FVATX vs. FTABX
Compare and contrast key facts about Nuveen Virginia Municipal Bond Fund (FVATX) and Fidelity Tax-Free Bond Fund (FTABX).
FVATX is managed by Nuveen. It was launched on Mar 26, 1986. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Performance
FVATX vs. FTABX - Performance Comparison
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FVATX vs. FTABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVATX Nuveen Virginia Municipal Bond Fund | -0.77% | 3.33% | 2.33% | 8.28% | -10.78% | 1.44% | 4.93% | 7.87% | 0.25% | 5.64% |
FTABX Fidelity Tax-Free Bond Fund | -0.77% | 5.60% | 1.54% | 7.51% | -10.74% | 2.20% | 4.80% | 8.58% | 0.67% | 6.45% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FVATX at -0.77% and FTABX at -0.77%. Over the past 10 years, FVATX has underperformed FTABX with an annualized return of 1.98%, while FTABX has yielded a comparatively higher 2.29% annualized return.
FVATX
- 1D
- 0.10%
- 1M
- -2.71%
- YTD
- -0.77%
- 6M
- 0.95%
- 1Y
- 3.09%
- 3Y*
- 3.36%
- 5Y*
- 0.73%
- 10Y*
- 1.98%
FTABX
- 1D
- 0.18%
- 1M
- -2.93%
- YTD
- -0.77%
- 6M
- 0.87%
- 1Y
- 4.33%
- 3Y*
- 3.49%
- 5Y*
- 0.93%
- 10Y*
- 2.29%
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FVATX vs. FTABX - Expense Ratio Comparison
FVATX has a 0.76% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Return for Risk
FVATX vs. FTABX — Risk / Return Rank
FVATX
FTABX
FVATX vs. FTABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Virginia Municipal Bond Fund (FVATX) and Fidelity Tax-Free Bond Fund (FTABX). 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.
| FVATX | FTABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 1.08 | -0.42 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.46 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.16 | -0.56 |
Martin ratioReturn relative to average drawdown | 1.70 | 4.03 | -2.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FVATX | FTABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.08 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.23 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.54 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.04 | +0.07 |
Correlation
The correlation between FVATX and FTABX is 0.81, 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.
Dividends
FVATX vs. FTABX - Dividend Comparison
FVATX's dividend yield for the trailing twelve months is around 3.64%, more than FTABX's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVATX Nuveen Virginia Municipal Bond Fund | 3.64% | 4.11% | 3.66% | 4.29% | 2.71% | 2.04% | 2.42% | 2.95% | 2.98% | 2.92% | 3.02% | 3.37% |
FTABX Fidelity Tax-Free Bond Fund | 3.21% | 4.18% | 2.81% | 2.90% | 2.16% | 2.27% | 2.64% | 2.94% | 3.01% | 3.49% | 4.22% | 3.29% |
Drawdowns
FVATX vs. FTABX - Drawdown Comparison
The maximum FVATX drawdown since its inception was -19.13%, which is greater than FTABX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for FVATX and FTABX.
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Drawdown Indicators
| FVATX | FTABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.13% | -16.14% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -4.74% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.14% | -16.14% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -16.14% | -16.14% | 0.00% |
Current DrawdownCurrent decline from peak | -2.71% | -2.93% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -2.13% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.36% | +0.63% |
Volatility
FVATX vs. FTABX - Volatility Comparison
Nuveen Virginia Municipal Bond Fund (FVATX) and Fidelity Tax-Free Bond Fund (FTABX) have volatilities of 1.07% and 1.10%, 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.
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Volatility by Period
| FVATX | FTABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.10% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 1.77% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 4.84% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 4.12% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 4.27% | -0.02% |