FTABX vs. IBTF

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Tax-Free Bond Fund (FTABX) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF).

FTABX is managed by Fidelity. It was launched on Apr 10, 2001. IBTF is a passively managed fund by iShares that tracks the performance of the ICE 2025 Maturity US Treasury Index. It was launched on Feb 25, 2020.

Performance

FTABX vs. IBTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Tax-Free Bond Fund (FTABX) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). The values are adjusted to include any dividend payments, if applicable.

FTABX vs. IBTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTABX Fidelity Tax-Free Bond Fund	-0.50%	5.60%	1.54%	7.51%	-10.74%	2.20%	1.04%
IBTF iShares iBonds Dec 2025 Term Treasury ETF	0.00%	3.81%	4.60%	4.12%	-6.39%	-2.31%	3.60%

Returns By Period

FTABX

• 1D: 0.27%
• 1M: -2.32%
• YTD: -0.50%
• 6M: 1.06%
• 1Y: 4.23%
• 3Y*: 3.59%
• 5Y*: 0.97%
• 10Y*: 2.32%

IBTF

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.73%
• 1Y: 2.82%
• 3Y*: 3.59%
• 5Y*: 1.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTABX vs. IBTF - Expense Ratio Comparison

FTABX has a 0.25% expense ratio, which is higher than IBTF's 0.07% 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

IBTF

iShares iBonds Dec 2025 Term Treasury ETF

Return for Risk

FTABX vs. IBTF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTABX

FTABX Risk / Return Rank: 48
FTABX Sharpe Ratio Rank: 48
FTABX Sortino Ratio Rank: 40
FTABX Omega Ratio Rank: 69
FTABX Calmar Ratio Rank: 44
FTABX Martin Ratio Rank: 37

IBTF

IBTF Risk / Return Rank: 99
IBTF Sharpe Ratio Rank: 99
IBTF Sortino Ratio Rank: 99
IBTF Omega Ratio Rank: 99
IBTF Calmar Ratio Rank: 100
IBTF Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTABX vs. IBTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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	IBTF	Difference
Sharpe ratio Return per unit of total volatility	0.97	7.30	-6.32
Sortino ratio Return per unit of downside risk	1.31	16.95	-15.64
Omega ratio Gain probability vs. loss probability	1.27	4.26	-2.99
Calmar ratio Return relative to maximum drawdown	1.15	83.22	-82.07
Martin ratio Return relative to average drawdown	4.00	246.06	-242.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTABX vs. IBTF - Sharpe Ratio Comparison

The current FTABX Sharpe Ratio is 0.97, which is lower than the IBTF Sharpe Ratio of 7.30. The chart below compares the historical Sharpe Ratios of FTABX and IBTF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTABX	IBTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	7.30	-6.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.43	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.45	+0.59

Correlation

The correlation between FTABX and IBTF is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FTABX vs. IBTF - Dividend Comparison

FTABX's dividend yield for the trailing twelve months is around 3.20%, more than IBTF's 2.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTABX Fidelity Tax-Free Bond Fund	3.20%	4.18%	2.81%	2.90%	2.16%	2.27%	2.64%	2.94%	3.01%	3.49%	4.22%	3.29%
IBTF iShares iBonds Dec 2025 Term Treasury ETF	2.78%	3.83%	4.32%	4.03%	1.93%	0.57%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FTABX vs. IBTF - Drawdown Comparison

The maximum FTABX drawdown since its inception was -16.14%, which is greater than IBTF's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for FTABX and IBTF.

Drawdown Indicators

	FTABX	IBTF	Difference
Max Drawdown Largest peak-to-trough decline	-16.14%	-10.45%	-5.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.74%	-0.04%	-4.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-9.53%	-6.61%
Max Drawdown (10Y) Largest decline over 10 years	-16.14%	—	—
Current Drawdown Current decline from peak	-2.66%	0.00%	-2.66%
Average Drawdown Average peak-to-trough decline	-2.13%	-3.42%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	0.01%	+1.36%

Volatility

FTABX vs. IBTF - Volatility Comparison

Fidelity Tax-Free Bond Fund (FTABX) has a higher volatility of 1.15% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that FTABX's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTABX	IBTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	0.00%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	1.79%	0.25%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	4.84%	0.46%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.12%	2.39%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.27%	2.59%	+1.68%