BDBTvsLTAXETF Comparison
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Bluemonte Core Bond ETF (BDBT) belongs to the US Aggregate Bonds segment. Nomura Tax-Free USA ETF (LTAX) is part of the Municipal Bonds segment. BDBT's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, LTAX's top sector exposures are Municipal. BDBT is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.39% for LTAX. Run a side-by-side ETF comparison of BDBT and LTAX 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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BDBT vs LTAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BDBT LTAX | -0.01%-1.09% | -0.64%-1.98% | -0.51%n/a | +1.30%n/a | n/an/a | n/an/a |
| Flows | BDBT LTAX | +$6M- | +$25M- | +$94M- | +$163M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BDBT LTAX | +4.07%+3.50% | +3.75%n/a | n/an/a | n/an/a |
| Max drawdown | BDBT LTAX | -1.74%-3.22% | -2.81%n/a | n/an/a | n/an/a |
| Max drawdown duration | BDBT LTAX | 66d59d | 186dn/a | n/an/a | n/an/a |
Trading data
BDBT | LTAX | |
Last sale 9/4/2026 at 4:58 PM | $24.73 | $24.32 |
| Previous close 09/03/2026 | $24.71 | $24.36 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 4:58 PM
Live
Closed
BDBT | LTAX | |
|---|---|---|
| Last price | $24.73 | $24.32 |
| 1D performance | +0.08% | -0.16% |
| AuM | $485.46 M | $6.09 M |
| E/R | 0.28% | 0.39% |
Characteristics
BDBT | LTAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Bluemonte Investment Management | Nomura |
| Benchmark | - | - |
| N° of holdings | 11352 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 23, 2025 | January 12, 2026 |
| ESG | No | No |
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Exposure
Countries
BDBT
USA
77.25%
Other
22.75%
LTAX
USA
78.02%
Other
21.98%
Sectors
BDBT
Sovereign
46.72%
Finance
10.33%
Industrials
7.05%
Other
35.9%
LTAX
Municipal
78.02%
Other
21.98%
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Diversification
BDBT
Total weight of top 15 holdings out of 15
10.84%
LTAX
Total weight of top 15 holdings out of 15
28.73%
Top 15 holdings
Data as of July 31, 2026
BDBT
BlackRock Cash Funds - Institutional
2.33%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.65%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.64%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.63%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.63%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.63%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.62%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.62%
USA, Notes 4% 15feb2034, USD (B-2034)
0.62%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.62%
USA, Notes 4% 15nov2035, USD (F-2035)
0.61%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
0.60%
USA, Notes 4% 28feb2030, USD (H-2030)
0.58%
USA, Notes 3.875% 15aug2033, USD (E-2033)
0.55%
USA, Notes 2.875% 15may2032, USD (C-2032)
0.51%
LTAX
State of Washington, 5% 1feb2051, USD (2026C)
2.52%
New York Transitional Finance Authority, 5% 1feb2053, USD (2026)
2.47%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
2.33%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.09%
Puerto Rico, FRN 1nov2043, USD
1.89%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD (2024)
1.85%
Massachusetts Development Finance Agency, 5% 15feb2034, USD (2026A)
1.82%
Arizona Transportation Board, 5% 1jul2040, USD (2026)
1.77%
Minnesota Agricultural and Economic Development Board, 5.25% 1jan2054, USD (2024)
1.73%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
1.73%
Greater Orlando Aviation Authority, 5.25% 1nov2034, USD (2025)
1.72%
US43233KAW45
1.71%
New York and New Jersey Port Authority, 5.25% 15aug2056, USD
1.71%
US63607YEY23
1.70%
New York Municipal Water Finance Authority, 5.25% 15jun2056, USD (2026)
1.70%
Frequently asked questions about BDBT and LTAX
Which ETF is bigger: BDBT or LTAX?
As of September 3, 2026, BDBT holds $485.46 M in assets under management (AUM), while LTAX manages $6.09 M.
What sectors do the BDBT and LTAX ETFs invest in?
BDBT leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, LTAX focuses on Municipal.
What are the top holdings of the BDBT ETF and LTAX ETF?
BDBT top holdings include BlackRock Cash Funds - Institutional, USA, Notes 4.625% 15feb2035, USD (B-2035) and USA, Notes 4.375% 15may2034, USD (C-2034). LTAX holds in its top three: State of Washington, 5% 1feb2051, USD (2026C), New York Transitional Finance Authority, 5% 1feb2053, USD (2026) and Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD.
Which ETF is more diversified: BDBT or LTAX?
BDBT holds 20859 securities with 10.84% of its assets in the top 15. LTAX has 86 securities and a top 15 weight of 28.73%.
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