T. Rowe Price Intermediate Municipal Income ETF (TAXE) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TAXE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAXE
TAXE charges 0.24% annually. There are 61 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | TAXE vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.93B | Oct 2022 | TAXE vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | TAXE vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | TAXE vs TAXT | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 130.20M | Aug 2025 | TAXE vs TAXS |
Best Risk-Adjusted Alternatives to TAXE
TAXE has a PortfoliosLab risk / return rank of 70. There are 38 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TAXE vs MYMF | |
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | TAXE vs MYMG | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | TAXE vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | TAXE vs GUMI | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.36B | Mar 2015 | TAXE vs MEAR |
Top Performing TAXE Alternatives (YTD)
TAXE is at 0.80% YTD. There are 71 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 2.90%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 2.90% | 4.54M | May 2023 | TAXE vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.46% | 30.60M | Sep 2019 | TAXE vs OVM | |
| NYLI MacKay Muni Allocation ETF | 2.45% | 28.01M | Dec 2025 | TAXE vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.42% | 142.95M | Jun 2013 | TAXE vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.17% | 26.19M | Nov 2025 | TAXE vs THYM |
Lowest Volatility Alternatives to TAXE
TAXE has 2.29% 1-year volatility. There are 46 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 34.95M | Sep 2025 | TAXE vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.65% | 8.74M | Sep 2024 | TAXE vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | TAXE vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | TAXE vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | TAXE vs MYMG |
Lowest Drawdown Alternatives to TAXE
TAXE has a 1-year max drawdown of -2.53%. There are 50 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.23% | 246.47M | Nov 2018 | TAXE vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | TAXE vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | TAXE vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | TAXE vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 576.01M | Apr 2019 | TAXE vs IBMO |
Other ETFs from T. Rowe Price
The 10 most viewed T. Rowe Price ETFs shown here include TCAF, TFLR, TDVG and span 8 categories. AUM among these funds goes as high as $8B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Capital Appreciation Equity ETF | Large Cap Blend Equities | 55 | 10.23% | 8.03B | Jun 2023 | TAXE vs TCAF | |
| T. Rowe Price Floating Rate ETF | Bank Loan | 84 | 1.94% | 675.28M | Nov 2022 | TAXE vs TFLR | |
| T. Rowe Price Dividend Growth ETF | Large Cap Blend Equities, Dividend, Actively Managed | 82 | 11.24% | 1.42B | Aug 2020 | TAXE vs TDVG | |
| T. Rowe Price Ultra Short-Term Bond ETF | Ultrashort Bond | 99 | 2.34% | 1.30B | Sep 2021 | TAXE vs TBUX | |
| T. Rowe Price Blue Chip Growth ETF | Large Cap Growth Equities | 22 | 0.24% | 2.10B | Aug 2020 | TAXE vs TCHP | |
| T. Rowe Price US Equity Research ETF | Large Cap Blend Equities | 73 | 11.76% | 4.26B | Jun 2021 | TAXE vs TSPA | |
| T. Rowe Price Growth Stock ETF | Large Cap Growth Equities | 23 | 1.59% | 983.73M | Aug 2020 | TAXE vs TGRW | |
| T. Rowe Price U.S. High Yield ETF | High Yield Bonds | 63 | 2.03% | 841.12M | Oct 2022 | TAXE vs THYF | |
| T. Rowe Price International Equity ETF | Foreign Large Cap Equities | 63 | 13.28% | 1.58B | Jun 2023 | TAXE vs TOUS | |
| T. Rowe Price Growth ETF | Large Cap Growth Equities | 27 | 3.43% | 1.49B | Jun 2023 | TAXE vs TGRT |
Often Compared With TAXE
Investors most often compare TAXE with CGMU, MUB, SCHO. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.
Compare TAXE with Any Fund or Stock
Compare TAXE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAXE with funds that move differently
T. Rowe Price Intermediate Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAXE.
Explore TAXE Diversifiers