- Issuer
- BondBloxx
- Inception Date
- Mar 14, 2024
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $286M
Highlights
- Avg. Volume (1M)
- 59K
- Avg. Volume Value (1M)
- $2.98M
Share Price Chart
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Performance
TAXX Performance Chart
Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) is up 1.1% since the beginning of the year. TAXX is currently trading at $50 per share.
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Returns By Period
Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) has returned 1.07% so far this year and 2.72% over the past 12 months.
Bondbloxx IR+M Tax-Aware Short Duration ETF
- 1D
- -0.03%
- 1M
- -0.29%
- 6M
- 0.59%
- YTD
- 1.07%
- 1Y
- 2.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.76%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TAXX Monthly Returns History
Based on dividend-adjusted daily data since Mar 14, 2024, TAXX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 76% of months were positive and 24% were negative. The best month was Jun 2025 with a return of +1.3%, while the worst month was Mar 2026 at -0.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TAXX closed higher 60% of trading days. The best single day was Jun 30, 2025 with a return of +0.7%, while the worst single day was Apr 7, 2025 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | 0.60% | -0.74% | 0.29% | 0.42% | 0.28% | -0.27% | 1.07% | |||||
| 2025 | 0.55% | 0.46% | -0.03% | 0.13% | 0.45% | 1.32% | -0.29% | 0.60% | 0.46% | 0.03% | 0.28% | 0.47% | 4.52% |
| 2024 | -0.14% | -0.11% | 0.36% | 0.63% | 0.95% | 0.78% | 0.50% | -0.24% | 0.57% | 0.00% | 3.36% |
Benchmark Metrics
Bondbloxx IR+M Tax-Aware Short Duration ETF has an annualized alpha of 3.59%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 14, 2024.
- This ETF captured 11.34% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.78%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.59%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 11.34%
- Downside Capture
- -2.78%
Expense Ratio
TAXX has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TAXX ranks 87 for risk / return — above 87% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAXX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.00 | +1.34 |
| Martin ratioReturn relative to average drawdown | 11.24 | 8.49 | +2.75 |
Dividends
Dividend History
Bondbloxx IR+M Tax-Aware Short Duration ETF provided a 3.14% dividend yield over the last twelve months, with an annual payout of $1.59 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.59 | $1.89 | $1.36 |
Dividend yield | 3.14% | 3.72% | 2.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Bondbloxx IR+M Tax-Aware Short Duration ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.18 | $0.16 | $0.06 | $0.10 | $0.15 | $0.13 | $0.78 | |||||
| 2025 | $0.00 | $0.15 | $0.14 | $0.16 | $0.15 | $0.16 | $0.15 | $0.16 | $0.15 | $0.15 | $0.14 | $0.37 | $1.89 |
| 2024 | $0.15 | $0.17 | $0.14 | $0.16 | $0.15 | $0.15 | $0.15 | $0.29 | $1.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bondbloxx IR+M Tax-Aware Short Duration ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bondbloxx IR+M Tax-Aware Short Duration ETF was 0.91%, occurring on Apr 11, 2025. Recovery took 23 trading sessions.
The current Bondbloxx IR+M Tax-Aware Short Duration ETF drawdown is 0.31%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-0.91%Apr 2025 | 4d | 1mo 4d | 1mo 8dApr 2025 - May 2025 | 2025 selloff2025 |
-0.88%Mar 2026 | 25d | 2mo 6d | 3mo 1dMar 2026 - Jun 2026 | — |
-0.63%Jul 2025 | 1d | 1mo 8d | 1mo 8dJul 2025 - Aug 2025 | — |
-0.59%Apr 2024 | 20d | 23d | 1mo 13dMar 2024 - May 2024 | — |
-0.46%Aug 2025 | 1d | 16d | 16dAug 2025 - Sep 2025 | — |
Drawdown Indicators
| TAXX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -56.78% | +55.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -9.10% | +8.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.31% | -1.58% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -10.70% | +10.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 2.14% | -1.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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