TXCAvsSMBSETF Comparison
ETF 1
TXCA
Northern Trust California Intermediate Tax-Exempt Bond ETF
This fund is part of
Municipal Bonds
+0.06%
VS
Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) belongs to the Municipal Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. TXCA's top 1 sector exposures are Municipal. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. TXCA is more expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.03% for SMBS. Run a side-by-side ETF comparison of TXCA 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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TXCA vs SMBS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TXCA SMBS | +4.09%+2.95% | n/a+0.30% | n/a+0.50% | n/a+1.20% | n/an/a | n/an/a |
| Flows | TXCA SMBS | -+$187M | -+$65M | -+$839M | -+$1.05B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TXCA SMBS | n/a+5.61% | n/a+4.46% | n/an/a | n/an/a |
| Max drawdown | TXCA SMBS | n/a-4.24% | n/a-5.12% | n/an/a | n/an/a |
| Max drawdown duration | TXCA SMBS | n/a76d | n/a253d | n/an/a | n/an/a |
Trading data
TXCA | SMBS | |
Last sale 11/10/2026 at 2:30 PM | $51.35 | $24.47 |
| Previous close 11/09/2026 | $51.54 | $24.68 |
| Consolidated volume 11/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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TXCA | 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 11/10/2026 at 2:30 PM
Live
Closed
TXCA | SMBS | |
|---|---|---|
| Last price | $51.35 | $24.47 |
| 1D performance | -0.38% | -0.85% |
| AuM | $7.72 M | $6.46 B |
| E/R | 0.06% | 0.03% |
Characteristics
TXCA | SMBS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Northern Trust | Schwab ETFs |
| Benchmark | ICE California Intermediate Term Focused Municipal Bond Index | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 100 | 429 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2026 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
TXCA
USA
33.85%
Other
66.15%
SMBS
USA
33.09%
Other
66.91%
Sectors
TXCA
Municipal
33.85%
Other
66.15%
SMBS
Industrials
32.6%
Other
67.4%
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Diversification
TXCA
Total weight of top 15 holdings out of 15
13.53%
SMBS
Total weight of top 15 holdings out of 15
5.82%
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%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.66%
US31427R6E50
0.48%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.48%
FR SD8193, 2% 1feb2052, USD (ABS)
0.43%
US31418DYX47
0.39%
US31418EQ948
0.39%
US3618N6NA19
0.35%
US3618N6HU47
0.35%
FR SD8106, 2% 1nov2050, USD (ABS)
0.35%
US3618N56H72
0.34%
US3618N53X59
0.34%
FR RQ0110, 5% 1apr2056, USD (ABS)
0.34%
FR RQ0102, 5% 1mar2056, USD (ABS)
0.34%
FR SD7552, 2.5% 1jan2052, USD (ABS)
0.31%
US3618N6FL65
0.29%
Frequently asked questions about TXCA and SMBS
Which ETF is bigger: TXCA or SMBS?
As of November 9, 2026, TXCA holds $7.72 M in assets under management (AUM), while SMBS manages $6.46 B.
What sectors do the TXCA and SMBS ETFs invest in?
TXCA leans toward sectors like Municipal. Meanwhile, SMBS focuses on Industrials.
What are the top holdings of the TXCA ETF and SMBS 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). 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: TXCA or SMBS?
TXCA holds 298 securities with 13.53% of its assets in the top 15. SMBS has 2009 securities and a top 15 weight of 5.82%.
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