MYMI vs. TAXT

Last updated Jun 24, 2026

MYMI (State Street My2029 Municipal Bond ETF) and TAXT (Northern Trust Tax-Exempt Bond ETF) are both Municipal Bonds funds. MYMI is actively managed, while TAXT is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. MYMI charges 0.20%/yr vs 0.05%/yr for TAXT.

Performance

MYMI vs. TAXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2029 Municipal Bond ETF (MYMI) and Northern Trust Tax-Exempt Bond ETF (TAXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MYMI having a 1.47% return and TAXT slightly lower at 1.45%.

MYMI

• 1D: 0.00%
• 1M: 0.68%
• YTD: 1.47%
• 6M: 1.49%
• 1Y: 4.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAXT

• 1D: -0.13%
• 1M: 0.99%
• YTD: 1.45%
• 6M: 1.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYMI vs. TAXT - Yearly Performance Comparison

	2026 (YTD)	2025
MYMI State Street My2029 Municipal Bond ETF	1.47%	1.97%
TAXT Northern Trust Tax-Exempt Bond ETF	1.45%	3.91%

Correlation

The correlation between MYMI and TAXT is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.81

Return for Risk

MYMI vs. TAXT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MYMI

MYMI Risk / Return Rank: 82
MYMI Sharpe Ratio Rank: 89
MYMI Sortino Ratio Rank: 93
MYMI Omega Ratio Rank: 95
MYMI Calmar Ratio Rank: 69
MYMI Martin Ratio Rank: 64

TAXT

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MYMI vs. TAXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2029 Municipal Bond ETF (MYMI) 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.

	MYMI	TAXT	Difference
Sharpe ratio: Return per unit of total volatility	2.65	—	—
Sortino ratio: Return per unit of downside risk	4.15	—	—
Omega ratio: Gain probability vs. loss probability	1.64	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	10.45	—	—

Drawdowns

MYMI vs. TAXT - Drawdown Comparison

The maximum MYMI drawdown since its inception was -3.11%, which is greater than TAXT's maximum drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for MYMI and TAXT.

Drawdown Indicators

	MYMI	TAXT	Difference
Max Drawdown Largest peak-to-trough decline	-3.11%	-2.49%	-0.62%
Max Drawdown (1Y) Largest decline over 1 year	-1.39%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.62%	+0.45%
Average Drawdown Average peak-to-trough decline	-0.70%	-0.48%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	—	—

Volatility

Volatility by Period

	MYMI	TAXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.63%	2.53%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.87%	2.53%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.87%	2.53%	+0.34%

MYMI vs. TAXT - Expense Ratio Comparison

MYMI 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

MYMI vs. TAXT - Dividend Comparison

MYMI's dividend yield for the trailing twelve months is around 2.87%, more than TAXT's 2.55% yield.

Position	TTM	2025	2024
MYMI State Street My2029 Municipal Bond ETF	2.87%	3.00%	0.93%
TAXT Northern Trust Tax-Exempt Bond ETF	2.55%	1.23%	0.00%

Frequently Asked Questions

Can I hold both MYMI and TAXT in my portfolio?

MYMI and TAXT have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYMI or TAXT?

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.

Which ETF is cheaper, MYMI or TAXT?

TAXT is cheaper with a 0.05% expense ratio, compared with 0.20% for MYMI.

Which ETF pays a higher dividend yield, MYMI or TAXT?

MYMI has the higher dividend yield at 2.87%, compared with 2.55% for TAXT.

What is the main difference between MYMI and TAXT?

They also come from different issuers: State Street and Northern Trust. Their fees differ too: 0.20% for MYMI and 0.05% for TAXT.