iShares Municipal Bond Index Fund (BIDAX)
The investment seeks to provide investment results that correspond to the total return performance of fixed-income securities in the aggregate, as represented by the ICE BofA US Municipal Securities Index. The fund generally invests at least 80% of its assets, plus the amount of any borrowings for investment purposes, in securities or other financial instruments that are components of or have economic characteristics similar to the securities in the index. The index tracks the performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.
Fund Info
US09258N3567
09258N356
Dec 17, 2000
$1,000
Expense Ratio
BIDAX features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Municipal Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares Municipal Bond Index Fund had a return of 0.43% year-to-date (YTD) and 1.99% in the last 12 months.
BIDAX
0.43%
0.80%
0.62%
1.99%
0.30%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of BIDAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.25% | 0.43% | |||||||||||
| 2024 | -0.32% | -0.04% | -0.36% | -0.91% | -0.33% | 1.52% | 0.77% | 0.68% | 1.14% | -1.46% | 1.70% | -1.37% | 0.95% |
| 2023 | 2.99% | -2.47% | 2.34% | -0.24% | -0.69% | 0.86% | 0.13% | -1.24% | -2.92% | -1.30% | 6.55% | 2.42% | 6.22% |
| 2022 | -2.78% | -0.48% | -2.88% | -2.88% | 1.56% | -1.94% | 2.58% | -2.48% | -3.55% | -0.93% | 5.06% | -0.16% | -8.87% |
| 2021 | 0.67% | -1.75% | 0.59% | 0.92% | 0.42% | 0.26% | 0.59% | -0.39% | -0.72% | -0.15% | 0.76% | 0.02% | 1.20% |
| 2020 | 1.85% | 1.33% | -3.63% | -1.58% | 3.18% | 0.77% | 1.59% | -0.38% | -0.14% | -0.31% | 1.51% | 0.42% | 4.53% |
| 2019 | 0.71% | 0.46% | 1.64% | 0.45% | 1.53% | 0.27% | 0.27% | 1.59% | -0.88% | 0.02% | 0.19% | -0.31% | 6.07% |
| 2018 | 0.66% | 0.72% | 1.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIDAX is 27, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Municipal Bond Index Fund (BIDAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Municipal Bond Index Fund provided a 2.78% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.30 | $0.29 | $0.27 | $0.27 | $0.27 | $0.27 | $0.06 |
Dividend yield | 2.78% | 2.76% | 2.59% | 2.51% | 2.19% | 2.18% | 2.24% | 0.51% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.04 | $0.02 | $0.06 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 13.98%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current iShares Municipal Bond Index Fund drawdown is 2.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.98% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.43% | Mar 10, 2020 | 9 | Mar 20, 2020 | 96 | Aug 6, 2020 | 105 |
| -2.18% | Feb 16, 2021 | 8 | Feb 25, 2021 | 68 | Jun 3, 2021 | 76 |
| -1.72% | Sep 5, 2019 | 9 | Sep 17, 2019 | 87 | Jan 22, 2020 | 96 |
| -1.58% | Aug 12, 2020 | 49 | Oct 20, 2020 | 28 | Nov 30, 2020 | 77 |
Volatility
Volatility Chart
The current iShares Municipal Bond Index Fund volatility is 1.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.