TAXF vs DBJP

Comparison between AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF (TAXF, ETF) and XTRACKERS MSCI JAPAN HEDGED EQUITY ETF (DBJP, ETF).

5-Year PerformanceDBJP has outperformed TAXF, delivering a return of +22.9% compared to +1.1%

TAXF vs DBJP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TAXF(ETF)	DBJP(ETF)
Net Assets	$660M	$660M
Expense Ratio	0.27%	0.45%
Max Drawdown	15.69%	35.33%
Sharpe Ratio	1.20	2.33
5Y Beta	0.03	1.00
5Y Dividends CAGR	11.45%	28.55%

Net Assets

TAXF

$660M

Winner

DBJP

$660M

Expense Ratio

Winner

TAXF

0.27%

DBJP

0.45%

Max Drawdown

Winner

TAXF

15.69%

DBJP

35.33%

Sharpe Ratio

TAXF

1.20

Winner

DBJP

2.33

5Y Beta

Winner

TAXF

0.03

DBJP

1.00

5Y Dividends CAGR

TAXF

11.45%

Winner

DBJP

28.55%

TAXF vs DBJP - Historical Returns

Returns include dividend reinvestment.

Period	TAXF	DBJP
1 month	+1.54%	+8.32%
3 months	+1.42%	+17.08%
6 months	+2.34%	+27.62%
1 year	+7.70%	+58.06%
5 years(CAGR)	+1.08%	+22.94%
10 years(CAGR)	N/A	+17.61%
Max(CAGR)	+2.90%	+14.44%

TAXF

+1.54%

Winner

DBJP

+8.32%

TAXF

+1.42%

Winner

DBJP

+17.08%

TAXF

+2.34%

Winner

DBJP

+27.62%

TAXF

+7.70%

Winner

DBJP

+58.06%

5Y(CAGR)

TAXF

+1.08%

Winner

DBJP

+22.94%

10Y(CAGR)

TAXF

N/A

DBJP

+17.61%

Max(CAGR)

TAXF

+2.90%

Winner

DBJP

+14.44%

TAXF vs DBJP - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TAXF	DBJP
2026	+1.94%	+24.22%
2025	+3.92%	+29.38%
2024	+2.02%	+25.78%
2023	+6.98%	+35.59%
2022	-9.59%	-4.41%
2021	+2.77%	+14.29%
2020	+5.37%	+9.53%
2019	+8.75%	+20.92%
2018	+0.64%	-14.99%
2017	N/A	+19.45%
2016	N/A	+1.39%
2015	N/A	+7.96%
2014	N/A	+7.71%
2013	N/A	+45.05%
2012	N/A	+20.70%
2011	N/A	-12.58%

TAXF vs DBJP Drawdown Comparison

The maximum drawdown for TAXF was -13.94%, occurring on Oct 26, 2022. Recovery took 1041 trading sessions.

The maximum drawdown for DBJP was -31.30%, occurring on Mar 16, 2020. Recovery took 192 trading sessions.

The current TAXF drawdown is -0.23%.

Rank	TAXF	DBJP
#1	-13.94% Jul 19, 2021 - Sep 10, 2025	-31.30% Feb 6, 2020 - Nov 9, 2020
#2	-13.39% Mar 9, 2020 - Nov 23, 2020	-29.53% Aug 10, 2015 - Oct 11, 2017
#3	-2.93% Feb 27, 2026 - Mar 24, 2026	-21.59% Jan 22, 2018 - Feb 6, 2020
#4	-2.03% Feb 12, 2021 - May 25, 2021	-21.50% Jul 10, 2024 - Jun 27, 2025
#5	-1.58% Sep 4, 2019 - Dec 27, 2019	-21.37% Jul 7, 2011 - Jan 2, 2013
#6	-0.97% Sep 12, 2018 - Dec 4, 2018	-18.25% May 21, 2013 - Dec 23, 2013
#7	-0.55% Jun 10, 2021 - Jul 7, 2021	-15.79% Sep 13, 2021 - Nov 22, 2022
#8	-0.47% Jan 15, 2026 - Jan 30, 2026	-14.85% Dec 30, 2013 - Sep 18, 2014
#9	-0.43% Nov 11, 2025 - Nov 26, 2025	-11.37% Sep 26, 2014 - Oct 31, 2014
#10	-0.41% Nov 26, 2025 - Dec 23, 2025	-10.39% Feb 25, 2026 - May 8, 2026
#11	-0.32% Aug 15, 2019 - Aug 28, 2019	-9.06% Jun 1, 2015 - Aug 10, 2015
#12	-0.32% Sep 18, 2025 - Oct 1, 2025	-8.66% Dec 5, 2014 - Feb 17, 2015
#13	-0.30% Oct 24, 2025 - Nov 11, 2025	-8.30% Nov 25, 2022 - Mar 3, 2023
#14	-0.28% Jan 7, 2019 - Jan 14, 2019	-7.73% Sep 19, 2023 - Nov 17, 2023
#15	-0.27% Jan 31, 2020 - Feb 14, 2020	-7.44% Mar 8, 2023 - Apr 17, 2023

Correlation

Correlation between TAXF and DBJP is 0.74 which considered as a strong positive correlation - the stocks tend to move together.

0.74

-101

Dividend Comparison (2011 - 2026)

TAXF vs DBJP dividend yield comparison.

Year	TAXF	DBJP
2026	1.60%	1.19%
2025	3.68%	2.81%
2024	3.38%	2.80%
2023	2.93%	5.21%
2022	2.05%	0.80%
2021	1.58%	2.30%
2020	2.13%	2.53%
2019	2.64%	2.56%
2018	0.69%	3.87%
2017	0.00%	2.07%
2016	0.00%	1.12%
2015	0.00%	5.95%
2014	0.00%	10.53%
2013	0.00%	1.84%
2012	0.00%	1.55%
2011	0.00%	0.78%