TAXSvsBMOPETF Comparison
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Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) and BNY Mellon Municipal Opportunities ETF (BMOP) belong to the same industry segment: Municipal Bonds. TAXS's top 1 sector exposures are Municipal. In contrast, BMOP's top sector exposures are Municipal, Sovereign and Industrials. TAXS is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.54% for BMOP. Run a side-by-side ETF comparison of TAXS and BMOP 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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TAXS vs BMOP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXS BMOP | +1.24%+0.67% | +0.55%-1.97% | +1.36%n/a | +2.30%n/a | n/an/a | n/an/a |
| Flows | TAXS BMOP | +$41M-$161M | +$29M-$148M | +$120M- | +$183M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXS BMOP | +2.01%+5.21% | +1.26%n/a | n/an/a | n/an/a |
| Max drawdown | TAXS BMOP | -1.97%-5.67% | -1.97%n/a | n/an/a | n/an/a |
| Max drawdown duration | TAXS BMOP | 59d71d | 59dn/a | n/an/a | n/an/a |
Trading data
TAXS | BMOP | |
Last sale 10/26/2026 at 1:30 PM | $50.06 | $23.98 |
| Previous close 10/23/2026 | $49.95 | $23.92 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 27, 2026
1-year trailing difference
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BMOP
is actively managed and doesn’t replicate an indexTAXS | BMOP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
TAXS | BMOP | |
|---|---|---|
| Last price | $50.06 | $23.98 |
| 1D performance | +0.21% | +0.25% |
| AuM | $190.87 M | $1.55 B |
| E/R | 0.05% | 0.54% |
Characteristics
TAXS | BMOP | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | BNY Mellon |
| Benchmark | ICE Short Term Focused Municipal Bond Index | - |
| N° of holdings | 782 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
TAXS
USA
42.95%
Other
57.05%
BMOP
USA
42.2%
Other
57.8%
Sectors
TAXS
Municipal
42.95%
Other
57.05%
BMOP
Municipal
41.69%
Other
58.31%
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Diversification
TAXS
Total weight of top 15 holdings out of 15
3.25%
BMOP
Total weight of top 15 holdings out of 15
9.9%
Top 15 holdings
Data as of August 31, 2026
TAXS
US64972GU289
0.54%
US45505MJL19
0.23%
US267169HD59
0.21%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.21%
US254845TN04
0.20%
US938782EQ84
0.20%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.19%
State of Ohio, 5% 15dec2030, USD (2019-1)
0.19%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.18%
Kentucky, 5% 1apr2030, USD
0.18%
US604146GB05
0.18%
US84136JAE91
0.18%
Ohio Water Development Authority, 5% 1dec2029, USD (2019)
0.18%
US39081JGT97
0.18%
US451446AC29
0.18%
BMOP
US45884AF813
0.89%
California Community Choice Financing Authority, 5% 1nov2033, USD (2025F)
0.79%
US052398FE91
0.75%
US745160SG73
0.74%
US575579U623
0.67%
US57421CNT70
0.62%
University of Texas, 5% 1jul2041, USD (2023A)
0.62%
US544532LU62
0.62%
State of Washington, 5% 1aug2040, USD (2024A)
0.61%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.60%
US56035DHT28
0.60%
Tennergy Corp., 5% 1oct2054, USD (2024)
0.60%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.60%
US09182TLC98
0.60%
US896035DL36
0.59%
Frequently asked questions about TAXS and BMOP
Which ETF is bigger: TAXS or BMOP?
As of October 23, 2026, TAXS holds $190.87 M in assets under management (AUM), while BMOP manages $1.55 B.
What sectors do the TAXS and BMOP ETFs invest in?
TAXS leans toward sectors like Municipal. Meanwhile, BMOP focuses on Municipal.
What are the top holdings of the TAXS ETF and BMOP ETF?
TAXS top holdings include US64972GU289, US45505MJL19 and US267169HD59. BMOP holds in its top three: US45884AF813, California Community Choice Financing Authority, 5% 1nov2033, USD (2025F) and US052398FE91.
Which ETF is more diversified: TAXS or BMOP?
TAXS holds 1947 securities with 3.25% of its assets in the top 15. BMOP has 667 securities and a top 15 weight of 9.9%.
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Latest news about TAXS & BMOP
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXS
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