TAXTvsCGHMETF Comparison
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Northern Trust Tax-Exempt Bond ETF (TAXT) and Capital Group Municipal High-Income ETF (CGHM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXT is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.34% for CGHM. TAXT is up 0.02% year-to-date (YTD) with +$41M in YTD flows. CGHM performs better with 1.03% YTD performance, and +$873M in YTD flows. Run a side-by-side ETF comparison of TAXT and CGHM 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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TAXT vs CGHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXT CGHM | -0.81%-0.76% | -1.57%-1.62% | +0.02%+1.03% | +3.62%+5.99% | n/an/a | n/an/a |
| Flows | TAXT CGHM | +$5M+$115M | +$6M+$296M | +$41M+$873M | +$51M+$1.17B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXT CGHM | +2.13%+2.82% | +2.12%+3.00% | n/an/a | n/an/a |
| Max drawdown | TAXT CGHM | -2.06%-2.50% | -2.28%-2.57% | n/an/a | n/an/a |
| Max drawdown duration | TAXT CGHM | 60d67d | 117d88d | n/an/a | n/an/a |
Trading data
TAXT | CGHM | |
Last sale 9/4/2026 at 1:30 PM | $50.28 | $25.06 |
| Previous close 09/03/2026 | $50.29 | $25.06 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 7, 2026
1-year trailing difference
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CGHM
is actively managed and doesn’t replicate an indexTAXT | CGHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
TAXT | CGHM | |
|---|---|---|
| Last price | $50.28 | $25.06 |
| 1D performance | -0.02% | +0.00% |
| AuM | $64.37 M | $3.30 B |
| E/R | 0.05% | 0.34% |
Characteristics
TAXT | CGHM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Capital Group |
| Benchmark | ICE All Maturity Focused Municipal Bond Index | - |
| N° of holdings | 534 | 853 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | June 25, 2024 |
| ESG | No | No |
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Exposure
Countries
TAXT
USA
45.85%
Other
54.15%
CGHM
USA
46.66%
Other
53.34%
Sectors
TAXT
Municipal
45.85%
Other
54.15%
CGHM
Municipal
46.66%
Other
53.34%
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Diversification
TAXT
Total weight of top 15 holdings out of 15
4.8%
CGHM
Total weight of top 15 holdings out of 15
7.52%
Top 15 holdings
Data as of July 31, 2026
TAXT
University of California, 5% 15may2052, USD (2022)
0.49%
New York Urban Development Corp., 5% 15mar2042, USD (2017C)
0.47%
New York Thruway Authority, 5% 15mar2049, USD
0.46%
US79771FLJ48
0.35%
US13077DUQ32
0.34%
US181000TQ31
0.30%
US84136HCT86
0.30%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.28%
Triborough Bridge and Tunnel Authority, 5% 15may2052, USD
0.27%
Indianapolis Local Public Improvement Bond Bank, 5% 1feb2033, USD
0.26%
South Dakota Conservancy District, 5% 1aug2056, USD (2026B)
0.26%
City of New York, 5.25% 1feb2053, USD (2026)
0.26%
Metropolitan Atlanta Rapid Transit Authority, 3.25% 1jul2039, USD (2017C)
0.26%
US250375NB42
0.26%
Virginia Public Building Authority, 5% 1aug2033, USD (2020A)
0.25%
CGHM
Puerto Rico, FRN 1nov2043, USD
1.10%
Puerto Rico, FRN 1nov2051, USD
0.89%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.62%
US419800PW17
0.51%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.48%
City of New York, 9% 15aug2015, USD
0.48%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.46%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.45%
Puerto Rico Aqueduct and Sewer Authority, 5% 1jul2047, USD (2020A)
0.44%
Mobile Industrial Development Authority, 4.75% 1dec2054, USD (2024B)
0.39%
Capital Trust Agency, 5% 1jul2056, USD (2021A-1)
0.35%
US83703FLR19
0.34%
US45203HAH57
0.34%
Connecticut Health and Educational Facilities Authority, 2.55% 1jul2057, USD (2017C-4)
0.34%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.33%
Frequently asked questions about TAXT and CGHM
How have the TAXT and CGHM ETFs performed in 2026?
As of September 4, 2026, TAXT is up 0.02% year-to-date (YTD), while CGHM has returned 1.03%. That puts CGHM better performer ahead so far this year.
Which ETF is attracting more investor money: TAXT or CGHM?
Year-to-date, the TAXT ETF saw +$41M in flows, compared to +$873M for CGHM.
Which ETF is more volatile: TAXT or CGHM?
Over the past year, TAXT had a volatility of 2.12%, while CGHM experienced 3%.
Which ETF is bigger: TAXT or CGHM?
As of September 4, 2026, TAXT holds $64.37 M in assets under management (AUM), while CGHM manages $3.30 B.
What sectors do the TAXT and CGHM ETFs invest in?
TAXT leans toward sectors like Municipal. Meanwhile, CGHM focuses on Municipal.
What are the top holdings of the TAXT ETF and CGHM ETF?
TAXT top holdings include University of California, 5% 15may2052, USD (2022), New York Urban Development Corp., 5% 15mar2042, USD (2017C) and New York Thruway Authority, 5% 15mar2049, USD. CGHM holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico, FRN 1nov2051, USD and Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD.
Which ETF is more diversified: TAXT or CGHM?
TAXT holds 1297 securities with 4.8% of its assets in the top 15. CGHM has 2582 securities and a top 15 weight of 7.52%.
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Latest news about TAXT & CGHM
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TAXT
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