TAXSvsFTNJETF Comparison
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Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) and Franklin New Jersey Municipal Income ETF (FTNJ) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXS is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.35% for FTNJ. TAXS is up 1.56% year-to-date (YTD) with +$120M in YTD flows. FTNJ performs worse with -2.53% YTD performance, and +$54M in YTD flows. Run a side-by-side ETF comparison of TAXS and FTNJ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TAXS vs FTNJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXS FTNJ | +2.12%+3.49% | +0.59%-2.37% | +1.56%-2.53% | +2.50%n/a | n/an/a | n/an/a |
| Flows | TAXS FTNJ | +$41M+$16M | +$29M+$23M | +$120M+$54M | +$183M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXS FTNJ | +2.02%+5.66% | +1.27%n/a | n/an/a | n/an/a |
| Max drawdown | TAXS FTNJ | -1.97%-6.15% | -1.97%n/a | n/an/a | n/an/a |
| Max drawdown duration | TAXS FTNJ | 59d75d | 59dn/a | n/an/a | n/an/a |
Trading data
TAXS | FTNJ | |
Last sale 10/27/2026 at 1:30 PM | $50.07 | $8.49 |
| Previous close 10/27/2026 | $50.06 | $8.49 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 28, 2026
1-year trailing difference
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FTNJ
is actively managed and doesn’t replicate an indexTAXS | FTNJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
TAXS | FTNJ | |
|---|---|---|
| Last price | $50.07 | $8.49 |
| 1D performance | +0.02% | +0.00% |
| AuM | $191.24 M | $189.31 M |
| E/R | 0.05% | 0.35% |
Characteristics
TAXS | FTNJ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | Franklin Templeton |
| Benchmark | ICE Short Term Focused Municipal Bond Index | - |
| N° of holdings | 782 | 52 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 19, 2025 | November 10, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXS
USA
42.95%
Other
57.05%
FTNJ
USA
42.38%
Other
57.62%
Sectors
TAXS
Municipal
42.95%
Other
57.05%
FTNJ
Municipal
42.38%
Other
57.62%
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Diversification
TAXS
Total weight of top 15 holdings out of 15
3.25%
FTNJ
Total weight of top 15 holdings out of 15
27.02%
Top 15 holdings
Data as of August 31, 2026
TAXS
US64972GU289
0.54%
US45505MJL19
0.23%
US267169HD59
0.21%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.21%
US254845TN04
0.20%
US938782EQ84
0.20%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.19%
State of Ohio, 5% 15dec2030, USD (2019-1)
0.19%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.18%
Kentucky, 5% 1apr2030, USD
0.18%
US604146GB05
0.18%
US84136JAE91
0.18%
Ohio Water Development Authority, 5% 1dec2029, USD (2019)
0.18%
US39081JGT97
0.18%
US842039EX31
0.18%
FTNJ
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024)
3.18%
New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994)
3.07%
US443730PU48
2.00%
US645790UQ77
1.99%
US646067FW31
1.98%
US37970PLW04
1.85%
US246343PA97
1.68%
Bastrop Independent School District, 5% 15feb2053, USD (2023)
1.59%
New Jersey Educational Facilities Authority, 5% 1jul2051, USD (2026)
1.58%
US838536MR84
1.58%
New Jersey Educational Facilities Authority, 4% 1jul2050, USD
1.56%
New York and New Jersey Port Authority, 5% 1nov2044, USD
1.27%
New Jersey Economic Development Authority, 5% 1oct2047, USD (2017)
1.24%
US645790CA28
1.23%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD
1.22%
Frequently asked questions about TAXS and FTNJ
How have the TAXS and FTNJ ETFs performed in 2026?
As of October 27, 2026, TAXS is up 1.56% year-to-date (YTD), while FTNJ has lost -2.53%. That puts TAXS better performer ahead so far this year.
Which ETF is attracting more investor money: TAXS or FTNJ?
Year-to-date, the TAXS ETF saw +$120M in flows, compared to +$54M for FTNJ.
Which ETF is bigger: TAXS or FTNJ?
As of October 27, 2026, TAXS holds $191.24 M in assets under management (AUM), while FTNJ manages $189.31 M.
What sectors do the TAXS and FTNJ ETFs invest in?
TAXS leans toward sectors like Municipal. Meanwhile, FTNJ focuses on Municipal.
What are the top holdings of the TAXS ETF and FTNJ ETF?
TAXS top holdings include US64972GU289, US45505MJL19 and US267169HD59. FTNJ holds in its top three: New Jersey Transportation Trust Fund Authority, 5.25% 15jun2050, USD (2024), New York and New Jersey Port Authority, 6.125% 1jun2094, USD (1994) and US443730PU48.
Which ETF is more diversified: TAXS or FTNJ?
TAXS holds 1947 securities with 3.25% of its assets in the top 15. FTNJ has 157 securities and a top 15 weight of 27.02%.
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Latest news about TAXS & FTNJ
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXS
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