TAXS vs. MYMK

Last updated Jul 14, 2026

TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) and MYMK (SPDR SSGA My2031 Municipal Bond ETF) are both Municipal Bonds funds. TAXS is passively managed, while MYMK is actively managed. At a 0.42 correlation, their price movements are largely independent. TAXS charges 0.05%/yr vs 0.20%/yr for MYMK.

Performance

TAXS vs. MYMK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) and SPDR SSGA My2031 Municipal Bond ETF (MYMK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAXS achieves a 1.13% return, which is significantly higher than MYMK's 0.90% return.

TAXS

• 1D: -0.04%
• 1M: 0.12%
• 6M: 0.84%
• YTD: 1.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MYMK

• 1D: -0.04%
• 1M: 0.19%
• 6M: 0.18%
• YTD: 0.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TAXS vs. MYMK - Yearly Performance Comparison

	2026 (YTD)	2025
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF	1.13%	0.52%
MYMK SPDR SSGA My2031 Municipal Bond ETF	0.90%	0.65%

Correlation

The correlation between TAXS and MYMK is 0.42, 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 Sep 17, 2025	0.42

Return for Risk

TAXS vs. MYMK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) and SPDR SSGA My2031 Municipal Bond ETF (MYMK). 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.

Drawdowns

TAXS vs. MYMK - Drawdown Comparison

The maximum TAXS drawdown since its inception was -0.84%, smaller than the maximum MYMK drawdown of -2.22%. Use the drawdown chart below to compare losses from any high point for TAXS and MYMK.

Drawdown Indicators

	TAXS	MYMK	Difference
Max Drawdown Largest peak-to-trough decline	-0.84%	-2.22%	+1.38%
Current Drawdown Current decline from peak	-0.10%	-0.93%	+0.83%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.62%	+0.41%

Volatility

Volatility by Period

	TAXS	MYMK	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.98%	1.90%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.98%	1.90%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.98%	1.90%	-0.92%

TAXS vs. MYMK - Expense Ratio Comparison

TAXS has a 0.05% expense ratio, which is lower than MYMK's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TAXS vs. MYMK - Dividend Comparison

TAXS's dividend yield for the trailing twelve months is around 2.03%, which matches MYMK's 2.05% yield.

Position	TTM	2025
MYMK SPDR SSGA My2031 Municipal Bond ETF	2.05%	0.77%
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF	2.03%	0.74%

Frequently Asked Questions

Can I hold both TAXS and MYMK in my portfolio?

TAXS and MYMK have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TAXS or MYMK?

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, TAXS or MYMK?

TAXS is cheaper with a 0.05% expense ratio, compared with 0.20% for MYMK.

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

MYMK has the higher dividend yield at 2.05%, compared with 2.03% for TAXS.

What is the main difference between TAXS and MYMK?

They also come from different issuers: Northern Trust and State Street. Their fees differ too: 0.05% for TAXS and 0.20% for MYMK.