MINN vs. TAXT
MINN (Mairs & Power Minnesota Municipal Bond ETF) and TAXT (Northern Trust Tax-Exempt Bond ETF) are both Municipal Bonds funds. MINN is actively managed, while TAXT is passively managed. At a 0.41 correlation, their price movements are largely independent. MINN charges 0.25%/yr vs 0.05%/yr for TAXT.
Performance
MINN vs. TAXT - Performance Comparison
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Returns By Period
In the year-to-date period, MINN achieves a 0.78% return, which is significantly lower than TAXT's 1.45% return.
MINN
- 1D
- -0.16%
- 1M
- 1.33%
- YTD
- 0.78%
- 6M
- 0.92%
- 1Y
- 6.61%
- 3Y*
- 3.46%
- 5Y*
- -0.21%
- 10Y*
- —
TAXT
- 1D
- -0.13%
- 1M
- 0.99%
- YTD
- 1.45%
- 6M
- 1.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MINN vs. TAXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 0.78% | 4.88% |
TAXT Northern Trust Tax-Exempt Bond ETF | 1.45% | 3.91% |
Correlation
The correlation between MINN and TAXT is 0.41, 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 | 0.41 |
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Return for Risk
MINN vs. TAXT — Risk / Return Rank
MINN
TAXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MINN vs. TAXT - 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 Tax-Exempt Bond ETF (TAXT). 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.
| MINN | TAXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | — | — |
| Martin ratioReturn relative to average drawdown | 7.46 | — | — |
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Drawdowns
MINN vs. TAXT - Drawdown Comparison
The maximum MINN drawdown since its inception was -18.37%, which is greater than TAXT's maximum drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for MINN and TAXT.
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Drawdown Indicators
| MINN | TAXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -2.49% | -15.88% |
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 | -2.19% | -0.62% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -0.48% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | — | — |
Volatility
MINN vs. TAXT - Volatility Comparison
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Volatility by Period
| MINN | TAXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 2.53% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 2.53% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 2.53% | +2.44% |
MINN vs. TAXT - Expense Ratio Comparison
MINN has a 0.25% expense ratio, which is higher than TAXT'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. TAXT - Dividend Comparison
MINN's dividend yield for the trailing twelve months is around 2.76%, more than TAXT's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 2.76% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% |
TAXT Northern Trust Tax-Exempt Bond ETF | 2.55% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINN and TAXT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAXT is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXT is cheaper with a 0.05% expense ratio, compared with 0.25% for MINN.
MINN has the higher dividend yield at 2.76%, compared with 2.55% for TAXT.
They also come from different issuers: Mairs & Power and Northern Trust. Their fees differ too: 0.25% for MINN and 0.05% for TAXT.
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