TAXIvsNUMIETF Comparison
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Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) and Nuveen Municipal Income ETF (NUMI) 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 0.3% for NUMI. TAXI is down -0.88% year-to-date (YTD) with +$121M in YTD flows. NUMI performs worse with -1.73% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of TAXI and NUMI 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 NUMI 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 NUMI | -1.54%-2.62% | -1.77%-3.13% | -0.88%-1.73% | +0.96%+0.92% | n/an/a | n/an/a |
| Flows | TAXI NUMI | +$3M+$2M | +$54M+$6M | +$121M+$21M | +$164M+$23M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXI NUMI | +2.10%+3.04% | +1.75%+2.49% | n/an/a | n/an/a |
| Max drawdown | TAXI NUMI | -2.27%-3.74% | -2.64%-3.78% | n/an/a | n/an/a |
| Max drawdown duration | TAXI NUMI | 67d66d | 194d193d | n/an/a | n/an/a |
Trading data
TAXI | NUMI | |
Last sale 9/11/2026 at 1:30 PM | $49.86 | $24.17 |
| Previous close 09/10/2026 | $49.90 | $24.06 |
| 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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NUMI
is actively managed and doesn’t replicate an indexTAXI | NUMI | |
|---|---|---|
| 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 | NUMI | |
|---|---|---|
| Last price | $49.86 | $24.17 |
| 1D performance | -0.09% | +0.46% |
| AuM | $168.52 M | $83.81 M |
| E/R | 0.05% | 0.3% |
Characteristics
TAXI | NUMI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Nuveen |
| Benchmark | ICE Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 929 | 114 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | January 22, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXI
USA
39.41%
Other
60.59%
NUMI
USA
39.16%
Other
60.84%
Sectors
TAXI
Municipal
39.41%
Other
60.59%
NUMI
Municipal
39.16%
Other
60.84%
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Diversification
TAXI
Total weight of top 15 holdings out of 15
2.53%
NUMI
Total weight of top 15 holdings out of 15
14.66%
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%
NUMI
US005662PL97
1.33%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.32%
US2084186P31
1.05%
US604196BH78
1.04%
US13077DVW90
1.01%
US103627AG07
1.00%
US194740UA26
0.99%
Austin, 5% 15nov2032, USD (2026B)
0.99%
US452227VL26
0.93%
US27627M5S24
0.91%
US60637AJX19
0.91%
North Carolina Capital Facilities Finance Agency, 5% 1jan2036, USD (2026)
0.90%
California, 5% 1sep2043, USD
0.81%
California, 5% 1mar2037, USD
0.76%
US972369SG80
0.71%
Frequently asked questions about TAXI and NUMI
How have the TAXI and NUMI ETFs performed in 2026?
As of September 11, 2026, TAXI is down -0.88% year-to-date (YTD), while NUMI has lost -1.73%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: TAXI or NUMI?
Year-to-date, the TAXI ETF saw +$121M in flows, compared to +$21M for NUMI.
Which ETF is more volatile: TAXI or NUMI?
Over the past year, TAXI had a volatility of 1.75%, while NUMI experienced 2.49%.
Which ETF is bigger: TAXI or NUMI?
As of September 11, 2026, TAXI holds $168.52 M in assets under management (AUM), while NUMI manages $83.81 M.
What sectors do the TAXI and NUMI ETFs invest in?
TAXI leans toward sectors like Municipal. Meanwhile, NUMI focuses on Municipal.
What are the top holdings of the TAXI ETF and NUMI ETF?
TAXI top holdings include US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1). NUMI holds in its top three: US005662PL97, Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026) and US2084186P31.
Which ETF is more diversified: TAXI or NUMI?
TAXI holds 2530 securities with 2.53% of its assets in the top 15. NUMI has 277 securities and a top 15 weight of 14.66%.
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Latest news about TAXI & NUMI
Is high yield high risk?
April 24, 2026
NUMI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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