BFK vs. FZROX
Compare and contrast key facts about BlackRock Municipal Income Trust (BFK) and Fidelity ZERO Total Market Index Fund (FZROX).
FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFK or FZROX.
Key characteristics
| BFK | FZROX | |
|---|---|---|
| YTD Return | 0.77% | 4.99% |
| 1Y Return | 4.59% | 23.88% |
| 3Y Return (Ann) | -8.70% | 6.47% |
| 5Y Return (Ann) | -1.95% | 12.46% |
| Sharpe Ratio | 0.46 | 1.85 |
| Daily Std Dev | 11.12% | 12.06% |
| Max Drawdown | -59.51% | -34.96% |
| Current Drawdown | -28.48% | -4.64% |
Correlation
The correlation between BFK and FZROX is 0.21, 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.
Performance
BFK vs. FZROX - Performance Comparison
In the year-to-date period, BFK achieves a 0.77% return, which is significantly lower than FZROX's 4.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BFK vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Municipal Income Trust (BFK) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
Dividends
BFK vs. FZROX - Dividend Comparison
BFK's dividend yield for the trailing twelve months is around 4.66%, more than FZROX's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFK BlackRock Municipal Income Trust | 4.66% | 3.95% | 5.84% | 4.52% | 4.33% | 4.74% | 5.87% | 5.63% | 6.31% | 6.11% | 6.40% | 7.30% |
FZROX Fidelity ZERO Total Market Index Fund | 1.30% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BFK vs. FZROX - Drawdown Comparison
The maximum BFK drawdown since its inception was -59.51%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for BFK and FZROX. For additional features, visit the drawdowns tool.
Volatility
BFK vs. FZROX - Volatility Comparison
The current volatility for BlackRock Municipal Income Trust (BFK) is 2.30%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 3.97%. This indicates that BFK experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.