JITIX vs. MUB
Compare and contrast key facts about JPMorgan Intermediate Tax Free Bond Fund (JITIX) and iShares National AMT-Free Muni Bond ETF (MUB).
JITIX is managed by JPMorgan Chase. It was launched on Sep 9, 2001. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JITIX or MUB.
Performance
JITIX vs. MUB - Performance Comparison
Returns By Period
In the year-to-date period, JITIX achieves a 2.52% return, which is significantly higher than MUB's 1.76% return. Over the past 10 years, JITIX has underperformed MUB with an annualized return of 1.67%, while MUB has yielded a comparatively higher 2.20% annualized return.
JITIX
2.52%
0.91%
3.09%
6.08%
0.90%
1.67%
MUB
1.76%
1.16%
3.29%
4.95%
1.20%
2.20%
Key characteristics
| JITIX | MUB | |
|---|---|---|
| Sharpe Ratio | 2.21 | 1.28 |
| Sortino Ratio | 3.28 | 1.84 |
| Omega Ratio | 1.53 | 1.24 |
| Calmar Ratio | 0.77 | 0.84 |
| Martin Ratio | 9.51 | 5.25 |
| Ulcer Index | 0.64% | 0.94% |
| Daily Std Dev | 2.75% | 3.86% |
| Max Drawdown | -13.01% | -13.68% |
| Current Drawdown | -2.31% | -1.02% |
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JITIX vs. MUB - Expense Ratio Comparison
JITIX has a 0.40% expense ratio, which is higher than MUB's 0.07% expense ratio.
Correlation
The correlation between JITIX and MUB is 0.58, 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.
Risk-Adjusted Performance
JITIX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Intermediate Tax Free Bond Fund (JITIX) and iShares National AMT-Free Muni Bond ETF (MUB). 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
JITIX vs. MUB - Dividend Comparison
JITIX's dividend yield for the trailing twelve months is around 3.67%, more than MUB's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JITIX JPMorgan Intermediate Tax Free Bond Fund | 3.67% | 3.28% | 2.80% | 2.35% | 2.15% | 2.45% | 2.58% | 2.50% | 2.51% | 2.87% | 2.88% | 2.93% |
MUB iShares National AMT-Free Muni Bond ETF | 2.94% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
JITIX vs. MUB - Drawdown Comparison
The maximum JITIX drawdown since its inception was -13.01%, roughly equal to the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for JITIX and MUB. For additional features, visit the drawdowns tool.
Volatility
JITIX vs. MUB - Volatility Comparison
The current volatility for JPMorgan Intermediate Tax Free Bond Fund (JITIX) is 1.13%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.78%. This indicates that JITIX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.