TAXIvsINTMETF Comparison
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Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) and Invesco Intermediate Municipal ETF (INTM) 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 0.35% for INTM. TAXI is down -0.97% year-to-date (YTD) with +$121M in YTD flows. INTM performs worse with -2.83% YTD performance, and +$12M in YTD flows. Run a side-by-side ETF comparison of TAXI 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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TAXI vs INTM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXI INTM | -1.62%-2.36% | -1.87%-2.92% | -0.97%-2.83% | +1.08%-0.22% | n/an/a | n/an/a |
| Flows | TAXI INTM | +$3M+$1M | +$54M+$2M | +$121M+$12M | +$164M+$88M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXI INTM | +2.09%+2.68% | +1.76%+2.25% | n/an/a | n/an/a |
| Max drawdown | TAXI INTM | -2.27%-3.51% | -2.64%-4.31% | n/an/a | n/an/a |
| Max drawdown duration | TAXI INTM | 66d66d | 193d193d | n/an/a | n/an/a |
Trading data
TAXI | INTM | |
Last sale 9/11/2026 at 1:30 PM | $49.86 | $50.63 |
| Previous close 09/10/2026 | $49.90 | $50.46 |
| 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 11, 2026
1-year trailing difference
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INTM
is actively managed and doesn’t replicate an indexTAXI | INTM | |
|---|---|---|
| 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 | INTM | |
|---|---|---|
| Last price | $49.86 | $50.63 |
| 1D performance | -0.09% | +0.35% |
| AuM | $168.38 M | $100.23 M |
| E/R | 0.05% | 0.35% |
Characteristics
TAXI | INTM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Invesco |
| Benchmark | ICE Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 929 | 58 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | July 23, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXI
USA
39.41%
Other
60.59%
INTM
USA
38.54%
Other
61.46%
Sectors
TAXI
Municipal
39.41%
Other
60.59%
INTM
Municipal
38.54%
Other
61.46%
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Diversification
TAXI
Total weight of top 15 holdings out of 15
2.53%
INTM
Total weight of top 15 holdings out of 15
22.56%
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%
INTM
US55374SAH31
1.79%
Tulsa Municipal Airport Trust, 6.25% 1dec2035, USD (2025)
1.70%
US71783TAK60
1.65%
Wisconsin Health and Educational Facilities Authority, 5% 1dec2041, USD (2026A)
1.59%
US64763HMN25
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 TAXI and INTM
How have the TAXI and INTM ETFs performed in 2026?
As of September 10, 2026, TAXI is down -0.97% year-to-date (YTD), while INTM has lost -2.83%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: TAXI or INTM?
Year-to-date, the TAXI ETF saw +$121M in flows, compared to +$12M for INTM.
Which ETF is more volatile: TAXI or INTM?
Over the past year, TAXI had a volatility of 1.76%, while INTM experienced 2.25%.
Which ETF is bigger: TAXI or INTM?
As of September 10, 2026, TAXI holds $168.38 M in assets under management (AUM), while INTM manages $100.23 M.
What sectors do the TAXI and INTM ETFs invest in?
TAXI leans toward sectors like Municipal. Meanwhile, INTM focuses on Municipal.
What are the top holdings of the TAXI ETF and INTM ETF?
TAXI top holdings include US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1). INTM holds in its top three: US55374SAH31, Tulsa Municipal Airport Trust, 6.25% 1dec2035, USD (2025) and US71783TAK60.
Which ETF is more diversified: TAXI or INTM?
TAXI holds 2530 securities with 2.53% of its assets in the top 15. INTM has 172 securities and a top 15 weight of 22.56%.
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Latest news about TAXI & INTM
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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