PMIOvsTAXEETF Comparison
VS
PGIM Municipal Income Opportunities ETF (PMIO) and T. Rowe Price Intermediate Municipal Income ETF (TAXE) belong to the same industry segment: Municipal Bonds. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, TAXE's top sector exposures are Municipal. PMIO is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.24% for TAXE. PMIO is up 0.9% year-to-date (YTD) with +$17M in YTD flows. TAXE performs worse with 0.2% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of PMIO and TAXE 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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PMIO vs TAXE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PMIO TAXE | -0.58%-1.04% | -1.04%-1.49% | +0.90%+0.20% | +3.09%+2.70% | n/an/a | n/an/a |
| Flows | PMIO TAXE | +$1M+$10M | +$4M+$41M | +$17M+$97M | +$25M+$120M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO TAXE | +2.09%+2.22% | +1.95%+2.00% | n/an/a | n/an/a |
| Max drawdown | PMIO TAXE | -1.62%-1.98% | -2.30%-2.39% | n/an/a | n/an/a |
| Max drawdown duration | PMIO TAXE | 64d64d | 108d122d | n/an/a | n/an/a |
Trading data
PMIO | TAXE | |
Last sale 9/10/2026 at 1:30 PM | $49.46 | $49.48 |
| Previous close 09/09/2026 | $49.76 | $49.73 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
PMIO | TAXE | |
|---|---|---|
| Last price | $49.46 | $49.48 |
| 1D performance | -0.59% | -0.49% |
| AuM | $51.25 M | $202.03 M |
| E/R | 0.25% | 0.24% |
Characteristics
PMIO | TAXE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 3899 | 163 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2024 | July 10, 2024 |
| ESG | No | No |
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Exposure
Countries
PMIO
USA
37.59%
Other
62.41%
TAXE
USA
35.75%
Other
64.25%
Sectors
PMIO
Municipal
35.68%
Other
64.32%
TAXE
Municipal
35.75%
Other
64.25%
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Diversification
PMIO
Total weight of top 15 holdings out of 15
29.74%
TAXE
Total weight of top 15 holdings out of 15
12.17%
Top 15 holdings
Data as of July 31, 2026
PMIO
Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023)
2.50%
US34074HJC79
2.30%
Illinois Toll Highway Authority, 5% 1jan2045, USD
2.29%
US74442PB613
2.21%
Kentucky Public Energy Authority, 5.25% 1apr2054, USD (2023)
2.11%
County of Utah, 5% 15may2043, USD (2020A)
2.07%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
2.03%
US63607WBD56
1.91%
PGIM Core Government Money Market Fund
1.90%
US63607WBN39
1.84%
National Finance Authority, 6.5% 1dec2034, USD (2026)
1.81%
US63607DAB29
1.76%
US64985STJ23
1.68%
US924190WL18
1.68%
US92708HAQ74
1.66%
TAXE
US45204FME24
1.90%
US46246K5E87
0.96%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.91%
Puerto Rico, 5.75% 1jul2031, USD
0.85%
US45506EQS53
0.83%
US249182LT15
0.81%
Denver, 5% 1dec2029, USD (2018A)
0.79%
Colorado, 6% 15dec2041, USD (2022)
0.72%
US899530AY53
0.72%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.70%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.62%
US64972JNL88
0.61%
US92812XXT44
0.60%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.59%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.58%
Frequently asked questions about PMIO and TAXE
How have the PMIO and TAXE ETFs performed in 2026?
As of September 8, 2026, PMIO is up 0.9% year-to-date (YTD), while TAXE has returned 0.2%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or TAXE?
Year-to-date, the PMIO ETF saw +$17M in flows, compared to +$97M for TAXE.
Which ETF is more volatile: PMIO or TAXE?
Over the past year, PMIO had a volatility of 1.95%, while TAXE experienced 2%.
Which ETF is bigger: PMIO or TAXE?
As of September 8, 2026, PMIO holds $51.25 M in assets under management (AUM), while TAXE manages $202.03 M.
What sectors do the PMIO and TAXE ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, TAXE focuses on Municipal.
What are the top holdings of the PMIO ETF and TAXE ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. TAXE holds in its top three: US45204FME24, US46246K5E87 and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1).
Which ETF is more diversified: PMIO or TAXE?
PMIO holds 6869 securities with 29.74% of its assets in the top 15. TAXE has 579 securities and a top 15 weight of 12.17%.
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