RJMI vs. TAXT
RJMI (RJ Eagle Municipal Income ETF) and TAXT (Northern Trust Tax-Exempt Bond ETF) are both Municipal Bonds funds. RJMI is actively managed, while TAXT is passively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. RJMI charges 0.41%/yr vs 0.05%/yr for TAXT.
Performance
RJMI vs. TAXT - Performance Comparison
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Returns By Period
In the year-to-date period, RJMI achieves a -0.24% return, which is significantly lower than TAXT's 0.32% return.
RJMI
- 1D
- -0.10%
- 1M
- -2.50%
- 6M
- -0.96%
- YTD
- -0.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TAXT
- 1D
- -0.08%
- 1M
- -1.57%
- 6M
- -0.46%
- YTD
- 0.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $339.50K | $231.90K | $200.64K | |
| $101.60K | $96.04K | $143.38K |
RJMI vs. TAXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RJMI RJ Eagle Municipal Income ETF | -0.24% | 2.68% |
TAXT Northern Trust Tax-Exempt Bond ETF | 0.32% | 1.55% |
Correlation
The correlation between RJMI and TAXT is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.75 |
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Return for Risk
RJMI vs. TAXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Municipal Income ETF (RJMI) 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.
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
RJMI vs. TAXT - Drawdown Comparison
The maximum RJMI drawdown since its inception was -3.04%, which is greater than TAXT's maximum drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for RJMI and TAXT.
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Drawdown Indicators
| RJMI | TAXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -2.49% | -0.55% |
Current DrawdownCurrent decline from peak | -2.54% | -1.72% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -0.52% | -0.18% |
Volatility
RJMI vs. TAXT - Volatility Comparison
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Volatility by Period
| RJMI | TAXT | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 2.57% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 2.57% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 2.57% | +0.54% |
RJMI vs. TAXT - Expense Ratio Comparison
RJMI has a 0.41% expense ratio, which is higher than TAXT's 0.05% expense ratio.
Dividends
RJMI vs. TAXT - Dividend Comparison
RJMI's dividend yield for the trailing twelve months is around 2.60%, less than TAXT's 2.86% yield.
| Position | TTM | 2025 |
|---|---|---|
RJMI RJ Eagle Municipal Income ETF | 2.60% | 0.61% |
TAXT Northern Trust Tax-Exempt Bond ETF | 2.86% | 1.23% |
Frequently Asked Questions
RJMI and TAXT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
TAXT is cheaper with a 0.05% expense ratio, compared with 0.41% for RJMI.
TAXT has the higher dividend yield at 2.86%, compared with 2.60% for RJMI.
They also come from different issuers: Carillon Tower Advisers and Northern Trust. Their fees differ too: 0.41% for RJMI and 0.05% for TAXT.
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