TAXEvsCGMUETF Comparison
VS
T. Rowe Price Intermediate Municipal Income ETF (TAXE) and Capital Group Municipal Income ETF (CGMU) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXE is less expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.27% for CGMU. TAXE is down -0.97% year-to-date (YTD) with +$256M in YTD flows. CGMU performs worse with -1.38% YTD performance, and +$2.65B in YTD flows. Run a side-by-side ETF comparison of TAXE and CGMU 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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TAXE vs CGMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXE CGMU | +0.07%-0.19% | -2.52%-2.65% | -0.97%-1.38% | -0.14%-0.74% | n/a+14.49% | n/an/a |
| Flows | TAXE CGMU | +$154M+$474M | +$188M+$1.02B | +$256M+$2.65B | +$276M+$3.19B | -+$7.09B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXE CGMU | +4.49%+4.32% | +2.78%+2.74% | n/a+3.14% | n/an/a |
| Max drawdown | TAXE CGMU | -4.92%-4.83% | -5.51%-5.69% | n/a-5.69% | n/an/a |
| Max drawdown duration | TAXE CGMU | 92d67d | 102d232d | n/a232d | n/an/a |
Trading data
TAXE | CGMU | |
Last sale 10/20/2026 at 7:09 PM | $49.23 | $26.35 |
| Previous close 10/19/2026 | $49.22 | $26.36 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/20/2026 at 7:09 PM
Live
Closed
TAXE | CGMU | |
|---|---|---|
| Last price | $49.23 | $26.35 |
| 1D performance | +0.03% | -0.06% |
| AuM | $359.97 M | $7.20 B |
| E/R | 0.24% | 0.27% |
Characteristics
TAXE | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | Capital Group |
| Benchmark | - | - |
| N° of holdings | 169 | 639 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 10, 2024 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
TAXE
USA
36.28%
Other
63.72%
CGMU
USA
38.11%
Other
61.89%
Sectors
TAXE
Municipal
36.28%
Other
63.72%
CGMU
Municipal
38.11%
Other
61.89%
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Diversification
TAXE
Total weight of top 15 holdings out of 15
11.04%
CGMU
Total weight of top 15 holdings out of 15
6.67%
Top 15 holdings
Data as of August 31, 2026
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%
CGMU
Puerto Rico, FRN 1nov2043, USD
0.76%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.64%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.58%
US771902HN68
0.54%
City of New York, 9% 15aug2015, USD
0.52%
US09182TLC98
0.48%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.42%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.41%
US57421CLT98
0.37%
US13034A7F19
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.34%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.32%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.31%
US89602RKE44
0.31%
US19648FJ963
0.31%
Frequently asked questions about TAXE and CGMU
How have the TAXE and CGMU ETFs performed in 2026?
As of October 16, 2026, TAXE is down -0.97% year-to-date (YTD), while CGMU has lost -1.38%. That puts TAXE better performer ahead so far this year.
Which ETF is attracting more investor money: TAXE or CGMU?
Year-to-date, the TAXE ETF saw +$256M in flows, compared to +$2.65B for CGMU.
Which ETF is more volatile: TAXE or CGMU?
Over the past year, TAXE had a volatility of 2.78%, while CGMU experienced 2.74%.
Which ETF is bigger: TAXE or CGMU?
As of October 16, 2026, TAXE holds $359.97 M in assets under management (AUM), while CGMU manages $7.20 B.
What sectors do the TAXE and CGMU ETFs invest in?
TAXE leans toward sectors like Municipal. Meanwhile, CGMU focuses on Municipal.
What are the top holdings of the TAXE ETF and CGMU ETF?
TAXE top holdings include 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). CGMU holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026).
Which ETF is more diversified: TAXE or CGMU?
TAXE holds 612 securities with 11.04% of its assets in the top 15. CGMU has 2314 securities and a top 15 weight of 6.67%.
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