TAXFvsTAXEETF Comparison
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American Century Diversified Municipal Bond ETF (TAXF) and T. Rowe Price Intermediate Municipal Income ETF (TAXE) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXF is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.24% for TAXE. TAXF is up 0.1% year-to-date (YTD) with +$143M in YTD flows. TAXE performs better with 0.65% YTD performance, and +$97M in YTD flows. Run a side-by-side ETF comparison of TAXF and TAXE 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 TAXE 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 TAXE | -0.79%+0.06% | -1.55%-0.89% | +0.10%+0.65% | +4.52%+4.35% | +11.22%n/a | +3.20%n/a |
| Flows | TAXF TAXE | +$5M+$14M | +$38M+$43M | +$143M+$97M | +$193M+$118M | +$348M- | +$554M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXF TAXE | +2.75%+2.13% | +2.59%+2.05% | +3.77%n/a | +3.72%n/a |
| Max drawdown | TAXF TAXE | -2.50%-1.72% | -2.70%-2.39% | -5.30%n/a | -13.26%n/a |
| Max drawdown duration | TAXF TAXE | 58d56d | 114d122d | 275dn/a | 1001dn/a |
Trading data
TAXF | TAXE | |
Last sale 9/2/2026 at 1:30 PM | $49.31 | $49.94 |
| Previous close 09/01/2026 | $49.33 | $50.03 |
| 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 | TAXE | |
|---|---|---|
| Last price | $49.31 | $49.94 |
| 1D performance | -0.05% | -0.17% |
| AuM | $680.13 M | $202.94 M |
| E/R | 0.25% | 0.24% |
Characteristics
TAXF | TAXE | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | T. Rowe Price |
| Benchmark | - | - |
| N° of holdings | 253 | 163 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2018 | July 10, 2024 |
| ESG | No | No |
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Exposure
Countries
TAXF
USA
37.04%
Other
62.96%
TAXE
USA
35.75%
Other
64.25%
Sectors
TAXF
Municipal
37.04%
Other
62.96%
TAXE
Municipal
35.75%
Other
64.25%
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Diversification
TAXF
Total weight of top 15 holdings out of 15
8.47%
TAXE
Total weight of top 15 holdings out of 15
12.17%
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%
TAXE
US45204FME24
1.90%
US46246K5E87
0.96%
Michigan Finance Authority, 5% 15aug2055, USD (2025B-1)
0.91%
Puerto Rico, 5.75% 1jul2031, USD
0.85%
US45506EQS53
0.83%
US249182LT15
0.81%
Denver, 5% 1dec2029, USD (2018A)
0.79%
Colorado, 6% 15dec2041, USD (2022)
0.72%
US899530AY53
0.72%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.70%
Puerto Rico Sales Tax Financing Corp., 4.55% 1jul2040, USD
0.62%
US64972JNL88
0.61%
US92812XXT44
0.60%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.59%
Black Belt Energy Gas District, 4% 1jun2051, USD (2021A)
0.58%
Frequently asked questions about TAXF and TAXE
How have the TAXF and TAXE ETFs performed in 2026?
As of September 1, 2026, TAXF is up 0.1% year-to-date (YTD), while TAXE has returned 0.65%. That puts TAXE better performer ahead so far this year.
Which ETF is attracting more investor money: TAXF or TAXE?
Year-to-date, the TAXF ETF saw +$143M in flows, compared to +$97M for TAXE.
Which ETF is more volatile: TAXF or TAXE?
Over the past year, TAXF had a volatility of 2.59%, while TAXE experienced 2.05%.
Which ETF is bigger: TAXF or TAXE?
As of September 1, 2026, TAXF holds $680.13 M in assets under management (AUM), while TAXE manages $202.94 M.
What sectors do the TAXF and TAXE ETFs invest in?
TAXF leans toward sectors like Municipal. Meanwhile, TAXE focuses on Municipal.
What are the top holdings of the TAXF ETF and TAXE 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). TAXE holds in its top three: US45204FME24, US46246K5E87 and Michigan Finance Authority, 5% 15aug2055, USD (2025B-1).
Which ETF is more diversified: TAXF or TAXE?
TAXF holds 785 securities with 8.47% of its assets in the top 15. TAXE has 579 securities and a top 15 weight of 12.17%.
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