FIGB vs. MUB
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and iShares National AMT-Free Muni Bond ETF (MUB).
FIGB and MUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. 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: FIGB or MUB.
Key characteristics
| FIGB | MUB | |
|---|---|---|
| YTD Return | 2.28% | 1.61% |
| 1Y Return | 9.04% | 7.20% |
| 3Y Return (Ann) | -2.14% | -0.14% |
| Sharpe Ratio | 1.23 | 1.68 |
| Sortino Ratio | 1.87 | 2.46 |
| Omega Ratio | 1.22 | 1.33 |
| Calmar Ratio | 0.58 | 0.86 |
| Martin Ratio | 4.49 | 7.31 |
| Ulcer Index | 1.86% | 0.92% |
| Daily Std Dev | 6.82% | 4.01% |
| Max Drawdown | -18.08% | -13.68% |
| Current Drawdown | -6.68% | -1.17% |
Correlation
The correlation between FIGB and MUB is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIGB vs. MUB - Performance Comparison
In the year-to-date period, FIGB achieves a 2.28% return, which is significantly higher than MUB's 1.61% 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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FIGB vs. MUB - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
FIGB vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) 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
FIGB vs. MUB - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.16%, more than MUB's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.16% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
FIGB vs. MUB - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FIGB and MUB. For additional features, visit the drawdowns tool.
Volatility
FIGB vs. MUB - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.73%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.96%. This indicates that FIGB experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.