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 81 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.87B | Oct 2022 | TAXF vs SCMB | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | TAXF vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | TAXF vs TAXI | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 59.79M | Aug 2025 | TAXF vs TAXT | |
| Vanguard Tax-Exempt Bond ETF | 0.05% | 45.70B | Aug 2015 | TAXF vs VTEB |
Best Risk-Adjusted Alternatives to TAXF
TAXF has a PortfoliosLab risk / return rank of 76. There are 41 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 My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | TAXF vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | TAXF vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | TAXF vs MEAR | |
| First Trust Ultra Short Duration Municipal ETF | 95 | 230.57M | Nov 2018 | TAXF vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | TAXF vs BSMR |
Top Performing TAXF Alternatives (YTD)
TAXF is at 1.96% YTD. There are 20 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 3.96% | 30.60M | Sep 2019 | TAXF vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.71% | 138.42M | Jun 2013 | TAXF vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.33% | 18.90M | Sep 2016 | TAXF vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.33% | 25.30M | Nov 2025 | TAXF vs THYM | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | TAXF vs HYMB |
Lowest Volatility Alternatives to TAXF
TAXF has 3.05% 1-year volatility. There are 89 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | TAXF vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | TAXF vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | TAXF vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | TAXF vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | TAXF vs MYMF |
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 | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 230.57M | Nov 2018 | TAXF vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | TAXF vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | TAXF vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | TAXF vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | TAXF vs MYMG |
Other ETFs from American Century
The 10 most viewed American Century ETFs shown here include AVUS, AVEM, AVDE and span 8 categories. AUM among these funds goes as high as $24B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Avantis U.S. Equity ETF | Large Cap Growth Equities | 81 | 14.42% | 12.71B | Sep 2019 | TAXF vs AVUS | |
| Avantis Emerging Markets Equity ETF | Foreign Large Cap Equities | 82 | 27.59% | 24.32B | Sep 2019 | TAXF vs AVEM | |
| Avantis International Equity ETF | Foreign Large Cap Equities | 54 | 10.55% | 16.33B | Sep 2019 | TAXF vs AVDE | |
| Avantis U.S. Large Cap Value ETF | Large Cap Value Equities | 91 | 20.64% | 12.01B | Sep 2021 | TAXF vs AVLV | |
| Avantis Emerging Markets Value ETF | Emerging Markets Equities | 61 | 16.79% | 1.40B | Sep 2021 | TAXF vs AVES | |
| American Century STOXX U.S. Quality Growth ETF | Large Cap Growth Equities | 20 | 2.19% | 2.14B | Sep 2018 | TAXF vs QGRO | |
| Avantis U.S. Large Cap Equity ETF | Large Cap Blend Equities | 81 | 14.81% | 1.21B | Sep 2023 | TAXF vs AVLC | |
| American Century Focused Dynamic Growth ETF | Global Equities | 46 | 7.52% | 409.56M | Mar 2020 | TAXF vs FDG | |
| Avantis Core Fixed Income ETF | Corporate Bonds | 38 | 0.08% | 1.81B | Oct 2020 | TAXF vs AVIG | |
| American Century Multisector Floating Income ETF | Ultrashort Bond | 98 | 2.39% | 22.70M | Mar 2023 | TAXF vs FUSI |
Often Compared With TAXF
Investors most often compare TAXF with FTABX, JMST, ECNS. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare TAXF with Any Fund or Stock
Compare TAXF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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