TAXIvsJMUBETF Comparison
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Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) and JPMorgan Municipal ETF (JMUB) belong to the same industry segment: Municipal Bonds. TAXI's top 1 sector exposures are Municipal. In contrast, JMUB's top sector exposures are Municipal and Sovereign. TAXI is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.18% for JMUB. TAXI is down -0.88% year-to-date (YTD) with +$121M in YTD flows. JMUB performs worse with -1.18% YTD performance, and +$2.23B in YTD flows. Run a side-by-side ETF comparison of TAXI and JMUB 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 JMUB 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 JMUB | -1.54%-2.08% | -1.77%-2.45% | -0.88%-1.18% | +0.96%+0.16% | n/a+9.62% | n/a+2.62% |
| Flows | TAXI JMUB | +$3M+$139M | +$54M+$882M | +$121M+$2.23B | +$164M+$5.04B | -+$8.06B | -+$8.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXI JMUB | +2.10%+2.85% | +1.75%+2.27% | n/a+3.21% | n/a+3.16% |
| Max drawdown | TAXI JMUB | -2.27%-3.21% | -2.64%-3.21% | n/a-4.05% | n/a-11.93% |
| Max drawdown duration | TAXI JMUB | 67d67d | 194d67d | n/a270d | n/a1046d |
Trading data
TAXI | JMUB | |
Last sale 9/11/2026 at 1:30 PM | $49.86 | |
| Previous close 09/10/2026 | $49.90 | |
| 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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JMUB
is actively managed and doesn’t replicate an indexTAXI | JMUB | |
|---|---|---|
| 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 | JMUB | |
|---|---|---|
| Last price | $49.86 | – |
| 1D performance | -0.09% | – |
| AuM | $168.52 M | $8.43 B |
| E/R | 0.05% | 0.18% |
Characteristics
TAXI | JMUB | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | J.P. Morgan Asset Management |
| Benchmark | ICE Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 929 | 604 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | October 29, 2018 |
| ESG | No | No |
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Exposure
Countries
TAXI
USA
39.41%
Other
60.59%
JMUB
USA
40.58%
Other
59.42%
Sectors
TAXI
Municipal
39.41%
Other
60.59%
JMUB
Municipal
39.16%
Other
60.84%
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Diversification
TAXI
Total weight of top 15 holdings out of 15
2.53%
JMUB
Total weight of top 15 holdings out of 15
9.09%
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%
JMUB
USA, Bills 0% 11aug2026, USD (119D)
1.42%
US25477GZQ18
0.74%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.72%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
0.64%
California Health Facilities Financing Authority, 5% 15aug2065, USD (2026B-3)
0.64%
US796242WD34
0.62%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.60%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.58%
US64972JP283
0.52%
US20775DYT35
0.50%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.44%
US917393CY40
0.44%
US542691KA76
0.42%
US09182TEN37
0.40%
US13013JHG40
0.40%
Frequently asked questions about TAXI and JMUB
How have the TAXI and JMUB ETFs performed in 2026?
As of September 11, 2026, TAXI is down -0.88% year-to-date (YTD), while JMUB has lost -1.18%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: TAXI or JMUB?
Year-to-date, the TAXI ETF saw +$121M in flows, compared to +$2.23B for JMUB.
Which ETF is more volatile: TAXI or JMUB?
Over the past year, TAXI had a volatility of 1.75%, while JMUB experienced 2.27%.
Which ETF is bigger: TAXI or JMUB?
As of September 11, 2026, TAXI holds $168.52 M in assets under management (AUM), while JMUB manages $8.43 B.
What sectors do the TAXI and JMUB ETFs invest in?
TAXI leans toward sectors like Municipal. Meanwhile, JMUB focuses on Municipal.
What are the top holdings of the TAXI ETF and JMUB ETF?
TAXI top holdings include US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1). JMUB holds in its top three: USA, Bills 0% 11aug2026, USD (119D), US25477GZQ18 and Black Belt Energy Gas District, 5% 1dec2034, USD (2026).
Which ETF is more diversified: TAXI or JMUB?
TAXI holds 2530 securities with 2.53% of its assets in the top 15. JMUB has 2070 securities and a top 15 weight of 9.09%.
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Latest news about TAXI & JMUB
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
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