TAXFvsSTAXETF Comparison
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American Century Diversified Municipal Bond ETF (TAXF) and Nomura Tax-Free USA Short Term ETF (STAX) 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 0.29% for STAX. TAXF is up 0.1% year-to-date (YTD) with +$143M in YTD flows. STAX performs better with 1.23% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of TAXF and STAX 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 STAX 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 STAX | -0.79%+0.04% | -1.55%+0.15% | +0.10%+1.23% | +4.52%+2.08% | +11.22%n/a | +3.20%n/a |
| Flows | TAXF STAX | +$5M-$2M | +$38M+$5M | +$143M+$6M | +$193M+$6M | +$348M- | +$554M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXF STAX | +2.75%+1.07% | +2.59%+0.99% | +3.77%n/a | +3.72%n/a |
| Max drawdown | TAXF STAX | -2.50%-0.63% | -2.70%-1.05% | -5.30%n/a | -13.26%n/a |
| Max drawdown duration | TAXF STAX | 58d56d | 114d106d | 275dn/a | 1001dn/a |
Trading data
TAXF | STAX | |
Last sale 9/2/2026 at 3:51 PM | $49.38 | $25.17 |
| Previous close 09/01/2026 | $49.33 | $25.21 |
| 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 3:51 PM
Live
Closed
TAXF | STAX | |
|---|---|---|
| Last price | $49.38 | $25.17 |
| 1D performance | +0.10% | -0.14% |
| AuM | $680.13 M | $11.34 M |
| E/R | 0.25% | 0.29% |
Characteristics
TAXF | STAX | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Nomura |
| Benchmark | - | - |
| N° of holdings | 253 | 36 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2018 | November 28, 2023 |
| ESG | No | No |
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Exposure
Countries
TAXF
USA
37.04%
Other
62.96%
STAX
USA
37.04%
Other
62.96%
Sectors
TAXF
Municipal
37.04%
Other
62.96%
STAX
Municipal
37.04%
Other
62.96%
Diversification
TAXF
Total weight of top 15 holdings out of 15
8.47%
STAX
Total weight of top 15 holdings out of 15
26.01%
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%
STAX
Chicago, 5% 1nov2026, USD (2004)
2.43%
US68608JXF38
2.27%
US650116FF84
2.05%
US4521525L18
1.98%
US85236DAK46
1.82%
US882724JZ14
1.66%
US48504NCT46
1.60%
New Jersey, 5% 1jun2029, USD
1.60%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2029, USD (2018A)
1.56%
New York Transportation Development Corp., 5% 1jan2028, USD (2018)
1.55%
US472682YZ07
1.53%
US54877EAC03
1.50%
US73358XNJ71
1.49%
US60374VEX73
1.49%
New York Metropolitan Transportation Authority, 5% 15nov2030, USD (2017D)
1.48%
Frequently asked questions about TAXF and STAX
How have the TAXF and STAX ETFs performed in 2026?
As of September 1, 2026, TAXF is up 0.1% year-to-date (YTD), while STAX has returned 1.23%. That puts STAX better performer ahead so far this year.
Which ETF is attracting more investor money: TAXF or STAX?
Year-to-date, the TAXF ETF saw +$143M in flows, compared to +$6M for STAX.
Which ETF is more volatile: TAXF or STAX?
Over the past year, TAXF had a volatility of 2.59%, while STAX experienced 0.99%.
Which ETF is bigger: TAXF or STAX?
As of September 1, 2026, TAXF holds $680.13 M in assets under management (AUM), while STAX manages $11.34 M.
What sectors do the TAXF and STAX ETFs invest in?
TAXF leans toward sectors like Municipal. Meanwhile, STAX focuses on Municipal.
What are the top holdings of the TAXF ETF and STAX 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). STAX holds in its top three: Chicago, 5% 1nov2026, USD (2004), US68608JXF38 and US650116FF84.
Which ETF is more diversified: TAXF or STAX?
TAXF holds 785 securities with 8.47% of its assets in the top 15. STAX has 92 securities and a top 15 weight of 26.01%.
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