SHDG vs TAXE
Comparison between SOUNDWATCH HEDGED EQUITY ETF (SHDG, ETF) and T. ROWE PRICE INTERMEDIATE MUNICIPAL INCOME ETF (TAXE, ETF).
SHDG vs TAXE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SHDG
$164M
TAXE
$163M
Expense Ratio
SHDG
0.91%
Winner
TAXE
0.24%
Max Drawdown
SHDG
15.84%
Winner
TAXE
4.70%
Sharpe Ratio
SHDG
0.98
Winner
TAXE
1.44
5Y Beta
SHDG
0.66
Winner
TAXE
0.01
SHDG vs TAXE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SHDG
+0.80%
TAXE
+0.52%
3M
Winner
SHDG
+2.70%
TAXE
+0.83%
6M
SHDG
+1.38%
Winner
TAXE
+2.05%
1Y
Winner
SHDG
+11.32%
TAXE
+6.92%
Max(CAGR)
Winner
SHDG
+14.36%
TAXE
+4.74%
SHDG vs TAXE - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SHDG | TAXE |
|---|---|---|
| 2026 | +0.89% | +1.62% |
| 2025 | +11.41% | +5.68% |
| 2024 | +20.29% | +1.55% |
| 2023 | +18.35% | N/A |
| 2022 | +2.56% | N/A |
SHDG vs TAXE Drawdown Comparison
The maximum drawdown for SHDG was -15.82%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.
The maximum drawdown for TAXE was -3.72%, occurring on Apr 11, 2025. Recovery took 114 trading sessions.
The current SHDG drawdown is -0.65%. The current TAXE drawdown is -0.60%.
| Rank | SHDG | TAXE |
|---|---|---|
| #1 | -15.82% Feb 19, 2025 - Jul 22, 2025 | -3.72% Feb 28, 2025 - Aug 13, 2025 |
| #2 | -8.69% Jul 31, 2023 - Dec 12, 2023 | -2.53% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -6.62% Feb 2, 2026 - Mar 30, 2026 | -1.94% Dec 6, 2024 - Feb 25, 2025 |
| #4 | -6.49% Jul 16, 2024 - Aug 30, 2024 | -1.88% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -4.63% Feb 15, 2023 - Mar 31, 2023 | -0.64% Aug 2, 2024 - Aug 23, 2024 |
| #6 | -4.42% Dec 1, 2022 - Jan 26, 2023 | -0.50% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -3.98% Mar 27, 2024 - May 15, 2024 | -0.32% Aug 23, 2024 - Sep 4, 2024 |
| #8 | -3.75% Aug 30, 2024 - Sep 19, 2024 | -0.29% Jan 15, 2026 - Jan 28, 2026 |
| #9 | -3.53% Dec 16, 2024 - Feb 13, 2025 | -0.25% Nov 11, 2025 - Nov 26, 2025 |
| #10 | -3.29% Oct 27, 2025 - Nov 28, 2025 | -0.24% Aug 27, 2025 - Sep 4, 2025 |
| #11 | -2.51% Oct 28, 2022 - Nov 10, 2022 | -0.21% Nov 26, 2025 - Dec 19, 2025 |
| #12 | -2.33% Dec 11, 2025 - Dec 23, 2025 | -0.21% Oct 27, 2025 - Nov 10, 2025 |
| #13 | -1.94% Oct 8, 2025 - Oct 21, 2025 | -0.20% Feb 26, 2025 - Feb 28, 2025 |
| #14 | -1.94% May 1, 2023 - May 18, 2023 | -0.17% Jul 18, 2024 - Jul 25, 2024 |
| #15 | -1.90% Oct 18, 2024 - Nov 6, 2024 | -0.12% Sep 17, 2024 - Sep 27, 2024 |
Correlation
Correlation between SHDG and TAXE is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2022 - 2026)
SHDG vs TAXE dividend yield comparison.
| Year | SHDG | TAXE |
|---|---|---|
| 2026 | 0.00% | 1.52% |
| 2025 | 0.50% | 3.46% |
| 2024 | 0.62% | 1.74% |
| 2023 | 1.24% | 0.00% |
| 2022 | 0.90% | 0.00% |
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