BBBI vs. TAXX

Last updated Jun 6, 2026

BBBI (BondBloxx BBB Rated 5-10 Year Corporate Bond ETF) and TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) are both exchange-traded funds - BBBI is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate BBB 5-10 Year Index, while TAXX is a Municipal Bonds fund actively managed by BondBloxx. BBBI is passively managed, while TAXX is actively managed. Over the past year, BBBI returned 5.78% vs 3.90% for TAXX. A 0.55 correlation means they provide meaningful diversification when combined. BBBI charges 0.19%/yr vs 0.35%/yr for TAXX.

Performance

BBBI vs. TAXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBBI achieves a -0.10% return, which is significantly lower than TAXX's 1.07% return.

BBBI

• 1D: -0.56%
• 1M: -0.70%
• YTD: -0.10%
• 6M: 0.12%
• 1Y: 5.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAXX

• 1D: -0.04%
• 1M: 0.21%
• YTD: 1.07%
• 6M: 1.54%
• 1Y: 3.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBBI vs. TAXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	-0.10%	9.28%	4.63%
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	1.07%	4.52%	3.51%

Correlation

The correlation between BBBI and TAXX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.55

Over the past year, the correlation between BBBI and TAXX has dropped to 0.33 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

BBBI vs. TAXX - Sectors Allocation Comparison

Sectors	BBBI	TAXX
Consumer Defensive	0.2%	-
Healthcare	0.1%	-
Communication Services	0.1%	0.0%
Basic Materials	-	-
Consumer Cyclical	-	0.1%
Energy	-	-
Financial Services	-	0.1%
Industrials	-	0.1%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBBI vs. TAXX — Risk / Return Rank

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

BBBI

BBBI Risk / Return Rank: 44
BBBI Sharpe Ratio Rank: 45
BBBI Sortino Ratio Rank: 47
BBBI Omega Ratio Rank: 43
BBBI Calmar Ratio Rank: 43
BBBI Martin Ratio Rank: 44

TAXX

TAXX Risk / Return Rank: 81
TAXX Sharpe Ratio Rank: 75
TAXX Sortino Ratio Rank: 80
TAXX Omega Ratio Rank: 92
TAXX Calmar Ratio Rank: 84
TAXX Martin Ratio Rank: 74

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.

BBBI vs. TAXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). 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.

	BBBI	TAXX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.31	-0.86
Sortino ratio: Return per unit of downside risk	2.13	3.42	-1.29
Omega ratio: Gain probability vs. loss probability	1.26	1.59	-0.33
Calmar ratio: Return relative to maximum drawdown	1.97	4.43	-2.46
Martin ratio: Return relative to average drawdown	6.71	13.47	-6.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBBI vs. TAXX - Sharpe Ratio Comparison

The current BBBI Sharpe Ratio is 1.46, which is lower than the TAXX Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of BBBI and TAXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBBI	TAXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.31	-0.86
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	2.59	-1.45

Drawdowns

BBBI vs. TAXX - Drawdown Comparison

The maximum BBBI drawdown since its inception was -4.11%, which is greater than TAXX's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for BBBI and TAXX.

Drawdown Indicators

	BBBI	TAXX	Difference
Max Drawdown Largest peak-to-trough decline	-4.11%	-0.91%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-0.88%	-2.06%
Current Drawdown Current decline from peak	-1.61%	-0.04%	-1.57%
Average Drawdown Average peak-to-trough decline	-0.98%	-0.17%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	0.29%	+0.57%

Volatility

BBBI vs. TAXX - Volatility Comparison

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) has a higher volatility of 1.35% compared to Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) at 0.33%. This indicates that BBBI's price experiences larger fluctuations and is considered to be riskier than TAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBBI	TAXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	0.33%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	3.04%	0.84%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	1.69%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.02%	1.59%	+3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.02%	1.59%	+3.43%

BBBI vs. TAXX - Expense Ratio Comparison

BBBI has a 0.19% expense ratio, which is lower than TAXX's 0.35% expense ratio.

Dividends

BBBI vs. TAXX - Dividend Comparison

BBBI's dividend yield for the trailing twelve months is around 4.81%, more than TAXX's 3.50% yield.

Position	TTM	2025	2024
BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	4.81%	4.90%	4.61%
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	3.50%	3.72%	2.70%

Frequently Asked Questions

Can I hold both BBBI and TAXX in my portfolio?

BBBI and TAXX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBBI or TAXX?

BBBI has higher volatility (1.35%) compared to TAXX (0.33%). In terms of maximum drawdown, BBBI dropped -4.11% vs TAXX's -0.91%.

Which ETF is better, BBBI or TAXX?

On 1-year performance, BBBI leads with 5.78% vs 3.90% for TAXX. On fees, BBBI is cheaper at 0.19% per year. On volatility, TAXX has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBI or TAXX?

Over the 1-year period, BBBI has performed better with a 5.78% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBI or TAXX?

BBBI is cheaper with a 0.19% expense ratio, compared with 0.35% for TAXX.

Which ETF pays a higher dividend yield, BBBI or TAXX?

BBBI has the higher dividend yield at 4.81%, compared with 3.50% for TAXX.

What is the main difference between BBBI and TAXX?

BBBI is categorized as Corporate Bonds, while TAXX is Municipal Bonds. Their fees differ too: 0.19% for BBBI and 0.35% for TAXX.

Which has better risk-adjusted returns?

TAXX currently has the higher Sharpe Ratio (2.31 vs 1.46), 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.