RTAI vs. TAXI
RTAI (Rareview Tax Advantaged Income ETF) and TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) are both Municipal Bonds funds. RTAI is actively managed, while TAXI is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. RTAI charges 3.78%/yr vs 0.05%/yr for TAXI.
Performance
RTAI vs. TAXI - Performance Comparison
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Returns By Period
In the year-to-date period, RTAI achieves a 3.90% return, which is significantly higher than TAXI's 0.98% return.
RTAI
- 1D
- 0.35%
- 1M
- 3.23%
- YTD
- 3.90%
- 6M
- 4.64%
- 1Y
- 11.68%
- 3Y*
- 7.08%
- 5Y*
- -0.71%
- 10Y*
- —
TAXI
- 1D
- -0.08%
- 1M
- 0.89%
- YTD
- 0.98%
- 6M
- 1.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RTAI vs. TAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 3.90% | 5.76% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 0.98% | 3.35% |
Correlation
The correlation between RTAI and TAXI is 0.53, 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 Aug 19, 2025 | 0.53 |
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Return for Risk
RTAI vs. TAXI — Risk / Return Rank
RTAI
TAXI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RTAI vs. TAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI). 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.
| RTAI | TAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | — | — |
| Martin ratioReturn relative to average drawdown | 7.69 | — | — |
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Drawdowns
RTAI vs. TAXI - Drawdown Comparison
The maximum RTAI drawdown since its inception was -34.32%, which is greater than TAXI's maximum drawdown of -2.23%. Use the drawdown chart below to compare losses from any high point for RTAI and TAXI.
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Drawdown Indicators
| RTAI | TAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -2.23% | -32.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -0.76% | -5.57% |
Average DrawdownAverage peak-to-trough decline | -13.76% | -0.48% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | — | — |
Volatility
RTAI vs. TAXI - Volatility Comparison
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Volatility by Period
| RTAI | TAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 1.89% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.36% | 1.89% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.03% | 1.89% | +7.14% |
RTAI vs. TAXI - Expense Ratio Comparison
RTAI has a 3.78% expense ratio, which is higher than TAXI's 0.05% expense ratio.
Dividends
RTAI vs. TAXI - Dividend Comparison
RTAI's dividend yield for the trailing twelve months is around 4.98%, more than TAXI's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 4.98% | 5.66% | 5.02% | 3.07% | 3.71% | 4.73% | 0.48% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 2.00% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RTAI and TAXI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAXI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXI is cheaper with a 0.05% expense ratio, compared with 3.78% for RTAI.
RTAI has the higher dividend yield at 4.98%, compared with 2.00% for TAXI.
They also come from different issuers: Rareview Funds and Northern Trust. Their fees differ too: 3.78% for RTAI and 0.05% for TAXI.
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