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BIDAX vs. VTMFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

BIDAX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Municipal Bond Index Fund (BIDAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

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BIDAX vs. VTMFX - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
BIDAX
iShares Municipal Bond Index Fund
-0.75%4.52%1.44%5.74%-9.41%1.38%4.70%7.56%1.44%
VTMFX
Vanguard Tax-Managed Balanced Fund Admiral Shares
-3.56%11.28%12.17%15.55%-12.69%13.10%13.31%18.01%-3.01%

Returns By Period

In the year-to-date period, BIDAX achieves a -0.75% return, which is significantly higher than VTMFX's -3.56% return.


BIDAX

1D
0.18%
1M
-2.77%
YTD
-0.75%
6M
0.57%
1Y
3.58%
3Y*
2.68%
5Y*
0.54%
10Y*

VTMFX

1D
-0.08%
1M
-5.04%
YTD
-3.56%
6M
-1.55%
1Y
9.77%
3Y*
9.90%
5Y*
6.01%
10Y*
7.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BIDAX vs. VTMFX - Expense Ratio Comparison

BIDAX has a 0.50% expense ratio, which is higher than VTMFX's 0.09% expense ratio.


Return for Risk

BIDAX vs. VTMFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIDAX
BIDAX Risk / Return Rank: 4444
Overall Rank
BIDAX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
BIDAX Sortino Ratio Rank: 3838
Sortino Ratio Rank
BIDAX Omega Ratio Rank: 6868
Omega Ratio Rank
BIDAX Calmar Ratio Rank: 3636
Calmar Ratio Rank
BIDAX Martin Ratio Rank: 3131
Martin Ratio Rank

VTMFX
VTMFX Risk / Return Rank: 6868
Overall Rank
VTMFX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VTMFX Sortino Ratio Rank: 7272
Sortino Ratio Rank
VTMFX Omega Ratio Rank: 7070
Omega Ratio Rank
VTMFX Calmar Ratio Rank: 5959
Calmar Ratio Rank
VTMFX Martin Ratio Rank: 6969
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIDAX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Municipal Bond Index Fund (BIDAX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.


BIDAXVTMFXDifference

Sharpe ratio

Return per unit of total volatility

0.90

1.21

-0.31

Sortino ratio

Return per unit of downside risk

1.22

1.75

-0.53

Omega ratio

Gain probability vs. loss probability

1.26

1.26

0.00

Calmar ratio

Return relative to maximum drawdown

0.97

1.36

-0.39

Martin ratio

Return relative to average drawdown

3.38

6.49

-3.11

BIDAX vs. VTMFX - Sharpe Ratio Comparison

The current BIDAX Sharpe Ratio is 0.90, which is comparable to the VTMFX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of BIDAX and VTMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


BIDAXVTMFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.90

1.21

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.71

-0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.86

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.82

-0.34

Correlation

The correlation between BIDAX and VTMFX is 0.15, 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

BIDAX vs. VTMFX - Dividend Comparison

BIDAX's dividend yield for the trailing twelve months is around 3.14%, more than VTMFX's 2.31% yield.


TTM20252024202320222021202020192018201720162015
BIDAX
iShares Municipal Bond Index Fund
3.14%4.09%3.25%2.16%1.92%2.36%2.35%3.64%0.48%0.00%0.00%0.00%
VTMFX
Vanguard Tax-Managed Balanced Fund Admiral Shares
2.31%2.14%2.08%1.94%1.85%1.38%1.72%2.05%2.22%2.00%2.13%2.06%

Drawdowns

BIDAX vs. VTMFX - Drawdown Comparison

The maximum BIDAX drawdown since its inception was -14.39%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for BIDAX and VTMFX.


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Drawdown Indicators


BIDAXVTMFXDifference

Max Drawdown

Largest peak-to-trough decline

-14.39%

-28.49%

+14.10%

Max Drawdown (1Y)

Largest decline over 1 year

-4.83%

-6.82%

+1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-14.39%

-17.40%

+3.01%

Max Drawdown (10Y)

Largest decline over 10 years

-21.87%

Current Drawdown

Current decline from peak

-2.77%

-5.38%

+2.61%

Average Drawdown

Average peak-to-trough decline

-3.56%

-3.56%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.39%

1.43%

-0.04%

Volatility

BIDAX vs. VTMFX - Volatility Comparison

The current volatility for iShares Municipal Bond Index Fund (BIDAX) is 1.08%, while Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a volatility of 2.30%. This indicates that BIDAX experiences smaller price fluctuations and is considered to be less risky than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BIDAXVTMFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.08%

2.30%

-1.22%

Volatility (6M)

Calculated over the trailing 6-month period

1.66%

4.60%

-2.94%

Volatility (1Y)

Calculated over the trailing 1-year period

4.82%

8.45%

-3.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.04%

8.49%

-4.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.46%

9.09%

-4.63%