STAXvsTAXEETF Comparison
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Nomura Tax-Free USA Short Term ETF (STAX) and T. Rowe Price Intermediate Municipal Income ETF (TAXE) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. STAX is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.24% for TAXE. STAX is up 0.62% year-to-date (YTD) with +$6M in YTD flows. TAXE performs worse with -0.99% YTD performance, and +$252M in YTD flows. Run a side-by-side ETF comparison of STAX 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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STAX vs TAXE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | STAX TAXE | -0.05%-0.03% | -0.88%-2.75% | +0.62%-0.99% | +1.00%-0.00% | n/an/a | n/an/a |
| Flows | STAX TAXE | -$3K+$153M | -$2M+$184M | +$6M+$252M | +$6M+$272M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | STAX TAXE | +2.37%+4.50% | +1.45%+2.78% | n/an/a | n/an/a |
| Max drawdown | STAX TAXE | -2.49%-5.12% | -2.57%-5.51% | n/an/a | n/an/a |
| Max drawdown duration | STAX TAXE | 64d92d | 101d101d | n/an/a | n/an/a |
Trading data
STAX | TAXE | |
Last sale 10/19/2026 at 1:30 PM | $24.93 | $49.22 |
| Previous close 10/16/2026 | $24.92 | $49.23 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
STAX | TAXE | |
|---|---|---|
| Last price | $24.93 | $49.22 |
| 1D performance | +0.06% | -0.02% |
| AuM | $11.24 M | $356.20 M |
| E/R | 0.29% | 0.24% |
Characteristics
STAX | TAXE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 30 | 169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 28, 2023 | July 10, 2024 |
| ESG | No | No |
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Exposure
Countries
STAX
USA
34.04%
Other
65.96%
TAXE
USA
36.28%
Other
63.72%
Sectors
STAX
Municipal
34.04%
Other
65.96%
TAXE
Municipal
36.28%
Other
63.72%
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Diversification
STAX
Total weight of top 15 holdings out of 15
27.98%
TAXE
Total weight of top 15 holdings out of 15
11.04%
Top 15 holdings
Data as of August 31, 2026
STAX
US650116FF84
2.40%
US4521525L18
2.31%
US85236DAK46
2.12%
Chicago, 5% 1nov2026, USD (2004)
2.08%
US45470YGF25
1.90%
US54877EAC03
1.89%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2029, USD (2018A)
1.82%
New York Transportation Development Corp., 5% 1jan2028, USD (2018)
1.80%
US472682YZ07
1.79%
US73358XNJ71
1.74%
US60374VEX73
1.73%
US46613SRN26
1.73%
US725304TX70
1.66%
US63608SAG75
1.55%
Equitable School Revolving Fund, 5% 1nov2028, USD (2022A)
1.47%
TAXE
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
1.63%
Puerto Rico, 5.75% 1jul2031, USD
0.87%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.85%
US249182LT15
0.75%
Denver, 5% 1dec2029, USD (2018A)
0.74%
US899530AY53
0.74%
US736754TT94
0.71%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.68%
Colorado, 6% 15dec2041, USD (2022)
0.67%
US040507QB45
0.59%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.58%
South Carolina Jobs-Economic Development Authority, 5% 1may2043, USD (2018A)
0.56%
US92812XXT44
0.56%
US64972JNL88
0.56%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.55%
Frequently asked questions about STAX and TAXE
How have the STAX and TAXE ETFs performed in 2026?
As of October 16, 2026, STAX is up 0.62% year-to-date (YTD), while TAXE has lost -0.99%. That puts STAX better performer ahead so far this year.
Which ETF is attracting more investor money: STAX or TAXE?
Year-to-date, the STAX ETF saw +$6M in flows, compared to +$252M for TAXE.
Which ETF is more volatile: STAX or TAXE?
Over the past year, STAX had a volatility of 1.45%, while TAXE experienced 2.78%.
Which ETF is bigger: STAX or TAXE?
As of October 16, 2026, STAX holds $11.24 M in assets under management (AUM), while TAXE manages $356.20 M.
What sectors do the STAX and TAXE ETFs invest in?
STAX leans toward sectors like Municipal. Meanwhile, TAXE focuses on Municipal.
What are the top holdings of the STAX ETF and TAXE ETF?
STAX top holdings include US650116FF84, US4521525L18 and US85236DAK46. TAXE holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023), Puerto Rico, 5.75% 1jul2031, USD and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1).
Which ETF is more diversified: STAX or TAXE?
STAX holds 82 securities with 27.98% of its assets in the top 15. TAXE has 612 securities and a top 15 weight of 11.04%.
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