ACGR vs. TAXF

Last updated Jun 24, 2026

ACGR (American Century Large Cap Growth ETF) and TAXF (American Century Diversified Municipal Bond ETF) are both exchange-traded funds - ACGR is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while TAXF is a Municipal Bonds fund actively managed by American Century. ACGR is passively managed, while TAXF is actively managed. Over the past 5 years, ACGR returned 13.01%/yr vs 1.13%/yr for TAXF. At a 0.12 correlation, their price movements are largely independent. ACGR charges 0.39%/yr vs 0.29%/yr for TAXF.

Performance

ACGR vs. TAXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Large Cap Growth ETF (ACGR) and American Century Diversified Municipal Bond ETF (TAXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ACGR having a 2.14% return and TAXF slightly higher at 2.22%.

ACGR

• 1D: -1.21%
• 1M: -4.20%
• YTD: 2.14%
• 6M: 1.12%
• 1Y: 17.42%
• 3Y*: 18.74%
• 5Y*: 13.01%
• 10Y*: —

TAXF

• 1D: 0.00%
• 1M: 1.52%
• YTD: 2.22%
• 6M: 2.18%
• 1Y: 7.39%
• 3Y*: 3.96%
• 5Y*: 1.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACGR vs. TAXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ACGR American Century Large Cap Growth ETF	2.14%	14.50%	26.66%	43.24%	-30.13%	39.24%	11.27%
TAXF American Century Diversified Municipal Bond ETF	2.22%	4.30%	1.74%	7.33%	-9.64%	2.72%	4.41%

Correlation

The correlation between ACGR and TAXF is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.12

Return for Risk

ACGR vs. TAXF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACGR

ACGR Risk / Return Rank: 29
ACGR Sharpe Ratio Rank: 32
ACGR Sortino Ratio Rank: 30
ACGR Omega Ratio Rank: 30
ACGR Calmar Ratio Rank: 25
ACGR Martin Ratio Rank: 28

TAXF

TAXF Risk / Return Rank: 74
TAXF Sharpe Ratio Rank: 83
TAXF Sortino Ratio Rank: 86
TAXF Omega Ratio Rank: 90
TAXF Calmar Ratio Rank: 55
TAXF Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACGR vs. TAXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Large Cap Growth ETF (ACGR) and American Century Diversified Municipal Bond ETF (TAXF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ACGR	TAXF	Difference
Sharpe ratio: Return per unit of total volatility	1.08	2.48	-1.39
Sortino ratio: Return per unit of downside risk	1.54	3.59	-2.06
Omega ratio: Gain probability vs. loss probability	1.19	1.53	-0.34
Calmar ratio: Return relative to maximum drawdown	1.10	2.53	-1.43
Martin ratio: Return relative to average drawdown	3.64	9.09	-5.44

ACGR vs. TAXF - Sharpe Ratio Comparison

The current ACGR Sharpe Ratio is 1.08, which is lower than the TAXF Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of ACGR and TAXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACGR vs. TAXF - Drawdown Comparison

The maximum ACGR drawdown since its inception was -34.54%, which is greater than TAXF's maximum drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for ACGR and TAXF.

Drawdown Indicators

	ACGR	TAXF	Difference
Max Drawdown Largest peak-to-trough decline	-34.54%	-13.93%	-20.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.84%	-2.93%	-12.91%
Max Drawdown (3Y) Largest decline over 3 years	-24.58%	-5.53%	-19.05%
Max Drawdown (5Y) Largest decline over 5 years	-34.54%	-13.93%	-20.61%
Current Drawdown Current decline from peak	-6.48%	-0.22%	-6.26%
Average Drawdown Average peak-to-trough decline	-8.46%	-3.13%	-5.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	0.81%	+3.98%

Volatility

ACGR vs. TAXF - Volatility Comparison

American Century Large Cap Growth ETF (ACGR) has a higher volatility of 5.97% compared to American Century Diversified Municipal Bond ETF (TAXF) at 0.75%. This indicates that ACGR's price experiences larger fluctuations and is considered to be riskier than TAXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACGR	TAXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	0.75%	+5.22%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	2.28%	+10.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	3.00%	+13.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	4.20%	+17.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.43%	4.64%	+16.79%

ACGR vs. TAXF - Expense Ratio Comparison

ACGR has a 0.39% expense ratio, which is higher than TAXF's 0.29% expense ratio.

Dividends

ACGR vs. TAXF - Dividend Comparison

ACGR's dividend yield for the trailing twelve months is around 0.16%, less than TAXF's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ACGR American Century Large Cap Growth ETF	0.16%	0.11%	0.23%	0.37%	0.48%	0.58%	1.44%	0.00%	0.00%
TAXF American Century Diversified Municipal Bond ETF	3.76%	3.68%	3.38%	2.93%	2.05%	1.58%	2.13%	2.64%	0.69%

Frequently Asked Questions

Can I hold both ACGR and TAXF in my portfolio?

ACGR and TAXF have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACGR or TAXF?

ACGR has higher volatility (5.97%) compared to TAXF (0.75%). In terms of maximum drawdown, ACGR dropped -34.54% vs TAXF's -13.93%.

Which ETF is better, ACGR or TAXF?

On 5-year performance, ACGR leads with 13.01% vs 1.13% for TAXF. On fees, TAXF is cheaper at 0.29% per year. On volatility, TAXF has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACGR or TAXF?

Over the 5-year period, ACGR has performed better with a 13.01% return vs 1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACGR or TAXF?

TAXF is cheaper with a 0.29% expense ratio, compared with 0.39% for ACGR.

Which ETF pays a higher dividend yield, ACGR or TAXF?

TAXF has the higher dividend yield at 3.76%, compared with 0.16% for ACGR.

What is the main difference between ACGR and TAXF?

ACGR is categorized as Large Cap Growth Equities, while TAXF is Municipal Bonds. Their fees differ too: 0.39% for ACGR and 0.29% for TAXF.

Which has better risk-adjusted returns?

TAXF currently has the higher Sharpe Ratio (2.48 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.