TAXX vs. THYM

Last updated Aug 2, 2026

TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - TAXX is a Municipal Bonds fund actively managed by BondBloxx, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. Both are actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. TAXX charges 0.35%/yr vs 0.32%/yr for THYM.

Performance

TAXX vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and T. Rowe Price High Income Municipal ETF (THYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAXX achieves a 1.07% return, which is significantly lower than THYM's 2.25% return.

TAXX

• 1D: -0.03%
• 1M: -0.29%
• 6M: 0.59%
• YTD: 1.07%
• 1Y: 2.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.76%

THYM

• 1D: 0.00%
• 1M: -2.31%
• 6M: 1.43%
• YTD: 2.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	$1.35M	$2.98M	$3.14M
THYM T. Rowe Price High Income Municipal ETF	$170.69K	$138.29K	$131.50K

TAXX vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	1.07%	0.58%
THYM T. Rowe Price High Income Municipal ETF	2.25%	0.25%

Correlation

The correlation between TAXX and THYM is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.48

Return for Risk

TAXX vs. THYM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TAXX

TAXX Risk / Return Rank: 88
TAXX Sharpe Ratio Rank: 88
TAXX Sortino Ratio Rank: 89
TAXX Omega Ratio Rank: 92
TAXX Calmar Ratio Rank: 86
TAXX Martin Ratio Rank: 83

THYM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TAXX vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and T. Rowe Price High Income Municipal ETF (THYM). 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.

	TAXX	THYM	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	3.10	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.35	—	—
Martin ratio: Return relative to average drawdown	11.24	—	—

Drawdowns

TAXX vs. THYM - Drawdown Comparison

The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum THYM drawdown of -2.93%. Use the drawdown chart below to compare losses from any high point for TAXX and THYM.

Drawdown Indicators

	TAXX	THYM	Difference
Max Drawdown Largest peak-to-trough decline	-0.91%	-2.93%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-0.88%	—	—
Current Drawdown Current decline from peak	-0.31%	-2.31%	+2.00%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.55%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	—	—

Volatility

Volatility by Period

	TAXX	THYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.37%	4.41%	-3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.57%	4.41%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	4.41%	-2.84%

TAXX vs. THYM - Expense Ratio Comparison

TAXX has a 0.35% expense ratio, which is higher than THYM's 0.32% expense ratio.

Dividends

TAXX vs. THYM - Dividend Comparison

TAXX's dividend yield for the trailing twelve months is around 3.45%, more than THYM's 2.99% yield.

Position	TTM	2025	2024
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	3.14%	3.72%	2.70%
THYM T. Rowe Price High Income Municipal ETF	2.99%	0.37%	0.00%

Frequently Asked Questions

Can I hold both TAXX and THYM in my portfolio?

TAXX and THYM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TAXX or THYM?

On fees, THYM is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TAXX or THYM?

THYM is cheaper with a 0.32% expense ratio, compared with 0.35% for TAXX.

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

TAXX has the higher dividend yield at 3.14%, compared with 2.99% for THYM.

What is the main difference between TAXX and THYM?

TAXX is categorized as Municipal Bonds, while THYM is High Yield Muni. They also come from different issuers: BondBloxx and T. Rowe Price. Their fees differ too: 0.35% for TAXX and 0.32% for THYM.