DSM vs TXXI
BNY Mellon Strategic Municipal Bond Fund Inc vs BondBloxx IR+M Tax-Aware Intermediate Duration ETF
Which is better, DSM or TXXI?
TXXI has been ahead.
TXXI has a lower expense ratio. TXXI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DSM | TXXI |
|---|---|---|
| Expense Ratio | 1.09% | 0.35%Best |
| AUM | $353M | $38M |
| Dividend Yield | 5.38% | 3.54% |
| Holdings | 232 | 329 |
| YTD Return | -5.02% | +0.39%Best |
| 1Y Return | -1.10% | +0.55%Best |
| 3Y Return (annualized) | +7.86% | - |
| 5Y Return (annualized) | -3.14% | - |
| Volatility (annualized) | 12.7% | 5.0%Best |
| Max Drawdown | -19.8% | -5.9%Best |
| $10,000 over 1.7 years | $10,439 | $10,486Best |
| Fund Family | BNY Mellon Investment Management | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 22, 1989 | Mar 13, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Mar 13, 2025 to Nov 11, 2026 (1.7 years).
DSM vs TXXI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
DSM vs TXXI Performance
BNY Mellon Strategic Municipal Bond Fund Inc (DSM) is an ETF from BNY Mellon Investment Management and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) is an ETF from BondBloxx. Over the past year DSM returned -1.10% while TXXI returned +0.55%. Year to date, DSM is down 5.02% versus a gain of 0.39% for TXXI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSM has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 5.0% for TXXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.8% for DSM and -5.9% for TXXI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DSM charges 1.09% per year while TXXI charges 0.35%. On a $10,000 position that is $109 vs $35 annually, a gap of $74 per year that compounds over a long holding period. On income, DSM currently yields 5.38% against 3.54% for TXXI.
Holdings Overlap
We hold position weights for 99 holdings in DSM and 86 in TXXI, totalling 41.0% and 43.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 5 positions appear in both.
5 positions in common, counted across the 99 positions we hold weights for in DSM and 86 in TXXI, against full books of 232 and 329.
Top Shared Holdings
| Stock | Weight in DSM | Weight in TXXI | Difference |
|---|---|---|---|
| AL BBEUTL 06/01/2049Black Belt Energy Gas Dist Ala 5.5% Feb 01, 2029 | 1.35% | 0.62% | 0.73% |
| AL SEEPWR 05/01/2055Southeast Energy Authority A Cooperative District 5 05/01/2055 | 1.35% | 0.34% | 1.01% |
| KY KYSPWR 05/01/2055Kentucky Public Energy Authority 5 2055-05-01 | 0.36% | 0.40% | 0.04% |
| CA CCEDEV 02/01/2055Ca Cmnyy Choice-F 5 2/1/2055 | 0.30% | 0.35% | 0.05% |
| AL ESDPWR 07/01/2054Energy S E Al A Cooperative 07/54 1 | 0.29% | 0.33% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of DSM and TXXI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DSM or TXXI?
DSM has an expense ratio of 1.09% while TXXI charges 0.35%. TXXI is the cheaper option, by $74 a year on a $10,000 investment.
Which performed better, DSM or TXXI?
Over the past year DSM returned -1.10% vs +0.55% for TXXI, so TXXI leads on 1-year performance. Over the longest common window we track (2 years), DSM annualized +2.56% vs +2.83% for TXXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSM or TXXI?
DSM has been the more volatile fund at 12.7% annualized versus 5.0% for TXXI. Worst drawdown: DSM -19.8% vs TXXI -5.9%.
Should I hold both DSM and TXXI?
DSM and TXXI have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, DSM or TXXI?
DSM yields 5.38% while TXXI yields 3.54%, so DSM currently pays the higher dividend yield.
Is TXXI better than DSM?
TXXI has a lower expense ratio. TXXI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.