TAXM vs TXXI
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents vs BondBloxx IR+M Tax-Aware Intermediate Duration ETF
Which is better, TAXM or TXXI?
TXXI has been ahead.
TXXI led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TAXM | TXXI |
|---|---|---|
| Expense Ratio | 0.35%Tie | 0.35%Tie |
| AUM | $40M | $38M |
| Dividend Yield | 3.43% | 3.64% |
| Holdings | 162 | 164 |
| YTD Return | -3.22% | -2.69%Best |
| 1Y Return | -2.42% | -1.88%Best |
| Volatility (annualized) | 4.7% | 4.5%Best |
| Max Drawdown | -6.2% | -5.9%Best |
| $10,000 over 1.6 years | $10,040 | $10,156Best |
| Fund Family | BondBloxx | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Mar 13, 2025 | Mar 13, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
TAXM vs TXXI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
TAXM vs TXXI Performance
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is an ETF from BondBloxx and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) is an ETF from BondBloxx. Over the past year TAXM returned -2.42% while TXXI returned -1.88%. Year to date, TAXM is down 3.22% versus a loss of 2.69% for TXXI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TAXM has been the more volatile fund, with annualized monthly volatility of 4.7% compared with 4.5% for TXXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.2% for TAXM and -5.9% for TXXI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
TAXM charges 0.35% per year while TXXI charges 0.35%. On a $10,000 position that is $35 vs $35 annually. On income, TAXM currently yields 3.43% against 3.64% for TXXI.
Holdings Overlap
We hold position weights for 69 holdings in TAXM and 86 in TXXI, totalling 32.5% and 42.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 32 positions appear in both.
32 positions in common, counted across the 69 positions we hold weights for in TAXM and 86 in TXXI, against full books of 162 and 164.
Top Shared Holdings
| Stock | Weight in TAXM | Weight in TXXI | Difference |
|---|---|---|---|
| NY MTATRN 5 11/15/20Ny Met Transprtn Auth Rev 5.00% 2050-11-15 | 1.32% | 1.27% | 0.05% |
| NY NYCGEN 5.25 05/01New York City Transitional Finance Authority 0.0525 05/01/2055 | 1.26% | 1.26% | 0.00% |
| TX TXSTRN 5 08/15/20Texas Transn Commn Cent Tex Tp 5% Aug 15, 2040 | 1.27% | 0.97% | 0.30% |
| FL BROEDU 5 07/01/20Broward Cnty Fla Sch Brd Ctfs 5% Jul 01, 2034 | 1.09% | 0.42% | 0.67% |
| IL ILSTRN 5 01/01/20Illinois St Toll Hwy Auth Toll 5% Jan 01, 2045 | 0.41% | 0.75% | 0.34% |
| IL ILSGEN 5 08/15/20Illinois (State Of) Finance Authority (University Of Chicago Medical), Series 2022 A, Rb | 0.60% | 0.44% | 0.16% |
| WI PUBMFH 07/01/2067Public Fin Auth W V/R 07/01/67 | 0.25% | 0.71% | 0.46% |
| AL BBEUTL 06/01/2049Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029 | 0.28% | 0.62% | 0.34% |
| CA CCEDEV 02/01/2055Ca Cmnyy Choice-F 5 2/1/2055 | 0.52% | 0.34% | 0.18% |
| AL SEEPWR 05/01/2055Southeast Energy Authority A Cooperative District 5 05/01/2055 | 0.49% | 0.34% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of TAXM and TXXI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TAXM or TXXI?
TAXM has an expense ratio of 0.35% while TXXI charges 0.35%. At the precision these are quoted to, they cost the same.
Which performed better, TAXM or TXXI?
Over the past year TAXM returned -2.42% vs -1.88% for TXXI, so TXXI leads on 1-year performance. Over the longest common window we track (2 years), TAXM annualized +0.25% vs +0.97% for TXXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TAXM or TXXI?
TAXM has been the more volatile fund at 4.7% annualized versus 4.5% for TXXI. Worst drawdown: TAXM -6.2% vs TXXI -5.9%.
Should I hold both TAXM and TXXI?
TAXM and TXXI have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, TAXM or TXXI?
TAXM yields 3.43% while TXXI yields 3.64%, so TXXI currently pays the higher dividend yield.
Is TXXI better than TAXM?
TXXI led over 1Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.