IBMM vs. FXAIX
Compare and contrast key facts about iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and Fidelity 500 Index Fund (FXAIX).
IBMM is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Dec 2024 Index. It was launched on Mar 20, 2018. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBMM or FXAIX.
Key characteristics
| IBMM | FXAIX | |
|---|---|---|
| YTD Return | 0.81% | 10.55% |
| 1Y Return | 2.95% | 28.81% |
| 3Y Return (Ann) | 0.10% | 9.63% |
| 5Y Return (Ann) | 1.31% | 14.68% |
| Sharpe Ratio | 3.18 | 2.52 |
| Daily Std Dev | 0.97% | 11.57% |
| Max Drawdown | -11.44% | -33.79% |
| Current Drawdown | -0.29% | 0.00% |
Correlation
The correlation between IBMM and FXAIX is -0.03. 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.
Performance
IBMM vs. FXAIX - Performance Comparison
In the year-to-date period, IBMM achieves a 0.81% return, which is significantly lower than FXAIX's 10.55% 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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IBMM vs. FXAIX - Expense Ratio Comparison
IBMM has a 0.18% expense ratio, which is higher than FXAIX's 0.02% 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
IBMM vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and Fidelity 500 Index Fund (FXAIX). 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
IBMM vs. FXAIX - Dividend Comparison
IBMM's dividend yield for the trailing twelve months is around 1.79%, more than FXAIX's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF | 1.79% | 1.72% | 1.12% | 0.86% | 1.24% | 1.71% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.32% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
IBMM vs. FXAIX - Drawdown Comparison
The maximum IBMM drawdown since its inception was -11.44%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for IBMM and FXAIX. For additional features, visit the drawdowns tool.
Volatility
IBMM vs. FXAIX - Volatility Comparison
The current volatility for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) is 0.16%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.36%. This indicates that IBMM experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.