FTABX vs. FTBFX
Compare and contrast key facts about Fidelity Tax-Free Bond Fund (FTABX) and Fidelity Total Bond Fund (FTBFX).
FTABX is managed by Fidelity. It was launched on Apr 10, 2001. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTABX or FTBFX.
Key characteristics
| FTABX | FTBFX | |
|---|---|---|
| YTD Return | 1.32% | 3.78% |
| 1Y Return | 7.60% | 9.56% |
| 3Y Return (Ann) | -0.68% | -1.27% |
| 5Y Return (Ann) | 1.15% | 0.77% |
| 10Y Return (Ann) | 2.37% | 2.07% |
| Sharpe Ratio | 2.08 | 1.81 |
| Sortino Ratio | 3.08 | 2.74 |
| Omega Ratio | 1.49 | 1.34 |
| Calmar Ratio | 0.81 | 0.78 |
| Martin Ratio | 8.66 | 7.50 |
| Ulcer Index | 0.87% | 1.37% |
| Daily Std Dev | 3.60% | 5.72% |
| Max Drawdown | -15.78% | -18.19% |
| Current Drawdown | -3.04% | -4.97% |
Correlation
The correlation between FTABX and FTBFX is 0.58, 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
FTABX vs. FTBFX - Performance Comparison
In the year-to-date period, FTABX achieves a 1.32% return, which is significantly lower than FTBFX's 3.78% return. Over the past 10 years, FTABX has outperformed FTBFX with an annualized return of 2.37%, while FTBFX has yielded a comparatively lower 2.07% 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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FTABX vs. FTBFX - Expense Ratio Comparison
FTABX has a 0.25% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
FTABX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and Fidelity Total Bond Fund (FTBFX). 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
FTABX vs. FTBFX - Dividend Comparison
FTABX's dividend yield for the trailing twelve months is around 3.03%, less than FTBFX's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTABX Fidelity Tax-Free Bond Fund | 3.03% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% | 3.86% |
FTBFX Fidelity Total Bond Fund | 4.59% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
FTABX vs. FTBFX - Drawdown Comparison
The maximum FTABX drawdown since its inception was -15.78%, smaller than the maximum FTBFX drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for FTABX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
FTABX vs. FTBFX - Volatility Comparison
Fidelity Tax-Free Bond Fund (FTABX) has a higher volatility of 1.68% compared to Fidelity Total Bond Fund (FTBFX) at 1.54%. This indicates that FTABX's price experiences larger fluctuations and is considered to be riskier than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.