FKYTX vs. MUB
Compare and contrast key facts about Nuveen Kentucky Municipal Bond Fund (FKYTX) and iShares National AMT-Free Muni Bond ETF (MUB).
FKYTX is managed by Nuveen. It was launched on May 3, 1987. 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: FKYTX or MUB.
Correlation
The correlation between FKYTX and MUB is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FKYTX vs. MUB - Performance Comparison
Key characteristics
FKYTX:
-0.08
MUB:
0.08
FKYTX:
0.02
MUB:
0.19
FKYTX:
1.00
MUB:
1.03
FKYTX:
-0.01
MUB:
0.12
FKYTX:
-0.06
MUB:
0.39
FKYTX:
1.99%
MUB:
1.50%
FKYTX:
6.62%
MUB:
4.76%
FKYTX:
-15.23%
MUB:
-13.68%
FKYTX:
-6.10%
MUB:
-2.76%
Returns By Period
In the year-to-date period, FKYTX achieves a -2.12% return, which is significantly lower than MUB's -1.18% return. Over the past 10 years, FKYTX has underperformed MUB with an annualized return of 1.54%, while MUB has yielded a comparatively higher 1.99% annualized return.
FKYTX
-2.12%
1.69%
-1.25%
-0.53%
0.40%
1.54%
MUB
-1.18%
2.06%
-0.70%
0.38%
0.85%
1.99%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FKYTX vs. MUB - Expense Ratio Comparison
FKYTX has a 0.77% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
FKYTX vs. MUB — Risk-Adjusted Performance Rank
FKYTX
MUB
FKYTX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Kentucky Municipal Bond Fund (FKYTX) 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
FKYTX vs. MUB - Dividend Comparison
FKYTX's dividend yield for the trailing twelve months is around 2.62%, less than MUB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKYTX Nuveen Kentucky Municipal Bond Fund | 2.62% | 2.70% | 2.63% | 2.73% | 2.59% | 2.58% | 2.80% | 3.17% | 3.53% | 3.78% | 3.66% | 3.64% |
MUB iShares National AMT-Free Muni Bond ETF | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
FKYTX vs. MUB - Drawdown Comparison
The maximum FKYTX drawdown since its inception was -15.23%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for FKYTX and MUB. For additional features, visit the drawdowns tool.
Volatility
FKYTX vs. MUB - Volatility Comparison
Nuveen Kentucky Municipal Bond Fund (FKYTX) has a higher volatility of 4.26% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.85%. This indicates that FKYTX'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.