IBTJ vs. FTABX
Compare and contrast key facts about iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and Fidelity Tax-Free Bond Fund (FTABX).
IBTJ is a passively managed fund by iShares that tracks the performance of the ICE 2029 Maturity US Treasury Index. It was launched on Feb 25, 2020. 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: IBTJ or FTABX.
Key characteristics
| IBTJ | FTABX | |
|---|---|---|
| YTD Return | 1.36% | 2.25% |
| 1Y Return | 5.48% | 7.66% |
| 3Y Return (Ann) | -2.36% | -0.38% |
| Sharpe Ratio | 1.04 | 1.96 |
| Sortino Ratio | 1.53 | 2.91 |
| Omega Ratio | 1.19 | 1.46 |
| Calmar Ratio | 0.28 | 0.84 |
| Martin Ratio | 3.17 | 7.91 |
| Ulcer Index | 1.54% | 0.89% |
| Daily Std Dev | 4.69% | 3.58% |
| Max Drawdown | -20.19% | -15.78% |
| Current Drawdown | -12.66% | -2.15% |
Correlation
The correlation between IBTJ and FTABX is 0.40, 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
IBTJ vs. FTABX - Performance Comparison
In the year-to-date period, IBTJ achieves a 1.36% return, which is significantly lower than FTABX's 2.25% 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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IBTJ vs. FTABX - Expense Ratio Comparison
IBTJ has a 0.07% 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
IBTJ vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) 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.
Dividends
IBTJ vs. FTABX - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.92%, more than FTABX's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.92% | 3.48% | 1.85% | 0.74% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 3.00% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% | 3.86% |
Drawdowns
IBTJ vs. FTABX - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, which is greater than FTABX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for IBTJ and FTABX. For additional features, visit the drawdowns tool.
Volatility
IBTJ vs. FTABX - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.96%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.84%. This indicates that IBTJ 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.