CGHMvsTAXTETF Comparison
VS
Capital Group Municipal High-Income ETF (CGHM) and Northern Trust Tax-Exempt Bond ETF (TAXT) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. CGHM is more expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.05% for TAXT. CGHM is up 0.99% year-to-date (YTD) with +$858M in YTD flows. TAXT performs worse with 0.03% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of CGHM and TAXT 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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CGHM vs TAXT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CGHM TAXT | -0.80%-0.61% | -1.48%-1.48% | +0.99%+0.03% | +6.23%+4.01% | n/an/a | n/an/a |
| Flows | CGHM TAXT | +$100M+$5M | +$295M+$6M | +$858M+$41M | +$1.16B+$51M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CGHM TAXT | +2.85%+2.14% | +3.01%+2.13% | n/an/a | n/an/a |
| Max drawdown | CGHM TAXT | -2.50%-2.05% | -2.57%-2.28% | n/an/a | n/an/a |
| Max drawdown duration | CGHM TAXT | 65d58d | 88d117d | n/an/a | n/an/a |
Trading data
CGHM | TAXT | |
Last sale 9/2/2026 at 1:30 PM | $25.11 | $50.40 |
| Previous close 09/02/2026 | $25.10 | $50.39 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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CGHM
is actively managed and doesn’t replicate an indexCGHM | TAXT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
CGHM | TAXT | |
|---|---|---|
| Last price | $25.11 | $50.40 |
| 1D performance | +0.04% | +0.02% |
| AuM | $3.29 B | $64.38 M |
| E/R | 0.34% | 0.05% |
Characteristics
CGHM | TAXT | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Capital Group | Northern Trust |
| Benchmark | - | ICE All Maturity Focused Municipal Bond Index |
| N° of holdings | 853 | 534 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2024 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
CGHM
USA
46.66%
Other
53.34%
TAXT
USA
45.85%
Other
54.15%
Sectors
CGHM
Municipal
46.66%
Other
53.34%
TAXT
Municipal
45.85%
Other
54.15%
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Diversification
CGHM
Total weight of top 15 holdings out of 15
7.52%
TAXT
Total weight of top 15 holdings out of 15
4.8%
Top 15 holdings
Data as of July 31, 2026
CGHM
Puerto Rico, FRN 1nov2043, USD
1.10%
Puerto Rico, FRN 1nov2051, USD
0.89%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.62%
US419800PW17
0.51%
City of New York, 9% 15aug2015, USD
0.48%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.48%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.46%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.45%
Puerto Rico Aqueduct and Sewer Authority, 5% 1jul2047, USD (2020A)
0.44%
Mobile Industrial Development Authority, 4.75% 1dec2054, USD (2024B)
0.39%
Capital Trust Agency, 5% 1jul2056, USD (2021A-1)
0.35%
US83703FLR19
0.34%
Connecticut Health and Educational Facilities Authority, 2.55% 1jul2057, USD (2017C-4)
0.34%
US45203HAH57
0.34%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.33%
TAXT
University of California, 5% 15may2052, USD (2022)
0.49%
New York Urban Development Corp., 5% 15mar2042, USD (2017C)
0.47%
New York Thruway Authority, 5% 15mar2049, USD
0.46%
US79771FLJ48
0.35%
US13077DUQ32
0.34%
US181000TQ31
0.30%
US84136HCT86
0.30%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.28%
Triborough Bridge and Tunnel Authority, 5% 15may2052, USD
0.27%
Indianapolis Local Public Improvement Bond Bank, 5% 1feb2033, USD
0.26%
South Dakota Conservancy District, 5% 1aug2056, USD (2026B)
0.26%
City of New York, 5.25% 1feb2053, USD (2026)
0.26%
Metropolitan Atlanta Rapid Transit Authority, 3.25% 1jul2039, USD (2017C)
0.26%
US250375NB42
0.26%
Virginia Public Building Authority, 5% 1aug2033, USD (2020A)
0.25%
Frequently asked questions about CGHM and TAXT
How have the CGHM and TAXT ETFs performed in 2026?
As of September 1, 2026, CGHM is up 0.99% year-to-date (YTD), while TAXT has returned 0.03%. That puts CGHM better performer ahead so far this year.
Which ETF is attracting more investor money: CGHM or TAXT?
Year-to-date, the CGHM ETF saw +$858M in flows, compared to +$41M for TAXT.
Which ETF is more volatile: CGHM or TAXT?
Over the past year, CGHM had a volatility of 3.01%, while TAXT experienced 2.13%.
Which ETF is bigger: CGHM or TAXT?
As of September 1, 2026, CGHM holds $3.29 B in assets under management (AUM), while TAXT manages $64.38 M.
What sectors do the CGHM and TAXT ETFs invest in?
CGHM leans toward sectors like Municipal. Meanwhile, TAXT focuses on Municipal.
What are the top holdings of the CGHM ETF and TAXT ETF?
CGHM top holdings include Puerto Rico, FRN 1nov2043, USD, Puerto Rico, FRN 1nov2051, USD and Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD. TAXT holds in its top three: University of California, 5% 15may2052, USD (2022), New York Urban Development Corp., 5% 15mar2042, USD (2017C) and New York Thruway Authority, 5% 15mar2049, USD.
Which ETF is more diversified: CGHM or TAXT?
CGHM holds 2582 securities with 7.52% of its assets in the top 15. TAXT has 1297 securities and a top 15 weight of 4.8%.
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Latest news about CGHM & TAXT
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXT
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