TAXS vs UPGD
Comparison between NORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF (TAXS, ETF) and INVESCO BLOOMBERG ANALYST RATING IMPROVERS ETF (UPGD, ETF).
TAXS vs UPGD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TAXS
$118M
Winner
UPGD
$118M
Expense Ratio
Winner
TAXS
0.05%
UPGD
0.40%
Max Drawdown
Winner
TAXS
1.39%
UPGD
64.78%
Sharpe Ratio
TAXS
-1.68
Winner
UPGD
0.69
5Y Beta
Winner
TAXS
0.02
UPGD
0.70
P/E Ratio
TAXS
N/A
UPGD
33.63
Forward P/E
TAXS
N/A
UPGD
18.69
PEG Ratio
TAXS
N/A
UPGD
0.07
5Y Dividends CAGR
TAXS
N/A
UPGD
55.56%
5Y EPS CAGR
TAXS
N/A
UPGD
10.83%
Debt to Equity
TAXS
N/A
UPGD
-74.82%
P/S Ratio
TAXS
N/A
UPGD
1.85
P/B Ratio
TAXS
N/A
UPGD
4.44
TAXS vs UPGD - Historical Returns
Returns include dividend reinvestment.
1M
TAXS
-0.37%
Winner
UPGD
+1.02%
3M
TAXS
-0.02%
Winner
UPGD
+5.66%
6M
TAXS
+0.25%
Winner
UPGD
+5.35%
1Y
TAXS
+1.89%
Winner
UPGD
+12.37%
5Y(CAGR)
TAXS
N/A
UPGD
+7.60%
10Y(CAGR)
TAXS
N/A
UPGD
+9.77%
Max(CAGR)
TAXS
+2.04%
Winner
UPGD
+7.91%
TAXS vs UPGD - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | TAXS | UPGD |
|---|---|---|
| 2026 | +0.58% | +9.36% |
| 2025 | +1.22% | +8.98% |
| 2024 | N/A | +13.80% |
| 2023 | N/A | +16.47% |
| 2022 | N/A | -13.97% |
| 2021 | N/A | +25.57% |
| 2020 | N/A | +6.10% |
| 2019 | N/A | +30.23% |
| 2018 | N/A | -15.51% |
| 2017 | N/A | +12.33% |
| 2016 | N/A | +21.96% |
| 2015 | N/A | -5.93% |
| 2014 | N/A | +5.65% |
| 2013 | N/A | +39.25% |
| 2012 | N/A | +12.96% |
| 2011 | N/A | -3.39% |
| 2010 | N/A | +25.78% |
| 2009 | N/A | +51.42% |
| 2008 | N/A | -38.29% |
| 2007 | N/A | +2.96% |
| 2006 | N/A | -14.71% |
TAXS vs UPGD Drawdown Comparison
The maximum drawdown for TAXS was -0.84%, occurring on Mar 24, 2026. Recovery took 70 trading sessions.
The maximum drawdown for UPGD was -60.86%, occurring on Nov 20, 2008. Recovery took 1142 trading sessions.
The current TAXS drawdown is -0.56%. The current UPGD drawdown is -2.60%.
| Rank | TAXS | UPGD |
|---|---|---|
| #1 | -0.84% Feb 27, 2026 - Jun 9, 2026 | -60.86% May 23, 2006 - Dec 3, 2010 |
| #2 | -0.56% Jul 6, 2026 - Jul 23, 2026 | -50.19% Aug 29, 2018 - Dec 3, 2020 |
| #3 | -0.50% Sep 16, 2025 - Nov 28, 2025 | -28.87% Apr 29, 2011 - Mar 15, 2012 |
| #4 | -0.10% Jun 9, 2026 - Jun 16, 2026 | -27.28% Jun 23, 2015 - Nov 18, 2016 |
| #5 | -0.09% Jun 16, 2026 - Jun 25, 2026 | -24.31% Nov 9, 2021 - Feb 27, 2024 |
| #6 | -0.06% Aug 22, 2025 - Sep 4, 2025 | -16.90% Nov 29, 2024 - Aug 22, 2025 |
| #7 | -0.06% Dec 19, 2025 - Dec 23, 2025 | -13.43% Mar 26, 2012 - Jan 2, 2013 |
| #8 | -0.05% Nov 28, 2025 - Dec 2, 2025 | -12.68% Jul 3, 2014 - Feb 24, 2015 |
| #9 | -0.04% Jun 26, 2026 - Jul 2, 2026 | -10.11% Jan 26, 2018 - May 16, 2018 |
| #10 | -0.03% Dec 24, 2025 - Dec 29, 2025 | -10.01% Feb 27, 2026 - May 26, 2026 |
| #11 | -0.03% Sep 11, 2025 - Sep 15, 2025 | -8.56% Jun 8, 2021 - Oct 19, 2021 |
| #12 | -0.03% Jan 16, 2026 - Jan 21, 2026 | -6.75% Oct 6, 2025 - Dec 11, 2025 |
| #13 | -0.03% Feb 17, 2026 - Feb 20, 2026 | -6.71% Jan 22, 2014 - Feb 26, 2014 |
| #14 | -0.02% Dec 5, 2025 - Dec 10, 2025 | -6.69% Jul 25, 2017 - Sep 27, 2017 |
| #15 | -0.02% Dec 11, 2025 - Dec 15, 2025 | -6.68% Apr 2, 2014 - Jun 18, 2014 |
Correlation
Correlation between TAXS and UPGD is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (2006 - 2026)
TAXS vs UPGD dividend yield comparison.
| Year | TAXS | UPGD |
|---|---|---|
| 2026 | 1.29% | 0.00% |
| 2025 | 0.74% | 1.75% |
| 2024 | 0.00% | 1.28% |
| 2023 | 0.00% | 1.39% |
| 2022 | 0.00% | 0.72% |
| 2021 | 0.00% | 0.52% |
| 2020 | 0.00% | 0.28% |
| 2019 | 0.00% | 0.20% |
| 2018 | 0.00% | 1.43% |
| 2016 | 0.00% | 1.55% |
| 2015 | 0.00% | 0.93% |
| 2014 | 0.00% | 0.26% |
| 2013 | 0.00% | 0.34% |
| 2012 | 0.00% | 0.35% |
| 2011 | 0.00% | 0.14% |
| 2008 | 0.00% | 0.31% |
| 2007 | 0.00% | 10.64% |
| 2006 | 0.00% | 0.60% |
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