TAXSvsCAMETF Comparison
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Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) and AB California Intermediate Municipal ETF (CAM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXS is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.27% for CAM. TAXS is up 1.36% year-to-date (YTD) with +$120M in YTD flows. CAM performs worse with -0.17% YTD performance, and +$127M in YTD flows. Run a side-by-side ETF comparison of TAXS and CAM 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 CAM 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 CAM | +1.24%+0.42% | +0.55%-1.03% | +1.36%-0.17% | +2.30%+0.22% | n/an/a | n/an/a |
| Flows | TAXS CAM | +$41M+$21M | +$29M+$27M | +$120M+$127M | +$183M+$146M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXS CAM | +2.01%+3.54% | +1.26%+2.23% | n/an/a | n/an/a |
| Max drawdown | TAXS CAM | -1.97%-3.68% | -1.97%-4.26% | n/an/a | n/an/a |
| Max drawdown duration | TAXS CAM | 59d70d | 59d235d | n/an/a | n/an/a |
Trading data
TAXS | CAM | |
Last sale 10/23/2026 at 7:59 PM | $49.95 | $24.56 |
| Previous close 10/23/2026 | $49.88 | $24.50 |
| 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 26, 2026
1-year trailing difference
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CAM
is actively managed and doesn’t replicate an indexTAXS | CAM | |
|---|---|---|
| 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 7:59 PM
Live
Closed
TAXS | CAM | |
|---|---|---|
| Last price | $49.95 | $24.56 |
| 1D performance | +0.14% | +0.24% |
| AuM | $190.87 M | $1.21 B |
| E/R | 0.05% | 0.27% |
Characteristics
TAXS | CAM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | AllianceBernstein |
| Benchmark | ICE Short Term Focused Municipal Bond Index | - |
| N° of holdings | 782 | 138 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | October 3, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXS
USA
42.95%
Other
57.05%
CAM
USA
42.69%
Other
57.31%
Sectors
TAXS
Municipal
42.95%
Other
57.05%
CAM
Municipal
42.69%
Other
57.31%
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Diversification
TAXS
Total weight of top 15 holdings out of 15
3.25%
CAM
Total weight of top 15 holdings out of 15
22.47%
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%
CAM
City of Los Angeles, 5% 24jun2027, USD (2026)
3.35%
City of San Diego, 5% 30jun2027, USD (2026)
2.93%
US544657JD25
2.51%
US13013JCM62
1.46%
US13013JDB98
1.43%
US13034A7F19
1.33%
California Community Choice Financing Authority, 5% 1jan2056, USD (2024H)
1.25%
US79766DWM72
1.16%
US544446BT39
1.14%
Bay Area Toll Authority, 3.54% 1apr2056, USD (2021)
1.09%
California Community Choice Financing Authority, 5% 1nov2055, USD (2024G)
1.08%
US769110DA28
1.03%
San Francisco Airport Commission, 5% 1may2034, USD (2019A)
0.94%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.88%
US79739GRG37
0.88%
Frequently asked questions about TAXS and CAM
How have the TAXS and CAM ETFs performed in 2026?
As of October 23, 2026, TAXS is up 1.36% year-to-date (YTD), while CAM has lost -0.17%. That puts TAXS better performer ahead so far this year.
Which ETF is attracting more investor money: TAXS or CAM?
Year-to-date, the TAXS ETF saw +$120M in flows, compared to +$127M for CAM.
Which ETF is more volatile: TAXS or CAM?
Over the past year, TAXS had a volatility of 1.26%, while CAM experienced 2.23%.
Which ETF is bigger: TAXS or CAM?
As of October 23, 2026, TAXS holds $190.87 M in assets under management (AUM), while CAM manages $1.21 B.
What sectors do the TAXS and CAM ETFs invest in?
TAXS leans toward sectors like Municipal. Meanwhile, CAM focuses on Municipal.
What are the top holdings of the TAXS ETF and CAM ETF?
TAXS top holdings include US64972GU289, US45505MJL19 and US267169HD59. CAM holds in its top three: City of Los Angeles, 5% 24jun2027, USD (2026), City of San Diego, 5% 30jun2027, USD (2026) and US544657JD25.
Which ETF is more diversified: TAXS or CAM?
TAXS holds 1947 securities with 3.25% of its assets in the top 15. CAM has 419 securities and a top 15 weight of 22.47%.
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Latest news about TAXS & CAM
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXS
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