TAXFvsCGMUETF Comparison
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American Century Diversified Municipal Bond ETF (TAXF) 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. TAXF is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.27% for CGMU. TAXF is down -1.87% year-to-date (YTD) with +$186M in YTD flows. CGMU performs better with -1.36% YTD performance, and +$2.64B in YTD flows. Run a side-by-side ETF comparison of TAXF 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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TAXF 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. | TAXF CGMU | -0.40%-0.28% | -3.76%-2.91% | -1.87%-1.36% | -1.18%-0.49% | +11.92%+13.41% | +1.98%n/a |
| Flows | TAXF CGMU | +$40M+$514M | +$63M+$1.03B | +$186M+$2.64B | +$219M+$3.20B | +$386M+$7.09B | +$580M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXF CGMU | +5.54%+4.29% | +3.44%+2.74% | +3.93%+3.16% | +3.88%n/a |
| Max drawdown | TAXF CGMU | -6.26%-5.06% | -6.91%-5.69% | -6.91%-5.69% | -13.26%n/a |
| Max drawdown duration | TAXF CGMU | 92d92d | 103d228d | 103d228d | 1001dn/a |
Trading data
TAXF | CGMU | |
Last sale 10/16/2026 at 1:30 PM | $47.83 | $26.36 |
| Previous close 10/15/2026 | $47.87 | $26.35 |
| Consolidated volume 10/15/2026 | ||
| 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
TAXF | CGMU | |
|---|---|---|
| Last price | $47.83 | $26.36 |
| 1D performance | -0.08% | +0.04% |
| AuM | $705.56 M | $7.19 B |
| E/R | 0.25% | 0.27% |
Characteristics
TAXF | CGMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Capital Group |
| Benchmark | - | - |
| N° of holdings | 244 | 639 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2018 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
TAXF
USA
35.49%
Other
64.51%
CGMU
USA
38.11%
Other
61.89%
Sectors
TAXF
Municipal
35.49%
Other
64.51%
CGMU
Municipal
38.11%
Other
61.89%
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Diversification
TAXF
Total weight of top 15 holdings out of 15
8.47%
CGMU
Total weight of top 15 holdings out of 15
6.67%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Puerto Rico, FRN 1nov2051, USD
0.31%
US89602RKE44
0.31%
Frequently asked questions about TAXF and CGMU
How have the TAXF and CGMU ETFs performed in 2026?
As of October 16, 2026, TAXF is down -1.87% year-to-date (YTD), while CGMU has lost -1.36%. That puts CGMU better performer ahead so far this year.
Which ETF is attracting more investor money: TAXF or CGMU?
Year-to-date, the TAXF ETF saw +$186M in flows, compared to +$2.64B for CGMU.
Which ETF is more volatile: TAXF or CGMU?
Over the past year, TAXF had a volatility of 3.44%, while CGMU experienced 2.74%.
Which ETF is bigger: TAXF or CGMU?
As of October 16, 2026, TAXF holds $705.56 M in assets under management (AUM), while CGMU manages $7.19 B.
What sectors do the TAXF and CGMU ETFs invest in?
TAXF leans toward sectors like Municipal. Meanwhile, CGMU focuses on Municipal.
What are the top holdings of the TAXF ETF and CGMU ETF?
TAXF top holdings include US74442PN840, Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3) and Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A). 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: TAXF or CGMU?
TAXF holds 792 securities with 8.47% of its assets in the top 15. CGMU has 2314 securities and a top 15 weight of 6.67%.
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