BondBloxx IR+M Tax-Aware Short Duration ETF
$49.91+0.04 (+0.07%)
- 0.35%
- $283M
- +1.5%
- 3.50%
- 0.1M sh
- $49.85
- low $49.72high $51.20
The ETF.net TAXX Grade
C
Score 54 out of 100
- 23 of 28
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 25 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 9 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A73 out of 100Rank 5 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 17 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 19 of 28
Our read on TAXX
CMost muni ETFs can only buy munis. TAXX is run actively to chase the best after-tax income across two markets, keeping at least half in federally tax-exempt bonds and the rest in short-duration taxable debt.
The Fund seeks attractive after-tax income while preserving capital. It is actively managed and invests in diversified municipal and taxable short-duration fixed-income securities, normally allocating at least 50% of assets to federally tax-exempt municipal securities.
Why people hold it
- Hunts income in two markets: at least 50% federally tax-exempt munis, the rest short-duration taxable bonds, with a manager choosing whichever pays more after tax.
- Short duration by design, with capital preservation written into the stated objective, so less rate whiplash than long-dated muni portfolios carry.
- No index to hug. The mix can shift as the tax math between munis and taxable bonds changes, rather than sitting where a benchmark says to sit.
Worth knowing
- At 0.35% a year, it costs more than plain-vanilla muni index trackers like VTEB and SCMB at 0.03%, and fees bite harder in short-duration bonds.
- Launched in 2024, so its track record is short and hasn't been tested across a full rate cycle.
- Payouts come on an irregular schedule rather than the fixed monthly rhythm many muni funds keep, so income timing takes planning.
TAXX Holdings
- Bonds
- 289
- 15%
- Us T Bill Zcp 11/12/26
Sectors
- Financials100.0%
Geography
- United States92.59%
- Canada7.41%
TAXX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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TAXX$10,151
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TAXX |
|---|---|
| Year to date | +0.7% |
| 1 month | −0.4% |
| 3 months | −0.6% |
| 1 year | +1.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TAXX |
|---|---|---|
| 2026 YTD | +0.7% | |
| 2025 | +4.5% | |
| 2024 | +3.5% |
TAXX in the news
TAXX Dividends
- 3.50%
- $1.74
- $0.15 per share
- Monthly
Distribution history
TAXX Risk
- 1.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.61
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TAXX Cost
0.35%
TAXX0.35%
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
23 of the 27 Short-Duration Municipal Bonds funds charge less.
Other funds in Short-Duration Municipal Bonds
- BSMMUPIMCO Short Term Municipal Bond Active Exchange-Traded FundExpense ratio 0.35%1 year return +1.2%
- BPVIInvesco Floating Rate Municipal Income ETFExpense ratio 0.25%1 year return +2.2%
- CZMUNF/m Ultrashort Tax-Free Municipal ETFExpense ratio 0.30%1 year return +2.6%
- CBKMSBNY Mellon Municipal Short Duration ETFExpense ratio 0.35%1 year return —
- CSTAXNomura Tax-Free USA Short Term ETFExpense ratio 0.29%1 year return +0.1%