TAXI vs. FTOH

Last updated Jun 5, 2026

TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) and FTOH (Franklin Ohio Municipal Income ETF) are both Municipal Bonds funds - TAXI tracks the ICE Intermediate Term Focused Municipal Bond Index while FTOH tracks the Actively Managed. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. TAXI charges 0.05%/yr vs 0.35%/yr for FTOH.

Performance

TAXI vs. FTOH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) and Franklin Ohio Municipal Income ETF (FTOH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAXI achieves a 1.00% return, which is significantly lower than FTOH's 2.25% return.

TAXI

• 1D: 0.06%
• 1M: 0.52%
• YTD: 1.00%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTOH

• 1D: 0.12%
• 1M: 1.06%
• YTD: 2.25%
• 6M: 2.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TAXI vs. FTOH - Yearly Performance Comparison

	2026 (YTD)	2025
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF	1.00%	0.93%
FTOH Franklin Ohio Municipal Income ETF	2.25%	0.20%

Correlation

The correlation between TAXI and FTOH is 0.58, 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	0.58

Return for Risk

TAXI vs. FTOH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) and Franklin Ohio Municipal Income ETF (FTOH). 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

	TAXI	FTOH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.95	1.22	+1.73

Drawdowns

TAXI vs. FTOH - Drawdown Comparison

The maximum TAXI drawdown since its inception was -2.23%, smaller than the maximum FTOH drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for TAXI and FTOH.

Drawdown Indicators

	TAXI	FTOH	Difference
Max Drawdown Largest peak-to-trough decline	-2.23%	-2.59%	+0.36%
Current Drawdown Current decline from peak	-0.74%	0.00%	-0.74%
Average Drawdown Average peak-to-trough decline	-0.46%	-0.57%	+0.11%

Volatility

Volatility by Period

	TAXI	FTOH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.90%	3.64%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.90%	3.64%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.90%	3.64%	-1.74%

TAXI vs. FTOH - Expense Ratio Comparison

TAXI has a 0.05% expense ratio, which is lower than FTOH's 0.35% expense ratio.

Dividends

TAXI vs. FTOH - Dividend Comparison

TAXI's dividend yield for the trailing twelve months is around 2.00%, less than FTOH's 2.18% yield.

Position	TTM	2025
FTOH Franklin Ohio Municipal Income ETF	2.18%	0.56%
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF	2.00%	0.85%

Frequently Asked Questions

Can I hold both TAXI and FTOH in my portfolio?

TAXI and FTOH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TAXI or FTOH?

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.

Which ETF is cheaper, TAXI or FTOH?

TAXI is cheaper with a 0.05% expense ratio, compared with 0.35% for FTOH.

Which ETF pays a higher dividend yield, TAXI or FTOH?

FTOH has the higher dividend yield at 2.18%, compared with 2.00% for TAXI.

What is the main difference between TAXI and FTOH?

TAXI tracks ICE Intermediate Term Focused Municipal Bond Index, while FTOH tracks Actively Managed. They also come from different issuers: Northern Trust and Franklin Templeton. Their fees differ too: 0.05% for TAXI and 0.35% for FTOH.