TAXI vs VOO
Northern Trust Intermediate Tax-Exempt Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. TAXI offers more diversification with 2,035 holdings.
Side-by-Side Comparison
| Metric | TAXI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $164M | $997.4B | |
| Dividend Yield | 2.27% | 1.08% | |
| Holdings | 2,035 | 509 | |
| YTD Return | +0.08% | +12.68% | |
| 1Y Return | +3.63% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 3.3% | 14.1% | |
| Max Drawdown | -2.2% | -34.3% | |
| Fund Family | Northern Trust Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 1, 2025 | Sep 7, 2010 |
TAXI vs VOO Performance
Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) is a ETF from Northern Trust Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TAXI returned +3.63% while VOO returned +21.87%. Year to date, TAXI is up 0.08% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.3% for TAXI. 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 -2.2% for TAXI and -34.3% for VOO. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TAXI charges 0.05% per year while VOO charges 0.03%. On a $10,000 position that is $5 vs $3 annually, a gap of $2 per year that compounds over a long holding period. On income, TAXI currently yields 2.27% against 1.08% for VOO.
Holdings Overlap
TAXI and VOO share 0 holdings out of 1020 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, TAXI or VOO?
TAXI has an expense ratio of 0.05% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, TAXI or VOO?
Over the past year TAXI returned +3.63% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), TAXI annualized +3.57% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, TAXI or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.3% for TAXI. Worst drawdown: TAXI -2.2% vs VOO -34.3%.
Should I hold both TAXI and VOO?
TAXI and VOO have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TAXI and VOO?
TAXI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1020 unique securities.
Which pays a higher dividend, TAXI or VOO?
TAXI yields 2.27% while VOO yields 1.08%, so TAXI currently pays the higher dividend yield.
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