NYM vs. TAXT

Last updated Jun 4, 2026

NYM (AB New York Intermediate Municipal ETF) and TAXT (Northern Trust Tax-Exempt Bond ETF) are both Municipal Bonds funds. NYM is actively managed, while TAXT is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. NYM charges 0.27%/yr vs 0.05%/yr for TAXT.

Performance

NYM vs. TAXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB New York Intermediate Municipal ETF (NYM) 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 investments are quite close, with NYM having a 1.43% return and TAXT slightly higher at 1.49%.

NYM

• 1D: 0.04%
• 1M: 0.48%
• YTD: 1.43%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAXT

• 1D: -0.06%
• 1M: 0.67%
• YTD: 1.49%
• 6M: 2.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NYM vs. TAXT - Yearly Performance Comparison

	2026 (YTD)	2025
NYM AB New York Intermediate Municipal ETF	1.43%	0.41%
TAXT Northern Trust Tax-Exempt Bond ETF	1.49%	0.52%

Correlation

The correlation between NYM and TAXT is 0.68, 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 Nov 11, 2025	0.68

Return for Risk

NYM vs. TAXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) 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.

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

Sharpe Ratios by Period

	NYM	TAXT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	2.80	-1.17

Drawdowns

NYM vs. TAXT - Drawdown Comparison

The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum TAXT drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for NYM and TAXT.

Drawdown Indicators

	NYM	TAXT	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-2.49%	+0.73%
Current Drawdown Current decline from peak	-0.23%	-0.58%	+0.35%
Average Drawdown Average peak-to-trough decline	-0.42%	-0.47%	+0.05%

Volatility

Volatility by Period

	NYM	TAXT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	2.53%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	2.53%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	2.53%	-0.47%

NYM vs. TAXT - Expense Ratio Comparison

NYM has a 0.27% 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

NYM vs. TAXT - Dividend Comparison

NYM's dividend yield for the trailing twelve months is around 1.73%, less than TAXT's 2.55% yield.

Position	TTM	2025
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%
TAXT Northern Trust Tax-Exempt Bond ETF	2.55%	1.23%

Frequently Asked Questions

Can I hold both NYM and TAXT in my portfolio?

NYM and TAXT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYM 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, NYM or TAXT?

TAXT is cheaper with a 0.05% expense ratio, compared with 0.27% for NYM.

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

TAXT has the higher dividend yield at 2.55%, compared with 1.73% for NYM.

What is the main difference between NYM and TAXT?

They also come from different issuers: AllianceBernstein and Northern Trust. Their fees differ too: 0.27% for NYM and 0.05% for TAXT.