STAXvsTAXFETF Comparison
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Nomura Tax-Free USA Short Term ETF (STAX) and American Century Diversified Municipal Bond ETF (TAXF) 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 0.25% for TAXF. STAX is up 0.62% year-to-date (YTD) with +$6M in YTD flows. TAXF performs worse with -1.87% YTD performance, and +$186M in YTD flows. Run a side-by-side ETF comparison of STAX 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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STAX vs TAXF 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 TAXF | -0.05%-0.40% | -0.88%-3.76% | +0.62%-1.87% | +1.00%-1.18% | n/a+11.92% | n/a+1.98% |
| Flows | STAX TAXF | -$3K+$40M | -$2M+$63M | +$6M+$186M | +$6M+$219M | -+$386M | -+$580M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | STAX TAXF | +2.37%+5.54% | +1.45%+3.44% | n/a+3.93% | n/a+3.88% |
| Max drawdown | STAX TAXF | -2.49%-6.26% | -2.57%-6.91% | n/a-6.91% | n/a-13.26% |
| Max drawdown duration | STAX TAXF | 64d92d | 101d103d | n/a103d | n/a1001d |
Trading data
STAX | TAXF | |
Last sale 10/16/2026 at 1:30 PM | $24.92 | $47.88 |
| Previous close 10/16/2026 | $24.92 | $47.83 |
| 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 10/16/2026 at 1:30 PM
Live
Closed
STAX | TAXF | |
|---|---|---|
| Last price | $24.92 | $47.88 |
| 1D performance | +0.00% | +0.10% |
| AuM | $11.24 M | $705.56 M |
| E/R | 0.29% | 0.25% |
Characteristics
STAX | TAXF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Nomura | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 30 | 244 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 28, 2023 | September 10, 2018 |
| ESG | No | No |
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Exposure
Countries
STAX
USA
34.04%
Other
65.96%
TAXF
USA
35.49%
Other
64.51%
Sectors
STAX
Municipal
34.04%
Other
65.96%
TAXF
Municipal
35.49%
Other
64.51%
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Diversification
STAX
Total weight of top 15 holdings out of 15
27.98%
TAXF
Total weight of top 15 holdings out of 15
8.47%
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%
TAXF
US74442PN840
0.88%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.88%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.58%
US646080ZU81
0.57%
US452252RA98
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
US681725PH47
0.46%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.45%
US74439YBD22
0.44%
US292723AY90
0.41%
US880157EC24
0.40%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
Frequently asked questions about STAX and TAXF
How have the STAX and TAXF ETFs performed in 2026?
As of October 16, 2026, STAX is up 0.62% year-to-date (YTD), while TAXF has lost -1.87%. That puts STAX better performer ahead so far this year.
Which ETF is attracting more investor money: STAX or TAXF?
Year-to-date, the STAX ETF saw +$6M in flows, compared to +$186M for TAXF.
Which ETF is more volatile: STAX or TAXF?
Over the past year, STAX had a volatility of 1.45%, while TAXF experienced 3.44%.
Which ETF is bigger: STAX or TAXF?
As of October 16, 2026, STAX holds $11.24 M in assets under management (AUM), while TAXF manages $705.56 M.
What sectors do the STAX and TAXF ETFs invest in?
STAX leans toward sectors like Municipal. Meanwhile, TAXF focuses on Municipal.
What are the top holdings of the STAX ETF and TAXF ETF?
STAX top holdings include US650116FF84, US4521525L18 and US85236DAK46. 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: STAX or TAXF?
STAX holds 82 securities with 27.98% of its assets in the top 15. TAXF has 792 securities and a top 15 weight of 8.47%.
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