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FTABX vs. FSKAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FTABXFSKAX
YTD Return2.06%26.36%
1Y Return8.28%40.62%
3Y Return (Ann)-0.49%8.73%
5Y Return (Ann)1.30%15.34%
10Y Return (Ann)2.45%12.61%
Sharpe Ratio2.103.08
Sortino Ratio3.114.10
Omega Ratio1.491.57
Calmar Ratio0.834.22
Martin Ratio8.6920.10
Ulcer Index0.87%1.96%
Daily Std Dev3.63%12.80%
Max Drawdown-15.78%-35.01%
Current Drawdown-2.33%0.00%

Correlation

-0.50.00.51.0-0.1

The correlation between FTABX and FSKAX is -0.11. 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

FTABX vs. FSKAX - Performance Comparison

In the year-to-date period, FTABX achieves a 2.06% return, which is significantly lower than FSKAX's 26.36% return. Over the past 10 years, FTABX has underperformed FSKAX with an annualized return of 2.45%, while FSKAX has yielded a comparatively higher 12.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%500.00%JuneJulyAugustSeptemberOctoberNovember
50.33%
497.86%
FTABX
FSKAX

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FTABX vs. FSKAX - Expense Ratio Comparison

FTABX has a 0.25% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


FTABX
Fidelity Tax-Free Bond Fund
Expense ratio chart for FTABX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for FSKAX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FTABX vs. FSKAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and Fidelity Total Market Index Fund (FSKAX). 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.


FTABX
Sharpe ratio
The chart of Sharpe ratio for FTABX, currently valued at 2.10, compared to the broader market0.002.004.002.10
Sortino ratio
The chart of Sortino ratio for FTABX, currently valued at 3.11, compared to the broader market0.005.0010.003.11
Omega ratio
The chart of Omega ratio for FTABX, currently valued at 1.49, compared to the broader market1.002.003.004.001.49
Calmar ratio
The chart of Calmar ratio for FTABX, currently valued at 0.83, compared to the broader market0.005.0010.0015.0020.0025.000.83
Martin ratio
The chart of Martin ratio for FTABX, currently valued at 8.69, compared to the broader market0.0020.0040.0060.0080.00100.008.69
FSKAX
Sharpe ratio
The chart of Sharpe ratio for FSKAX, currently valued at 2.84, compared to the broader market0.002.004.002.84
Sortino ratio
The chart of Sortino ratio for FSKAX, currently valued at 3.78, compared to the broader market0.005.0010.003.78
Omega ratio
The chart of Omega ratio for FSKAX, currently valued at 1.53, compared to the broader market1.002.003.004.001.53
Calmar ratio
The chart of Calmar ratio for FSKAX, currently valued at 4.13, compared to the broader market0.005.0010.0015.0020.0025.004.13
Martin ratio
The chart of Martin ratio for FSKAX, currently valued at 18.13, compared to the broader market0.0020.0040.0060.0080.00100.0018.13

FTABX vs. FSKAX - Sharpe Ratio Comparison

The current FTABX Sharpe Ratio is 2.10, which is lower than the FSKAX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of FTABX and FSKAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.10
2.84
FTABX
FSKAX

Dividends

FTABX vs. FSKAX - Dividend Comparison

FTABX's dividend yield for the trailing twelve months is around 3.00%, more than FSKAX's 1.14% yield.


TTM20232022202120202019201820172016201520142013
FTABX
Fidelity Tax-Free Bond Fund
3.00%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%3.86%
FSKAX
Fidelity Total Market Index Fund
1.14%1.41%1.62%1.15%1.45%1.80%2.06%1.66%1.82%1.96%1.63%1.54%

Drawdowns

FTABX vs. FSKAX - Drawdown Comparison

The maximum FTABX drawdown since its inception was -15.78%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FTABX and FSKAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.33%
0
FTABX
FSKAX

Volatility

FTABX vs. FSKAX - Volatility Comparison

The current volatility for Fidelity Tax-Free Bond Fund (FTABX) is 1.85%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.09%. This indicates that FTABX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
1.85%
4.09%
FTABX
FSKAX