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.
Correlation
The correlation between IBMM and FXAIX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IBMM vs. FXAIX - Performance Comparison
Key characteristics
Returns By Period
IBMM
N/A
N/A
N/A
N/A
N/A
N/A
FXAIX
4.11%
2.06%
10.80%
23.78%
14.47%
13.15%
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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 Rank
IBMM
FXAIX
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 has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
IBMM vs. FXAIX - Drawdown Comparison
Volatility
IBMM vs. FXAIX - Volatility Comparison
The current volatility for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) is 0.00%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.21%. 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.