FTOH vs. TAXI

Last updated Jun 5, 2026

FTOH (Franklin Ohio Municipal Income ETF) and TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) are both Municipal Bonds funds - FTOH tracks the Actively Managed while TAXI tracks the ICE Intermediate Term Focused Municipal Bond Index. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. FTOH charges 0.35%/yr vs 0.05%/yr for TAXI.

Performance

FTOH vs. TAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Ohio Municipal Income ETF (FTOH) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTOH achieves a 2.25% return, which is significantly higher than TAXI's 1.00% return.

FTOH

• 1D: 0.12%
• 1M: 1.06%
• YTD: 2.25%
• 6M: 2.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAXI

• 1D: 0.06%
• 1M: 0.52%
• YTD: 1.00%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTOH vs. TAXI - Yearly Performance Comparison

	2026 (YTD)	2025
FTOH Franklin Ohio Municipal Income ETF	2.25%	0.20%
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF	1.00%	0.93%

Correlation

The correlation between FTOH and TAXI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025	0.58

Return for Risk

FTOH vs. TAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Municipal Income ETF (FTOH) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FTOH	TAXI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	2.95	-1.73

Drawdowns

FTOH vs. TAXI - Drawdown Comparison

The maximum FTOH drawdown since its inception was -2.59%, which is greater than TAXI's maximum drawdown of -2.23%. Use the drawdown chart below to compare losses from any high point for FTOH and TAXI.

Drawdown Indicators

	FTOH	TAXI	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-2.23%	-0.36%
Current Drawdown Current decline from peak	0.00%	-0.74%	+0.74%
Average Drawdown Average peak-to-trough decline	-0.57%	-0.46%	-0.11%

Volatility

Volatility by Period

	FTOH	TAXI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	1.90%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.64%	1.90%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	1.90%	+1.74%

FTOH vs. TAXI - Expense Ratio Comparison

FTOH has a 0.35% expense ratio, which is higher than TAXI's 0.05% expense ratio.

Dividends

FTOH vs. TAXI - Dividend Comparison

FTOH's dividend yield for the trailing twelve months is around 2.18%, more than TAXI's 2.00% yield.

Position	TTM	2025
FTOH Franklin Ohio Municipal Income ETF	2.18%	0.56%
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF	2.00%	0.85%

Frequently Asked Questions

Can I hold both FTOH and TAXI in my portfolio?

FTOH and TAXI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTOH or TAXI?

On fees, TAXI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTOH or TAXI?

TAXI is cheaper with a 0.05% expense ratio, compared with 0.35% for FTOH.

Which ETF pays a higher dividend yield, FTOH or TAXI?

FTOH has the higher dividend yield at 2.18%, compared with 2.00% for TAXI.

What is the main difference between FTOH and TAXI?

FTOH tracks Actively Managed, while TAXI tracks ICE Intermediate Term Focused Municipal Bond Index. They also come from different issuers: Franklin Templeton and Northern Trust. Their fees differ too: 0.35% for FTOH and 0.05% for TAXI.