FSIG vs. TAXS
FSIG (First Trust Limited Duration Investment Grade Corporate ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both exchange-traded funds - FSIG is a Short-Term Bond fund actively managed by First Trust, while TAXS is a Municipal Bonds fund tracking the ICE Short Term Focused Municipal Bond Index. FSIG is actively managed, while TAXS is passively managed. Their 0.44 correlation means their historical movements had little consistent relationship. FSIG charges 0.55%/yr vs 0.05%/yr for TAXS.
Performance
FSIG vs. TAXS - Performance Comparison
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Returns By Period
In the year-to-date period, FSIG achieves a 0.51% return, which is significantly lower than TAXS's 0.92% return.
FSIG
- 1D
- 0.05%
- 1M
- -0.15%
- 6M
- 0.40%
- YTD
- 0.51%
- 1Y
- 2.95%
- 3Y*
- 5.04%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.70%
TAXS
- 1D
- 0.08%
- 1M
- -0.28%
- 6M
- 0.36%
- YTD
- 0.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.20M | $8.29M | $7.48M | |
| $519.79K | $626.14K | $961.94K |
FSIG vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | 0.51% | 2.11% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 0.92% | 1.22% |
Correlation
The correlation between FSIG and TAXS is 0.44, 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 | 0.44 |
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Return for Risk
FSIG vs. TAXS — Risk / Return Rank
FSIG
TAXS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FSIG vs. TAXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) 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.
| FSIG | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | — | — |
| Martin ratioReturn relative to average drawdown | 7.64 | — | — |
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Drawdowns
FSIG vs. TAXS - Drawdown Comparison
The maximum FSIG drawdown since its inception was -6.93%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for FSIG and TAXS.
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Drawdown Indicators
| FSIG | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.93% | -0.84% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.55% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.31% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -0.22% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | — | — |
Volatility
FSIG vs. TAXS - Volatility Comparison
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Volatility by Period
| FSIG | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 1.03% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 1.03% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 1.03% | +1.91% |
FSIG vs. TAXS - Expense Ratio Comparison
FSIG has a 0.55% expense ratio, which is higher than TAXS's 0.05% expense ratio.
Dividends
FSIG vs. TAXS - Dividend Comparison
FSIG's dividend yield for the trailing twelve months is around 4.84%, more than TAXS's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | 4.84% | 4.73% | 4.61% | 4.42% | 2.48% | 0.12% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 2.26% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSIG and TAXS have a correlation of 0.44, 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 0.55% for FSIG.
FSIG has the higher dividend yield at 4.84%, compared with 2.26% for TAXS.
FSIG is categorized as Short-Term Bond, while TAXS is Municipal Bonds. They also come from different issuers: First Trust and Northern Trust. Their fees differ too: 0.55% for FSIG and 0.05% for TAXS.
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