MYMK vs. TAXI

Last updated Jun 4, 2026

MYMK (SPDR SSGA My2031 Municipal Bond ETF) and TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) are both Municipal Bonds funds. MYMK is actively managed, while TAXI is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. MYMK charges 0.20%/yr vs 0.05%/yr for TAXI.

Performance

MYMK vs. TAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA My2031 Municipal Bond ETF (MYMK) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYMK achieves a 0.76% return, which is significantly lower than TAXI's 0.94% return.

MYMK

• 1D: -0.04%
• 1M: 0.33%
• YTD: 0.76%
• 6M: 1.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAXI

• 1D: -0.03%
• 1M: 0.46%
• YTD: 0.94%
• 6M: 1.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MYMK vs. TAXI - Yearly Performance Comparison

	2026 (YTD)	2025
MYMK SPDR SSGA My2031 Municipal Bond ETF	0.76%	0.77%
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF	0.94%	1.59%

Correlation

The correlation between MYMK and TAXI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.52

Return for Risk

MYMK vs. TAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA My2031 Municipal Bond ETF (MYMK) 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.

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

Sharpe Ratios by Period

	MYMK	TAXI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	2.92	-1.81

Drawdowns

MYMK vs. TAXI - Drawdown Comparison

The maximum MYMK drawdown since its inception was -2.22%, roughly equal to the maximum TAXI drawdown of -2.23%. Use the drawdown chart below to compare losses from any high point for MYMK and TAXI.

Drawdown Indicators

	MYMK	TAXI	Difference
Max Drawdown Largest peak-to-trough decline	-2.22%	-2.23%	+0.01%
Current Drawdown Current decline from peak	-1.06%	-0.79%	-0.27%
Average Drawdown Average peak-to-trough decline	-0.57%	-0.46%	-0.11%

Volatility

Volatility by Period

	MYMK	TAXI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.97%	1.90%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.97%	1.90%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.97%	1.90%	+0.07%

MYMK vs. TAXI - Expense Ratio Comparison

MYMK has a 0.20% expense ratio, which is higher than TAXI'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

MYMK vs. TAXI - Dividend Comparison

MYMK's dividend yield for the trailing twelve months is around 1.84%, less than TAXI's 2.00% yield.

Position	TTM	2025
MYMK SPDR SSGA My2031 Municipal Bond ETF	1.84%	0.77%
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF	2.00%	0.85%

Frequently Asked Questions

Can I hold both MYMK and TAXI in my portfolio?

MYMK and TAXI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MYMK or TAXI?

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.

Which ETF is cheaper, MYMK or TAXI?

TAXI is cheaper with a 0.05% expense ratio, compared with 0.20% for MYMK.

Which ETF pays a higher dividend yield, MYMK or TAXI?

TAXI has the higher dividend yield at 2.00%, compared with 1.84% for MYMK.

What is the main difference between MYMK and TAXI?

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