LTAXvsDMBSETF Comparison
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Nomura Tax-Free USA ETF (LTAX) belongs to the Municipal Bonds segment. DoubleLine Mortgage ETF (DMBS) is part of the MBS & ABS segment. LTAX's top 1 sector exposures are Municipal. In contrast, DMBS's top sector exposures are Non-Corporate and Industrials. Both LTAX and DMBS have the same Total Expense Ratio (TER) of 0.39%. Run a side-by-side ETF comparison of LTAX and DMBS 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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LTAX vs DMBS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LTAX DMBS | -1.17%-0.01% | -2.06%-0.77% | n/a-0.03% | n/a+2.58% | n/a+16.14% | n/an/a |
| Flows | LTAX DMBS | -+$11M | -+$27M | -+$62M | -+$204M | -+$617M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LTAX DMBS | +3.49%+4.53% | n/a+4.18% | n/a+5.57% | n/an/a |
| Max drawdown | LTAX DMBS | -3.22%-1.85% | n/a-3.34% | n/a-5.11% | n/an/a |
| Max drawdown duration | LTAX DMBS | 58d65d | n/a185d | n/a76d | n/an/a |
Trading data
LTAX | DMBS | |
Last sale 9/2/2026 at 2:45 PM | $24.36 | $47.81 |
| Previous close 09/02/2026 | $24.41 | $47.75 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 2:45 PM
Live
Closed
LTAX | DMBS | |
|---|---|---|
| Last price | $24.36 | $47.81 |
| 1D performance | -0.19% | +0.13% |
| AuM | $6.09 M | $703.54 M |
| E/R | 0.39% | 0.39% |
Characteristics
LTAX | DMBS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | DoubleLine |
| Benchmark | - | - |
| N° of holdings | 62 | 16 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 12, 2026 | March 31, 2023 |
| ESG | No | No |
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Exposure
Countries
LTAX
USA
78.02%
Other
21.98%
DMBS
USA
7.76%
Other
92.24%
Sectors
LTAX
Municipal
78.02%
Other
21.98%
DMBS
Other
100%
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Diversification
LTAX
Total weight of top 15 holdings out of 15
28.73%
DMBS
Total weight of top 15 holdings out of 15
40.57%
Top 15 holdings
Data as of July 31, 2026
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%
DMBS
US01F0506844
13.15%
US3136G5GX27
2.54%
US3133A3HS09
2.29%
Dreyfus Government Cash Management
2.10%
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
2.03%
US6652798082
2.03%
US3133KNSC82
2.00%
US01F0306864
1.90%
US3133AYYL82
1.87%
US31427RPS30
1.83%
US3140W6CY69
1.82%
US31427SPV42
1.77%
US3132DPPC67
1.77%
US3140W6YF33
1.74%
US3140W3A259
1.71%
Frequently asked questions about LTAX and DMBS
Which ETF is bigger: LTAX or DMBS?
As of September 2, 2026, LTAX holds $6.09 M in assets under management (AUM), while DMBS manages $703.54 M.
What are the top holdings of the LTAX ETF and DMBS ETF?
LTAX top holdings include 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. DMBS holds in its top three: US01F0506844, US3136G5GX27 and US3133A3HS09.
Which ETF is more diversified: LTAX or DMBS?
LTAX holds 86 securities with 28.73% of its assets in the top 15. DMBS has 187 securities and a top 15 weight of 40.57%.
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