Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TAXS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAXS
TAXS charges 0.05% annually. There are 2 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | TAXS vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 4.01B | Oct 2022 | TAXS vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | TAXS vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 162.98M | Aug 2025 | TAXS vs TAXI | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.51M | Aug 2025 | TAXS vs TAXT |
Best Risk-Adjusted Alternatives to TAXS
Among 110 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 8.64M | Sep 2024 | TAXS vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TAXS vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.98M | Nov 2018 | TAXS vs FUMB | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | TAXS vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 97 | 50.33M | Jul 2024 | TAXS vs GUMI |
Top Performing TAXS Alternatives (YTD)
TAXS is at 0.77% YTD. There are 63 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 3.63% | 4.54M | May 2023 | TAXS vs ZTAX | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.09% | 143.28M | Jun 2013 | TAXS vs RVNU | |
| NYLI MacKay Muni Allocation ETF | 2.44% | 28.01M | Dec 2025 | TAXS vs MMMA | |
| First Trust Flexible Municipal High Income ETF | 2.43% | 21.52M | Sep 2016 | TAXS vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 2.14% | 25.35M | Nov 2025 | TAXS vs THYM |
Lowest Volatility Alternatives to TAXS
TAXS has 1.04% 1-year volatility. There are 8 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 34.08M | Sep 2025 | TAXS vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.69% | 8.74M | Sep 2024 | TAXS vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 423.04M | Oct 2007 | TAXS vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | TAXS vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.64M | Sep 2024 | TAXS vs MYMG |
Lowest Drawdown Alternatives to TAXS
Among 110 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 245.98M | Nov 2018 | TAXS vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.27M | Sep 2019 | TAXS vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | TAXS vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 50.33M | Jul 2024 | TAXS vs GUMI | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 580.66M | Apr 2019 | TAXS vs IBMO |
Other ETFs from Northern Trust
The 10 most viewed Northern Trust ETFs shown here include GUNR, ESG, HYGV and span 10 categories. AUM among these funds goes as high as $7B.
Often Compared With TAXS
Investors most often compare TAXS with MYMK, FLMI, PVI. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare TAXS with Any Fund or Stock
Compare TAXS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAXS with funds that move differently
Northern Trust Short-Term Tax-Exempt Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAXS.
Explore TAXS Diversifiers