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INTM vs TAXI

Invesco Intermediate Municipal ETF

INTMCCboe

Northern Trust Intermediate Tax-Exempt Bond ETF

TAXIANasdaq

Overlap

No data

Expense ratio

TAXI −0.30pt a year

INTM0.35%TAXI0.05%

Avg volume · 30D

TAXI 63.3×the volume

INTM995TAXI63K

INTM vs TAXI Performance

Oct 31, 2025 – Oct 30, 2026

+0.9%INTM+2.1%TAXI

Oct 31, 2025 to Oct 30, 2026. INTM +0.9%. TAXI +2.1%. Use the arrow keys to read each point.−2%−1%0%3%4%Oct 2025May 2026Oct 2026
Expense ratio
INTM 0.35%
TAXI 0.05%, better
Fund size
INTM $105M
TAXI $327M
1Y total return
INTM +0.9%
TAXI +2.1%, better
Yield (12M)
INTM 3.79%, better
TAXI 2.61%
Holdings
INTM 176
TAXI 4772
Avg volume (30D)
INTM 995 sh
TAXI 63K sh, better
NAV per share
INTM $50.29
TAXI $50.69
52W range

ETF.net Grade

INTM: Cost 24, Risk 56, Mission 85, Tradability 0, Holdings 38, Durability 37. TAXI: Cost 100, Risk 71, Mission 94, Tradability 64, Holdings 83, Durability 50.
Pillar letters and Scores for INTM, TAXI, with each pillar’s weight
PillarINTMTAXI
Cost30% weightF24A100Higher
Mission25% weightA85A94Higher
Risk15% weightB56A71Higher
Tradability15% weightF0B64Higher
Holdings10% weightD38A83Higher
Durability5% weightD37C50Higher

Rank among Intermediate Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. INTM and TAXI are both graded against the same 19 Intermediate Municipal Bonds funds, so their Grades compare head to head.

Intermediate Municipal Bonds⁠

Category · 19 funds
See all 19 ›

TAXI ranks 1st and INTM 16th of 19 funds in the Intermediate Municipal Bonds Category.

  1. Rank 1ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFScore 84
  2. Rank 2AITMVanEck Intermediate Muni ETFScore 77
  3. Rank 14CTXXIBondBloxx IR+M Tax-Aware Intermediate Duration ETFScore 49
  4. Rank 16CINTMInvesco Intermediate Municipal ETFScore 42
  5. Rank 17CFIMUFidelity Intermediate Municipal Income ETFScore 41

Our read on each fund

ETF.net Research

INTMCInvesco Intermediate Municipal ETF

TAXIANorthern Trust Intermediate Tax-Exempt Bond ETF

In short

INTM No data

TAXI The middle rung of Northern Trust's three-part muni lineup: intermediate maturities of 1 to 15 years, thousands of investment-grade bonds, federally tax-exempt income paid monthly, all for five basis points.

Stated mandate

INTM No data

TAXI The fund seeks to track the performance of the ICE Intermediate Term Focused Municipal Bond Index before fees and expenses. It is designed for tax-exempt income through passively managed, investment-grade municipal bonds with intermediate maturities of 1–15 years.

Why people hold it

INTM No data

  • TAXI Charges 0.05% where the typical muni fund charges 0.30%. That ties iShares' MUB and sits within a hair of the Vanguard and Schwab giants at the top of the aisle.
  • Roughly 2,500 investment-grade municipal bonds, sampled to track the ICE Intermediate Term Focused Municipal Bond Index. Breadth, not bond-picking, carries the credit risk.flexshares.com
  • Income is exempt from federal tax and paid monthly, and the index only counts bonds that also dodge the federal alternative minimum tax.stockanalysis.com
  • One setting on a three-position dial: short (TAXS), intermediate (TAXI) and all-maturity (TAXT) from the same desk, so you can shift rate exposure without switching shops.northerntrust.com

Worth knowing

INTM No data

  • TAXI It opened in August 2025. The record is short, so there is little history to judge it against older muni funds.
  • Trades lightly next to the category's household names, and its asset base is modest, which can show up as wider spreads at the moment you transact.
  • The 1 to 15 year band is a middle seat: less rate whiplash than long-dated munis, more price movement than a short-maturity fund. Bonds here still move when yields do.flexshares.com

Full INTM profile⁠

Full TAXI profile⁠

INTM vs TAXI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

INTM vs TAXI Cost

Overpaying INTM vs TAXI

$6,066

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • INTM 0.35%

    $7,126

  • TAXI 0.05%

    $1,060

$10,000
30 years

Cost over time

  • INTM 0.35%
  • TAXI 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530INTM $7,126TAXI $1,060

Year by year

YearINTMTAXIOverpaying
10$634$92$542
20$2,454$360$2,094
30$7,126$1,060$6,066

Expense ratio

  • 0.35%INTM
  • 0.05%TAXI, cheaper
  • Middle half of Intermediate Municipal Bonds funds
  • Median 0.30%

TAXI cheapest of 19 funds

INTM 12th cheapest of 19 funds

INTM vs TAXI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INTM 3.79%, better
TAXI 2.61%
Payout (12M)
INTM $1.90
TAXI $1.33
Last payment
INTM $0.18
TAXI $0.11
Ex-dividend
INTM Oct 19, 2026
TAXI Oct 1, 2026
Paid on
INTM Oct 23, 2026
TAXI Oct 7, 2026
Frequency
INTM Monthly
TAXI Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

INTMMonthly · 14 paymentsAll INTM payments⁠
One bar per payment. 14 payments from 2025 to 2026 YTD. Sep 22, 2025 $0.15; Oct 20, 2025 $0.15; Nov 24, 2025 $0.15; Dec 22, 2025 $0.15; Jan 20, 2026 $0.15; Feb 23, 2026 $0.15; Mar 23, 2026 $0.15; Apr 20, 2026 $0.15; May 18, 2026 $0.16; Jun 22, 2026 $0.16; Jul 20, 2026 $0.16; Aug 24, 2026 $0.16; Sep 21, 2026 $0.18; Oct 19, 2026 $0.18. Use the arrow keys to read each point.$0$0.202026YTD
TAXIMonthly · 14 paymentsAll TAXI payments⁠
One bar per payment. 14 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.05; Oct 1, 2025 $0.13; Nov 3, 2025 $0.13; Dec 1, 2025 $0.07; Dec 19, 2025 $0.06; Feb 2, 2026 $0.15; Mar 2, 2026 $0.11; Apr 1, 2026 $0.10; May 1, 2026 $0.12; Jun 1, 2026 $0.12; Jul 1, 2026 $0.11; Aug 3, 2026 $0.13; Sep 1, 2026 $0.13; Oct 1, 2026 $0.11. Use the arrow keys to read each point.$0$0.202026YTD

INTM vs TAXI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INTM 5.7%since Aug 2025TAXI 5.1%since Sep 2025
Return per unit of riskSharpe ratio, 3 years
INTM −0.002since Aug 2025TAXI −0.03since Sep 2025
Worst fallMax drawdown, 5 years
INTM −5.6%since Jul 2025TAXI −4.7%since Aug 2025
Market sensitivityBeta, 5 years
INTM 0.15TAXI 0.14

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