Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026ZTAXS&P 500 · VOO
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | 0.0% | +1.0% | −3.4% | −0.6% | −3.0% | +12.1% | — | +16.0% |
| Peer average | 0.0% | +2.9% | −0.9% | +0.3% | +0.6% | +14.6% | +2.5% | — |
| S&P 500 · VOO | +0.3% | −2.6% | −1.7% | +11.5% | +11.9% | +90.9% | +77.5% | — |
Key Statistics
Open all fund facts →- AUM
- $5M
- Expense ratio
- 0.92%
- Distribution yield
- 4.8%
- NAV
- $24.43
- Volume
- 159
- Avg. volume 30D
- 2K
- High today
- $24.35
- Low today
- $24.35
- Previous close
- $24.34
- 52-week high
- $28.65
- 52-week low
- $21.26
- Our risk indicator
- 2/5
ZTAX in One Breath
ZTAX Among Municipal ETFs
YTDEnd-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD
$10,000 in ZTAX
5Y$10,000 in ZTAX became
$11,601
In the S&P 500 (VOO)
$18,879
Total return, dividends in · May 19, 2023 – Nov 3, 2026 · S&P 500 uses VOO
ZTAX’s Top Holdings
TodayPuerto Rico SaPuerto Rico Sales Tax Financing Sales Tax Revenue39.9%Commonwealth28.0%Puerto Rico 19.8%Matching Fun8.5%Cash Equival2.0%Territory of1.8%
Puerto Rico SaPuerto Rico Sales Tax Financing Sales Tax Revenue39.9%Commonwealth28.0%Puerto Rico 19.8%Matching Fun8.5%Cash Equival2.0%Territory of
X-Square ZTAX · 0 holdings · tile size = share of the fund · as of Nov 3, 2026
What ZTAX Holds
TodayAll holdings100.0%
Puerto Ric 39.9 · Commonweal 28.0 · Puerto Ric 19.8 · Matching F 8.5 · Cash Equiv 2.0 · Territory 1.8
X-Square ZTAX · share of the fund · as of Nov 3, 2026
Puerto’s Share of ZTAX
Today39.9%
$399 of every $1,000 in ZTAX is Puerto
Puerto held by ZTAX
$2.0M
X-Square ZTAX · each square = $10 of $1,000 · as of Nov 3, 2026
ZTAX’s Share of Municipal ETFs
Today0.0%
of the $244B in 166 Municipal ETFs
$5.0M0.0%
$54.5B22.3%
$49.6B20.3%
$140B57.3%
Municipal ETF AUM · Nov 4, 2026
ZTAX Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 4, 2026
Inside ZTAX
as of Nov 3, 2026ZTAX
X-Square Municipal Income ETF
TodayAll holdings100.0%Puerto Rico Puerto Rico Sales Tax Financing Sales Tax Revenue39.9%Commonweal28.0%Puerto Ric19.8%Matching F8.5%Cash Equiv2.0%Territory 1.8%
All holdings100.0%Puerto Rico Puerto Rico Sales Tax Financing Sales Tax Revenue39.9%Commonweal28.0%Puerto Ric19.8%Matching F8.5%
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | Puerto Rico Sales Tax Financing Sales Tax Revenue | 39.95% |
| 2 | — | Commonwealth of Puerto Rico | 27.99% |
| 3 | — | Puerto Rico Commonwealth Aqueduct & Sewer Authority | 19.80% |
| 4 | — | Matching Fund Special Purpose Securitization | 8.53% |
| 5 | — | Cash Equivalent | 1.97% |
| 6 | — | Territory of Guam | 1.76% |
X-Square ZTAX · current holdings by weight · as of Nov 3, 2026 · each tile is one holding
How It Compares
ZTAX
X-Square Municipal Income ETF’s Peers
YTDMunicipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM
Head to Head
Put ZTAX head to head with MUB →MUB vs ZTAX
YTDYear to date
MUB wins+0.2 pts
Past year
MUB wins+3.1 pts
Fee
MUB winslower fee
Yield
ZTAX wins+1.5 pts
AUM
MUB10932.0× more
3–1MUB wins
iShares MUB and X-Square ZTAX · year-to-date · as of Nov 4, 2026 · AUM not scored
ZTAX vs VOO
YTDZTAX · X-Square Municipal Income
−0.6%
VOO · S&P 500
+11.5%
Gap
12.1 pts
X-Square ZTAX and Vanguard VOO · YTD total return · as of Nov 4, 2026
ZTAX vs Its Peer Average
YTDZTAXAvsBPeer average
1D0.0%0.0%
1M+1.0%+2.9%
3M−3.4%−0.9%
YTD−0.6%+0.3%
1Y−3.0%+0.6%
3Y+12.1%+14.6%
5Y[…]+2.5%
1–5Peer average wins
165 Municipal peers · each row scaled to its leader
The Details
ZTAX
Risk
1Y2/5our risk indicator
CalmerBumpier
Volatility · 1Y35.55%
Deepest drop · 1Y−23.8%
Lowest point · 5Y0.0%
52-week range
$24.35
$21.26−15.0% from the high$28.65
X-Square ZTAX · past-year price moves · as of Nov 4, 2026
ZTAX
Fund Facts
Today2023launched May 19
Tracks[…]
Exchange · CUSIPAMEX · 98422R104
StructureETF
Leverage1x
Cost on $10,000$92 a year
Go deeper
X-Square ZTAX · fund facts · as of Nov 4, 2026
ZTAX
Payouts by Year
4Y$0.0464per share, Oct 2026
Distribution yield4.8%
PaidEvery quarter
Latest ex-date · paidOct 2 · Oct 5, 2026
12 payouts added up$3.57 a share
X-Square ZTAX · distributions by ex-date · 2023–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.
Trading & Liquidity
Net asset value$24.43
Premium / discount[…]
Median spread · 30D[…]
Volume today159
Average volume · 30D2K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.92%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$92.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 2, 2026 | Oct 5, 2026 | $0.0464 |
| Jul 2, 2026 | Jul 6, 2026 | $0.55 |
| Apr 2, 2026 | Apr 6, 2026 | $0.0594 |
| Jan 2, 2026 | Jan 5, 2026 | $0.51 |
| Oct 2, 2025 | Oct 3, 2025 | $0.0594 |
| Jul 2, 2025 | Jul 7, 2025 | $0.52 |
| Apr 2, 2025 | Apr 4, 2025 | $0.0594 |
| Jan 2, 2025 | Jan 3, 2025 | $0.54 |
| Oct 2, 2024 | Oct 3, 2024 | $0.0690 |
| Jul 1, 2024 | Jul 2, 2024 | $0.54 |
| Apr 1, 2024 | Apr 3, 2024 | $0.0465 |
| Jan 2, 2024 | Jan 4, 2024 | $0.58 |
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