PSQOvsTAXFETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. American Century Diversified Municipal Bond ETF (TAXF) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Utilities. In contrast, TAXF's top sector exposures are Municipal. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.25% for TAXF. PSQO is up 3.01% year-to-date (YTD) with +$173M in YTD flows. TAXF performs worse with 0.1% YTD performance, and +$143M in YTD flows. Run a side-by-side ETF comparison of PSQO and TAXF 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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PSQO vs TAXF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSQO TAXF | +0.48%-0.79% | +1.29%-1.55% | +3.01%+0.10% | +5.08%+4.52% | n/a+11.22% | n/a+3.20% |
| Flows | PSQO TAXF | +$17M+$5M | +$36M+$38M | +$173M+$143M | +$209M+$193M | -+$348M | -+$554M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO TAXF | +0.49%+2.75% | +0.67%+2.59% | n/a+3.77% | n/a+3.72% |
| Max drawdown | PSQO TAXF | -0.08%-2.50% | -0.68%-2.70% | n/a-5.30% | n/a-13.26% |
| Max drawdown duration | PSQO TAXF | 7d58d | 40d114d | n/a275d | n/a1001d |
Trading data
PSQO | TAXF | |
Last sale 9/2/2026 at 1:30 PM | $20.84 | $49.31 |
| Previous close 09/02/2026 | $20.83 | $49.33 |
| 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 1:30 PM
Live
Closed
PSQO | TAXF | |
|---|---|---|
| Last price | $20.84 | $49.31 |
| 1D performance | +0.04% | -0.05% |
| AuM | $293.91 M | $680.13 M |
| E/R | 0.52% | 0.25% |
Characteristics
PSQO | TAXF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 168 | 253 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | September 10, 2018 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
36.63%
Other
63.37%
TAXF
USA
37.04%
Other
62.96%
Sectors
PSQO
Sovereign
11.25%
Industrials
7.71%
Other
81.04%
TAXF
Municipal
37.04%
Other
62.96%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
17.98%
TAXF
Total weight of top 15 holdings out of 15
8.47%
Top 15 holdings
Data as of July 31, 2026
PSQO
Fidelity Investments Money Market Treasury Portfolio
2.18%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.96%
USA, Notes 4% 31may2028, USD (BC-2028)
1.81%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
1.80%
USA, Notes 4% 31jan2029, USD (U-2029)
1.54%
USA, Bills 0% 5nov2026, USD (182D)
1.26%
USA, Bills 0% 19nov2026, USD (182D)
1.26%
US14317KAQ76
1.09%
US38190MAJ09
0.73%
US89640AAY29
0.73%
US29002GAU58
0.73%
US14315GAW50
0.73%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.73%
US671000AL11
0.72%
US55956CAA99
0.72%
TAXF
US74442PN840
0.89%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.87%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.57%
US646080ZU81
0.57%
US452252RA98
0.55%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
US681725PH47
0.47%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.46%
US74439YBD22
0.44%
US292723AY90
0.42%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
New York Transitional Finance Authority, 5.5% 1nov2054, USD (2026)
0.39%
Frequently asked questions about PSQO and TAXF
How have the PSQO and TAXF ETFs performed in 2026?
As of September 2, 2026, PSQO is up 3.01% year-to-date (YTD), while TAXF has returned 0.1%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or TAXF?
Year-to-date, the PSQO ETF saw +$173M in flows, compared to +$143M for TAXF.
Which ETF is more volatile: PSQO or TAXF?
Over the past year, PSQO had a volatility of 0.67%, while TAXF experienced 2.59%.
Which ETF is bigger: PSQO or TAXF?
As of September 2, 2026, PSQO holds $293.91 M in assets under management (AUM), while TAXF manages $680.13 M.
What sectors do the PSQO and TAXF ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, TAXF focuses on Municipal.
What are the top holdings of the PSQO ETF and TAXF ETF?
PSQO top holdings include Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4% 31may2028, USD (BC-2028). TAXF holds in its top three: US74442PN840, Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3) and Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A).
Which ETF is more diversified: PSQO or TAXF?
PSQO holds 426 securities with 17.98% of its assets in the top 15. TAXF has 785 securities and a top 15 weight of 8.47%.
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