TAXT vs. FTOH

Last updated Aug 2, 2026

TAXT (Northern Trust Tax-Exempt Bond ETF) and FTOH (Franklin Ohio Municipal Income ETF) are both Municipal Bonds funds - TAXT tracks the ICE Focused Municipal Bond Index while FTOH tracks the Actively Managed. Both are passively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. TAXT charges 0.05%/yr vs 0.35%/yr for FTOH.

Performance

TAXT vs. FTOH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust Tax-Exempt Bond ETF (TAXT) 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, TAXT achieves a 0.32% return, which is significantly lower than FTOH's 1.28% return.

TAXT

• 1D: -0.08%
• 1M: -1.57%
• 6M: -0.46%
• YTD: 0.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FTOH

• 1D: -0.24%
• 1M: -1.54%
• 6M: 0.79%
• YTD: 1.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTOH Franklin Ohio Municipal Income ETF	$275.54K	$320.00K	$312.80K
TAXT Northern Trust Tax-Exempt Bond ETF	$101.60K	$96.04K	$143.38K

TAXT vs. FTOH - Yearly Performance Comparison

	2026 (YTD)	2025
TAXT Northern Trust Tax-Exempt Bond ETF	0.32%	0.58%
FTOH Franklin Ohio Municipal Income ETF	1.28%	0.08%

Correlation

The correlation between TAXT and FTOH is 0.67, 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 Nov 10, 2025	0.67

Return for Risk

TAXT vs. FTOH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust Tax-Exempt Bond ETF (TAXT) 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.

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

TAXT vs. FTOH - Drawdown Comparison

The maximum TAXT drawdown since its inception was -2.49%, roughly equal to the maximum FTOH drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for TAXT and FTOH.

Drawdown Indicators

	TAXT	FTOH	Difference
Max Drawdown Largest peak-to-trough decline	-2.49%	-2.59%	+0.10%
Current Drawdown Current decline from peak	-1.72%	-1.71%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.55%	+0.03%

Volatility

Volatility by Period

	TAXT	FTOH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.57%	3.48%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.57%	3.48%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.57%	3.48%	-0.91%

TAXT vs. FTOH - Expense Ratio Comparison

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

Dividends

TAXT vs. FTOH - Dividend Comparison

TAXT's dividend yield for the trailing twelve months is around 2.86%, more than FTOH's 2.57% yield.

Position	TTM	2025
FTOH Franklin Ohio Municipal Income ETF	2.57%	0.56%
TAXT Northern Trust Tax-Exempt Bond ETF	2.86%	1.23%

Frequently Asked Questions

Can I hold both TAXT and FTOH in my portfolio?

TAXT and FTOH have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TAXT or FTOH?

On fees, TAXT 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, TAXT or FTOH?

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

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

TAXT has the higher dividend yield at 2.86%, compared with 2.57% for FTOH.

What is the main difference between TAXT and FTOH?

TAXT tracks ICE 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 TAXT and 0.35% for FTOH.