BBBS vs. TAXS
BBBS (Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both exchange-traded funds - BBBS is a Short-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 1-5 Year Index, while TAXS is a Municipal Bonds fund tracking the ICE Short Term Focused Municipal Bond Index. Both are passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BBBS charges 0.19%/yr vs 0.05%/yr for TAXS.
Performance
BBBS vs. TAXS - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BBBS at 1.10% and TAXS at 1.10%.
BBBS
- 1D
- 0.19%
- 1M
- 0.05%
- 6M
- 0.81%
- YTD
- 1.10%
- 1Y
- 3.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.04%
TAXS
- 1D
- 0.18%
- 1M
- -0.10%
- 6M
- 0.52%
- YTD
- 1.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.16M | $1.09M | $1.73M | |
| $420.04K | $652.32K | $965.85K |
BBBS vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 1.10% | 2.05% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 1.10% | 1.22% |
Correlation
The correlation between BBBS and TAXS is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.53 |
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Return for Risk
BBBS vs. TAXS — Risk / Return Rank
BBBS
TAXS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BBBS vs. TAXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBBS | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | — | — |
| Martin ratioReturn relative to average drawdown | 8.79 | — | — |
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Drawdowns
BBBS vs. TAXS - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.45%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for BBBS and TAXS.
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Drawdown Indicators
| BBBS | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -0.84% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.13% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.22% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | — | — |
Volatility
BBBS vs. TAXS - Volatility Comparison
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Volatility by Period
| BBBS | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 1.04% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.23% | 1.04% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 1.04% | +1.19% |
BBBS vs. TAXS - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is higher than TAXS's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBBS vs. TAXS - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.58%, more than TAXS's 2.25% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.58% | 4.55% | 4.31% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 2.25% | 0.74% | 0.00% |
Frequently Asked Questions
BBBS and TAXS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAXS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXS is cheaper with a 0.05% expense ratio, compared with 0.19% for BBBS.
BBBS has the higher dividend yield at 4.58%, compared with 2.25% for TAXS.
BBBS is categorized as Short-Term Bond, while TAXS is Municipal Bonds. BBBS tracks Bloomberg U.S. Corporate BBB 1-5 Year Index, while TAXS tracks ICE Short Term Focused Municipal Bond Index. They also come from different issuers: BondBloxx and Northern Trust. Their fees differ too: 0.19% for BBBS and 0.05% for TAXS.
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