CGSD vs. TAXS
CGSD (Capital Group Short Duration Income ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both exchange-traded funds - CGSD is a Short-Term Bond fund actively managed by Capital Group, while TAXS is a Municipal Bonds fund tracking the ICE Short Term Focused Municipal Bond Index. CGSD is actively managed, while TAXS is passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. CGSD charges 0.25%/yr vs 0.05%/yr for TAXS.
Performance
CGSD vs. TAXS - Performance Comparison
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Returns By Period
In the year-to-date period, CGSD achieves a 1.06% return, which is significantly higher than TAXS's 0.84% return.
CGSD
- 1D
- 0.01%
- 1M
- 0.05%
- 6M
- 0.74%
- YTD
- 1.06%
- 1Y
- 3.28%
- 3Y*
- 5.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.07%
TAXS
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- 0.30%
- YTD
- 0.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.97M | $11.74M | $11.40M | |
| $619.80K | $883.25K | $948.95K |
CGSD vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGSD Capital Group Short Duration Income ETF | 1.06% | 2.02% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 0.84% | 1.22% |
Correlation
The correlation between CGSD and TAXS is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.48 |
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Return for Risk
CGSD vs. TAXS — Risk / Return Rank
CGSD
TAXS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CGSD vs. TAXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) 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.
| CGSD | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | — | — |
| Martin ratioReturn relative to average drawdown | 15.73 | — | — |
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Drawdowns
CGSD vs. TAXS - Drawdown Comparison
The maximum CGSD drawdown since its inception was -1.75%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for CGSD and TAXS.
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Drawdown Indicators
| CGSD | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.75% | -0.84% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.39% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.22% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | — | — |
Volatility
CGSD vs. TAXS - Volatility Comparison
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Volatility by Period
| CGSD | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 1.03% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 1.03% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 1.03% | +1.11% |
CGSD vs. TAXS - Expense Ratio Comparison
CGSD has a 0.25% 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
CGSD vs. TAXS - Dividend Comparison
CGSD's dividend yield for the trailing twelve months is around 4.46%, more than TAXS's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGSD Capital Group Short Duration Income ETF | 4.46% | 4.48% | 4.57% | 4.43% | 0.64% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 2.04% | 0.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGSD and TAXS have a correlation of 0.48, 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 0.25% for CGSD.
CGSD has the higher dividend yield at 4.46%, compared with 2.04% for TAXS.
CGSD is categorized as Short-Term Bond, while TAXS is Municipal Bonds. They also come from different issuers: Capital Group and Northern Trust. Their fees differ too: 0.25% for CGSD and 0.05% for TAXS.
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