Correlation
The correlation between GTFBX and FBND is -0.04. 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.
GTFBX vs. FBND
Compare and contrast key facts about T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) and Fidelity Total Bond ETF (FBND).
GTFBX is managed by T. Rowe Price. It was launched on Mar 30, 1993. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTFBX or FBND.
Performance
GTFBX vs. FBND - Performance Comparison
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Key characteristics
GTFBX:
0.23
FBND:
1.19
GTFBX:
0.32
FBND:
1.72
GTFBX:
1.05
FBND:
1.21
GTFBX:
0.20
FBND:
0.70
GTFBX:
0.62
FBND:
3.35
GTFBX:
2.01%
FBND:
1.92%
GTFBX:
5.85%
FBND:
5.39%
GTFBX:
-15.22%
FBND:
-17.25%
GTFBX:
-3.89%
FBND:
-3.00%
Returns By Period
In the year-to-date period, GTFBX achieves a -2.14% return, which is significantly lower than FBND's 2.68% return. Over the past 10 years, GTFBX has underperformed FBND with an annualized return of 1.92%, while FBND has yielded a comparatively higher 2.30% annualized return.
GTFBX
-2.14%
-0.75%
-3.54%
1.33%
1.68%
0.78%
1.92%
FBND
2.68%
-0.45%
0.89%
6.37%
2.51%
0.38%
2.30%
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GTFBX vs. FBND - Expense Ratio Comparison
GTFBX has a 0.56% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
GTFBX vs. FBND — Risk-Adjusted Performance Rank
GTFBX
FBND
GTFBX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) and Fidelity Total Bond ETF (FBND). 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.
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Dividends
GTFBX vs. FBND - Dividend Comparison
GTFBX's dividend yield for the trailing twelve months is around 3.10%, less than FBND's 4.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 3.10% | 3.28% | 3.03% | 2.74% | 2.09% | 2.33% | 2.60% | 2.91% | 2.95% | 3.03% | 3.22% | 3.29% |
FBND Fidelity Total Bond ETF | 4.65% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
GTFBX vs. FBND - Drawdown Comparison
The maximum GTFBX drawdown since its inception was -15.22%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for GTFBX and FBND.
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Volatility
GTFBX vs. FBND - Volatility Comparison
The current volatility for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) is 0.76%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.50%. This indicates that GTFBX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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