INMU vs. TAXX

Last updated Apr 11, 2026

INMU (BlackRock Intermediate Muni Income Bond ETF) and TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) are both Municipal Bonds funds. Both are actively managed. Over the past year, INMU returned 6.54% vs 4.60% for TAXX. At 0.39, their price movements are largely independent. INMU charges 0.30%/yr vs 0.35%/yr for TAXX.

Performance

INMU vs. TAXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Intermediate Muni Income Bond ETF (INMU) 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, INMU achieves a 1.07% return, which is significantly higher than TAXX's 0.48% return.

INMU

• 1D: 0.12%
• 1M: -0.27%
• YTD: 1.07%
• 6M: 2.26%
• 1Y: 6.54%
• 3Y*: 4.10%
• 5Y*: 1.88%
• 10Y*: —

TAXX

• 1D: 0.03%
• 1M: -0.25%
• YTD: 0.48%
• 6M: 1.24%
• 1Y: 4.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INMU vs. TAXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
INMU BlackRock Intermediate Muni Income Bond ETF	1.07%	5.52%	2.13%
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	0.48%	4.52%	3.51%

Correlation

The correlation between INMU and TAXX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.39

Over the past year, the correlation between INMU and TAXX has dropped to 0.18 — well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Return for Risk

INMU vs. TAXX — Risk / Return Rank

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

INMU

INMU Risk / Return Rank: 54
INMU Sharpe Ratio Rank: 48
INMU Sortino Ratio Rank: 44
INMU Omega Ratio Rank: 69
INMU Calmar Ratio Rank: 50
INMU Martin Ratio Rank: 59

TAXX

TAXX Risk / Return Rank: 81
TAXX Sharpe Ratio Rank: 75
TAXX Sortino Ratio Rank: 81
TAXX Omega Ratio Rank: 93
TAXX Calmar Ratio Rank: 81
TAXX Martin Ratio Rank: 75

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.

INMU vs. TAXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) 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.

	INMU	TAXX	Difference
Sharpe ratio Return per unit of total volatility	2.02	2.67	-0.65
Sortino ratio Return per unit of downside risk	2.70	4.03	-1.33
Omega ratio Gain probability vs. loss probability	1.47	1.69	-0.22
Calmar ratio Return relative to maximum drawdown	3.36	5.19	-1.83
Martin ratio Return relative to average drawdown	13.87	17.82	-3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INMU vs. TAXX - Sharpe Ratio Comparison

The current INMU Sharpe Ratio is 2.02, which is comparable to the TAXX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of INMU 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

	INMU	TAXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.67	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	2.54	-1.97

Drawdowns

INMU vs. TAXX - Drawdown Comparison

The maximum INMU drawdown since its inception was -10.67%, which is greater than TAXX's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for INMU and TAXX.

Drawdown Indicators

	INMU	TAXX	Difference
Max Drawdown Largest peak-to-trough decline	-10.67%	-0.91%	-9.76%
Max Drawdown (1Y) Largest decline over 1 year	-2.58%	-0.88%	-1.70%
Max Drawdown (5Y) Largest decline over 5 years	-10.67%	—	—
Current Drawdown Current decline from peak	-1.30%	-0.60%	-0.70%
Average Drawdown Average peak-to-trough decline	-2.86%	-0.16%	-2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	0.26%	+0.37%

Volatility

INMU vs. TAXX - Volatility Comparison

BlackRock Intermediate Muni Income Bond ETF (INMU) has a higher volatility of 1.36% compared to Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) at 0.50%. This indicates that INMU'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

	INMU	TAXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	0.50%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	1.90%	0.93%	+0.97%
Volatility (1Y) Calculated over the trailing 1-year period	3.31%	1.75%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.59%	1.63%	+1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.57%	1.63%	+1.94%

INMU vs. TAXX - Expense Ratio Comparison

INMU has a 0.30% expense ratio, which is lower than TAXX's 0.35% expense ratio.

Dividends

INMU vs. TAXX - Dividend Comparison

INMU's dividend yield for the trailing twelve months is around 3.36%, less than TAXX's 3.62% yield.

	TTM	2025	2024	2023	2022	2021
INMU BlackRock Intermediate Muni Income Bond ETF	3.36%	3.48%	3.47%	3.44%	1.92%	1.14%
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	3.62%	3.72%	2.70%	0.00%	0.00%	0.00%