JHMUvsTAXIETF Comparison
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John Hancock Dynamic Municipal Bond ETF (JHMU) 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. JHMU is more expensive with a Total Expense Ratio (TER) of 1.01%, versus 0.05% for TAXI. JHMU is down -1.62% year-to-date (YTD) with +$54M in YTD flows. TAXI performs better with -0.71% YTD performance, and +$204M in YTD flows. Run a side-by-side ETF comparison of JHMU 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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JHMU vs TAXI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JHMU TAXI | -0.23%+0.41% | -3.06%-1.50% | -1.62%-0.71% | -0.96%+0.51% | n/an/a | n/an/a |
| Flows | JHMU TAXI | +$50M+$81M | +$51M+$126M | +$54M+$204M | +$63M+$247M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHMU TAXI | +4.89%+3.61% | +3.11%+2.30% | n/an/a | n/an/a |
| Max drawdown | JHMU TAXI | -5.48%-3.78% | -6.15%-4.65% | n/an/a | n/an/a |
| Max drawdown duration | JHMU TAXI | 92d92d | 102d229d | n/an/a | n/an/a |
Trading data
JHMU | TAXI | |
Last sale 10/16/2026 at 1:30 PM | $25.10 | $49.85 |
| Previous close 10/15/2026 | $25.07 | $49.74 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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JHMU
is actively managed and doesn’t replicate an indexJHMU | 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 10/16/2026 at 1:30 PM
Live
Closed
JHMU | TAXI | |
|---|---|---|
| Last price | $25.10 | $49.85 |
| 1D performance | +0.13% | +0.23% |
| AuM | $93.43 M | $252.16 M |
| E/R | 1.01% | 0.05% |
Characteristics
JHMU | TAXI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | John Hancock Investments | Northern Trust |
| Benchmark | - | ICE Intermediate Term Focused Municipal Bond Index |
| N° of holdings | 46 | 908 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2023 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
JHMU
USA
39.44%
Other
60.56%
TAXI
USA
39.43%
Other
60.57%
Sectors
JHMU
Municipal
39.44%
Other
60.56%
TAXI
Municipal
39.43%
Other
60.57%
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Diversification
JHMU
Total weight of top 15 holdings out of 15
16.67%
TAXI
Total weight of top 15 holdings out of 15
2.48%
Top 15 holdings
Data as of August 31, 2026
JHMU
US735389P517
1.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.71%
US34061UEX28
1.66%
Indiana Finance Authority, 3% 1nov2030, USD (2010A)
1.61%
US64579RDU86
0.92%
Connecticut Health and Educational Facilities Authority, 5% 1jul2036, USD
0.91%
Utility Debt Securitization Authority, 5% 15dec2041, USD (2025TE-2)
0.91%
US7436003H96
0.91%
US45130ABK07
0.90%
Maricopa Industrial Development Authority, 5% 1jan2038, USD (2026D)
0.90%
US57421CLQ59
0.90%
US79467BKC80
0.90%
US79467BKA25
0.90%
US091096PZ48
0.90%
US795576LT29
0.90%
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%
US09182TCG04
0.16%
US915183Z598
0.16%
Frequently asked questions about JHMU and TAXI
How have the JHMU and TAXI ETFs performed in 2026?
As of October 16, 2026, JHMU is down -1.62% year-to-date (YTD), while TAXI has lost -0.71%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: JHMU or TAXI?
Year-to-date, the JHMU ETF saw +$54M in flows, compared to +$204M for TAXI.
Which ETF is more volatile: JHMU or TAXI?
Over the past year, JHMU had a volatility of 3.11%, while TAXI experienced 2.3%.
Which ETF is bigger: JHMU or TAXI?
As of October 16, 2026, JHMU holds $93.43 M in assets under management (AUM), while TAXI manages $252.16 M.
What sectors do the JHMU and TAXI ETFs invest in?
JHMU leans toward sectors like Municipal. Meanwhile, TAXI focuses on Municipal.
What are the top holdings of the JHMU ETF and TAXI ETF?
JHMU top holdings include US735389P517, Black Belt Energy Gas District, 5% 1dec2034, USD (2026) and US34061UEX28. 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: JHMU or TAXI?
JHMU holds 116 securities with 16.67% 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 JHMU & TAXI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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