BTT vs. MUB
Compare and contrast key facts about Blackrock Municipal 2030 Target Term Trust (BTT) and iShares National AMT-Free Muni Bond ETF (MUB).
MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTT or MUB.
Key characteristics
| BTT | MUB | |
|---|---|---|
| YTD Return | 0.73% | -0.70% |
| 1Y Return | 1.61% | 3.37% |
| 3Y Return (Ann) | -3.84% | -0.70% |
| 5Y Return (Ann) | 1.21% | 1.21% |
| 10Y Return (Ann) | 3.94% | 2.14% |
| Sharpe Ratio | 0.16 | 0.65 |
| Daily Std Dev | 8.64% | 4.33% |
| Max Drawdown | -30.72% | -13.68% |
| Current Drawdown | -14.92% | -3.41% |
Correlation
The correlation between BTT and MUB is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTT vs. MUB - Performance Comparison
In the year-to-date period, BTT achieves a 0.73% return, which is significantly higher than MUB's -0.70% return. Over the past 10 years, BTT has outperformed MUB with an annualized return of 3.94%, while MUB has yielded a comparatively lower 2.14% annualized 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
BTT vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Municipal 2030 Target Term Trust (BTT) and iShares National AMT-Free Muni Bond ETF (MUB). 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
BTT vs. MUB - Dividend Comparison
BTT's dividend yield for the trailing twelve months is around 2.88%, more than MUB's 2.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTT Blackrock Municipal 2030 Target Term Trust | 2.88% | 3.11% | 3.50% | 2.89% | 2.92% | 3.10% | 3.93% | 4.08% | 4.40% | 4.46% | 5.19% | 6.72% |
MUB iShares National AMT-Free Muni Bond ETF | 2.80% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
BTT vs. MUB - Drawdown Comparison
The maximum BTT drawdown since its inception was -30.72%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for BTT and MUB. For additional features, visit the drawdowns tool.
Volatility
BTT vs. MUB - Volatility Comparison
Blackrock Municipal 2030 Target Term Trust (BTT) has a higher volatility of 2.13% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 0.84%. This indicates that BTT's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.