BSMZvsTAXIETF Comparison
VS
Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMZ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.05% for TAXI. BSMZ is down -3.11% year-to-date (YTD) with +$48M in YTD flows. TAXI performs better with -0.73% YTD performance, and +$207M in YTD flows. Run a side-by-side ETF comparison of BSMZ and TAXI 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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BSMZ vs TAXI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMZ TAXI | -0.33%+0.46% | -4.27%-1.42% | -3.11%-0.73% | -2.48%+0.41% | n/an/a | n/an/a |
| Flows | BSMZ TAXI | +$5M+$81M | +$17M+$129M | +$48M+$207M | +$68M+$250M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMZ TAXI | +6.27%+3.64% | +4.00%+2.30% | n/an/a | n/an/a |
| Max drawdown | BSMZ TAXI | -7.09%-3.77% | -8.19%-4.65% | n/an/a | n/an/a |
| Max drawdown duration | BSMZ TAXI | 91d67d | 105d232d | n/an/a | n/an/a |
Trading data
BSMZ | TAXI | |
Last sale 10/20/2026 at 3:10 PM | $23.94 | $49.85 |
| Previous close 10/19/2026 | $23.92 | $49.84 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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BSMZ | TAXI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/20/2026 at 3:10 PM
Live
Closed
BSMZ | TAXI | |
|---|---|---|
| Last price | $23.94 | $49.85 |
| 1D performance | +0.08% | +0.02% |
| AuM | $69.20 M | $255.10 M |
| E/R | 0.18% | 0.05% |
Characteristics
BSMZ | TAXI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Northern Trust |
| Benchmark | ICE BulletShares Municipal Bond 2035 Index | ICE Intermediate Term Focused Municipal Bond Index |
| N° of holdings | 467 | 908 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
BSMZ
USA
38.82%
Other
61.18%
TAXI
USA
39.43%
Other
60.57%
Sectors
BSMZ
Municipal
38.82%
Other
61.18%
TAXI
Municipal
39.43%
Other
60.57%
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Diversification
BSMZ
Total weight of top 15 holdings out of 15
6.39%
TAXI
Total weight of top 15 holdings out of 15
2.48%
Top 15 holdings
Data as of August 31, 2026
BSMZ
New York Liberty Development Corp., 5.25% 1oct2035, USD (2005)
0.71%
New York Thruway Authority, 5% 15mar2055, USD (2025B)
0.47%
Massachusetts School Building Authority, 5% 15feb2055, USD (2025)
0.46%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.45%
City of New York, 5.25% 1feb2050, USD (2025)
0.44%
US60637AYQ92
0.43%
US662903J879
0.42%
US67766WV741
0.41%
California Infrastructure and Economic Development Bank, 5.25% 15may2059, USD (2025)
0.41%
California, 5% 1mar2055, USD
0.39%
Omaha Public Facilities Corp., 5% 15apr2050, USD (2025C)
0.39%
New York Transitional Finance Authority, 5.5% 1may2050, USD (2026)
0.36%
Texas Water Development Board, 5% 15oct2042, USD (2025)
0.35%
US64972GL510
0.35%
US64990AWY71
0.35%
TAXI
Huron Valley School District, 5% 1may2040, USD (2026)
0.20%
US56879EHE23
0.17%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.17%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.17%
State of Washington, 5% 1jun2040, USD (2026F)
0.17%
US49151HBK14
0.16%
US64972JB721
0.16%
US46263RTS49
0.16%
US13013JGF75
0.16%
US09182TJE82
0.16%
US79467BKE47
0.16%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.16%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.16%
US915183Z598
0.16%
US09182TCG04
0.16%
Frequently asked questions about BSMZ and TAXI
How have the BSMZ and TAXI ETFs performed in 2026?
As of October 19, 2026, BSMZ is down -3.11% year-to-date (YTD), while TAXI has lost -0.73%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: BSMZ or TAXI?
Year-to-date, the BSMZ ETF saw +$48M in flows, compared to +$207M for TAXI.
Which ETF is more volatile: BSMZ or TAXI?
Over the past year, BSMZ had a volatility of 4%, while TAXI experienced 2.3%.
Which ETF is bigger: BSMZ or TAXI?
As of October 19, 2026, BSMZ holds $69.20 M in assets under management (AUM), while TAXI manages $255.10 M.
What sectors do the BSMZ and TAXI ETFs invest in?
BSMZ leans toward sectors like Municipal. Meanwhile, TAXI focuses on Municipal.
What are the top holdings of the BSMZ ETF and TAXI ETF?
BSMZ top holdings include New York Liberty Development Corp., 5.25% 1oct2035, USD (2005), New York Thruway Authority, 5% 15mar2055, USD (2025B) and Massachusetts School Building Authority, 5% 15feb2055, USD (2025). TAXI holds in its top three: Huron Valley School District, 5% 1may2040, USD (2026), US56879EHE23 and Energy Southeast, 5.5% 1nov2053, USD (2023A-1).
Which ETF is more diversified: BSMZ or TAXI?
BSMZ holds 1611 securities with 6.39% of its assets in the top 15. TAXI has 2484 securities and a top 15 weight of 2.48%.
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Latest news about BSMZ & TAXI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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