ASEC vs. TAXF
ASEC (American Century Securitized Credit ETF) and TAXF (American Century Diversified Municipal Bond ETF) are both exchange-traded funds - ASEC is a Mortgage Backed Securities fund actively managed by American Century, while TAXF is a Municipal Bonds fund actively managed by American Century. Both are actively managed. Their -0.00 correlation means they have often moved in opposite directions in the past. Both charge a 0.29% expense ratio.
Performance
ASEC vs. TAXF - Performance Comparison
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Returns By Period
ASEC
- 1D
- 0.06%
- 1M
- -0.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TAXF
- 1D
- 0.32%
- 1M
- -1.33%
- 6M
- 0.35%
- YTD
- 1.04%
- 1Y
- 6.98%
- 3Y*
- 3.52%
- 5Y*
- 0.72%
- 10Y*
- —
- ALL TIME*
- 2.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $734.43 | $3.06K | $464.20K | |
| $2.20M | $2.58M | $2.50M |
ASEC vs. TAXF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ASEC American Century Securitized Credit ETF | -0.09% |
TAXF American Century Diversified Municipal Bond ETF | -0.31% |
Correlation
The correlation between ASEC and TAXF is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | -0.00 |
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Return for Risk
ASEC vs. TAXF — Risk / Return Rank
ASEC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TAXF
ASEC vs. TAXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Securitized Credit ETF (ASEC) 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.
| ASEC | TAXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.40 | — |
| Martin ratioReturn relative to average drawdown | — | 8.37 | — |
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Drawdowns
ASEC vs. TAXF - Drawdown Comparison
The maximum ASEC drawdown since its inception was -0.46%, smaller than the maximum TAXF drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for ASEC and TAXF.
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Drawdown Indicators
| ASEC | TAXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.46% | -13.93% | +13.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.87% | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.61% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -3.10% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.84% | — |
Volatility
ASEC vs. TAXF - Volatility Comparison
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Volatility by Period
| ASEC | TAXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 3.16% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.39% | 4.24% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.39% | 4.64% | -3.25% |
ASEC vs. TAXF - Expense Ratio Comparison
Both ASEC and TAXF have an expense ratio of 0.29%.
Dividends
ASEC vs. TAXF - Dividend Comparison
ASEC's dividend yield for the trailing twelve months is around 0.46%, less than TAXF's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ASEC American Century Securitized Credit ETF | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAXF American Century Diversified Municipal Bond ETF | 3.83% | 3.68% | 3.38% | 2.93% | 2.05% | 1.58% | 2.13% | 2.64% | 0.69% |
Frequently Asked Questions
ASEC and TAXF have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ASEC and TAXF have the same expense ratio: 0.29% per year.
TAXF has the higher dividend yield at 3.83%, compared with 0.46% for ASEC.
ASEC is categorized as Mortgage Backed Securities, while TAXF is Municipal Bonds.
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