BMOPvsTAXSETF Comparison
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BNY Mellon Municipal Opportunities ETF (BMOP) and Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) belong to the same industry segment: Municipal Bonds. BMOP's top 3 sector exposures are Municipal, Sovereign and Industrials. In contrast, TAXS's top sector exposures are Municipal. BMOP is more expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.05% for TAXS. Run a side-by-side ETF comparison of BMOP and TAXS 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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BMOP vs TAXS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BMOP TAXS | -0.23%+0.39% | -0.85%+0.47% | n/a+1.35% | n/a+2.51% | n/an/a | n/an/a |
| Flows | BMOP TAXS | +$985K+$15M | -$13M+$4M | -+$74M | -+$138M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BMOP TAXS | +2.51%+0.78% | n/a+0.85% | n/an/a | n/an/a |
| Max drawdown | BMOP TAXS | -1.97%-0.48% | n/a-0.83% | n/an/a | n/an/a |
| Max drawdown duration | BMOP TAXS | 56d36d | n/a102d | n/an/a | n/an/a |
Trading data
BMOP | TAXS | |
Last sale 9/1/2026 at 1:30 PM | $24.42 | $50.00 |
| Previous close 08/31/2026 | $24.60 | $50.17 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 1, 2026
1-year trailing difference
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BMOP
is actively managed and doesn’t replicate an indexBMOP | TAXS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
BMOP | TAXS | |
|---|---|---|
| Last price | $24.42 | $50.00 |
| 1D performance | -0.72% | -0.34% |
| AuM | $1.75 B | $145.49 M |
| E/R | 0.54% | 0.05% |
Characteristics
BMOP | TAXS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | BNY Mellon | Northern Trust |
| Benchmark | - | ICE Short Term Focused Municipal Bond Index |
| N° of holdings | 244 | 706 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
BMOP
USA
43.44%
Other
56.56%
TAXS
USA
43.65%
Other
56.35%
Sectors
BMOP
Municipal
42.76%
Other
57.24%
TAXS
Municipal
43.65%
Other
56.35%
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Diversification
BMOP
Total weight of top 15 holdings out of 15
9.93%
TAXS
Total weight of top 15 holdings out of 15
3.22%
Top 15 holdings
Data as of July 31, 2026
BMOP
US45884AF813
0.90%
California Community Choice Financing Authority, 5% 1nov2033, USD (2025F)
0.79%
US052398FE91
0.76%
US745160SG73
0.74%
US575579U623
0.67%
University of Texas, 5% 1jul2041, USD (2023A)
0.63%
US57421CNT70
0.62%
US544532LU62
0.62%
State of Washington, 5% 1aug2040, USD (2024A)
0.62%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.60%
Tennergy Corp., 5% 1oct2054, USD (2024)
0.60%
US56035DHT28
0.60%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.59%
US45130ABS33
0.59%
US896035DL36
0.59%
TAXS
US45505MJL19
0.25%
US267169HD59
0.24%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.23%
US254845TN04
0.23%
US938782EQ84
0.23%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.22%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.21%
US604146GB05
0.21%
Kentucky, 5% 1apr2030, USD
0.21%
US84136JAE91
0.20%
Ohio Water Development Authority, 5% 1dec2029, USD (2019)
0.20%
US39081JGT97
0.20%
US451446AC29
0.20%
US842039EX31
0.20%
US513174Q709
0.20%
Frequently asked questions about BMOP and TAXS
Which ETF is bigger: BMOP or TAXS?
As of August 31, 2026, BMOP holds $1.75 B in assets under management (AUM), while TAXS manages $145.49 M.
What sectors do the BMOP and TAXS ETFs invest in?
BMOP leans toward sectors like Municipal. Meanwhile, TAXS focuses on Municipal.
What are the top holdings of the BMOP ETF and TAXS ETF?
BMOP top holdings include US45884AF813, California Community Choice Financing Authority, 5% 1nov2033, USD (2025F) and US052398FE91. TAXS holds in its top three: US45505MJL19, US267169HD59 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1).
Which ETF is more diversified: BMOP or TAXS?
BMOP holds 666 securities with 9.93% of its assets in the top 15. TAXS has 1744 securities and a top 15 weight of 3.22%.
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Latest news about BMOP & TAXS
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXS
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