TAXTvsMINOETF Comparison
VS
Northern Trust Tax-Exempt Bond ETF (TAXT) and PIMCO Municipal Income Opportunities Active ETF (MINO) belong to the same industry segment: Municipal Bonds. TAXT's top 1 sector exposures are Municipal. In contrast, MINO's top sector exposures are Municipal and Sovereign. TAXT is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.49% for MINO. TAXT is up 0.76% year-to-date (YTD) with +$163M in YTD flows. MINO performs worse with -0.94% YTD performance, and +$499M in YTD flows. Run a side-by-side ETF comparison of TAXT and MINO 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
TAXT vs MINO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXT MINO | +2.63%+1.20% | +0.34%-1.58% | +0.76%-0.94% | +1.28%-0.73% | n/a+16.17% | n/a+3.74% |
| Flows | TAXT MINO | +$110M+$183M | +$127M+$231M | +$163M+$499M | +$173M+$578M | -+$871M | -+$923M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXT MINO | +4.93%+5.76% | +3.03%+3.51% | n/a+3.98% | n/a+4.09% |
| Max drawdown | TAXT MINO | -4.92%-6.08% | -5.64%-6.92% | n/a-6.92% | n/a-16.36% |
| Max drawdown duration | TAXT MINO | 71d71d | 109d110d | n/a110d | n/a1006d |
Trading data
TAXT | MINO | |
Last sale 10/23/2026 at 1:30 PM | $50.53 | $43.71 |
| Previous close 10/22/2026 | $50.47 | $43.66 |
| 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 25, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MINO
is actively managed and doesn’t replicate an indexTAXT | MINO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
TAXT | MINO | |
|---|---|---|
| Last price | $50.53 | $43.71 |
| 1D performance | +0.12% | +0.11% |
| AuM | $189.04 M | $940.57 M |
| E/R | 0.05% | 0.49% |
Characteristics
TAXT | MINO | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | PIMCO |
| Benchmark | ICE All Maturity Focused Municipal Bond Index | - |
| N° of holdings | 573 | 116 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | September 8, 2021 |
| ESG | No | No |
Advertisement
Exposure
Countries
TAXT
USA
44.71%
Other
55.29%
MINO
USA
46.28%
Other
53.72%
Sectors
TAXT
Municipal
44.71%
Other
55.29%
MINO
Municipal
44.65%
Other
55.35%
Advertisement
Diversification
TAXT
Total weight of top 15 holdings out of 15
4.41%
MINO
Total weight of top 15 holdings out of 15
17.47%
Top 15 holdings
Data as of August 31, 2026
TAXT
University of California, 5% 15may2052, USD (2022)
0.45%
New York Urban Development Corp., 5% 15mar2042, USD (2017C)
0.43%
New York Thruway Authority, 5% 15mar2049, USD
0.42%
US79771FLJ48
0.32%
US13077DUQ32
0.31%
US181000TQ31
0.27%
US84136HCT86
0.27%
Triborough Bridge and Tunnel Authority, 5% 15may2052, USD
0.25%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.25%
Indianapolis Local Public Improvement Bond Bank, 5% 1feb2033, USD
0.24%
Metropolitan Atlanta Rapid Transit Authority, 3.25% 1jul2039, USD (2017C)
0.24%
City of New York, 5.25% 1feb2053, USD (2026)
0.24%
South Dakota Conservancy District, 5% 1aug2056, USD (2026B)
0.24%
Virginia Public Building Authority, 5% 1aug2033, USD (2020A)
0.23%
US250375NB42
0.23%
MINO
US20775DTS17
1.90%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
1.63%
Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)
1.49%
New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)
1.27%
US544446BA48
1.22%
US60412AM678
1.05%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.05%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.03%
US882118AS16
1.02%
Black Belt Energy Gas District, 5% 1jan2034, USD (2026)
0.99%
Cuyahoga, 5% 1dec2051, USD (2026)
0.98%
US590545J420
0.98%
US5755793L99
0.97%
Tarrant Cultural Education Facilities Finance Corp., FRN 15nov2063, USD (2026A&B)
0.95%
US45204FAH82
0.95%
Frequently asked questions about TAXT and MINO
How have the TAXT and MINO ETFs performed in 2026?
As of October 23, 2026, TAXT is up 0.76% year-to-date (YTD), while MINO has lost -0.94%. That puts TAXT better performer ahead so far this year.
Which ETF is attracting more investor money: TAXT or MINO?
Year-to-date, the TAXT ETF saw +$163M in flows, compared to +$499M for MINO.
Which ETF is more volatile: TAXT or MINO?
Over the past year, TAXT had a volatility of 3.03%, while MINO experienced 3.51%.
Which ETF is bigger: TAXT or MINO?
As of October 23, 2026, TAXT holds $189.04 M in assets under management (AUM), while MINO manages $940.57 M.
What sectors do the TAXT and MINO ETFs invest in?
TAXT leans toward sectors like Municipal. Meanwhile, MINO focuses on Municipal.
What are the top holdings of the TAXT ETF and MINO 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. MINO holds in its top three: US20775DTS17, USA, Notes 4.25% 31jul2028, USD (BE-2028) and Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A).
Which ETF is more diversified: TAXT or MINO?
TAXT holds 1408 securities with 4.41% of its assets in the top 15. MINO has 281 securities and a top 15 weight of 17.47%.
Advertisement
Latest news about TAXT & MINO
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXT
Advertisement
Advertisement
