Skip to content
etf.net

TAXX vs VSDM

BondBloxx IR+M Tax-Aware Short Duration ETF

TAXXCNYSE Arca

Vanguard Short Duration Tax-Exempt Bond ETF

VSDMACboe

Overlap

No data

Expense ratio

VSDM −0.23pt a year

TAXX0.35%VSDM0.12%

Avg volume · 30D

VSDM 5.7×the volume

TAXX45.3KVSDM258K

TAXX vs VSDM Performance

Oct 31, 2025 – Oct 30, 2026

+2.4%TAXX+2.0%VSDM

Oct 31, 2025 to Oct 30, 2026. TAXX +2.4%. VSDM +2.0%. Use the arrow keys to read each point.−0.5%0%0.5%1%1.5%Oct 2025Apr 2026Oct 2026
Expense ratio
TAXX 0.35%
VSDM 0.12%, better
Fund size
TAXX $276M
VSDM $1.2B
1Y total return
TAXX +2.4%, better
VSDM +2.0%
Yield (12M)
TAXX 3.47%, better
VSDM 3.12%
Holdings
TAXX 285
VSDM 3315
Avg volume (30D)
TAXX 45.3K sh
VSDM 258K sh, better
NAV per share
TAXX $50.33
VSDM $75.79
52W range

ETF.net Grade

TAXX: Cost 11, Risk 54, Mission 100, Tradability 66, Holdings 53, Durability 46. VSDM: Cost 85, Risk 48, Mission 100, Tradability 78, Holdings 75, Durability 62.
Pillar letters and Scores for TAXX, VSDM, with each pillar’s weight
PillarTAXXVSDM
Cost30% weightF11A85Higher
Mission25% weightA100A100
Risk15% weightC54HigherC48
Tradability15% weightB66A78Higher
Holdings10% weightC53A75Higher
Durability5% weightC46B62Higher

Rank among Short-Duration 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. TAXX and VSDM are both graded against the same 27 Short-Duration Municipal Bonds funds, so their Grades compare head to head.

Short-Duration Municipal Bonds⁠

Category · 27 funds
See all 27 ›

VSDM ranks 2nd and TAXX 22nd of 27 funds in the Short-Duration Municipal Bonds Category.

  1. Rank 1AVTESVanguard Short-Term Tax-Exempt Bond ETFScore 81
  2. Rank 2ASUBiShares Short-Term National Muni Bond ETFScore 80
  3. Rank 2AVSDMVanguard Short Duration Tax-Exempt Bond ETFScore 80
  4. Rank 4ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFScore 77
  5. Rank 22CPVIInvesco Floating Rate Municipal Income ETFScore 53
  6. Rank 22CTAXXBondBloxx IR+M Tax-Aware Short Duration ETFScore 53
  7. Rank 24CFSMBFirst Trust Short Duration Managed Municipal ETFScore 52

Our read on each fund

ETF.net Research

TAXXCBondBloxx IR+M Tax-Aware Short Duration ETF

VSDMAVanguard Short Duration Tax-Exempt Bond ETF

In short

TAXX Most 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.

VSDM No data

Stated mandate

TAXX 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.

VSDM No data

Why people hold it

  • TAXX 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.

VSDM No data

Worth knowing

  • TAXX 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.

VSDM No data

Full TAXX profile⁠

Full VSDM profile⁠

TAXX vs VSDM 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.

TAXX vs VSDM Cost

Overpaying TAXX vs VSDM

$4,606

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

  • TAXX 0.35%

    $7,126

  • VSDM 0.12%

    $2,520

$10,000
30 years

Cost over time

  • TAXX 0.35%
  • VSDM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530TAXX $7,126VSDM $2,520

Year by year

YearTAXXVSDMOverpaying
10$634$220$414
20$2,454$859$1,595
30$7,126$2,520$4,606

Expense ratio

  • 0.35%TAXX
  • 0.12%VSDM, cheaper
  • Middle half of Short-Duration Municipal Bonds funds
  • Median 0.21%

VSDM 5th cheapest of 27 funds

TAXX 23rd cheapest of 27 funds

TAXX vs VSDM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TAXX 3.47%, better
VSDM 3.12%
Payout (12M)
TAXX $1.74
VSDM $2.37
Last payment
TAXX $0.15
VSDM $0.19
Ex-dividend
TAXX Oct 1, 2026
VSDM Oct 1, 2026
Paid on
TAXX Oct 6, 2026
VSDM Oct 5, 2026
Frequency
TAXX Monthly
VSDM Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

TAXXMonthly · 30 paymentsAll TAXX payments⁠
One bar per payment. 30 payments from 2024 to 2026 YTD. May 1, 2024 $0.15; Jun 3, 2024 $0.17; Jul 1, 2024 $0.14; Aug 1, 2024 $0.16; Sep 3, 2024 $0.15; Oct 1, 2024 $0.15; Nov 1, 2024 $0.15; Dec 2, 2024 $0.14; Dec 30, 2024 $0.16; Feb 3, 2025 $0.15; Mar 3, 2025 $0.14; Apr 1, 2025 $0.16; May 1, 2025 $0.15; Jun 2, 2025 $0.16; Jul 1, 2025 $0.15; Aug 1, 2025 $0.16; Sep 2, 2025 $0.15; Oct 1, 2025 $0.15; Nov 3, 2025 $0.14; Dec 1, 2025 $0.14; Dec 30, 2025 $0.23; Feb 2, 2026 $0.18; Mar 2, 2026 $0.16; Apr 1, 2026 $0.06; May 1, 2026 $0.10; Jun 1, 2026 $0.15; Jul 1, 2026 $0.13; Aug 3, 2026 $0.16; Sep 1, 2026 $0.15; Oct 1, 2026 $0.15. Use the arrow keys to read each point.$0$0.252026YTD
VSDMMonthly · 22 paymentsAll VSDM payments⁠
One bar per payment. 22 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.26; Feb 3, 2025 $0.20; Mar 3, 2025 $0.20; Apr 1, 2025 $0.16; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.19; Aug 1, 2025 $0.19; Sep 2, 2025 $0.20; Oct 1, 2025 $0.20; Nov 3, 2025 $0.20; Dec 1, 2025 $0.20; Dec 18, 2025 $0.20; Feb 2, 2026 $0.19; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.19. Use the arrow keys to read each point.$0$0.252026YTD

TAXX vs VSDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TAXX 1.7%since Apr 2024VSDM 2.9%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
TAXX −0.37since Apr 2024VSDM −0.26since Dec 2024
Worst fallMax drawdown, 5 years
TAXX −1.3%since Mar 2024VSDM −2.8%since Nov 2024
Market sensitivityBeta, 5 years
TAXX 0.07VSDM 0.09

Popular comparisons

  • TAXXCvsVTESA

    BondBloxx IR+M Tax-Aware Short Duration ETF · Vanguard Short-Term Tax-Exempt Bond ETF

    Expense ratio
    0.35% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VSDMAvsVTESA

    Vanguard Short Duration Tax-Exempt Bond ETF · Vanguard Short-Term Tax-Exempt Bond ETF

    Expense ratio
    0.12% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TAXXCvsSUBA

    BondBloxx IR+M Tax-Aware Short Duration ETF · iShares Short-Term National Muni Bond ETF

    Expense ratio
    0.35% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VSDMAvsSUBA

    Vanguard Short Duration Tax-Exempt Bond ETF · iShares Short-Term National Muni Bond ETF

    Expense ratio
    0.12% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TAXXCvsTAXSA

    BondBloxx IR+M Tax-Aware Short Duration ETF · Northern Trust Short-Term Tax-Exempt Bond ETF

    Expense ratio
    0.35% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VSDMAvsTAXSA

    Vanguard Short Duration Tax-Exempt Bond ETF · Northern Trust Short-Term Tax-Exempt Bond ETF

    Expense ratio
    0.12% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.