FTABX vs. VTEB
Compare and contrast key facts about Fidelity Tax-Free Bond Fund (FTABX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FTABX is managed by Fidelity. It was launched on Apr 10, 2001. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTABX or VTEB.
Key characteristics
| FTABX | VTEB | |
|---|---|---|
| YTD Return | 2.06% | 1.20% |
| 1Y Return | 8.28% | 6.89% |
| 3Y Return (Ann) | -0.47% | -0.25% |
| 5Y Return (Ann) | 1.25% | 1.17% |
| Sharpe Ratio | 1.99 | 1.73 |
| Sortino Ratio | 2.95 | 2.57 |
| Omega Ratio | 1.46 | 1.34 |
| Calmar Ratio | 0.82 | 0.87 |
| Martin Ratio | 8.12 | 7.60 |
| Ulcer Index | 0.88% | 0.90% |
| Daily Std Dev | 3.63% | 3.97% |
| Max Drawdown | -15.78% | -17.00% |
| Current Drawdown | -2.33% | -1.60% |
Correlation
The correlation between FTABX and VTEB is 0.66, 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. VTEB - Performance Comparison
In the year-to-date period, FTABX achieves a 2.06% return, which is significantly higher than VTEB's 1.20% 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. VTEB - Expense Ratio Comparison
FTABX has a 0.25% expense ratio, which is higher than VTEB's 0.05% 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%.
Risk-Adjusted Performance
FTABX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tax-Free Bond Fund (FTABX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
FTABX's dividend yield for the trailing twelve months is around 3.00%, less than VTEB's 3.11% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.11% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
FTABX vs. VTEB - Drawdown Comparison
The maximum FTABX drawdown since its inception was -15.78%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FTABX and VTEB. For additional features, visit the drawdowns tool.
Volatility
FTABX vs. VTEB - Volatility Comparison
The current volatility for Fidelity Tax-Free Bond Fund (FTABX) is 1.84%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.98%. This indicates that FTABX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.