TXCAvsMBBAETF 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) belongs to the Municipal Bonds segment. iShares Mortgage-Backed Securities Active ETF (MBBA) is part of the MBS & ABS segment. TXCA's top 1 sector exposures are Municipal. In contrast, MBBA's top sector exposures are Non-Corporate and Industrials. TXCA is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.26% for MBBA. Run a side-by-side ETF comparison of TXCA and MBBA 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 MBBA 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 MBBA | +4.01%+3.59% | n/a-0.29% | n/an/a | n/an/a | n/an/a | n/an/a |
| Flows | TXCA MBBA | -+$46M | -+$611M | -- | -- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TXCA MBBA | n/a+5.93% | n/an/a | n/an/a | n/an/a |
| Max drawdown | TXCA MBBA | n/a-4.67% | n/an/a | n/an/a | n/an/a |
| Max drawdown duration | TXCA MBBA | n/a73d | n/an/a | n/an/a | n/an/a |
Trading data
TXCA | MBBA | |
Last sale 11/9/2026 at 2:30 PM | $51.54 | $48.37 |
| Previous close 11/06/2026 | $51.50 | $48.29 |
| 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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MBBA
is actively managed and doesn’t replicate an indexTXCA | MBBA | |
|---|---|---|
| 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 | MBBA | |
|---|---|---|
| Last price | $51.54 | $48.37 |
| 1D performance | +0.07% | +0.16% |
| AuM | $7.71 M | $773.23 M |
| E/R | 0.06% | 0.26% |
Characteristics
TXCA | MBBA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | iShares |
| Benchmark | ICE California Intermediate Term Focused Municipal Bond Index | - |
| N° of holdings | 100 | 47 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2026 | January 23, 2026 |
| ESG | No | No |
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Exposure
Countries
TXCA
USA
33.85%
Other
66.15%
MBBA
Data will be available soon
Sectors
TXCA
Municipal
33.85%
Other
66.15%
MBBA
Data will be available soon
Diversification
TXCA
Total weight of top 15 holdings out of 15
13.53%
MBBA
Data will be available soon
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%
MBBA
Data will be available soon
Frequently asked questions about TXCA and MBBA
Which ETF is bigger: TXCA or MBBA?
As of November 6, 2026, TXCA holds $7.71 M in assets under management (AUM), while MBBA manages $773.23 M.
What sectors do the TXCA and MBBA ETFs invest in?
TXCA leans toward sectors like Municipal. Meanwhile, MBBA focuses on Non-Corporate and Industrials.
What are the top holdings of the TXCA ETF and MBBA 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). MBBA holds in its top three: BlackRock Cash Funds - Treasury, US01F0526A56 and US01F0606A83.
Which ETF is more diversified: TXCA or MBBA?
TXCA holds 298 securities with 13.53% of its assets in the top 15. MBBA has 637 securities and a top 15 weight of 111.14%.
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