MYMG vs. TAXT
MYMG (State Street My2027 Municipal Bond ETF) and TAXT (Northern Trust Tax-Exempt Bond ETF) are both Municipal Bonds funds. MYMG is actively managed, while TAXT is passively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. MYMG charges 0.20%/yr vs 0.05%/yr for TAXT.
Performance
MYMG vs. TAXT - Performance Comparison
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Returns By Period
In the year-to-date period, MYMG achieves a 1.12% return, which is significantly higher than TAXT's 0.46% return.
MYMG
- 1D
- 0.02%
- 1M
- -0.04%
- 6M
- 0.64%
- YTD
- 1.12%
- 1Y
- 2.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.88%
TAXT
- 1D
- 0.14%
- 1M
- -1.43%
- 6M
- -0.38%
- YTD
- 0.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.68K | $6.83K | $12.18K | |
| $96.43K | $96.52K | $143.72K |
MYMG vs. TAXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MYMG State Street My2027 Municipal Bond ETF | 1.12% | 1.35% |
TAXT Northern Trust Tax-Exempt Bond ETF | 0.46% | 3.91% |
Correlation
The correlation between MYMG and TAXT is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.65 |
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Return for Risk
MYMG vs. TAXT — Risk / Return Rank
MYMG
TAXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MYMG vs. TAXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street My2027 Municipal Bond ETF (MYMG) 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.
| MYMG | TAXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.95 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.98 | — | — |
| Martin ratioReturn relative to average drawdown | 22.68 | — | — |
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Drawdowns
MYMG vs. TAXT - Drawdown Comparison
The maximum MYMG drawdown since its inception was -2.31%, smaller than the maximum TAXT drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for MYMG and TAXT.
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Drawdown Indicators
| MYMG | TAXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.31% | -2.49% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.58% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -0.52% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | — | — |
Volatility
MYMG vs. TAXT - Volatility Comparison
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Volatility by Period
| MYMG | TAXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.82% | 2.57% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 2.57% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.97% | 2.57% | -0.60% |
MYMG vs. TAXT - Expense Ratio Comparison
MYMG has a 0.20% 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
MYMG vs. TAXT - Dividend Comparison
MYMG's dividend yield for the trailing twelve months is around 2.84%, less than TAXT's 3.17% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MYMG State Street My2027 Municipal Bond ETF | 2.84% | 3.03% | 0.89% |
TAXT Northern Trust Tax-Exempt Bond ETF | 3.17% | 1.23% | 0.00% |
Frequently Asked Questions
MYMG and TAXT have a correlation of 0.65, 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 0.20% for MYMG.
TAXT has the higher dividend yield at 3.17%, compared with 2.84% for MYMG.
They also come from different issuers: State Street and Northern Trust. Their fees differ too: 0.20% for MYMG and 0.05% for TAXT.
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