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.
Performance
GTFBX vs. FBND - Performance Comparison
Loading graphics...
GTFBX vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 0.06% | 6.52% | 2.48% | 8.40% | -11.12% | 2.56% | 4.77% | 6.87% | 0.55% | 4.73% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, GTFBX achieves a 0.06% return, which is significantly lower than FBND's 0.12% return. Over the past 10 years, GTFBX has underperformed FBND with an annualized return of 2.27%, while FBND has yielded a comparatively higher 2.78% annualized return.
GTFBX
- 1D
- 0.37%
- 1M
- -2.27%
- YTD
- 0.06%
- 6M
- 2.76%
- 1Y
- 7.00%
- 3Y*
- 4.58%
- 5Y*
- 1.54%
- 10Y*
- 2.27%
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GTFBX vs. FBND - Expense Ratio Comparison
GTFBX has a 0.56% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
GTFBX vs. FBND — Risk / Return Rank
GTFBX
FBND
GTFBX vs. FBND - Risk-Adjusted Trends 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.
| GTFBX | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.03 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.44 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.69 | -0.12 |
Martin ratioReturn relative to average drawdown | 5.83 | 5.25 | +0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GTFBX | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.03 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.17 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.44 | +0.61 |
Correlation
The correlation between GTFBX and FBND is 0.45, 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.
Dividends
GTFBX vs. FBND - Dividend Comparison
GTFBX's dividend yield for the trailing twelve months is around 6.54%, more than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 6.54% | 6.11% | 3.28% | 3.47% | 2.05% | 2.10% | 2.34% | 2.61% | 2.91% | 2.94% | 3.01% | 3.22% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
GTFBX vs. FBND - Drawdown Comparison
The maximum GTFBX drawdown since its inception was -15.79%, 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.
Loading graphics...
Drawdown Indicators
| GTFBX | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.79% | -17.25% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.79% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -17.25% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -15.79% | -17.25% | +1.46% |
Current DrawdownCurrent decline from peak | -2.53% | -1.80% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -3.38% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.90% | +0.49% |
Volatility
GTFBX vs. FBND - Volatility Comparison
The current volatility for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) is 1.35%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.66%. 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.
Loading graphics...
Volatility by Period
| GTFBX | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.66% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.62% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 4.44% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 5.90% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 6.08% | -1.92% |