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 | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | TAXF vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | TAXF vs VTEB | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.89M | Aug 2025 | TAXF vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | TAXF vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | TAXF vs TAXI |
Best Risk-Adjusted Alternatives to TAXF
TAXF has a PortfoliosLab risk / return rank of 74. There are 48 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 | 97 | 8.74M | Sep 2024 | TAXF vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.08M | Nov 2018 | TAXF vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.39B | Mar 2015 | TAXF vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | TAXF vs GUMI |
Top Performing TAXF Alternatives (YTD)
TAXF is at 2.22% YTD. There are 30 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.08% | 142.76M | Jun 2013 | TAXF vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.93% | 19.03M | Sep 2016 | TAXF vs MFLX | |
| Rareview Tax Advantaged Income ETF | 3.90% | 18.13M | Oct 2020 | TAXF vs RTAI | |
| T. Rowe Price High Income Municipal ETF | 3.61% | 25.43M | Nov 2025 | TAXF vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.51% | 30.60M | Sep 2019 | TAXF vs OVM |
Lowest Volatility Alternatives to TAXF
TAXF has 3.00% 1-year volatility. There are 90 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% | 30.59M | Sep 2025 | TAXF vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | TAXF vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | TAXF vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.75% | 30.06M | Jul 2025 | TAXF vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | TAXF vs FUMB |
Lowest Drawdown Alternatives to TAXF
TAXF has a 1-year max drawdown of -2.93%. There are 83 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% | 246.08M | Nov 2018 | TAXF vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | TAXF vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | TAXF vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | TAXF vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | 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.
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.
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