IBMO vs. FNF

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and Fidelity National Financial, Inc. (FNF).

IBMO is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. It was launched on Apr 2, 2019.

Performance

IBMO vs. FNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and Fidelity National Financial, Inc. (FNF). The values are adjusted to include any dividend payments, if applicable.

IBMO vs. FNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	0.37%	3.11%	1.97%	2.90%	-5.36%	-0.16%	5.48%	4.69%
FNF Fidelity National Financial, Inc.	-14.11%	4.35%	14.02%	42.18%	-21.64%	38.04%	-10.34%	22.03%

Returns By Period

In the year-to-date period, IBMO achieves a 0.37% return, which is significantly higher than FNF's -14.11% return.

IBMO

• 1D: -0.12%
• 1M: -0.10%
• YTD: 0.37%
• 6M: 1.09%
• 1Y: 2.69%
• 3Y*: 2.26%
• 5Y*: 0.67%
• 10Y*: —

FNF

• 1D: 1.49%
• 1M: -11.33%
• YTD: -14.11%
• 6M: -18.88%
• 1Y: -23.28%
• 3Y*: 15.58%
• 5Y*: 8.09%
• 10Y*: 11.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IBMO vs. FNF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBMO

IBMO Risk / Return Rank: 91
IBMO Sharpe Ratio Rank: 90
IBMO Sortino Ratio Rank: 92
IBMO Omega Ratio Rank: 93
IBMO Calmar Ratio Rank: 87
IBMO Martin Ratio Rank: 93

FNF

FNF Risk / Return Rank: 11
FNF Sharpe Ratio Rank: 9
FNF Sortino Ratio Rank: 12
FNF Omega Ratio Rank: 12
FNF Calmar Ratio Rank: 15
FNF Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBMO vs. FNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and Fidelity National Financial, Inc. (FNF). 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.

	IBMO	FNF	Difference
Sharpe ratio Return per unit of total volatility	1.96	-0.82	+2.78
Sortino ratio Return per unit of downside risk	2.77	-1.00	+3.78
Omega ratio Gain probability vs. loss probability	1.42	0.87	+0.55
Calmar ratio Return relative to maximum drawdown	2.74	-0.76	+3.50
Martin ratio Return relative to average drawdown	13.91	-1.61	+15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBMO vs. FNF - Sharpe Ratio Comparison

The current IBMO Sharpe Ratio is 1.96, which is higher than the FNF Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of IBMO and FNF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBMO	FNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	-0.82	+2.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.31	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.26	+0.14

Correlation

The correlation between IBMO and FNF is 0.07, 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.

Dividends

IBMO vs. FNF - Dividend Comparison

IBMO's dividend yield for the trailing twelve months is around 2.37%, less than FNF's 4.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	2.37%	2.37%	2.15%	1.65%	0.89%	0.62%	1.03%	1.01%	0.00%	0.00%	0.00%	0.00%
FNF Fidelity National Financial, Inc.	4.32%	3.60%	3.46%	3.59%	4.57%	2.99%	3.45%	2.78%	3.82%	37.01%	2.59%	2.31%

Drawdowns

IBMO vs. FNF - Drawdown Comparison

The maximum IBMO drawdown since its inception was -14.77%, smaller than the maximum FNF drawdown of -72.49%. Use the drawdown chart below to compare losses from any high point for IBMO and FNF.

Drawdown Indicators

	IBMO	FNF	Difference
Max Drawdown Largest peak-to-trough decline	-14.77%	-72.49%	+57.72%
Max Drawdown (1Y) Largest decline over 1 year	-0.96%	-30.06%	+29.10%
Max Drawdown (5Y) Largest decline over 5 years	-8.86%	-36.69%	+27.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.21%	—
Current Drawdown Current decline from peak	-0.16%	-25.02%	+24.86%
Average Drawdown Average peak-to-trough decline	-2.38%	-17.09%	+14.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	14.16%	-13.97%

Volatility

IBMO vs. FNF - Volatility Comparison

The current volatility for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) is 0.38%, while Fidelity National Financial, Inc. (FNF) has a volatility of 10.26%. This indicates that IBMO experiences smaller price fluctuations and is considered to be less risky than FNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBMO	FNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	10.26%	-9.88%
Volatility (6M) Calculated over the trailing 6-month period	0.94%	19.53%	-18.59%
Volatility (1Y) Calculated over the trailing 1-year period	1.38%	28.52%	-27.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.18%	25.91%	-23.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	28.05%	-23.48%