TAXIvsCGMUETF Comparison
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Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) 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. TAXI is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.27% for CGMU. TAXI is down -0.88% year-to-date (YTD) with +$121M in YTD flows. CGMU performs worse with -0.96% YTD performance, and +$2.11B in YTD flows. Run a side-by-side ETF comparison of TAXI 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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TAXI vs CGMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXI CGMU | -1.54%-2.10% | -1.77%-2.33% | -0.88%-0.96% | +0.96%+0.82% | n/a+11.90% | n/an/a |
| Flows | TAXI CGMU | +$3M+$289M | +$54M+$747M | +$121M+$2.11B | +$164M+$2.87B | -+$6.61B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXI CGMU | +2.10%+2.66% | +1.75%+2.15% | n/a+3.10% | n/an/a |
| Max drawdown | TAXI CGMU | -2.27%-2.91% | -2.64%-3.17% | n/a-4.07% | n/an/a |
| Max drawdown duration | TAXI CGMU | 67d66d | 194d193d | n/a174d | n/an/a |
Trading data
TAXI | CGMU | |
Last sale 9/11/2026 at 1:30 PM | $49.86 | $26.56 |
| Previous close 09/10/2026 | $49.90 | $26.48 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 12, 2026
1-year trailing difference
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CGMU
is actively managed and doesn’t replicate an indexTAXI | CGMU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
TAXI | CGMU | |
|---|---|---|
| Last price | $49.86 | $26.56 |
| 1D performance | -0.09% | +0.30% |
| AuM | $168.52 M | $6.70 B |
| E/R | 0.05% | 0.27% |
Characteristics
TAXI | CGMU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Capital Group |
| Benchmark | ICE Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 929 | 630 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | October 25, 2022 |
| ESG | No | No |
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Exposure
Countries
TAXI
USA
39.41%
Other
60.59%
CGMU
USA
40.18%
Other
59.82%
Sectors
TAXI
Municipal
39.41%
Other
60.59%
CGMU
Municipal
40.18%
Other
59.82%
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Diversification
TAXI
Total weight of top 15 holdings out of 15
2.53%
CGMU
Total weight of top 15 holdings out of 15
6.97%
Top 15 holdings
Data as of July 31, 2026
TAXI
US64972GU289
0.30%
US56879EHE23
0.17%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.16%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.16%
State of Washington, 5% 1jun2040, USD (2026F)
0.16%
US49151HBK14
0.16%
US64972JB721
0.16%
US79467BKE47
0.16%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.16%
US09182TJE82
0.16%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.16%
US13013JGF75
0.16%
US915183Z598
0.15%
US09182TCG04
0.15%
US292723AY90
0.15%
CGMU
Puerto Rico, FRN 1nov2043, USD
0.80%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.67%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.56%
City of New York, 9% 15aug2015, USD
0.54%
Black Belt Energy Gas District, 5.25% 1jun2036, USD (2026)
0.51%
New York Municipal Water Finance Authority, FRN 15jun2050, USD
0.46%
US6133408D38
0.44%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.43%
Black Belt Energy Gas District, 5% 1jul2033, USD (2026)
0.42%
US57421CLT98
0.39%
US13034A7F19
0.38%
US89602RKE44
0.36%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.35%
Puerto Rico, FRN 1nov2051, USD
0.33%
New Jersey Health Care Facilities Financing Authority, 5% 1jul2029, USD (2026A)
0.33%
Frequently asked questions about TAXI and CGMU
How have the TAXI and CGMU ETFs performed in 2026?
As of September 11, 2026, TAXI is down -0.88% year-to-date (YTD), while CGMU has lost -0.96%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: TAXI or CGMU?
Year-to-date, the TAXI ETF saw +$121M in flows, compared to +$2.11B for CGMU.
Which ETF is more volatile: TAXI or CGMU?
Over the past year, TAXI had a volatility of 1.75%, while CGMU experienced 2.15%.
Which ETF is bigger: TAXI or CGMU?
As of September 11, 2026, TAXI holds $168.52 M in assets under management (AUM), while CGMU manages $6.70 B.
What sectors do the TAXI and CGMU ETFs invest in?
TAXI leans toward sectors like Municipal. Meanwhile, CGMU focuses on Municipal.
What are the top holdings of the TAXI ETF and CGMU ETF?
TAXI top holdings include US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1). CGMU holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023).
Which ETF is more diversified: TAXI or CGMU?
TAXI holds 2530 securities with 2.53% of its assets in the top 15. CGMU has 2218 securities and a top 15 weight of 6.97%.
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Latest news about TAXI & CGMU
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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