TAXF vs IAT

Comparison between AMERICAN CENTURY DIVERSIFIED MUNICIPAL BOND ETF (TAXF, ETF) and ISHARES U.S. REGIONAL BANKS ETF (IAT, ETF).

5-Year PerformanceIAT has outperformed TAXF, delivering a return of +2.2% compared to +1.1%

TAXF vs IAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TAXF(ETF)	IAT(ETF)
Net Assets	$627M	$625M
Expense Ratio	0.27%	0.38%
Max Drawdown	15.69%	78.80%
Sharpe Ratio	1.36	1.11
5Y Beta	0.03	1.01
P/E Ratio	N/A	12.33
Forward P/E	N/A	11.13
PEG Ratio	N/A	0.39
5Y Dividends CAGR	11.45%	7.63%
5Y EPS CAGR	N/A	6.81%
Debt to Equity	N/A	54.03%
P/S Ratio	N/A	3.61
P/B Ratio	N/A	1.27

Net Assets

Winner

TAXF

$627M

IAT

$625M

Expense Ratio

Winner

TAXF

0.27%

IAT

0.38%

Max Drawdown

Winner

TAXF

15.69%

IAT

78.80%

Sharpe Ratio

Winner

TAXF

1.36

IAT

1.11

5Y Beta

Winner

TAXF

0.03

IAT

1.01

P/E Ratio

TAXF

N/A

IAT

12.33

Forward P/E

TAXF

N/A

IAT

11.13

PEG Ratio

TAXF

N/A

IAT

0.39

5Y Dividends CAGR

Winner

TAXF

11.45%

IAT

7.63%

5Y EPS CAGR

TAXF

N/A

IAT

6.81%

Debt to Equity

TAXF

N/A

IAT

54.03%

P/S Ratio

TAXF

N/A

IAT

3.61

P/B Ratio

TAXF

N/A

IAT

1.27

TAXF vs IAT - Historical Returns

Returns include dividend reinvestment.

Period	TAXF	IAT
1 month	+0.74%	+1.03%
3 months	+0.42%	+5.67%
6 months	+2.25%	+10.95%
1 year	+7.91%	+29.39%
5 years(CAGR)	+1.07%	+2.18%
10 years(CAGR)	N/A	+8.25%
Max(CAGR)	+2.88%	+3.34%

TAXF

+0.74%

Winner

IAT

+1.03%

TAXF

+0.42%

Winner

IAT

+5.67%

TAXF

+2.25%

Winner

IAT

+10.95%

TAXF

+7.91%

Winner

IAT

+29.39%

5Y(CAGR)

TAXF

+1.07%

Winner

IAT

+2.18%

10Y(CAGR)

TAXF

N/A

IAT

+8.25%

Max(CAGR)

TAXF

+2.88%

Winner

IAT

+3.34%

TAXF vs IAT - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	TAXF	IAT
2026	+1.68%	+5.65%
2025	+3.92%	+13.83%
2024	+2.02%	+23.07%
2023	+6.98%	-8.57%
2022	-9.59%	-22.25%
2021	+2.77%	+39.74%
2020	+5.37%	-7.86%
2019	+8.75%	+29.03%
2018	+0.64%	-17.78%
2017	N/A	+10.25%
2016	N/A	+35.82%
2015	N/A	+2.41%
2014	N/A	+8.94%
2013	N/A	+33.18%
2012	N/A	+15.22%
2011	N/A	-13.91%
2010	N/A	+18.93%
2009	N/A	-11.04%
2008	N/A	-31.81%
2007	N/A	-25.73%
2006	N/A	+6.02%

TAXF vs IAT Drawdown Comparison

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

The maximum drawdown for IAT was -77.21%, occurring on Mar 6, 2009. Recovery took 2465 trading sessions.

The current TAXF drawdown is -0.48%. The current IAT drawdown is -6.14%.

Rank	TAXF	IAT
#1	-13.94% Jul 19, 2021 - Sep 10, 2025	-77.21% Feb 20, 2007 - Dec 1, 2016
#2	-13.39% Mar 9, 2020 - Nov 23, 2020	-55.53% Jan 14, 2022 - Feb 4, 2026
#3	-2.93% Feb 27, 2026 - Mar 24, 2026	-52.03% Mar 9, 2018 - Jan 12, 2021
#4	-2.03% Feb 12, 2021 - May 25, 2021	-17.49% Feb 6, 2026 - Mar 13, 2026
#5	-1.58% Sep 4, 2019 - Dec 27, 2019	-13.86% May 17, 2021 - Oct 5, 2021
#6	-0.97% Sep 12, 2018 - Dec 4, 2018	-13.59% Mar 1, 2017 - Nov 29, 2017
#7	-0.55% Jun 10, 2021 - Jul 7, 2021	-10.68% Oct 22, 2021 - Jan 6, 2022
#8	-0.47% Jan 15, 2026 - Jan 30, 2026	-9.71% Jan 14, 2021 - Feb 9, 2021
#9	-0.43% Nov 11, 2025 - Nov 26, 2025	-7.34% Feb 1, 2018 - Mar 7, 2018
#10	-0.41% Nov 26, 2025 - Dec 23, 2025	-7.19% Mar 12, 2021 - Apr 27, 2021
#11	-0.32% Aug 15, 2019 - Aug 28, 2019	-5.42% Feb 24, 2021 - Mar 8, 2021
#12	-0.32% Sep 18, 2025 - Oct 1, 2025	-5.30% May 8, 2006 - Sep 20, 2006
#13	-0.30% Oct 24, 2025 - Nov 11, 2025	-4.22% Jan 4, 2017 - Jan 25, 2017
#14	-0.28% Jan 7, 2019 - Jan 14, 2019	-3.93% May 7, 2021 - May 14, 2021
#15	-0.27% Jan 31, 2020 - Feb 14, 2020	-2.99% Dec 27, 2006 - Feb 7, 2007

Correlation

Correlation between TAXF and IAT is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.67

-101

Dividend Comparison (2006 - 2026)

TAXF vs IAT dividend yield comparison.

Year	TAXF	IAT
2026	1.60%	0.44%
2025	3.68%	2.94%
2024	3.38%	2.95%
2023	2.93%	3.56%
2022	2.05%	3.12%
2021	1.58%	1.88%
2020	2.13%	2.87%
2019	2.64%	2.49%
2018	0.69%	2.48%
2017	0.00%	1.55%
2016	0.00%	1.52%
2015	0.00%	1.78%
2014	0.00%	1.68%
2013	0.00%	1.56%
2012	0.00%	1.96%
2011	0.00%	1.95%
2010	0.00%	1.11%
2009	0.00%	2.03%
2008	0.00%	5.21%
2007	0.00%	3.41%
2006	0.00%	2.30%