BBN vs. TFCYX
Compare and contrast key facts about BlackRock Taxable Municipal Bond Trust (BBN) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX).
BBN is an actively managed fund by BlackRock. It was launched on Aug 27, 2010. TFCYX is managed by BlackRock. It was launched on Apr 21, 2016.
Performance
BBN vs. TFCYX - Performance Comparison
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BBN vs. TFCYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 0.77% | 8.59% | 6.01% | 3.55% | -31.02% | 2.68% | 16.95% | 22.78% | -2.86% | 14.40% |
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund | 0.32% | 2.71% | 3.24% | 2.77% | 0.72% | 0.10% | 0.46% | 1.40% | 1.25% | 0.69% |
Returns By Period
In the year-to-date period, BBN achieves a 0.77% return, which is significantly higher than TFCYX's 0.32% return.
BBN
- 1D
- -0.12%
- 1M
- -2.58%
- YTD
- 0.77%
- 6M
- 0.28%
- 1Y
- 4.41%
- 3Y*
- 3.52%
- 5Y*
- -1.71%
- 10Y*
- 3.08%
TFCYX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.32%
- 6M
- 0.99%
- 1Y
- 2.34%
- 3Y*
- 2.75%
- 5Y*
- 1.95%
- 10Y*
- —
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BBN vs. TFCYX - Expense Ratio Comparison
BBN has a 2.32% expense ratio, which is higher than TFCYX's 0.13% expense ratio.
Return for Risk
BBN vs. TFCYX — Risk / Return Rank
BBN
TFCYX
BBN vs. TFCYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Taxable Municipal Bond Trust (BBN) and SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BBN | TFCYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 3.02 | -2.60 |
Sortino ratioReturn per unit of downside risk | 0.64 | 8.81 | -8.17 |
Omega ratioGain probability vs. loss probability | 1.08 | 4.32 | -3.24 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | 26.02 | -25.49 |
Martin ratioReturn relative to average drawdown | 1.14 | 68.88 | -67.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBN | TFCYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 3.02 | -2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 1.61 | -1.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.61 | -1.21 |
Correlation
The correlation between BBN and TFCYX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BBN vs. TFCYX - Dividend Comparison
BBN's dividend yield for the trailing twelve months is around 7.19%, more than TFCYX's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 7.19% | 7.01% | 6.92% | 7.16% | 7.91% | 5.45% | 5.05% | 5.66% | 7.09% | 6.82% | 7.32% | 7.54% |
TFCYX SEI Institutional Managed Trust Tax-Free Conservative Income Fund | 2.31% | 2.68% | 3.19% | 2.63% | 0.72% | 0.00% | 0.46% | 1.39% | 1.24% | 0.68% | 0.00% | 0.00% |
Drawdowns
BBN vs. TFCYX - Drawdown Comparison
The maximum BBN drawdown since its inception was -38.37%, which is greater than TFCYX's maximum drawdown of -1.10%. Use the drawdown chart below to compare losses from any high point for BBN and TFCYX.
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Drawdown Indicators
| BBN | TFCYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -1.10% | -37.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -0.10% | -7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -38.37% | -1.10% | -37.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | — | — |
Current DrawdownCurrent decline from peak | -18.47% | -0.10% | -18.37% |
Average DrawdownAverage peak-to-trough decline | -10.23% | -0.02% | -10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 0.04% | +3.44% |
Volatility
BBN vs. TFCYX - Volatility Comparison
BlackRock Taxable Municipal Bond Trust (BBN) has a higher volatility of 4.08% compared to SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) at 0.10%. This indicates that BBN's price experiences larger fluctuations and is considered to be riskier than TFCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBN | TFCYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 0.10% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 0.55% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 0.81% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 1.21% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 0.92% | +14.21% |