TAXXvsSMBSETF Comparison
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BondBloxx IR+M Tax Aware Short Duration ETF (TAXX) belongs to the US Aggregate Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. TAXX's top 3 sector exposures are Municipal, Finance and Industrials. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. TAXX is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.03% for SMBS. TAXX is up 1.25% year-to-date (YTD) with +$42M in YTD flows. SMBS performs worse with -1.53% YTD performance, and +$770M in YTD flows. Run a side-by-side ETF comparison of TAXX and SMBS 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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TAXX vs SMBS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXX SMBS | +0.03%-0.22% | -0.20%-2.21% | +1.25%-1.53% | +1.83%-1.08% | n/an/a | n/an/a |
| Flows | TAXX SMBS | -$5M-$72M | -$15M+$35M | +$42M+$770M | +$74M+$1.08B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXX SMBS | +1.44%+5.52% | +0.93%+4.35% | n/an/a | n/an/a |
| Max drawdown | TAXX SMBS | -1.38%-4.24% | -1.38%-5.12% | n/an/a | n/an/a |
| Max drawdown duration | TAXX SMBS | 52d52d | 52d229d | n/an/a | n/an/a |
Trading data
TAXX | SMBS | |
Last sale 10/19/2026 at 1:30 PM | $50.03 | $24.19 |
| Previous close 10/16/2026 | $50.08 | $24.29 |
| Consolidated volume 10/16/2026 | ||
| 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
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TAXX
is actively managed and doesn’t replicate an indexTAXX | SMBS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
TAXX | SMBS | |
|---|---|---|
| Last price | $50.03 | $24.19 |
| 1D performance | -0.09% | -0.41% |
| AuM | $279.18 M | $6.29 B |
| E/R | 0.35% | 0.03% |
Characteristics
TAXX | SMBS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Bondbloxx Investment Management LLC | Schwab ETFs |
| Benchmark | - | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 107 | 430 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 14, 2024 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
TAXX
USA
33.1%
Other
66.9%
SMBS
USA
33.79%
Other
66.21%
Sectors
TAXX
Municipal
23.42%
Finance
7.4%
Other
69.19%
SMBS
Industrials
33.23%
Other
66.77%
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Diversification
TAXX
Total weight of top 15 holdings out of 15
17.88%
SMBS
Total weight of top 15 holdings out of 15
5.8%
Top 15 holdings
Data as of August 31, 2026
TAXX
US79625GNV13
1.91%
New York Transitional Finance Authority, 5% 15jul2034, USD (2018)
1.60%
Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A)
1.28%
US806640Q929
1.27%
US718903RV17
1.26%
US04785VCF94
1.19%
Fort Bend Independent School District, FRN 1aug2056, USD (2026B)
1.12%
US45470YGD76
1.08%
Harris Municipal Utility District №165, 4% 1mar2032, USD (2022)
1.06%
Dickson Health and Educational Facilities, 3.05% 1apr2044, USD (2026)
1.05%
US51766AAS33
1.04%
US61781CAC47
1.03%
Illinois Toll Highway Authority, 5% 1jan2039, USD
1.01%
US39081JMQ84
0.99%
Issaquah School District №411, 4% 1dec2031, USD
0.99%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
US31427R6E50
0.59%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.48%
FR SD8193, 2% 1feb2052, USD (ABS)
0.40%
US31418DYX47
0.40%
FR SD8106, 2% 1nov2050, USD (ABS)
0.36%
US3618N6HU47
0.35%
FR RQ0110, 5% 1apr2056, USD (ABS)
0.34%
FR RQ0102, 5% 1mar2056, USD (ABS)
0.34%
US3132DWDC47
0.33%
FR SD7552, 2.5% 1jan2052, USD (ABS)
0.31%
US31418EQ948
0.31%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
US3618N6NA19
0.30%
Frequently asked questions about TAXX and SMBS
How have the TAXX and SMBS ETFs performed in 2026?
As of October 16, 2026, TAXX is up 1.25% year-to-date (YTD), while SMBS has lost -1.53%. That puts TAXX better performer ahead so far this year.
Which ETF is attracting more investor money: TAXX or SMBS?
Year-to-date, the TAXX ETF saw +$42M in flows, compared to +$770M for SMBS.
Which ETF is more volatile: TAXX or SMBS?
Over the past year, TAXX had a volatility of 0.93%, while SMBS experienced 4.35%.
Which ETF is bigger: TAXX or SMBS?
As of October 16, 2026, TAXX holds $279.18 M in assets under management (AUM), while SMBS manages $6.29 B.
What sectors do the TAXX and SMBS ETFs invest in?
TAXX leans toward sectors like Municipal and Finance. Meanwhile, SMBS focuses on Industrials.
What are the top holdings of the TAXX ETF and SMBS ETF?
TAXX top holdings include US79625GNV13, New York Transitional Finance Authority, 5% 15jul2034, USD (2018) and Texas Municipal Gas Acquisition and Supply Corp., 5.5% 1jan2054, USD (2023A). SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).
Which ETF is more diversified: TAXX or SMBS?
TAXX holds 298 securities with 17.88% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.
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