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BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) Sharpe Ratio: 2.36

ETF · Currency in USD · Last updated Jun 23, 2026

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents is an actively managed fixed income ETF that seeks attractive after-tax income with preservation of capital. The fund invests at least half of its assets in municipal securities whose interest is generally exempt from U.S. federal and Massachusetts income taxes, with the remainder in taxable intermediate-duration fixed income securities.

TAXM's Sharpe Ratio of 2.36 indicates that for each unit of volatility, it generates 2.36 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TAXM Sharpe Ratio Rank

TAXM Sharpe Ratio Rank: 76.877
Above Average

TAXM ranks above 76.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

TAXM Sharpe Ratio Market Positioning

The chart shows TAXM's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.39+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents's Sharpe Ratio with other ETFs in the Municipal Bonds category across multiple time periods, showing how TAXM's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MYMGState Street My2027 Municipal Bond ETF4.67
MYMFState Street My2026 Municipal Bond ETF3.85
CALIiShares Short-Term California Muni Active ETF3.83
MEARiShares Short Maturity Municipal Bond ETF3.71
STAXMacquarie Tax-Free USA Short Term ETF3.62
FUMBFirst Trust Ultra Short Duration Municipal ETF3.58
SMMUPIMCO Short Term Municipal Bond Active ETF3.58
VSDMVanguard Short Duration Tax-Exempt Bond ETF3.41
TAXET. Rowe Price Intermediate Municipal Income ETF3.23
CGSMCapital Group Short Duration Municipal Income ETF3.19
TAXMBondBloxx IR+M Tax-Aware ETF for Massachusetts Residents2.36

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TAXM's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TAXM consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does TAXM fit in your portfolio?

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