TAXT vs EMM
Comparison between NORTHERN TRUST TAX-EXEMPT BOND ETF (TAXT, ETF) and GLOBAL X EMERGING MARKETS EX-CHINA ETF (EMM, ETF).
TAXT vs EMM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TAXT
$61M
EMM
$61M
Expense Ratio
Winner
TAXT
0.05%
EMM
0.66%
Max Drawdown
Winner
TAXT
2.70%
EMM
22.37%
Sharpe Ratio
TAXT
0.70
Winner
EMM
1.34
5Y Beta
Winner
TAXT
0.07
EMM
0.92
TAXT vs EMM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TAXT
-0.44%
EMM
-10.26%
3M
TAXT
+0.07%
Winner
EMM
+6.52%
6M
TAXT
+0.61%
Winner
EMM
+19.10%
1Y
TAXT
+5.14%
Winner
EMM
+41.22%
Max(CAGR)
TAXT
+5.60%
Winner
EMM
+18.32%
TAXT vs EMM - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | TAXT | EMM |
|---|---|---|
| 2026 | +0.96% | +22.12% |
| 2025 | +3.97% | +28.49% |
| 2024 | N/A | +3.68% |
| 2023 | N/A | +3.39% |
TAXT vs EMM Drawdown Comparison
The maximum drawdown for TAXT was -2.49%, occurring on Mar 24, 2026. This drawdown has not yet recovered.
The maximum drawdown for EMM was -21.99%, occurring on Apr 8, 2025. Recovery took 239 trading sessions.
The current TAXT drawdown is -0.93%. The current EMM drawdown is -10.26%.
| Rank | TAXT | EMM |
|---|---|---|
| #1 | -2.49% Feb 27, 2026 - Mar 24, 2026 | -21.99% Jul 10, 2024 - Jun 24, 2025 |
| #2 | -0.49% Nov 11, 2025 - Nov 26, 2025 | -14.75% Feb 25, 2026 - Apr 17, 2026 |
| #3 | -0.37% Oct 24, 2025 - Nov 11, 2025 | -13.84% Jun 22, 2026 - Jul 20, 2026 |
| #4 | -0.36% Sep 17, 2025 - Oct 7, 2025 | -13.61% Jul 31, 2023 - Mar 1, 2024 |
| #5 | -0.34% Nov 28, 2025 - Dec 5, 2025 | -8.61% Jun 2, 2026 - Jun 18, 2026 |
| #6 | -0.33% Jan 14, 2026 - Jan 30, 2026 | -6.83% May 8, 2026 - May 26, 2026 |
| #7 | -0.17% Aug 22, 2025 - Sep 3, 2025 | -6.53% Apr 8, 2024 - Jun 12, 2024 |
| #8 | -0.17% Dec 5, 2025 - Dec 16, 2025 | -5.10% Jun 15, 2023 - Jul 13, 2023 |
| #9 | -0.16% Aug 19, 2025 - Aug 22, 2025 | -5.09% Nov 3, 2025 - Dec 10, 2025 |
| #10 | -0.11% Dec 29, 2025 - Jan 2, 2026 | -4.18% May 15, 2023 - Jun 6, 2023 |
| #11 | -0.11% Feb 9, 2026 - Feb 12, 2026 | -4.17% Dec 10, 2025 - Dec 26, 2025 |
| #12 | -0.09% Dec 16, 2025 - Dec 19, 2025 | -3.52% Oct 8, 2025 - Oct 16, 2025 |
| #13 | -0.09% Dec 19, 2025 - Dec 23, 2025 | -2.50% Jul 3, 2025 - Sep 9, 2025 |
| #14 | -0.07% Dec 24, 2025 - Dec 29, 2025 | -2.37% Mar 12, 2024 - Mar 28, 2024 |
| #15 | -0.07% Jan 9, 2026 - Jan 14, 2026 | -2.35% Jul 13, 2023 - Jul 26, 2023 |
Correlation
Correlation between TAXT and EMM is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2023 - 2026)
TAXT vs EMM dividend yield comparison.
| Year | TAXT | EMM |
|---|---|---|
| 2026 | 1.60% | 0.29% |
| 2025 | 1.23% | 0.90% |
| 2024 | 0.00% | 0.80% |
| 2023 | 0.00% | 0.66% |
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