TAXMvsPVIETF Comparison
ETF 1
TAXM
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
This fund is part of
US Aggregate Bonds
+0.69%
VS
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) belongs to the US Aggregate Bonds segment. Invesco VRDO Tax-Free ETF (PVI) is part of the Municipal Bonds segment. TAXM's top 3 sector exposures are Municipal, Finance and Industrials. In contrast, PVI's top sector exposures are Municipal. TAXM is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.25% for PVI. TAXM is down -1.42% year-to-date (YTD) with +$22M in YTD flows. PVI performs better with 1.57% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of TAXM and PVI 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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TAXM vs PVI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXM PVI | +0.31%+0.19% | -2.02%+0.56% | -1.42%+1.57% | -1.14%+2.07% | n/a+7.45% | n/a+10.55% |
| Flows | TAXM PVI | -$2M+$5M | +$4M+$4M | +$22M+$5M | +$28M+$4M | --$7M | --$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXM PVI | +5.10%+0.09% | +3.12%+0.15% | n/a+0.13% | n/a+0.14% |
| Max drawdown | TAXM PVI | -5.43%n/a | -6.38%n/a | n/an/a | n/a-0.06% |
| Max drawdown duration | TAXM PVI | 70dn/a | 235dn/a | n/an/a | n/a221d |
Trading data
TAXM | PVI | |
Last sale 10/23/2026 at 1:30 PM | $48.43 | $24.84 |
| Previous close 10/22/2026 | $48.34 | $24.86 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 24, 2026
1-year trailing difference
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TAXM
is actively managed and doesn’t replicate an indexTAXM | PVI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
TAXM | PVI | |
|---|---|---|
| Last price | $48.43 | $24.84 |
| 1D performance | +0.19% | -0.08% |
| AuM | $40.55 M | $35.97 M |
| E/R | 0.35% | 0.25% |
Characteristics
TAXM | PVI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Bondbloxx Investment Management LLC | Invesco |
| Benchmark | - | ICE US Municipal AMT-Free VRDO Constrained Index |
| N° of holdings | 73 | 45 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 12, 2025 | November 15, 2007 |
| ESG | No | No |
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Exposure
Countries
TAXM
USA
35.34%
Other
64.66%
PVI
USA
37.15%
Other
62.85%
Sectors
TAXM
Municipal
31.77%
Other
68.23%
PVI
Municipal
37.15%
Other
62.85%
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Diversification
TAXM
Total weight of top 15 holdings out of 15
26.22%
PVI
Total weight of top 15 holdings out of 15
33.14%
Top 15 holdings
Data as of August 31, 2026
TAXM
US57584YR272
2.14%
US575896A219
2.04%
US259028AL21
1.95%
US391712BH85
1.90%
US657339Z838
1.88%
US57563CER97
1.86%
US74441XJU46
1.83%
US84136JAG40
1.81%
US57585BGQ59
1.73%
Broward School Board, 5% 1jul2033, USD (2020A)
1.68%
US642170WK60
1.64%
Massachusetts Bay Transportation Authority, 5% 1jul2052, USD
1.55%
US57585BKT43
1.45%
Colorado Housing and Finance Authority, 3% 1may2048, USD (2026)
1.41%
University of Massachusetts Building Authority, 5% 1nov2052, USD (2022-1)
1.36%
PVI
US64972GAS30
4.45%
US64966TAF12
3.88%
Texas, FRN 1jun2046, USD (2015B)
2.95%
US20775HDU41
2.28%
New York Transitional Finance Authority, FRN 1nov2036, USD
2.27%
Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)
2.27%
US45200FFS39
2.17%
New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)
1.94%
US44244CN944
1.62%
US405815HE45
1.62%
Texas State University, FRN 1aug2039, USD (2008B)
1.62%
West Palm Beach, FRN 1oct2038, USD (2008C)
1.62%
US072024YE64
1.62%
City of New York, 0% 15sep2006, USD (2029-SER, 2738D)
1.55%
New York Transitional Finance Authority, FRN 1aug2042, USD
1.30%
Frequently asked questions about TAXM and PVI
How have the TAXM and PVI ETFs performed in 2026?
As of October 22, 2026, TAXM is down -1.42% year-to-date (YTD), while PVI has returned 1.57%. That puts PVI better performer ahead so far this year.
Which ETF is attracting more investor money: TAXM or PVI?
Year-to-date, the TAXM ETF saw +$22M in flows, compared to +$5M for PVI.
Which ETF is more volatile: TAXM or PVI?
Over the past year, TAXM had a volatility of 3.12%, while PVI experienced 0.15%.
Which ETF is bigger: TAXM or PVI?
As of October 22, 2026, TAXM holds $40.55 M in assets under management (AUM), while PVI manages $35.97 M.
What sectors do the TAXM and PVI ETFs invest in?
TAXM leans toward sectors like Municipal. Meanwhile, PVI focuses on Municipal.
What are the top holdings of the TAXM ETF and PVI ETF?
TAXM top holdings include US57584YR272, US575896A219 and US259028AL21. PVI holds in its top three: US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B).
Which ETF is more diversified: TAXM or PVI?
TAXM holds 159 securities with 26.22% of its assets in the top 15. PVI has 150 securities and a top 15 weight of 33.14%.
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