STOT vs. TAXS

Last updated Jun 3, 2026

STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both exchange-traded funds - STOT is a Short-Term Bond fund tracking the Bloomberg U.S. Aggregate 1-3 Year Index, while TAXS is a Municipal Bonds fund tracking the ICE Short Term Focused Municipal Bond Index. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. STOT charges 0.45%/yr vs 0.05%/yr for TAXS.

Performance

STOT vs. TAXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) and Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STOT achieves a 1.02% return, which is significantly higher than TAXS's 0.87% return.

STOT

• 1D: 0.01%
• 1M: 0.17%
• YTD: 1.02%
• 6M: 1.32%
• 1Y: 4.25%
• 3Y*: 5.33%
• 5Y*: 2.84%
• 10Y*: 2.44%

TAXS

• 1D: 0.04%
• 1M: 0.32%
• YTD: 0.87%
• 6M: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STOT vs. TAXS - Yearly Performance Comparison

	2026 (YTD)	2025
STOT State Street DoubleLine Short Duration Total Return Tactical ETF	1.02%	1.90%
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF	0.87%	1.22%

Correlation

The correlation between STOT and TAXS is 0.39, 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 20, 2025	0.39

Return for Risk

STOT vs. TAXS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STOT

STOT Risk / Return Rank: 94
STOT Sharpe Ratio Rank: 95
STOT Sortino Ratio Rank: 97
STOT Omega Ratio Rank: 96
STOT Calmar Ratio Rank: 90
STOT Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STOT vs. TAXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) 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.

	STOT	TAXS	Difference
Sharpe ratio Return per unit of total volatility	3.87	—	—
Sortino ratio Return per unit of downside risk	6.02	—	—
Omega ratio Gain probability vs. loss probability	1.81	—	—
Calmar ratio Return relative to maximum drawdown	5.54	—	—
Martin ratio Return relative to average drawdown	24.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	STOT	TAXS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.87	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	2.71	-1.60

Drawdowns

STOT vs. TAXS - Drawdown Comparison

The maximum STOT drawdown since its inception was -6.07%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for STOT and TAXS.

Drawdown Indicators

	STOT	TAXS	Difference
Max Drawdown Largest peak-to-trough decline	-6.07%	-0.84%	-5.23%
Max Drawdown (1Y) Largest decline over 1 year	-0.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-6.07%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.15%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.84%	-0.24%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.17%	—	—

Volatility

Volatility by Period

	STOT	TAXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.11%	1.00%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.73%	1.00%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.20%	1.00%	+1.20%

STOT vs. TAXS - Expense Ratio Comparison

STOT has a 0.45% expense ratio, which is higher than TAXS's 0.05% expense ratio.

Dividends

STOT vs. TAXS - Dividend Comparison

STOT's dividend yield for the trailing twelve months is around 4.41%, more than TAXS's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
STOT State Street DoubleLine Short Duration Total Return Tactical ETF	4.41%	4.52%	5.10%	4.53%	2.54%	1.76%	1.66%	2.61%	2.50%	1.95%	2.08%
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF	1.83%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STOT and TAXS in my portfolio?

STOT and TAXS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STOT or TAXS?

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.

Which ETF is cheaper, STOT or TAXS?

TAXS is cheaper with a 0.05% expense ratio, compared with 0.45% for STOT.

Which ETF pays a higher dividend yield, STOT or TAXS?

STOT has the higher dividend yield at 4.41%, compared with 1.83% for TAXS.

What is the main difference between STOT and TAXS?

STOT is categorized as Short-Term Bond, while TAXS is Municipal Bonds. STOT tracks Bloomberg U.S. Aggregate 1-3 Year Index, while TAXS tracks ICE Short Term Focused Municipal Bond Index. They also come from different issuers: State Street and Northern Trust. Their fees differ too: 0.45% for STOT and 0.05% for TAXS.