TAXEvsTAXFETF Comparison
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T. Rowe Price Intermediate Municipal Income ETF (TAXE) 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. TAXE is less expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.25% for TAXF. TAXE is down -0.97% year-to-date (YTD) with +$256M in YTD flows. TAXF performs worse with -1.95% YTD performance, and +$186M in YTD flows. Run a side-by-side ETF comparison of TAXE 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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TAXE 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. | TAXE TAXF | +0.07%-0.55% | -2.52%-3.72% | -0.97%-1.95% | -0.14%-1.39% | n/a+13.30% | n/a+1.94% |
| Flows | TAXE TAXF | +$154M+$31M | +$188M+$48M | +$256M+$186M | +$276M+$219M | -+$386M | -+$580M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXE TAXF | +4.49%+5.58% | +2.78%+3.45% | n/a+3.91% | n/a+3.88% |
| Max drawdown | TAXE TAXF | -4.92%-6.15% | -5.51%-6.91% | n/a-6.91% | n/a-13.26% |
| Max drawdown duration | TAXE TAXF | 92d91d | 102d106d | n/a106d | n/a1001d |
Trading data
TAXE | TAXF | |
Last sale 10/20/2026 at 7:09 PM | $49.23 | $47.84 |
| Previous close 10/19/2026 | $49.22 | $47.90 |
| 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 | TAXF | |
|---|---|---|
| Last price | $49.23 | $47.84 |
| 1D performance | +0.03% | -0.14% |
| AuM | $359.97 M | $705.00 M |
| E/R | 0.24% | 0.25% |
Characteristics
TAXE | TAXF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 169 | 244 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 10, 2024 | September 10, 2018 |
| ESG | No | No |
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Exposure
Countries
TAXE
USA
36.28%
Other
63.72%
TAXF
USA
35.49%
Other
64.51%
Sectors
TAXE
Municipal
36.28%
Other
63.72%
TAXF
Municipal
35.49%
Other
64.51%
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Diversification
TAXE
Total weight of top 15 holdings out of 15
11.04%
TAXF
Total weight of top 15 holdings out of 15
8.47%
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%
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 TAXE and TAXF
How have the TAXE and TAXF ETFs performed in 2026?
As of October 16, 2026, TAXE is down -0.97% year-to-date (YTD), while TAXF has lost -1.95%. That puts TAXE better performer ahead so far this year.
Which ETF is attracting more investor money: TAXE or TAXF?
Year-to-date, the TAXE ETF saw +$256M in flows, compared to +$186M for TAXF.
Which ETF is more volatile: TAXE or TAXF?
Over the past year, TAXE had a volatility of 2.78%, while TAXF experienced 3.45%.
Which ETF is bigger: TAXE or TAXF?
As of October 16, 2026, TAXE holds $359.97 M in assets under management (AUM), while TAXF manages $705.00 M.
What sectors do the TAXE and TAXF ETFs invest in?
TAXE leans toward sectors like Municipal. Meanwhile, TAXF focuses on Municipal.
What are the top holdings of the TAXE ETF and TAXF 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). 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: TAXE or TAXF?
TAXE holds 612 securities with 11.04% of its assets in the top 15. TAXF has 792 securities and a top 15 weight of 8.47%.
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