TXCAvsBKMIETF Comparison
ETF 1
TXCA
Northern Trust California Intermediate Tax-Exempt Bond ETF
This fund is part of
Municipal Bonds
+0.26%
VS
Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) and BNY Mellon Municipal Intermediate ETF (BKMI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TXCA is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.35% for BKMI. Run a side-by-side ETF comparison of TXCA and BKMI 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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TXCA vs BKMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TXCA BKMI | +4.01%+4.15% | n/a+0.44% | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | TXCA BKMI | --$98M | --$130M | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TXCA BKMI | n/a+4.90% | n/an/a | n/an/a | n/an/a |
| Max drawdown | TXCA BKMI | n/a-5.16% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | TXCA BKMI | n/a84d | n/an/a | n/an/a | n/an/a |
Trading data
TXCA | BKMI | |
Last sale 11/9/2026 at 2:30 PM | $51.54 | $25.86 |
| Previous close 11/06/2026 | $51.50 | $25.88 |
| Consolidated volume 11/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 10, 2026
1-year trailing difference
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BKMI
is actively managed and doesn’t replicate an indexTXCA | BKMI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/9/2026 at 2:30 PM
Live
Closed
TXCA | BKMI | |
|---|---|---|
| Last price | $51.54 | $25.86 |
| 1D performance | +0.07% | -0.06% |
| AuM | $7.71 M | $1.53 B |
| E/R | 0.06% | 0.35% |
Characteristics
TXCA | BKMI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | BNY Mellon |
| Benchmark | ICE California Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 100 | 133 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2026 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
TXCA
USA
33.85%
Other
66.15%
BKMI
USA
33.96%
Other
66.04%
Sectors
TXCA
Municipal
33.85%
Other
66.15%
BKMI
Municipal
33.96%
Other
66.04%
Diversification
TXCA
Total weight of top 15 holdings out of 15
13.53%
BKMI
Total weight of top 15 holdings out of 15
10.74%
Top 15 holdings
Data as of September 30, 2026
TXCA
US072024ZH86
4.11%
Los Angeles Municipal Improvement Corp., 5% 1nov2029, USD (2016-B)
0.82%
Bay Area Toll Authority, 5% 1apr2044, USD (2026)
0.76%
US544525X529
0.70%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.70%
US15569DAA00
0.69%
Southern California Public Power Authority, 5% 1nov2028, USD (2007A)
0.69%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.69%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024F)
0.69%
US544525ZN15
0.69%
California Educational Facilities Authority, 5% 1jun2046, USD
0.69%
US672240UL07
0.61%
US798306D867
0.58%
Southern California Public Power Authority, 5% 1jul2036, USD (2026-1)
0.57%
US13013JAP12
0.54%
BKMI
US452227VK43
0.92%
New York Liberty Development Corp., 5% 15nov2044, USD
0.92%
US736742ZR10
0.83%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.75%
State of Washington, 5% 1jul2038, USD (2023B)
0.74%
US01065CAM55
0.71%
US56682HDR75
0.70%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.65%
US56035DHT28
0.65%
US59333APJ42
0.65%
US74445HAL42
0.64%
City of New York, 7.5% 1feb2021, USD (1992-G)
0.64%
US88283KCB26
0.64%
US87638TJU88
0.64%
Frequently asked questions about TXCA and BKMI
Which ETF is bigger: TXCA or BKMI?
As of November 6, 2026, TXCA holds $7.71 M in assets under management (AUM), while BKMI manages $1.53 B.
What sectors do the TXCA and BKMI ETFs invest in?
TXCA leans toward sectors like Municipal. Meanwhile, BKMI focuses on Municipal.
What are the top holdings of the TXCA ETF and BKMI ETF?
TXCA top holdings include US072024ZH86, Los Angeles Municipal Improvement Corp., 5% 1nov2029, USD (2016-B) and Bay Area Toll Authority, 5% 1apr2044, USD (2026). BKMI holds in its top three: US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10.
Which ETF is more diversified: TXCA or BKMI?
TXCA holds 298 securities with 13.53% of its assets in the top 15. BKMI has 531 securities and a top 15 weight of 10.74%.
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