Northern Trust Tax-Exempt Bond ETF (TAXT) 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 TAXT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAXT
TAXT 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% | 47.60B | Aug 2015 | TAXT vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | TAXT vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | TAXT vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | TAXT vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | TAXT vs TAXS |
Best Risk-Adjusted Alternatives to TAXT
Among 107 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 | 9.88M | Sep 2024 | TAXT vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | TAXT vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TAXT vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | TAXT vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | TAXT vs GUMI |
Top Performing TAXT Alternatives (YTD)
TAXT is at 1.66% YTD. There are 67 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | TAXT vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.35% | 19.03M | Sep 2016 | TAXT vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.16% | 25.43M | Nov 2025 | TAXT vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.87% | 18.13M | Oct 2020 | TAXT vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | TAXT vs OVM |
Lowest Volatility Alternatives to TAXT
TAXT has 2.54% 1-year volatility. There are 59 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% | 30.59M | Sep 2025 | TAXT vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | TAXT vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | TAXT vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.78% | 30.06M | Jul 2025 | TAXT vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | TAXT vs FUMB |
Lowest Drawdown Alternatives to TAXT
Among 107 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% | 246.08M | Nov 2018 | TAXT vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | TAXT vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | TAXT vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | TAXT vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | TAXT vs IBMO |
Other ETFs from Northern Trust
The 10 most viewed Northern Trust ETFs shown here include GUNR, ESG, HYGV and span 9 categories. AUM among these funds goes as high as $7B.
Often Compared With TAXT
Investors most often compare TAXT with SMMU, NUMI, FLMI. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare TAXT with Any Fund or Stock
Compare TAXT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAXT with funds that move differently
Northern Trust Tax-Exempt Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAXT.
Explore TAXT Diversifiers