EWK vs TAXI

Comparison between ISHARES MSCI BELGIUM ETF (EWK, ETF) and NORTHERN TRUST INTERMEDIATE TAX-EXEMPT BOND ETF (TAXI, ETF).

EWK vs TAXI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EWK(ETF)	TAXI(ETF)
Net Assets	$160M	$160M
Expense Ratio	0.49%	0.05%
Max Drawdown	76.53%	2.43%
Sharpe Ratio	1.08	0.24
5Y Beta	0.46	0.05
5Y Dividends CAGR	5.49%	N/A

Net Assets

EWK

$160M

Winner

TAXI

$160M

Expense Ratio

EWK

0.49%

Winner

TAXI

0.05%

Max Drawdown

EWK

76.53%

Winner

TAXI

2.43%

Sharpe Ratio

Winner

EWK

1.08

TAXI

0.24

5Y Beta

EWK

0.46

Winner

TAXI

0.05

5Y Dividends CAGR

EWK

5.49%

TAXI

N/A

EWK vs TAXI - Historical Returns

Returns include dividend reinvestment.

Period	EWK	TAXI
1 month	-1.31%	-0.50%
3 months	+4.47%	-0.07%
6 months	+5.67%	-0.03%
1 year	+21.00%	+3.92%
5 years(CAGR)	+6.45%	N/A
10 years(CAGR)	+6.96%	N/A
Max(CAGR)	+5.04%	+4.27%

EWK

-1.31%

Winner

TAXI

-0.50%

Winner

EWK

+4.47%

TAXI

-0.07%

Winner

EWK

+5.67%

TAXI

-0.03%

Winner

EWK

+21.00%

TAXI

+3.92%

5Y(CAGR)

EWK

+6.45%

TAXI

N/A

10Y(CAGR)

EWK

+6.96%

TAXI

N/A

Max(CAGR)

Winner

EWK

+5.04%

TAXI

+4.27%

EWK vs TAXI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EWK	TAXI
2026	+9.30%	+0.42%
2025	+35.87%	+3.35%
2024	+1.33%	N/A
2023	+7.19%	N/A
2022	-15.08%	N/A
2021	+11.60%	N/A
2020	-0.97%	N/A
2019	+26.61%	N/A
2018	-20.92%	N/A
2017	+23.57%	N/A
2016	-0.64%	N/A
2015	+13.66%	N/A
2014	+2.19%	N/A
2013	+24.29%	N/A
2012	+31.94%	N/A
2011	-16.35%	N/A
2010	+1.34%	N/A
2009	+44.49%	N/A
2008	-62.08%	N/A
2007	-3.13%	N/A
2006	+30.72%	N/A
2005	+7.66%	N/A
2004	+42.99%	N/A
2003	+37.15%	N/A
2002	-10.75%	N/A
2001	-13.53%	N/A
2000	-20.19%	N/A
1999	+2.80%	N/A

EWK vs TAXI Drawdown Comparison

The maximum drawdown for EWK was -74.13%, occurring on Mar 9, 2009. Recovery took 2491 trading sessions.

The maximum drawdown for TAXI was -2.23%, occurring on Mar 24, 2026. This drawdown has not yet recovered.

The current EWK drawdown is -3.42%. The current TAXI drawdown is -1.18%.

Rank	EWK	TAXI
#1	-74.13% Jul 12, 2007 - Jun 2, 2017	-2.23% Feb 27, 2026 - Mar 24, 2026
#2	-53.88% Nov 17, 1999 - Aug 26, 2004	-0.42% Sep 17, 2025 - Oct 10, 2025
#3	-42.79% Jan 26, 2018 - Apr 21, 2021	-0.25% Nov 11, 2025 - Nov 24, 2025
#4	-35.17% Jun 15, 2021 - Apr 29, 2025	-0.20% Oct 22, 2025 - Nov 10, 2025
#5	-16.05% May 10, 2006 - Aug 30, 2006	-0.17% Jan 16, 2026 - Jan 27, 2026
#6	-15.47% Feb 17, 2026 - Jun 11, 2026	-0.13% Nov 28, 2025 - Dec 8, 2025
#7	-9.13% Mar 9, 2005 - Aug 11, 2005	-0.08% Aug 27, 2025 - Sep 3, 2025
#8	-8.75% Feb 14, 2007 - Apr 3, 2007	-0.08% Jan 9, 2026 - Jan 14, 2026
#9	-6.06% Aug 11, 2005 - Dec 12, 2005	-0.07% Aug 19, 2025 - Aug 22, 2025
#10	-5.86% May 7, 2007 - Jul 12, 2007	-0.06% Dec 29, 2025 - Jan 2, 2026
#11	-5.14% Dec 28, 2004 - Feb 14, 2005	-0.04% Aug 22, 2025 - Aug 27, 2025
#12	-4.38% Jul 23, 2025 - Aug 14, 2025	-0.04% Sep 11, 2025 - Sep 15, 2025
#13	-4.30% Jun 12, 2026 - Jul 20, 2026	-0.04% Dec 9, 2025 - Dec 15, 2025
#14	-4.29% Jun 2, 2017 - Jul 20, 2017	-0.03% Sep 8, 2025 - Sep 10, 2025
#15	-4.20% Oct 13, 2017 - Jan 4, 2018	-0.03% Dec 19, 2025 - Dec 24, 2025

Correlation

Correlation between EWK and TAXI is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

EWK vs TAXI dividend yield comparison.

Year	EWK	TAXI
2026	1.26%	1.38%
2025	1.73%	0.85%
2024	3.25%	0.00%
2023	2.09%	0.00%
2022	2.58%	0.00%
2021	3.64%	0.00%
2020	1.66%	0.00%
2019	2.77%	0.00%
2018	2.78%	0.00%
2017	2.91%	0.00%
2016	1.75%	0.00%
2015	2.06%	0.00%
2014	1.85%	0.00%
2013	4.62%	0.00%
2012	2.70%	0.00%
2011	5.35%	0.00%
2010	1.86%	0.00%
2009	1.81%	0.00%
2008	13.65%	0.00%
2007	2.95%	0.00%
2006	1.72%	0.00%
2005	4.23%	0.00%
2004	1.54%	0.00%
2003	7.76%	0.00%
2002	1.15%	0.00%
2001	2.75%	0.00%
2000	3.10%	0.00%