TAXI vs. TAXF
TAXI (Northern Trust Intermediate Tax-Exempt Bond ETF) and TAXF (American Century Diversified Municipal Bond ETF) are both Municipal Bonds funds. TAXI is passively managed, while TAXF is actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. TAXI charges 0.05%/yr vs 0.29%/yr for TAXF.
Performance
TAXI vs. TAXF - Performance Comparison
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Returns By Period
In the year-to-date period, TAXI achieves a -0.06% return, which is significantly lower than TAXF's 0.84% return.
TAXI
- 1D
- -0.10%
- 1M
- -1.30%
- 6M
- -0.93%
- YTD
- -0.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TAXF
- 1D
- -0.12%
- 1M
- -1.76%
- 6M
- -0.01%
- YTD
- 0.84%
- 1Y
- 5.48%
- 3Y*
- 3.54%
- 5Y*
- 0.68%
- 10Y*
- —
- ALL TIME*
- 2.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.10M | $2.57M | $2.35M | |
| $315.33K | $522.95K | $833.42K |
TAXI vs. TAXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | -0.06% | 3.35% |
TAXF American Century Diversified Municipal Bond ETF | 0.84% | 4.73% |
Correlation
The correlation between TAXI and TAXF is 0.69, 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 Aug 19, 2025 | 0.69 |
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Return for Risk
TAXI vs. TAXF — Risk / Return Rank
TAXI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TAXF
TAXI vs. TAXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) and American Century Diversified Municipal Bond ETF (TAXF). 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.
| TAXI | TAXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.43 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.15 | — |
| Martin ratioReturn relative to average drawdown | — | 7.30 | — |
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Drawdowns
TAXI vs. TAXF - Drawdown Comparison
The maximum TAXI drawdown since its inception was -2.23%, smaller than the maximum TAXF drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for TAXI and TAXF.
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Drawdown Indicators
| TAXI | TAXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.23% | -13.93% | +11.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.83% | — |
Current DrawdownCurrent decline from peak | -1.78% | -1.80% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -3.09% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.86% | — |
Volatility
TAXI vs. TAXF - Volatility Comparison
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Volatility by Period
| TAXI | TAXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 3.14% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.95% | 4.24% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.95% | 4.63% | -2.68% |
TAXI vs. TAXF - Expense Ratio Comparison
TAXI has a 0.05% expense ratio, which is lower than TAXF's 0.29% expense ratio.
Dividends
TAXI vs. TAXF - Dividend Comparison
TAXI's dividend yield for the trailing twelve months is around 2.25%, less than TAXF's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TAXF American Century Diversified Municipal Bond ETF | 3.51% | 3.68% | 3.38% | 2.93% | 2.05% | 1.58% | 2.13% | 2.64% | 0.69% |
TAXI Northern Trust Intermediate Tax-Exempt Bond ETF | 2.25% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TAXI and TAXF have a correlation of 0.69, 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 0.29% for TAXF.
TAXF has the higher dividend yield at 3.51%, compared with 2.25% for TAXI.
They also come from different issuers: Northern Trust and American Century. Their fees differ too: 0.05% for TAXI and 0.29% for TAXF.
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