TAXI vs VTI
Northern Trust Intermediate Tax-Exempt Bond ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | TAXI | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $164M | $666.9B | |
| Dividend Yield | 2.27% | 1.07% | |
| Holdings | 2,035 | 3,543 | |
| YTD Return | +0.21% | +13.12% | |
| 1Y Return | +3.65% | +20.82% | |
| 3Y Return (annualized) | - | +21.43% | |
| 5Y Return (annualized) | - | +11.84% | |
| Volatility (annualized) | 3.3% | 15.3% | |
| Max Drawdown | -2.2% | -56.6% | |
| Fund Family | Northern Trust Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 1, 2025 | May 24, 2001 |
TAXI vs VTI Performance
Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) is a ETF from Northern Trust Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year TAXI returned +3.65% while VTI returned +20.82%. Year to date, TAXI is up 0.21% versus a gain of 13.12% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TAXI charges 0.05% per year while VTI 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 1.07% for VTI.
Holdings Overlap
TAXI and VTI share 0 holdings out of 3302 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 VTI?
TAXI has an expense ratio of 0.05% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, TAXI or VTI?
Over the past year TAXI returned +3.65% vs +20.82% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (1 years), TAXI annualized +3.66% vs +8.08% for VTI. Past performance does not guarantee future results.
Which is riskier, TAXI or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.3% for TAXI. Worst drawdown: TAXI -2.2% vs VTI -56.6%.
Should I hold both TAXI and VTI?
TAXI and VTI have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TAXI and VTI?
TAXI and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3302 unique securities.
Which pays a higher dividend, TAXI or VTI?
TAXI yields 2.27% while VTI yields 1.07%, so TAXI currently pays the higher dividend yield.
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