IVV vs TAXS
iShares Core S&P 500 ETF vs Northern Trust Short Term Tax-Exempt Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. TAXS offers more diversification with 1,098 holdings.
Side-by-Side Comparison
| Metric | IVV | TAXS | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $907.0B | $131M | |
| Dividend Yield | 1.10% | 2.04% | |
| Holdings | 508 | 1,098 | |
| YTD Return | +12.71% | +1.19% | |
| 1Y Return | +21.89% | +2.47% | |
| 3Y Return (annualized) | +22.08% | - | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 1.4% | |
| Max Drawdown | -56.5% | -0.8% | |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 1, 2025 |
IVV vs TAXS Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Northern Trust Short Term Tax-Exempt Bond ETF (TAXS) is a ETF from Northern Trust Asset Management. Over the past year IVV returned +21.89% while TAXS returned +2.47%. Year to date, IVV is up 12.71% versus a gain of 1.19% for TAXS.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.4% for TAXS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -0.8% for TAXS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while TAXS charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 2.04% for TAXS.
Holdings Overlap
IVV and TAXS share 0 holdings out of 863 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TAXS?
IVV has an expense ratio of 0.03% while TAXS charges 0.05%. IVV is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, IVV or TAXS?
Over the past year IVV returned +21.89% vs +2.47% for TAXS, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.00% vs +2.50% for TAXS. Past performance does not guarantee future results.
Which is riskier, IVV or TAXS?
IVV has been the more volatile fund at 15.1% annualized versus 1.4% for TAXS. Worst drawdown: IVV -56.5% vs TAXS -0.8%.
Should I hold both IVV and TAXS?
IVV and TAXS have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TAXS?
IVV and TAXS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 863 unique securities.
Which pays a higher dividend, IVV or TAXS?
IVV yields 1.10% while TAXS yields 2.04%, so TAXS currently pays the higher dividend yield.
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