FTABX vs. HYGH
Compare and contrast key facts about Fidelity Tax-Free Bond Fund (FTABX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
FTABX is managed by Fidelity. It was launched on Apr 10, 2001. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTABX or HYGH.
Key characteristics
| FTABX | HYGH | |
|---|---|---|
| YTD Return | 2.06% | 10.65% |
| 1Y Return | 8.28% | 13.69% |
| 3Y Return (Ann) | -0.47% | 7.53% |
| 5Y Return (Ann) | 1.28% | 6.01% |
| 10Y Return (Ann) | 2.45% | 4.89% |
| Sharpe Ratio | 2.07 | 3.03 |
| Sortino Ratio | 3.07 | 4.20 |
| Omega Ratio | 1.48 | 1.68 |
| Calmar Ratio | 0.84 | 3.76 |
| Martin Ratio | 8.52 | 30.20 |
| Ulcer Index | 0.88% | 0.47% |
| Daily Std Dev | 3.64% | 4.64% |
| Max Drawdown | -15.78% | -23.88% |
| Current Drawdown | -2.33% | -0.07% |
Correlation
The correlation between FTABX and HYGH 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. HYGH - Performance Comparison
In the year-to-date period, FTABX achieves a 2.06% return, which is significantly lower than HYGH's 10.65% return. Over the past 10 years, FTABX has underperformed HYGH with an annualized return of 2.45%, while HYGH has yielded a comparatively higher 4.89% 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. HYGH - Expense Ratio Comparison
FTABX has a 0.25% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
FTABX vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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. HYGH - Dividend Comparison
FTABX's dividend yield for the trailing twelve months is around 3.00%, less than HYGH's 8.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.16% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.59% | 5.74% | 3.62% | 0.00% |
Drawdowns
FTABX vs. HYGH - Drawdown Comparison
The maximum FTABX drawdown since its inception was -15.78%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for FTABX and HYGH. For additional features, visit the drawdowns tool.
Volatility
FTABX vs. HYGH - Volatility Comparison
Fidelity Tax-Free Bond Fund (FTABX) has a higher volatility of 1.84% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.07%. This indicates that FTABX's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.