MINN vs. TAXS
MINN (Mairs & Power Minnesota Municipal Bond ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both Municipal Bonds funds. MINN is actively managed, while TAXS is passively managed. At a 0.38 correlation, their price movements are largely independent. MINN charges 0.25%/yr vs 0.05%/yr for TAXS.
Performance
MINN vs. TAXS - Performance Comparison
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Returns By Period
In the year-to-date period, MINN achieves a 0.35% return, which is significantly lower than TAXS's 0.93% return.
MINN
- 1D
- -0.11%
- 1M
- 0.30%
- YTD
- 0.35%
- 6M
- 0.92%
- 1Y
- 6.52%
- 3Y*
- 3.64%
- 5Y*
- -0.31%
- 10Y*
- —
TAXS
- 1D
- 0.06%
- 1M
- 0.38%
- YTD
- 0.93%
- 6M
- 1.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MINN vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 0.35% | 4.85% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 0.93% | 1.22% |
Correlation
The correlation between MINN and TAXS is 0.38, 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 20, 2025 | 0.38 |
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Return for Risk
MINN vs. TAXS — Risk / Return Rank
MINN
TAXS
MINN vs. TAXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mairs & Power Minnesota Municipal Bond ETF (MINN) 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.
| MINN | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 7.47 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MINN | TAXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 2.78 | -2.80 |
Drawdowns
MINN vs. TAXS - Drawdown Comparison
The maximum MINN drawdown since its inception was -18.37%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for MINN and TAXS.
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Drawdown Indicators
| MINN | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -0.84% | -17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -0.09% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -0.24% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
MINN vs. TAXS - Volatility Comparison
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Volatility by Period
| MINN | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 1.00% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 1.00% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 1.00% | +3.98% |
MINN vs. TAXS - Expense Ratio Comparison
MINN 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
MINN vs. TAXS - Dividend Comparison
MINN's dividend yield for the trailing twelve months is around 3.00%, more than TAXS's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 3.00% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 1.83% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINN and TAXS have a correlation of 0.38, 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 MINN.
MINN has the higher dividend yield at 3.00%, compared with 1.83% for TAXS.
They also come from different issuers: Mairs & Power and Northern Trust. Their fees differ too: 0.25% for MINN and 0.05% for TAXS.
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