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 1.23% year-to-date (YTD) with +$6M in YTD flows. TAXE performs worse with 0.25% YTD performance, and +$97M 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 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | STAX TAXE | +0.04%-0.43% | +0.11%-1.29% | +1.23%+0.25% | +2.08%+3.92% | n/an/a | n/an/a |
| Flows | STAX TAXE | -$2M+$14M | +$5M+$43M | +$6M+$97M | +$6M+$118M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | STAX TAXE | +1.06%+2.25% | +0.99%+2.09% | n/an/a | n/an/a |
| Max drawdown | STAX TAXE | -0.63%-1.94% | -1.05%-2.39% | n/an/a | n/an/a |
| Max drawdown duration | STAX TAXE | 57d57d | 106d122d | n/an/a | n/an/a |
Trading data
STAX | TAXE | |
Last sale 9/2/2026 at 1:30 PM | $25.17 | $49.94 |
| Previous close 09/02/2026 | $25.17 | $50.03 |
| 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
STAX | TAXE | |
|---|---|---|
| Last price | $25.17 | $49.94 |
| 1D performance | +0.00% | -0.17% |
| AuM | $11.34 M | $202.12 M |
| E/R | 0.29% | 0.24% |
Characteristics
STAX | TAXE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 36 | 163 |
| 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
37.04%
Other
62.96%
TAXE
USA
35.75%
Other
64.25%
Sectors
STAX
Municipal
37.04%
Other
62.96%
TAXE
Municipal
35.75%
Other
64.25%
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Diversification
STAX
Total weight of top 15 holdings out of 15
26.01%
TAXE
Total weight of top 15 holdings out of 15
12.17%
Top 15 holdings
Data as of July 31, 2026
STAX
Chicago, 5% 1nov2026, USD (2004)
2.43%
US68608JXF38
2.27%
US650116FF84
2.05%
US4521525L18
1.98%
US85236DAK46
1.82%
US882724JZ14
1.66%
US48504NCT46
1.60%
New Jersey, 5% 1jun2029, USD
1.60%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2029, USD (2018A)
1.56%
New York Transportation Development Corp., 5% 1jan2028, USD (2018)
1.55%
US472682YZ07
1.53%
US54877EAC03
1.50%
US73358XNJ71
1.49%
US60374VEX73
1.49%
New York Metropolitan Transportation Authority, 5% 15nov2030, USD (2017D)
1.48%
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 STAX and TAXE
How have the STAX and TAXE ETFs performed in 2026?
As of September 2, 2026, STAX is up 1.23% year-to-date (YTD), while TAXE has returned 0.25%. 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 +$97M for TAXE.
Which ETF is more volatile: STAX or TAXE?
Over the past year, STAX had a volatility of 0.99%, while TAXE experienced 2.09%.
Which ETF is bigger: STAX or TAXE?
As of September 2, 2026, STAX holds $11.34 M in assets under management (AUM), while TAXE manages $202.12 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 Chicago, 5% 1nov2026, USD (2004), US68608JXF38 and US650116FF84. TAXE holds in its top three: US45204FME24, US46246K5E87 and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1).
Which ETF is more diversified: STAX or TAXE?
STAX holds 92 securities with 26.01% of its assets in the top 15. TAXE has 579 securities and a top 15 weight of 12.17%.
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