Correlation
The correlation between IBMP and FTABX 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.
IBMP vs. FTABX
Compare and contrast key facts about iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and Fidelity Tax-Free Bond Fund (FTABX).
IBMP is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Callable Factor Adjusted 2027 Series Index. It was launched on Apr 9, 2019. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBMP or FTABX.
Performance
IBMP vs. FTABX - Performance Comparison
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Key characteristics
IBMP:
1.88
FTABX:
0.40
IBMP:
2.44
FTABX:
0.47
IBMP:
1.35
FTABX:
1.08
IBMP:
0.78
FTABX:
0.31
IBMP:
11.25
FTABX:
1.01
IBMP:
0.35%
FTABX:
1.79%
IBMP:
2.26%
FTABX:
5.39%
IBMP:
-15.24%
FTABX:
-15.53%
IBMP:
-1.02%
FTABX:
-3.50%
Returns By Period
In the year-to-date period, IBMP achieves a 1.32% return, which is significantly higher than FTABX's -1.45% return.
IBMP
1.32%
0.51%
0.96%
4.22%
2.02%
0.46%
N/A
FTABX
-1.45%
-0.47%
-2.54%
2.16%
1.96%
1.14%
2.40%
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IBMP vs. FTABX - Expense Ratio Comparison
IBMP has a 0.18% expense ratio, which is lower than FTABX's 0.25% expense ratio. Despite the difference, 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
IBMP vs. FTABX — Risk-Adjusted Performance Rank
IBMP
FTABX
IBMP vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and Fidelity Tax-Free Bond Fund (FTABX). 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
IBMP vs. FTABX - Dividend Comparison
IBMP's dividend yield for the trailing twelve months is around 2.40%, less than FTABX's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF | 2.40% | 2.35% | 2.05% | 1.26% | 0.86% | 1.16% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 3.15% | 3.03% | 2.90% | 2.87% | 2.67% | 2.86% | 2.94% | 3.22% | 3.49% | 3.92% | 3.58% | 3.62% |
Drawdowns
IBMP vs. FTABX - Drawdown Comparison
The maximum IBMP drawdown since its inception was -15.24%, roughly equal to the maximum FTABX drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for IBMP and FTABX.
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Volatility
IBMP vs. FTABX - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) is 0.28%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 0.68%. This indicates that IBMP experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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