iShares Municipal Bond Index Fund (BIDAX)

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iShares Municipal Bond Index Fund (BIDAX) is up 1.2% since the beginning of the year. BIDAX is currently trading at $11 per share. Investors who bought $1,000 worth of BIDAX shares 5 years ago would now be looking at an investment worth $1,033.

iShares Municipal Bond Index Fund (BIDAX) has returned 1.22% so far this year and 6.78% over the past 12 months.

Based on dividend-adjusted daily data since Nov 16, 2018, BIDAX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +6.6%, while the worst month was Sep 2022 at -3.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BIDAX closed higher 37% of trading days. The best single day was Mar 25, 2020 with a return of +3.8%, while the worst single day was Mar 19, 2020 at -2.8%.

iShares Municipal Bond Index Fund has an annualized alpha of 1.97%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since November 19, 2018.

• This fund participated in 22.43% of S&P 500 Index downside but only 14.63% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BIDAX has an expense ratio of 0.50%, placing it in the medium range.

BIDAX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for iShares Municipal Bond Index Fund (BIDAX) and compare them to S&P 500 Index.

iShares Municipal Bond Index Fund provided a 3.11% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for iShares Municipal Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares Municipal Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Municipal Bond Index Fund was 14.39%, occurring on Oct 25, 2022. Recovery took 725 trading sessions.

The current iShares Municipal Bond Index Fund drawdown is 0.83%.

The chart below shows the rolling one-month volatility.