LTAXvsDSCOETF Comparison
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Nomura Tax-Free USA ETF (LTAX) belongs to the Municipal Bonds segment. DoubleLine Securitized Credit ETF (DSCO) is part of the MBS & ABS segment. LTAX's top 1 sector exposures are Municipal. In contrast, DSCO's top sector exposures are Industrials, Non-Corporate and Finance. LTAX is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.5% for DSCO. Run a side-by-side ETF comparison of LTAX and DSCO 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 DSCO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LTAX DSCO | -1.09%+0.33% | -1.98%+0.96% | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | LTAX DSCO | --$994K | -+$49M | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LTAX DSCO | +3.50%+1.35% | n/an/a | n/an/a | n/an/a |
| Max drawdown | LTAX DSCO | -3.22%-0.32% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | LTAX DSCO | 59d25d | n/an/a | n/an/a | n/an/a |
Trading data
LTAX | DSCO | |
Last sale 9/4/2026 at 1:46 PM | $24.32 | $24.74 |
| Previous close 09/03/2026 | $24.36 | $24.68 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/4/2026 at 1:46 PM
Live
Closed
LTAX | DSCO | |
|---|---|---|
| Last price | $24.32 | $24.74 |
| 1D performance | -0.16% | +0.24% |
| AuM | $6.09 M | $241.89 M |
| E/R | 0.39% | 0.5% |
Characteristics
LTAX | DSCO | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | DoubleLine |
| Benchmark | - | - |
| N° of holdings | 62 | 31 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 12, 2026 | February 2, 2026 |
| ESG | No | No |
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Exposure
Countries
LTAX
USA
78.02%
Other
21.98%
DSCO
USA
12.02%
Other
87.98%
Sectors
LTAX
Municipal
78.02%
Other
21.98%
DSCO
Other
100%
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Diversification
LTAX
Total weight of top 15 holdings out of 15
28.73%
DSCO
Total weight of top 15 holdings out of 15
21.2%
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%
DSCO
Dreyfus Government Cash Management
2.78%
US6652798082
2.69%
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
2.69%
US3137GBQ730
2.04%
US78438QAJ94
1.63%
US46661HAH84
1.45%
US31427PWS90
1.17%
US31427QL837
1.08%
US46661HAF29
1.01%
US69393JAG31
0.85%
US29003MAY30
0.81%
US10570XAH98
0.77%
US31427PJG00
0.76%
US31427TGU43
0.75%
US924935AJ83
0.72%
Frequently asked questions about LTAX and DSCO
Which ETF is bigger: LTAX or DSCO?
As of September 3, 2026, LTAX holds $6.09 M in assets under management (AUM), while DSCO manages $241.89 M.
What are the top holdings of the LTAX ETF and DSCO 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. DSCO holds in its top three: Dreyfus Government Cash Management, US6652798082 and Morgan Stanley Instl. Liquidity Funds - Government Portfolio.
Which ETF is more diversified: LTAX or DSCO?
LTAX holds 86 securities with 28.73% of its assets in the top 15. DSCO has 354 securities and a top 15 weight of 21.2%.
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