TAXSvsGNMAETF Comparison
VS
Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) belongs to the Municipal Bonds segment. iShares GNMA Bond ETF (GNMA) is part of the MBS & ABS segment. TAXS's top 1 sector exposures are Municipal. In contrast, GNMA's top sector exposures are Industrials and Non-Corporate. TAXS is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.11% for GNMA. TAXS is up 1.56% year-to-date (YTD) with +$120M in YTD flows. GNMA performs worse with -0.6% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of TAXS and GNMA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
TAXS vs GNMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXS GNMA | +2.12%+2.31% | +0.59%-1.06% | +1.56%-0.60% | +2.50%-0.59% | n/a+18.28% | n/a+1.42% |
| Flows | TAXS GNMA | +$41M+$2M | +$29M+$16M | +$120M+$44M | +$183M+$78M | -+$102M | -+$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXS GNMA | +2.02%+6.03% | +1.27%+4.60% | n/a+5.52% | n/a+6.57% |
| Max drawdown | TAXS GNMA | -1.97%-4.45% | -1.97%-5.36% | n/a-5.36% | n/a-15.48% |
| Max drawdown duration | TAXS GNMA | 59d63d | 59d240d | n/a240d | n/a1397d |
Trading data
TAXS | GNMA | |
Last sale 10/27/2026 at 1:30 PM | $50.07 | $42.66 |
| Previous close 10/27/2026 | $50.06 | $42.63 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
TAXS | GNMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
TAXS | GNMA | |
|---|---|---|
| Last price | $50.07 | $42.66 |
| 1D performance | +0.02% | +0.07% |
| AuM | $191.24 M | $429.20 M |
| E/R | 0.05% | 0.11% |
Characteristics
TAXS | GNMA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Northern Trust | iShares |
| Benchmark | ICE Short Term Focused Municipal Bond Index | Bloomberg U.S. GNMA Bond Index |
| N° of holdings | 782 | 109 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | February 14, 2012 |
| ESG | No | No |
Advertisement
Exposure
Countries
TAXS
USA
42.95%
Other
57.05%
GNMA
USA
48.8%
Other
51.2%
Sectors
TAXS
Municipal
42.95%
Other
57.05%
GNMA
Industrials
39.92%
Non-Corporate
8.88%
Other
51.2%
Advertisement
Diversification
TAXS
Total weight of top 15 holdings out of 15
3.25%
GNMA
Total weight of top 15 holdings out of 15
33.91%
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%
US842039EX31
0.18%
GNMA
BlackRock Cash Funds - Treasury
8.88%
G2 MA7192, 2% 20feb2051, USD (ABS)
2.59%
US3618N5XQ77
2.51%
G2 MA9360, 4.5% 20dec2053, USD (ABS)
2.42%
US21H0526945
1.97%
US36179WTX64
1.90%
G2 MA8878, 5% 20may2053, USD (ABS)
1.67%
G2 MB0025, 5% 20nov2054, USD (ABS)
1.64%
US36179WJR07
1.62%
G2 MA7880, 2% 20feb2052, USD (ABS)
1.59%
G2 MA8801, 5.5% 20apr2053, USD (ABS)
1.59%
G2 MA6864, 2% 20sep2050, USD (ABS)
1.44%
US36179WLP13
1.40%
US36179WFG87
1.38%
US3617NWEY42
1.32%
Frequently asked questions about TAXS and GNMA
How have the TAXS and GNMA ETFs performed in 2026?
As of October 27, 2026, TAXS is up 1.56% year-to-date (YTD), while GNMA has lost -0.6%. That puts TAXS better performer ahead so far this year.
Which ETF is attracting more investor money: TAXS or GNMA?
Year-to-date, the TAXS ETF saw +$120M in flows, compared to +$44M for GNMA.
Which ETF is more volatile: TAXS or GNMA?
Over the past year, TAXS had a volatility of 1.27%, while GNMA experienced 4.6%.
Which ETF is bigger: TAXS or GNMA?
As of October 27, 2026, TAXS holds $191.24 M in assets under management (AUM), while GNMA manages $429.20 M.
What sectors do the TAXS and GNMA ETFs invest in?
TAXS leans toward sectors like Municipal. Meanwhile, GNMA focuses on Industrials and Non-Corporate.
What are the top holdings of the TAXS ETF and GNMA ETF?
TAXS top holdings include US64972GU289, US45505MJL19 and US267169HD59. GNMA holds in its top three: BlackRock Cash Funds - Treasury, G2 MA7192, 2% 20feb2051, USD (ABS) and US3618N5XQ77.
Which ETF is more diversified: TAXS or GNMA?
TAXS holds 1947 securities with 3.25% of its assets in the top 15. GNMA has 355 securities and a top 15 weight of 33.91%.
Advertisement
Latest news about TAXS & GNMA
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXS
Advertisement
Advertisement
