC AVIATION LTD SHS UNITARY 144A/REG S (n/a) - 1.73% |
| #23 | NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% (n/a) - 1.27% | SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD (n/a) - 1.69% |
| #24 | n/a (n/a) - 1.22% | YUM CHINA HOLDINGS INC (YUMC) - 1.64% |
| #25 | JEA FLA ELEC SYS REV 5% (n/a) - 1.21% | GRUPO FINANCIERO BANORTE SAB DE CV CLASS O (n/a) - 1.63% |
| Total Holdings | 105 | 46 |
MUNC vs EPEM - Historical Returns
Returns include dividend reinvestment.
1M
MUNC
+0.42%
Winner
EPEM
+2.34%
3M
MUNC
+0.40%
Winner
EPEM
+18.33%
6M
MUNC
+1.36%
Winner
EPEM
+30.66%
1Y
MUNC
+4.73%
Winner
EPEM
+48.79%
Max(CAGR)
MUNC
+5.84%
Winner
EPEM
+52.03%
MUNC vs EPEM - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | MUNC | EPEM |
|---|---|---|
| 2026 | +0.86% | +23.77% |
| 2025 | +3.78% | +20.73% |
MUNC vs EPEM Drawdown Comparison
The maximum drawdown for MUNC was -3.17%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for EPEM was -13.27%, occurring on Mar 30, 2026. Recovery took 41 trading sessions.
The current MUNC drawdown is -1.37%. The current EPEM drawdown is -3.70%.
| Rank | MUNC | EPEM |
|---|---|---|
| #1 | -3.17% Feb 26, 2026 - Mar 27, 2026 | -13.27% Feb 25, 2026 - Apr 24, 2026 |
| #2 | -0.57% Sep 17, 2025 - Oct 10, 2025 | -8.07% Jun 2, 2026 - Jun 10, 2026 |
| #3 | -0.56% Jan 16, 2026 - Jan 28, 2026 | -6.15% May 11, 2026 - May 26, 2026 |
| #4 | -0.33% Nov 11, 2025 - Dec 23, 2025 | -4.51% Oct 8, 2025 - Oct 20, 2025 |
| #5 | -0.25% Oct 24, 2025 - Nov 7, 2025 | -4.48% Nov 10, 2025 - Dec 26, 2025 |
| #6 | -0.18% Feb 3, 2026 - Feb 5, 2026 | -3.95% Jan 28, 2026 - Feb 10, 2026 |
| #7 | -0.14% Feb 17, 2026 - Feb 23, 2026 | -3.47% Jul 23, 2025 - Aug 13, 2025 |
| #8 | -0.09% Dec 23, 2025 - Dec 30, 2025 | -2.41% Sep 17, 2025 - Oct 8, 2025 |
| #9 | -0.09% Aug 29, 2025 - Sep 4, 2025 | -1.95% Jun 12, 2025 - Jun 24, 2025 |
| #10 | -0.07% Aug 19, 2025 - Aug 22, 2025 | -1.75% Nov 3, 2025 - Nov 10, 2025 |
| #11 | -0.06% Feb 24, 2026 - Feb 26, 2026 | -1.69% Aug 13, 2025 - Sep 5, 2025 |
| #12 | -0.04% Oct 17, 2025 - Oct 21, 2025 | -1.53% May 6, 2026 - May 8, 2026 |
| #13 | -0.04% Feb 10, 2026 - Feb 12, 2026 | -1.52% Apr 24, 2026 - Apr 30, 2026 |
| #14 | -0.03% Oct 10, 2025 - Oct 14, 2025 | -1.49% Oct 20, 2025 - Oct 24, 2025 |
| #15 | -0.03% Oct 22, 2025 - Oct 24, 2025 | -1.30% Feb 11, 2026 - Feb 20, 2026 |
Correlation
Correlation between MUNC and EPEM is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (2025 - 2026)
MUNC vs EPEM dividend yield comparison.
| Year | MUNC | EPEM |
|---|---|---|
| 2026 | 1.35% | 0.00% |
| 2025 | 1.15% | 3.66% |
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