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ITM vs. FTABX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ITM and FTABX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

ITM vs. FTABX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Intermediate Muni ETF (ITM) and Fidelity Tax-Free Bond Fund (FTABX). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.14%
0.71%
ITM
FTABX

Key characteristics

Sharpe Ratio

ITM:

0.15

FTABX:

0.35

Sortino Ratio

ITM:

0.23

FTABX:

0.49

Omega Ratio

ITM:

1.03

FTABX:

1.07

Calmar Ratio

ITM:

0.08

FTABX:

0.21

Martin Ratio

ITM:

0.48

FTABX:

1.26

Ulcer Index

ITM:

1.23%

FTABX:

0.97%

Daily Std Dev

ITM:

3.96%

FTABX:

3.53%

Max Drawdown

ITM:

-24.75%

FTABX:

-15.78%

Current Drawdown

ITM:

-5.00%

FTABX:

-3.13%

Returns By Period

In the year-to-date period, ITM achieves a 0.18% return, which is significantly lower than FTABX's 1.23% return. Over the past 10 years, ITM has underperformed FTABX with an annualized return of 2.01%, while FTABX has yielded a comparatively higher 2.30% annualized return.


ITM

YTD

0.18%

1M

-0.28%

6M

1.23%

1Y

0.52%

5Y*

0.37%

10Y*

2.01%

FTABX

YTD

1.23%

1M

-1.09%

6M

0.71%

1Y

1.50%

5Y*

0.97%

10Y*

2.30%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ITM vs. FTABX - Expense Ratio Comparison

ITM has a 0.24% 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%.


FTABX
Fidelity Tax-Free Bond Fund
Expense ratio chart for FTABX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for ITM: current value at 0.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.24%

Risk-Adjusted Performance

ITM vs. FTABX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) 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.


Sharpe ratio
The chart of Sharpe ratio for ITM, currently valued at 0.06, compared to the broader market0.002.004.000.060.35
The chart of Sortino ratio for ITM, currently valued at 0.11, compared to the broader market-2.000.002.004.006.008.0010.000.110.49
The chart of Omega ratio for ITM, currently valued at 1.01, compared to the broader market0.501.001.502.002.503.001.011.07
The chart of Calmar ratio for ITM, currently valued at 0.03, compared to the broader market0.005.0010.0015.000.030.21
The chart of Martin ratio for ITM, currently valued at 0.20, compared to the broader market0.0020.0040.0060.0080.00100.000.201.26
ITM
FTABX

The current ITM Sharpe Ratio is 0.15, which is lower than the FTABX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of ITM and FTABX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.06
0.35
ITM
FTABX

Dividends

ITM vs. FTABX - Dividend Comparison

ITM's dividend yield for the trailing twelve months is around 2.71%, less than FTABX's 2.78% yield.


TTM20232022202120202019201820172016201520142013
ITM
VanEck Intermediate Muni ETF
2.71%2.39%1.92%1.70%2.13%2.32%2.34%2.21%2.29%2.27%2.43%2.63%
FTABX
Fidelity Tax-Free Bond Fund
2.78%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%3.86%

Drawdowns

ITM vs. FTABX - Drawdown Comparison

The maximum ITM drawdown since its inception was -24.75%, which is greater than FTABX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for ITM and FTABX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%JulyAugustSeptemberOctoberNovemberDecember
-5.00%
-3.13%
ITM
FTABX

Volatility

ITM vs. FTABX - Volatility Comparison

VanEck Intermediate Muni ETF (ITM) and Fidelity Tax-Free Bond Fund (FTABX) have volatilities of 1.33% and 1.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.33%
1.33%
ITM
FTABX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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