TAXFvsINTMETF Comparison
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American Century Diversified Municipal Bond ETF (TAXF) and Invesco Intermediate Municipal ETF (INTM) 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 0.35% for INTM. TAXF is up 0.1% year-to-date (YTD) with +$143M in YTD flows. INTM performs worse with -1.79% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of TAXF and INTM 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 INTM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXF INTM | -0.79%-0.78% | -1.55%-1.79% | +0.10%-1.79% | +4.52%+2.12% | +11.22%n/a | +3.20%n/a |
| Flows | TAXF INTM | +$5M+$1M | +$38M+$2M | +$143M+$12M | +$193M+$88M | +$348M- | +$554M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXF INTM | +2.75%+2.27% | +2.59%+2.18% | +3.77%n/a | +3.72%n/a |
| Max drawdown | TAXF INTM | -2.50%-2.48% | -2.70%-3.28% | -5.30%n/a | -13.26%n/a |
| Max drawdown duration | TAXF INTM | 58d57d | 114d184d | 275dn/a | 1001dn/a |
Trading data
TAXF | INTM | |
Last sale 9/2/2026 at 1:30 PM | $49.31 | $50.93 |
| Previous close 09/01/2026 | $49.33 | $50.97 |
| Consolidated volume 09/01/2026 | ||
| 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
TAXF | INTM | |
|---|---|---|
| Last price | $49.31 | $50.93 |
| 1D performance | -0.05% | -0.09% |
| AuM | $680.13 M | $101.30 M |
| E/R | 0.25% | 0.35% |
Characteristics
TAXF | INTM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Invesco |
| Benchmark | - | - |
| N° of holdings | 253 | 58 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2018 | July 23, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXF
USA
37.04%
Other
62.96%
INTM
USA
38.54%
Other
61.46%
Sectors
TAXF
Municipal
37.04%
Other
62.96%
INTM
Municipal
38.54%
Other
61.46%
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Diversification
TAXF
Total weight of top 15 holdings out of 15
8.47%
INTM
Total weight of top 15 holdings out of 15
22.56%
Top 15 holdings
Data as of July 31, 2026
TAXF
US74442PN840
0.89%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.87%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.57%
US646080ZU81
0.57%
US452252RA98
0.55%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
US681725PH47
0.47%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.46%
US74439YBD22
0.44%
US292723AY90
0.42%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
New York Transitional Finance Authority, 5.5% 1nov2054, USD (2026)
0.39%
INTM
US55374SAH31
1.79%
Tulsa Municipal Airport Trust, 6.25% 1dec2035, USD (2025)
1.70%
US71783TAK60
1.65%
US64763HMN25
1.59%
Wisconsin Health and Educational Facilities Authority, 5% 1dec2041, USD (2026A)
1.59%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.58%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.56%
US137288HP49
1.53%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
1.50%
Puerto Rico, 4% 1jul2041, USD
1.42%
Cape Coral, 4% 1oct2042, USD (2017)
1.42%
US13013JCM62
1.34%
New York Transportation Development Corp., 5.25% 1aug2031, USD (2020)
1.33%
US20775DX231
1.33%
Colorado Health Facilities Authority, 4% 1aug2039, USD (2019A-1)
1.25%
Frequently asked questions about TAXF and INTM
How have the TAXF and INTM ETFs performed in 2026?
As of September 1, 2026, TAXF is up 0.1% year-to-date (YTD), while INTM has lost -1.79%. That puts TAXF better performer ahead so far this year.
Which ETF is attracting more investor money: TAXF or INTM?
Year-to-date, the TAXF ETF saw +$143M in flows, compared to +$12M for INTM.
Which ETF is more volatile: TAXF or INTM?
Over the past year, TAXF had a volatility of 2.59%, while INTM experienced 2.18%.
Which ETF is bigger: TAXF or INTM?
As of September 1, 2026, TAXF holds $680.13 M in assets under management (AUM), while INTM manages $101.30 M.
What sectors do the TAXF and INTM ETFs invest in?
TAXF leans toward sectors like Municipal. Meanwhile, INTM focuses on Municipal.
What are the top holdings of the TAXF ETF and INTM 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). INTM holds in its top three: US55374SAH31, Tulsa Municipal Airport Trust, 6.25% 1dec2035, USD (2025) and US71783TAK60.
Which ETF is more diversified: TAXF or INTM?
TAXF holds 785 securities with 8.47% of its assets in the top 15. INTM has 172 securities and a top 15 weight of 22.56%.
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