ITM vs. FTABX
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and Fidelity Tax-Free Bond Fund (FTABX).
ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. 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: ITM or FTABX.
Correlation
The correlation between ITM and FTABX is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ITM vs. FTABX - Performance Comparison
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Key characteristics
ITM:
0.17
FTABX:
0.11
ITM:
0.21
FTABX:
0.15
ITM:
1.03
FTABX:
1.03
ITM:
0.09
FTABX:
0.08
ITM:
0.47
FTABX:
0.29
ITM:
1.47%
FTABX:
1.69%
ITM:
4.96%
FTABX:
5.37%
ITM:
-24.75%
FTABX:
-15.78%
ITM:
-5.51%
FTABX:
-3.78%
Returns By Period
In the year-to-date period, ITM achieves a -1.08% return, which is significantly higher than FTABX's -1.44% return. Over the past 10 years, ITM has underperformed FTABX with an annualized return of 1.94%, while FTABX has yielded a comparatively higher 2.20% annualized return.
ITM
-1.08%
2.05%
-0.56%
0.85%
0.45%
1.94%
FTABX
-1.44%
1.71%
-1.48%
0.57%
1.37%
2.20%
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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%.
Risk-Adjusted Performance
ITM vs. FTABX — Risk-Adjusted Performance Rank
ITM
FTABX
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.
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Dividends
ITM vs. FTABX - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.84%, less than FTABX's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.84% | 2.73% | 2.40% | 1.92% | 1.70% | 1.99% | 2.20% | 2.33% | 2.21% | 2.29% | 2.28% | 2.42% |
FTABX Fidelity Tax-Free Bond Fund | 3.14% | 3.05% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% |
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.
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Volatility
ITM vs. FTABX - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) has a higher volatility of 1.45% compared to Fidelity Tax-Free Bond Fund (FTABX) at 1.32%. This indicates that ITM's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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