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TAXF vs TLT

American Century Diversified Municipal Bond ETF vs iShares 20+ Year Treasury Bond ETF

TAXF

American Century Diversified Municipal Bond ETF

American Century Investments

Annual cost

0.27%

Fund size

$627M

TLT

iShares 20+ Year Treasury Bond ETF

iShares

Annual cost

0.15%

Fund size

$42.9B

Key differences

  • TLT costs 0.12% less per year.
  • TLT is significantly larger than TAXF — larger funds tend to be more liquid and less likely to close.
  • TAXF follows a active selection strategy; TLT uses index tracking.
  • Over the last 3 years, TAXF has delivered higher annualized returns.
  • TLT has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TAXFTLT
Annual cost (TER)0.27%0.15%
Fund size (AUM)$627M$42.9B
Since20182002
Dividend yield3.82%4.57%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+7.8%+5.5%
CAGR 3Y+4.2%-1.6%
CAGR 5Y+1.1%-5.8%
Sharpe 3Y0.15-0.30
Volatility 1Y3.13%9.95%
Max drawdown-13.94%-48.35%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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