NTAUX vs. MUB
Compare and contrast key facts about Northern Tax-Advantaged U-S Fixed Income (NTAUX) and iShares National AMT-Free Muni Bond ETF (MUB).
NTAUX is managed by Northern Funds. It was launched on Jun 18, 2009. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Performance
NTAUX vs. MUB - Performance Comparison
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NTAUX vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTAUX Northern Tax-Advantaged U-S Fixed Income | 0.57% | 2.60% | 3.52% | 4.06% | -1.59% | -0.03% | 1.49% | 2.52% | 1.39% | 0.83% |
MUB iShares National AMT-Free Muni Bond ETF | 0.04% | 3.78% | 1.26% | 5.56% | -7.34% | 1.02% | 5.12% | 7.06% | 0.93% | 4.72% |
Returns By Period
In the year-to-date period, NTAUX achieves a 0.57% return, which is significantly higher than MUB's 0.04% return. Over the past 10 years, NTAUX has underperformed MUB with an annualized return of 1.57%, while MUB has yielded a comparatively higher 2.00% annualized return.
NTAUX
- 1D
- 0.00%
- 1M
- -0.36%
- YTD
- 0.57%
- 6M
- 1.17%
- 1Y
- 3.08%
- 3Y*
- 3.13%
- 5Y*
- 1.79%
- 10Y*
- 1.57%
MUB
- 1D
- 0.42%
- 1M
- -1.55%
- YTD
- 0.04%
- 6M
- 1.52%
- 1Y
- 4.03%
- 3Y*
- 2.67%
- 5Y*
- 0.88%
- 10Y*
- 2.00%
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NTAUX vs. MUB - Expense Ratio Comparison
NTAUX has a 0.25% expense ratio, which is higher than MUB's 0.07% 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%.
Return for Risk
NTAUX vs. MUB — Risk / Return Rank
NTAUX
MUB
NTAUX vs. MUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Tax-Advantaged U-S Fixed Income (NTAUX) and iShares National AMT-Free Muni Bond ETF (MUB). 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.
| NTAUX | MUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.41 | 0.98 | +1.43 |
Sortino ratioReturn per unit of downside risk | 4.17 | 1.27 | +2.90 |
Omega ratioGain probability vs. loss probability | 2.11 | 1.21 | +0.89 |
Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.33 | +2.16 |
Martin ratioReturn relative to average drawdown | 19.22 | 4.22 | +14.99 |
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
| NTAUX | MUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 0.98 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.70 | 0.22 | +1.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.65 | 0.41 | +1.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.58 | +1.03 |
Correlation
The correlation between NTAUX and MUB is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NTAUX vs. MUB - Dividend Comparison
NTAUX's dividend yield for the trailing twelve months is around 3.04%, less than MUB's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTAUX Northern Tax-Advantaged U-S Fixed Income | 3.04% | 2.27% | 3.15% | 1.96% | 0.68% | 0.46% | 1.09% | 1.69% | 1.38% | 0.93% | 0.81% | 0.61% |
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
Drawdowns
NTAUX vs. MUB - Drawdown Comparison
The maximum NTAUX drawdown since its inception was -2.95%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for NTAUX and MUB.
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Drawdown Indicators
| NTAUX | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -13.68% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -3.30% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -2.95% | -11.88% | +8.93% |
Max Drawdown (10Y)Largest decline over 10 years | -2.95% | -13.68% | +10.73% |
Current DrawdownCurrent decline from peak | -0.36% | -1.87% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -2.24% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 1.04% | -0.88% |
Volatility
NTAUX vs. MUB - Volatility Comparison
The current volatility for Northern Tax-Advantaged U-S Fixed Income (NTAUX) is 0.32%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.56%. This indicates that NTAUX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTAUX | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 1.56% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 2.07% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 4.15% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 4.04% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 4.91% | -3.95% |