FTABX vs. PRFHX
Compare and contrast key facts about Fidelity Tax-Free Bond Fund (FTABX) and T. Rowe Price Tax Free High Yield Fund (PRFHX).
FTABX is managed by Fidelity. It was launched on Apr 10, 2001. PRFHX is managed by T. Rowe Price. It was launched on Feb 28, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTABX or PRFHX.
Correlation
The correlation between FTABX and PRFHX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTABX vs. PRFHX - Performance Comparison
Key characteristics
FTABX:
0.60
PRFHX:
0.92
FTABX:
0.83
PRFHX:
1.27
FTABX:
1.12
PRFHX:
1.19
FTABX:
0.39
PRFHX:
0.52
FTABX:
1.90
PRFHX:
3.17
FTABX:
1.19%
PRFHX:
1.16%
FTABX:
3.78%
PRFHX:
3.99%
FTABX:
-15.78%
PRFHX:
-24.76%
FTABX:
-2.60%
PRFHX:
-2.11%
Returns By Period
In the year-to-date period, FTABX achieves a -0.23% return, which is significantly lower than PRFHX's -0.09% return. Over the past 10 years, FTABX has underperformed PRFHX with an annualized return of 2.17%, while PRFHX has yielded a comparatively higher 2.76% annualized return.
FTABX
-0.23%
-1.63%
-1.80%
1.60%
2.06%
2.17%
PRFHX
-0.09%
-1.87%
-1.80%
3.77%
3.62%
2.76%
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FTABX vs. PRFHX - Expense Ratio Comparison
FTABX has a 0.25% expense ratio, which is lower than PRFHX's 0.63% expense ratio.
Risk-Adjusted Performance
FTABX vs. PRFHX — Risk-Adjusted Performance Rank
FTABX
PRFHX
FTABX vs. PRFHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and T. Rowe Price Tax Free High Yield Fund (PRFHX). 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. PRFHX - Dividend Comparison
FTABX's dividend yield for the trailing twelve months is around 2.80%, less than PRFHX's 3.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTABX Fidelity Tax-Free Bond Fund | 2.80% | 3.03% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% |
PRFHX T. Rowe Price Tax Free High Yield Fund | 3.54% | 3.80% | 3.62% | 3.75% | 2.98% | 3.50% | 3.53% | 3.68% | 3.62% | 3.89% | 4.01% | 4.13% |
Drawdowns
FTABX vs. PRFHX - Drawdown Comparison
The maximum FTABX drawdown since its inception was -15.78%, smaller than the maximum PRFHX drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for FTABX and PRFHX. For additional features, visit the drawdowns tool.
Volatility
FTABX vs. PRFHX - Volatility Comparison
Fidelity Tax-Free Bond Fund (FTABX) and T. Rowe Price Tax Free High Yield Fund (PRFHX) have volatilities of 1.22% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.