TAXS vs OPER
Comparison between NORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF (TAXS, ETF) and CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF).
TAXS vs OPER - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TAXS
$118M
OPER
$118M
Expense Ratio
Winner
TAXS
0.05%
OPER
0.20%
Max Drawdown
Winner
TAXS
1.39%
OPER
3.00%
Sharpe Ratio
TAXS
-1.68
Winner
OPER
0.43
5Y Beta
TAXS
0.02
Winner
OPER
0.00
5Y Dividends CAGR
TAXS
N/A
OPER
56.95%
TAXS vs OPER - Historical Returns
Returns include dividend reinvestment.
1M
TAXS
-0.37%
Winner
OPER
+0.29%
3M
TAXS
-0.02%
Winner
OPER
+0.87%
6M
TAXS
+0.25%
Winner
OPER
+1.78%
1Y
TAXS
+1.89%
Winner
OPER
+3.95%
5Y(CAGR)
TAXS
N/A
OPER
+3.74%
10Y(CAGR)
TAXS
N/A
OPER
+2.81%
Max(CAGR)
TAXS
+2.04%
Winner
OPER
+2.81%
TAXS vs OPER - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | TAXS | OPER |
|---|---|---|
| 2026 | +0.58% | +2.02% |
| 2025 | +1.22% | +4.36% |
| 2024 | N/A | +5.33% |
| 2023 | N/A | +5.06% |
| 2022 | N/A | +1.75% |
| 2021 | N/A | +0.37% |
| 2020 | N/A | +0.64% |
| 2019 | N/A | +2.15% |
| 2018 | N/A | +0.90% |
TAXS vs OPER Drawdown Comparison
The maximum drawdown for TAXS was -0.84%, occurring on Mar 24, 2026. Recovery took 70 trading sessions.
The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.
The current TAXS drawdown is -0.56%.
| Rank | TAXS | OPER |
|---|---|---|
| #1 | -0.84% Feb 27, 2026 - Jun 9, 2026 | -2.33% Nov 15, 2018 - Dec 30, 2019 |
| #2 | -0.56% Jul 6, 2026 - Jul 23, 2026 | -0.13% Feb 24, 2022 - May 12, 2022 |
| #3 | -0.50% Sep 16, 2025 - Nov 28, 2025 | -0.11% Mar 28, 2024 - Apr 2, 2024 |
| #4 | -0.10% Jun 9, 2026 - Jun 16, 2026 | -0.11% Mar 17, 2020 - May 26, 2020 |
| #5 | -0.09% Jun 16, 2026 - Jun 25, 2026 | -0.09% Mar 31, 2025 - Apr 8, 2025 |
| #6 | -0.06% Aug 22, 2025 - Sep 4, 2025 | -0.07% Apr 29, 2026 - May 11, 2026 |
| #7 | -0.06% Dec 19, 2025 - Dec 23, 2025 | -0.07% Mar 13, 2023 - Mar 20, 2023 |
| #8 | -0.05% Nov 28, 2025 - Dec 2, 2025 | -0.05% Mar 2, 2021 - Mar 17, 2021 |
| #9 | -0.04% Jun 26, 2026 - Jul 2, 2026 | -0.05% Mar 25, 2024 - Mar 27, 2024 |
| #10 | -0.03% Dec 24, 2025 - Dec 29, 2025 | -0.05% Mar 30, 2023 - Apr 3, 2023 |
| #11 | -0.03% Sep 11, 2025 - Sep 15, 2025 | -0.04% Nov 23, 2022 - Nov 28, 2022 |
| #12 | -0.03% Jan 16, 2026 - Jan 21, 2026 | -0.04% May 12, 2026 - May 15, 2026 |
| #13 | -0.03% Feb 17, 2026 - Feb 20, 2026 | -0.04% Jan 27, 2022 - Feb 24, 2022 |
| #14 | -0.02% Dec 5, 2025 - Dec 10, 2025 | -0.03% Oct 5, 2023 - Oct 9, 2023 |
| #15 | -0.02% Dec 11, 2025 - Dec 15, 2025 | -0.03% Dec 12, 2023 - Dec 15, 2023 |
Correlation
Correlation between TAXS and OPER is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2018 - 2026)
TAXS vs OPER dividend yield comparison.
| Year | TAXS | OPER |
|---|---|---|
| 2026 | 1.29% | 1.74% |
| 2025 | 0.74% | 4.32% |
| 2024 | 0.00% | 5.21% |
| 2023 | 0.00% | 5.03% |
| 2022 | 0.00% | 1.71% |
| 2021 | 0.00% | 0.36% |
| 2020 | 0.00% | 0.64% |
| 2019 | 0.00% | 2.08% |
| 2018 | 0.00% | 0.89% |
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