CGMU vs TAXI
Capital Group Municipal Income ETF against Northern Trust Intermediate Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
4%
81 shared positions
Fee gap
22 bp
TAXI is cheaper
1-year return gap
1.9 pts
TAXI is ahead
Larger fund
CGMU
$7.4B
Side by side
| CGMU | TAXI | |
|---|---|---|
| Fund | Capital Group Municipal Income ETF | Northern Trust Intermediate Tax-Exempt Bond ETF |
| Issuer | Capital Group | Northern Trust FlexShares |
| Category | National Muni | National Muni |
| Expense ratio | 0.27% | 0.05% |
| Assets | $7.4B | $160M |
| Average daily dollar volume | $102M | $6.3M |
| Listed | Oct 25, 2022 | Aug 18, 2025 |
| FrenzyCap score | 82 | 75 |
| 1-month return | +2.5% | +3.0% |
| 3-month return | −1.6% | −0.4% |
| Year to date | −2.4% | −1.5% |
| 1-year return | −2.8% | −0.9% |
| 30-day volatility | 5.7% | 4.6% |
| Worst drawdown, 1 year | −7.7% | −6.3% |
| Trailing 12-month yield | 3.46% | 2.63% |
| Holdings | 2,657 | 2,397 |
| Top 10 weight | 5.9% | 1.6% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$690M thru Jun 2026 | +$46M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 23, 2026issuer data | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
6% of CGMU · 6% of TAXI| Holding | CGMU | TAXI |
|---|---|---|
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 09/35 FIXED 5, due Sep 15, 2035 | 0.16% | 0.15% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 10/55 ADJUSTABLE VAR, due Oct 15, 2055 | 0.16% | 0.15% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR, due Dec 15, 2055 | 0.17% | 0.13% |
| CENTRL VLY CA ENERGY AUTH COMM CTVPWR 08/34 FIXED 5, due Aug 15, 2034 | 0.26% | 0.12% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 10/30 FIXED 5, due Oct 15, 2030 | 0.55% | 0.12% |
| S E ALABAMA ST GAS SPLY DIST G SOUUTL 06/49 ADJUSTABLE VAR, due Jun 15, 2049 | 0.14% | 0.10% |
| ENERGY S E AL A COOPERATIVE DI ESDPWR 07/54 ADJUSTABLE VAR, due Jul 15, 2054 | 0.15% | 0.10% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 06/36 FIXED 5, due Jun 15, 2036 | 0.37% | 0.10% |
| PEFA INC IA GAS PROJ REVENUE PEFUTL 04/35 FIXED 5, due Apr 15, 2035 | 0.09% | 0.13% |
| SALES TAX SECURITIZATION CORP STSGEN 01/40 FIXED 5, due Jan 15, 2040 | 0.10% | 0.09% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 11/36 FIXED 5, due Nov 15, 2036 | 0.21% | 0.09% |
| MAIN STREET NATURAL GAS INC GA MAIUTL 05/54 ADJUSTABLE VAR, due May 15, 2054 | 0.08% | 0.12% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/34 FIXED 5, due Dec 15, 2034 | 0.12% | 0.08% |
| NEW MEXICO ST MUNI ENERGY ACQU NMSPWR 06/54 ADJUSTABLE VAR, due Jun 15, 2054 | 0.08% | 0.08% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR, due Mar 15, 2055 | 0.07% | 0.13% |
| SOUTHEAST ENERGY AUTH AL COOPE SEEPWR 11/55 ADJUSTABLE VAR, due Nov 15, 2055 | 0.07% | 0.15% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 03/56 ADJUSTABLE VAR, due Mar 15, 2056 | 0.07% | 0.17% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 03/55 ADJUSTABLE VAR, due Mar 15, 2055 | 0.21% | 0.07% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 06/36 FIXED 5.25, due Jun 15, 2036 | 0.47% | 0.07% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/55 ADJUSTABLE VAR, due Feb 15, 2055 | 0.07% | 0.11% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5, due Nov 15, 2035 | 0.10% | 0.07% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR, due Dec 15, 2055 | 0.06% | 0.11% |
| WASHINGTON ST WAS 08/39 FIXED 5, due Aug 15, 2039 | 0.14% | 0.06% |
| KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/36 FIXED 5, due May 15, 2036 | 0.06% | 0.08% |
| SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 12/51 ADJUSTABLE VAR, due Dec 15, 2051 | 0.06% | 0.15% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CGMU holdings · TAXI holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.