Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) Performance
TAXI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.1% since Dec 31, 2025
- 1 year
- +1.2% total return
- Since first price
- +3.5% since 2025
TAXI trailing returns vs SPY, QQQ, AGG
| Period | TAXI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.0% | +1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.4% | −0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −1.9% | +7.8% | +8.4% | −1.5% |
| YTD | +0.1% | −1.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.2% | −1.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 19, 2025 | +3.5% | +0.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TAXI vs SPY
From Aug 19, 2025: TAXI grew to $10,351, SPY to $12,039.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TAXI returns by calendar year
2026 is year to date.
TAXI annual returns table
| Year | TAXI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.1% | −4.7% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TAXI risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +0.6% |
| Volatility (annualized) | 4.1% |
| Sharpe ratio | -0.71 |
| Sortino ratio | -0.77 |
| Best month | +1.3% |
| Worst month | −2.5% |
| Best 12 months | +3.3% |
| Worst 12 months | −0.6% |
| Positive months | 77% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TAXI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | −0.6% | +1.2% | +3.3% | 67% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
TAXI performance overview
Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) returned +1.2% over the past year, with distributions reinvested. Since its first recorded price on Aug 19, 2025 it has returned +3.5%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: TAXI chart, TAXI dividends. See the TAXI overview for the latest quote and fund facts.
TAXI performance FAQ
What is the TAXI return over the past year?
TAXI returned +1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.4%.
How much would $10,000 invested in TAXI be worth?
$10,000 invested in TAXI at its first recorded close on August 19, 2025 would be worth about $10,351 on October 23, 2026 with distributions reinvested.
How volatile is TAXI?
Over the past history TAXI had an annualized volatility of 4.1% and a Sharpe ratio of -0.71 (excess return over 1–3 month T-bills per unit of risk).