PMIOvsTAXMETF Comparison
VS
ETF 2
TAXM
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
This fund is part of
US Aggregate Bonds
-0.11%
PGIM Municipal Income Opportunities ETF (PMIO) belongs to the Municipal Bonds segment. BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is part of the US Aggregate Bonds segment. PMIO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, TAXM's top sector exposures are Municipal, Finance and Industrials. PMIO is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.35% for TAXM. PMIO is up 0.9% year-to-date (YTD) with +$17M in YTD flows. TAXM performs worse with -0.81% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of PMIO and TAXM 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 TAXM 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 TAXM | -0.58%-1.62% | -1.04%-2.06% | +0.90%-0.81% | +3.09%+1.23% | n/an/a | n/an/a |
| Flows | PMIO TAXM | +$1M+$990K | +$4M+$6M | +$17M+$21M | +$25M+$32M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PMIO TAXM | +2.09%+2.37% | +1.95%+2.17% | n/an/a | n/an/a |
| Max drawdown | PMIO TAXM | -1.62%-2.58% | -2.30%-2.81% | n/an/a | n/an/a |
| Max drawdown duration | PMIO TAXM | 64d65d | 108d192d | n/an/a | n/an/a |
Trading data
PMIO | TAXM | |
Last sale 9/10/2026 at 1:30 PM | $49.46 | $48.33 |
| Previous close 09/09/2026 | $49.76 | $48.68 |
| 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 | TAXM | |
|---|---|---|
| Last price | $49.46 | $48.33 |
| 1D performance | -0.59% | -0.72% |
| AuM | $51.25 M | $40.43 M |
| E/R | 0.25% | 0.35% |
Characteristics
PMIO | TAXM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | PGIM | Bondbloxx Investment Management LLC |
| Benchmark | - | - |
| N° of holdings | 3899 | 73 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2024 | March 12, 2025 |
| ESG | No | No |
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Exposure
Countries
PMIO
USA
37.59%
Other
62.41%
TAXM
USA
35.49%
Other
64.51%
Sectors
PMIO
Municipal
35.68%
Other
64.32%
TAXM
Municipal
31.7%
Other
68.3%
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Diversification
PMIO
Total weight of top 15 holdings out of 15
29.74%
TAXM
Total weight of top 15 holdings out of 15
26.94%
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%
TAXM
US57584YR272
2.25%
US575896A219
2.16%
US391712BH85
2.00%
US657339Z838
1.98%
US57563CER97
1.95%
US74441XJU46
1.93%
US84136JAG40
1.88%
US57585BGQ59
1.82%
Broward School Board, 5% 1jul2033, USD (2020A)
1.76%
US642170WK60
1.74%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.63%
US57585BKT43
1.52%
Colorado Housing and Finance Authority, 3% 1may2048, USD (2026)
1.46%
University of Massachusetts Building Authority, 5% 1nov2052, USD (2022-1)
1.43%
US88283KCF30
1.42%
Frequently asked questions about PMIO and TAXM
How have the PMIO and TAXM ETFs performed in 2026?
As of September 8, 2026, PMIO is up 0.9% year-to-date (YTD), while TAXM has lost -0.81%. That puts PMIO better performer ahead so far this year.
Which ETF is attracting more investor money: PMIO or TAXM?
Year-to-date, the PMIO ETF saw +$17M in flows, compared to +$21M for TAXM.
Which ETF is more volatile: PMIO or TAXM?
Over the past year, PMIO had a volatility of 1.95%, while TAXM experienced 2.17%.
Which ETF is bigger: PMIO or TAXM?
As of September 8, 2026, PMIO holds $51.25 M in assets under management (AUM), while TAXM manages $40.43 M.
What sectors do the PMIO and TAXM ETFs invest in?
PMIO leans toward sectors like Municipal. Meanwhile, TAXM focuses on Municipal.
What are the top holdings of the PMIO ETF and TAXM ETF?
PMIO top holdings include Black Belt Energy Gas District, 5.5% 1jun2049, USD (2023), US34074HJC79 and Illinois Toll Highway Authority, 5% 1jan2045, USD. TAXM holds in its top three: US57584YR272, US575896A219 and US391712BH85.
Which ETF is more diversified: PMIO or TAXM?
PMIO holds 6869 securities with 29.74% of its assets in the top 15. TAXM has 158 securities and a top 15 weight of 26.94%.
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