TAXX vs. TAXT
TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) and TAXT (Northern Trust Tax-Exempt Bond ETF) are both Municipal Bonds funds. TAXX is actively managed, while TAXT is passively managed. Their 0.42 correlation means their historical movements had little consistent relationship. TAXX charges 0.35%/yr vs 0.05%/yr for TAXT.
Performance
TAXX vs. TAXT - Performance Comparison
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Returns By Period
In the year-to-date period, TAXX achieves a 1.07% return, which is significantly higher than TAXT's 0.32% return.
TAXX
- 1D
- -0.03%
- 1M
- -0.29%
- 6M
- 0.59%
- YTD
- 1.07%
- 1Y
- 2.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.76%
TAXT
- 1D
- -0.08%
- 1M
- -1.57%
- 6M
- -0.46%
- YTD
- 0.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $101.60K | $96.04K | $143.38K | |
| $1.35M | $2.98M | $3.14M |
TAXX vs. TAXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 1.07% | 1.42% |
TAXT Northern Trust Tax-Exempt Bond ETF | 0.32% | 3.91% |
Correlation
The correlation between TAXX and TAXT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.42 |
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Return for Risk
TAXX vs. TAXT — Risk / Return Rank
TAXX
TAXT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TAXX vs. TAXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Northern Trust Tax-Exempt Bond ETF (TAXT). 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.
| TAXX | TAXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | — | — |
| Martin ratioReturn relative to average drawdown | 11.24 | — | — |
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Drawdowns
TAXX vs. TAXT - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.91%, smaller than the maximum TAXT drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for TAXX and TAXT.
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Drawdown Indicators
| TAXX | TAXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -2.49% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -1.72% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.52% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | — | — |
Volatility
TAXX vs. TAXT - Volatility Comparison
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Volatility by Period
| TAXX | TAXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 2.57% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 2.57% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 2.57% | -1.00% |
TAXX vs. TAXT - Expense Ratio Comparison
TAXX has a 0.35% expense ratio, which is higher than TAXT's 0.05% expense ratio.
Dividends
TAXX vs. TAXT - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 3.45%, more than TAXT's 2.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TAXT Northern Trust Tax-Exempt Bond ETF | 2.86% | 1.23% | 0.00% |
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 3.14% | 3.72% | 2.70% |
Frequently Asked Questions
TAXX and TAXT 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.
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.
TAXT is cheaper with a 0.05% expense ratio, compared with 0.35% for TAXX.
TAXX has the higher dividend yield at 3.14%, compared with 2.86% for TAXT.
They also come from different issuers: BondBloxx and Northern Trust. Their fees differ too: 0.35% for TAXX and 0.05% for TAXT.
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