TXCAvsSPMBETF Comparison
ETF 1
TXCA
Northern Trust California Intermediate Tax-Exempt Bond ETF
This fund is part of
Municipal Bonds
+0.26%
VS
ETF 2
SPMB
State Street State Street SPDR Portfolio Mortgage Backed Bond ETF
This fund is part of
MBS & ABS
-0.03%
Northern Trust California Intermediate Tax-Exempt Bond ETF (TXCA) belongs to the Municipal Bonds segment. State Street State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is part of the MBS & ABS segment. TXCA's top 1 sector exposures are Municipal. In contrast, SPMB's top sector exposures are Industrials, Finance and Government Agencies. TXCA is more expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.04% for SPMB. Run a side-by-side ETF comparison of TXCA and SPMB 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 SPMB 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 SPMB | +4.01%+3.62% | n/a+0.19% | n/a+0.27% | n/a+0.90% | n/a+18.00% | n/a+1.30% |
| Flows | TXCA SPMB | --$8M | -+$67M | -+$574M | -+$750M | -+$2.43B | -+$3.53B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TXCA SPMB | n/a+5.88% | n/a+4.72% | n/a+5.64% | n/a+6.80% |
| Max drawdown | TXCA SPMB | n/a-4.41% | n/a-5.57% | n/a-5.57% | n/a-16.97% |
| Max drawdown duration | TXCA SPMB | n/a73d | n/a250d | n/a250d | n/a1403d |
Trading data
TXCA | SPMB | |
Last sale 11/9/2026 at 2:30 PM | $51.54 | $21.76 |
| Previous close 11/06/2026 | $51.50 | $21.73 |
| 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 October 30, 2026
1-year trailing difference
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TXCA | SPMB | |
|---|---|---|
| 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 | SPMB | |
|---|---|---|
| Last price | $51.54 | $21.76 |
| 1D performance | +0.07% | +0.14% |
| AuM | $7.71 M | $7.01 B |
| E/R | 0.06% | 0.04% |
Characteristics
TXCA | SPMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Northern Trust | State Street Investment Management |
| Benchmark | ICE California Intermediate Term Focused Municipal Bond Index | Bloomberg U.S. MBS Index |
| N° of holdings | 100 | 568 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2026 | January 15, 2009 |
| ESG | No | No |
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Exposure
Countries
TXCA
USA
33.85%
Other
66.15%
SPMB
USA
32.36%
Other
67.64%
Sectors
TXCA
Municipal
33.85%
Other
66.15%
SPMB
Industrials
32.01%
Other
67.99%
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Diversification
TXCA
Total weight of top 15 holdings out of 15
13.53%
SPMB
Total weight of top 15 holdings out of 15
9.74%
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%
SPMB
US01F0526A56
1.42%
US3142J6C840
1.13%
FN MA4547, 2% 1feb2052, USD (ABS)
0.75%
US3142J6DY61
0.74%
US3142J6BK85
0.73%
FR SD8212, 2.5% 1may2052, USD (ABS)
0.58%
US01F0506A92
0.57%
US3132DWMY65
0.53%
G2 MB0424, 5.5% 20jun2055, USD (ABS)
0.52%
US3618N56H72
0.50%
FN MA4701, 4.5% 1aug2052, USD (ABS)
0.49%
FN FA0608, 5.5% 1feb2055, USD (ABS)
0.47%
FN MA4465, 2% 1nov2051, USD (ABS)
0.45%
FR SD8193, 2% 1feb2052, USD (ABS)
0.43%
FN FS2040, 2% 1feb2052, USD (ABS)
0.42%
Frequently asked questions about TXCA and SPMB
Which ETF is bigger: TXCA or SPMB?
As of November 6, 2026, TXCA holds $7.71 M in assets under management (AUM), while SPMB manages $7.01 B.
What sectors do the TXCA and SPMB ETFs invest in?
TXCA leans toward sectors like Municipal. Meanwhile, SPMB focuses on Industrials.
What are the top holdings of the TXCA ETF and SPMB 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). SPMB holds in its top three: US01F0526A56, US3142J6C840 and FN MA4547, 2% 1feb2052, USD (ABS).
Which ETF is more diversified: TXCA or SPMB?
TXCA holds 298 securities with 13.53% of its assets in the top 15. SPMB has 2752 securities and a top 15 weight of 9.74%.
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