NTAUX vs. SHM
Compare and contrast key facts about Northern Tax-Advantaged U-S Fixed Income (NTAUX) and SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM).
NTAUX is managed by Northern Funds. It was launched on Jun 18, 2009. SHM is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Managed Money Short. It was launched on Oct 10, 2007.
Performance
NTAUX vs. SHM - Performance Comparison
Loading graphics...
NTAUX vs. SHM - 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% |
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 0.11% | 3.95% | 1.22% | 2.92% | -3.82% | -0.37% | 2.65% | 3.64% | 1.56% | 0.99% |
Returns By Period
In the year-to-date period, NTAUX achieves a 0.57% return, which is significantly higher than SHM's 0.11% return. Over the past 10 years, NTAUX has outperformed SHM with an annualized return of 1.57%, while SHM has yielded a comparatively lower 1.16% annualized return.
NTAUX
- 1D
- 0.10%
- 1M
- -0.36%
- YTD
- 0.57%
- 6M
- 1.17%
- 1Y
- 3.08%
- 3Y*
- 3.13%
- 5Y*
- 1.79%
- 10Y*
- 1.57%
SHM
- 1D
- 0.10%
- 1M
- -1.01%
- YTD
- 0.11%
- 6M
- 0.53%
- 1Y
- 3.17%
- 3Y*
- 2.26%
- 5Y*
- 0.83%
- 10Y*
- 1.16%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NTAUX vs. SHM - Expense Ratio Comparison
NTAUX has a 0.25% expense ratio, which is higher than SHM's 0.20% 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. SHM — Risk / Return Rank
NTAUX
SHM
NTAUX vs. SHM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Tax-Advantaged U-S Fixed Income (NTAUX) and SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM). 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 | SHM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 1.74 | +0.74 |
Sortino ratioReturn per unit of downside risk | 4.31 | 2.20 | +2.11 |
Omega ratioGain probability vs. loss probability | 2.14 | 1.42 | +0.72 |
Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.97 | +1.52 |
Martin ratioReturn relative to average drawdown | 19.41 | 6.17 | +13.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NTAUX | SHM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 1.74 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.70 | 0.41 | +1.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.65 | 0.35 | +1.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.47 | +1.13 |
Correlation
The correlation between NTAUX and SHM is 0.21, 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. SHM - Dividend Comparison
NTAUX's dividend yield for the trailing twelve months is around 3.04%, more than SHM's 2.64% 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% |
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 2.64% | 2.61% | 2.06% | 1.15% | 0.69% | 0.86% | 1.24% | 1.40% | 1.23% | 1.06% | 0.94% | 0.92% |
Drawdowns
NTAUX vs. SHM - Drawdown Comparison
The maximum NTAUX drawdown since its inception was -2.95%, smaller than the maximum SHM drawdown of -11.61%. Use the drawdown chart below to compare losses from any high point for NTAUX and SHM.
Loading graphics...
Drawdown Indicators
| NTAUX | SHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.95% | -11.61% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -1.67% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -2.95% | -6.67% | +3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -2.95% | -11.61% | +8.66% |
Current DrawdownCurrent decline from peak | -0.36% | -1.03% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -0.97% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.53% | -0.37% |
Volatility
NTAUX vs. SHM - Volatility Comparison
The current volatility for Northern Tax-Advantaged U-S Fixed Income (NTAUX) is 0.32%, while SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) has a volatility of 0.53%. This indicates that NTAUX experiences smaller price fluctuations and is considered to be less risky than SHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NTAUX | SHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 0.53% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 0.89% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 1.83% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 2.07% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 3.31% | -2.35% |