IQDY vs. TAXI
IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) are both exchange-traded funds - IQDY is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Dynamic Index, while TAXI is a Municipal Bonds fund tracking the ICE Intermediate Term Focused Municipal Bond Index. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. IQDY charges 0.47%/yr vs 0.05%/yr for TAXI.
Performance
IQDY vs. TAXI - Performance Comparison
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Returns By Period
In the year-to-date period, IQDY achieves a 20.64% return, which is significantly higher than TAXI's 1.10% return.
IQDY
- 1D
- 1.12%
- 1M
- 4.99%
- YTD
- 20.64%
- 6M
- 21.83%
- 1Y
- 44.80%
- 3Y*
- 23.91%
- 5Y*
- 12.76%
- 10Y*
- 11.91%
TAXI
- 1D
- 0.25%
- 1M
- 1.04%
- YTD
- 1.10%
- 6M
- 1.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQDY vs. TAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 20.64% | 10.91% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 1.10% | 3.35% |
Correlation
The correlation between IQDY and TAXI is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.30 |
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Return for Risk
IQDY vs. TAXI — Risk / Return Rank
IQDY
TAXI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IQDY vs. TAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) 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.
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.
| IQDY | TAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | — | — |
| Martin ratioReturn relative to average drawdown | 16.12 | — | — |
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Drawdowns
IQDY vs. TAXI - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.60%, which is greater than TAXI's maximum drawdown of -2.23%. Use the drawdown chart below to compare losses from any high point for IQDY and TAXI.
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Drawdown Indicators
| IQDY | TAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.60% | -2.23% | -37.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.60% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.64% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -0.47% | -8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | — | — |
Volatility
IQDY vs. TAXI - Volatility Comparison
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Volatility by Period
| IQDY | TAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 1.89% | +14.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.96% | 1.89% | +16.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 1.89% | +16.54% |
IQDY vs. TAXI - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than TAXI's 0.05% expense ratio.
Dividends
IQDY vs. TAXI - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 4.11%, more than TAXI's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 2.91% | 3.26% | 6.95% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 2.00% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQDY and TAXI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TAXI is cheaper with a 0.05% expense ratio, compared with 0.47% for IQDY.
IQDY has the higher dividend yield at 2.91%, compared with 2.00% for TAXI.
IQDY is categorized as Foreign Large Cap Equities, while TAXI is Municipal Bonds. IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while TAXI tracks ICE Intermediate Term Focused Municipal Bond Index. Their fees differ too: 0.47% for IQDY and 0.05% for TAXI.
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