NUSA vs. TAXS
NUSA (Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both exchange-traded funds - NUSA is a Short-Term Bond fund tracking the ICE BofA Enhanced Yield US Broad Bond (1-5 Y), while TAXS is a Municipal Bonds fund tracking the ICE Short Term Focused Municipal Bond Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. NUSA charges 0.15%/yr vs 0.05%/yr for TAXS.
Performance
NUSA vs. TAXS - Performance Comparison
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Returns By Period
In the year-to-date period, NUSA achieves a 0.67% return, which is significantly lower than TAXS's 1.10% return.
NUSA
- 1D
- 0.09%
- 1M
- 0.37%
- YTD
- 0.67%
- 6M
- 0.85%
- 1Y
- 3.34%
- 3Y*
- 4.46%
- 5Y*
- 1.62%
- 10Y*
- —
TAXS
- 1D
- 0.04%
- 1M
- 0.51%
- YTD
- 1.10%
- 6M
- 1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUSA vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUSA Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 0.67% | 1.81% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 1.10% | 1.22% |
Correlation
The correlation between NUSA and TAXS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.47 |
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Return for Risk
NUSA vs. TAXS — Risk / Return Rank
NUSA
TAXS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NUSA vs. TAXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF (NUSA) and Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS). 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.
| NUSA | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | — | — |
| Martin ratioReturn relative to average drawdown | 8.86 | — | — |
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Drawdowns
NUSA vs. TAXS - Drawdown Comparison
The maximum NUSA drawdown since its inception was -9.44%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for NUSA and TAXS.
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Drawdown Indicators
| NUSA | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.44% | -0.84% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.44% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -0.22% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | — | — |
Volatility
NUSA vs. TAXS - Volatility Comparison
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Volatility by Period
| NUSA | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.82% | 0.99% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 0.99% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.72% | 0.99% | +1.73% |
NUSA vs. TAXS - Expense Ratio Comparison
NUSA has a 0.15% expense ratio, which is higher than TAXS'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
NUSA vs. TAXS - Dividend Comparison
NUSA's dividend yield for the trailing twelve months is around 3.85%, more than TAXS's 1.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NUSA Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 3.85% | 3.83% | 3.93% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.20% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 1.82% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NUSA and TAXS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAXS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXS is cheaper with a 0.05% expense ratio, compared with 0.15% for NUSA.
NUSA has the higher dividend yield at 3.85%, compared with 1.82% for TAXS.
NUSA is categorized as Short-Term Bond, while TAXS is Municipal Bonds. NUSA tracks ICE BofA Enhanced Yield US Broad Bond (1-5 Y), while TAXS tracks ICE Short Term Focused Municipal Bond Index. They also come from different issuers: Nuveen and Northern Trust. Their fees differ too: 0.15% for NUSA and 0.05% for TAXS.
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