TAXF Alternatives & Similar ETFs

American Century Diversified Municipal Bond ETF (TAXF) 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 TAXF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to TAXF

TAXF charges 0.29% annually. There are 82 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.

Symbol	Name	Expense Ratio	AUM	Inception
VTEB	Vanguard Tax-Exempt Bond ETF	0.03%	48.80B	Aug 2015	TAXF vs VTEB
SCMB	Schwab Municipal Bond ETF	0.03%	3.93B	Oct 2022	TAXF vs SCMB
FMUN	Fidelity Systematic Municipal Bond Index ETF	0.05%	183.09M	Jul 2019	TAXF vs FMUN
TAXS	Northern Trust Short-Term Tax-Exempt Bond ETF	0.05%	130.20M	Aug 2025	TAXF vs TAXS
TAXT	Northern Trust Tax-Exempt Bond ETF	0.05%	60.01M	Aug 2025	TAXF vs TAXT

Best Risk-Adjusted Alternatives to TAXF

TAXF has a PortfoliosLab risk / return rank of 76. There are 50 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
MYMF	State Street My2026 Municipal Bond ETF	97	8.74M	Sep 2024	TAXF vs MYMF
MYMG	State Street My2027 Municipal Bond ETF	97	8.63M	Sep 2024	TAXF vs MYMG
AUSM	Allspring Ultra Short Municipal ETF	97	30.06M	Jul 2025	TAXF vs AUSM
FUMB	First Trust Ultra Short Duration Municipal ETF	97	246.47M	Nov 2018	TAXF vs FUMB
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	97	54.13M	Jul 2024	TAXF vs GUMI

Top Performing TAXF Alternatives (YTD)

TAXF is at 0.84% YTD. There are 59 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.71%.

Symbol	Name	YTD Return	AUM	Inception
ZTAX	X-Square Municipal Income Tax Free ETF	3.71%	4.54M	May 2023	TAXF vs ZTAX
MMMA	NYLI MacKay Muni Allocation ETF	2.42%	28.01M	Dec 2025	TAXF vs MMMA
RVNU	Xtrackers Municipal Infrastructure Revenue Bond ET...	2.38%	142.95M	Jun 2013	TAXF vs RVNU
OVM	Overlay Shares Municipal Bond ETF	2.26%	30.60M	Sep 2019	TAXF vs OVM
THYM	T. Rowe Price High Income Municipal ETF	2.25%	26.19M	Nov 2025	TAXF vs THYM

Lowest Volatility Alternatives to TAXF

TAXF has 3.14% 1-year volatility. There are 96 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.

Symbol	Name	Volatility 1Y	AUM	Inception
ZMUN	F/m Ultrashort Tax-Free Municipal ETF	0.54%	34.95M	Sep 2025	TAXF vs ZMUN
MYMF	State Street My2026 Municipal Bond ETF	0.69%	8.74M	Sep 2024	TAXF vs MYMF
CALI	iShares Short-Term California Muni Active ETF	0.72%	445.30M	Oct 2007	TAXF vs CALI
AUSM	Allspring Ultra Short Municipal ETF	0.76%	30.06M	Jul 2025	TAXF vs AUSM
FUMB	First Trust Ultra Short Duration Municipal ETF	0.84%	246.47M	Nov 2018	TAXF vs FUMB

Lowest Drawdown Alternatives to TAXF

TAXF has a 1-year max drawdown of -2.93%. There are 86 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FUMB	First Trust Ultra Short Duration Municipal ETF	-0.22%	246.47M	Nov 2018	TAXF vs FUMB
BSMQ	Invesco BulletShares 2026 Municipal Bond ETF	-0.30%	270.83M	Sep 2019	TAXF vs BSMQ
GUMI	Goldman Sachs Ultra Short Municipal Income ETF	-0.36%	54.13M	Jul 2024	TAXF vs GUMI
MYMG	State Street My2027 Municipal Bond ETF	-0.36%	8.63M	Sep 2024	TAXF vs MYMG
IBMO	iShares iBonds Dec 2026 Term Muni Bond ETF	-0.38%	576.01M	Apr 2019	TAXF vs IBMO

Other ETFs from American Century

The 10 most viewed American Century ETFs shown here include QGRO, FDG, FUSI and span 9 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QGRO	American Century U.S. Quality Growth ETF	Quality Factor, Large Cap Growth Equities	17	0.00%	1.95B	Sep 2018	TAXF vs QGRO
FDG	American Century Focused Dynamic Growth ETF	Large Cap Growth Equities	24	0.10%	402.24M	Mar 2020	TAXF vs FDG
FUSI	American Century Multisector Floating Income ETF	Ultrashort Bond	99	3.26%	22.73M	Mar 2023	TAXF vs FUSI
QINT	American Century Quality Diversified International...	Quality Factor, Foreign Large Cap Equities	73	11.64%	664.39M	Sep 2018	TAXF vs QINT
SDSI	American Century Short Duration Strategic Income E...	Short-Term Bond	94	1.61%	255.74M	Oct 2022	TAXF vs SDSI
FLV	American Century Focused Large Cap Value ETF	Large Cap Value Equities	85	14.23%	369.25M	Mar 2020	TAXF vs FLV
MID	American Century Mid Cap Growth Impact ETF	Mid Cap Growth Equities	12	2.51%	99.47M	Jul 2020	TAXF vs MID
VALQ	American Century STOXX U.S. Quality Value ETF	Quality Factor, Large Cap Value Equities	59	6.73%	330.13M	Jan 2018	TAXF vs VALQ
MUSI	American Century Multisector Income ETF	Multisector Bonds	42	0.15%	247.75M	Jun 2021	TAXF vs MUSI
KORP	American Century Diversified Corporate Bond ETF	Corporate Bonds	28	-0.47%	896.44M	Jan 2018	TAXF vs KORP

Often Compared With TAXF

Investors most often compare TAXF with FTABX, JMST, ECNS. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	71	0.14%	—	Apr 2001	TAXF vs FTABX
JMST	JPMorgan Ultra-Short Municipal Income ETF	Ultrashort Bond	98	1.22%	7.10B	Oct 2018	TAXF vs JMST
ECNS	iShares MSCI China Small-Cap ETF	China Equities, Asia Pacific Equities	5	-10.59%	64.98M	Sep 2010	TAXF vs ECNS
TAXI	Northern Trust Intermediate Tax-Exempt Bond ETF	Municipal Bonds	—	-0.06%	169.01M	Aug 2025	TAXF vs TAXI
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	92	18.16%	7.77B	Mar 2006	TAXF vs FDL
AMUN	abrdn Ultra Short Municipal Income Active ETF	Municipal Bonds	—	1.48%	53.18M	Oct 2025	TAXF vs AMUN
AVLC	Avantis U.S. Large Cap Equity ETF	Large Cap Blend Equities	80	13.99%	1.38B	Sep 2023	TAXF vs AVLC
RMCA	Rockefeller California Municipal Bond ETF	Municipal Bonds	85	1.37%	14.71M	Aug 2024	TAXF vs RMCA
AVIG	Avantis Core Fixed Income ETF	Intermediate Core Bond	28	-0.68%	1.95B	Oct 2020	TAXF vs AVIG
AVUS	Avantis U.S. Equity ETF	Large Cap Blend Equities	85	14.70%	13.88B	Sep 2019	TAXF vs AVUS
AVEM	Avantis Emerging Markets Equity ETF	Emerging Markets Equities	60	16.96%	25.76B	Sep 2019	TAXF vs AVEM
PDBC	Invesco Optimum Yield Diversified Commodity Strate...	Commodities	72	32.53%	6.40B	Nov 2014	TAXF vs PDBC
HYMB	State Street SPDR Nuveen ICE High Yield Municipal ...	Municipal Bonds	77	2.11%	3.17B	Apr 2011	TAXF vs HYMB
AVLV	Avantis U.S. Large Cap Value ETF	Large Cap Value Equities	95	22.36%	17.85B	Sep 2021	TAXF vs AVLV
VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Municipal Bonds	58	0.37%	2.10B	Mar 2023	TAXF vs VTES
AVDE	Avantis International Equity ETF	Foreign Large Cap Equities	77	12.39%	18.19B	Sep 2019	TAXF vs AVDE
SUB	iShares Short-Term National Muni Bond ETF	Municipal Bonds, Short-Term Bond	74	0.76%	11.33B	Nov 2008	TAXF vs SUB
FTSD	Franklin Short Duration U.S. Government ETF	Mortgage Backed Securities	96	1.24%	301.85M	Nov 2013	TAXF vs FTSD
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	Commodities	58	31.11%	1.19B	Oct 2014	TAXF vs COMT
MFLX	First Trust Flexible Municipal High Income ETF	Municipal Bonds	81	1.98%	21.20M	Sep 2016	TAXF vs MFLX

Compare TAXF with Any Fund or Stock

Compare TAXF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair TAXF with funds that move differently

American Century Diversified Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAXF.

Explore TAXF Diversifiers

American Century Diversified Municipal Bond ETF (TAXF) Alternatives