JMUB vs. FTABX
Compare and contrast key facts about JPMorgan Municipal ETF (JMUB) and Fidelity Tax-Free Bond Fund (FTABX).
JMUB is an actively managed fund by JPMorgan Chase. It was launched on Oct 29, 2018. 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: JMUB or FTABX.
Key characteristics
| JMUB | FTABX | |
|---|---|---|
| YTD Return | 1.87% | 2.06% |
| 1Y Return | 6.28% | 7.56% |
| 3Y Return (Ann) | 0.11% | -0.46% |
| 5Y Return (Ann) | 1.44% | 1.23% |
| Sharpe Ratio | 2.22 | 1.96 |
| Sortino Ratio | 3.25 | 2.91 |
| Omega Ratio | 1.46 | 1.46 |
| Calmar Ratio | 1.09 | 0.82 |
| Martin Ratio | 11.22 | 7.96 |
| Ulcer Index | 0.63% | 0.89% |
| Daily Std Dev | 3.17% | 3.63% |
| Max Drawdown | -12.50% | -15.78% |
| Current Drawdown | -1.31% | -2.33% |
Correlation
The correlation between JMUB and FTABX is 0.68, 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.
Performance
JMUB vs. FTABX - Performance Comparison
In the year-to-date period, JMUB achieves a 1.87% return, which is significantly lower than FTABX's 2.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JMUB vs. FTABX - Expense Ratio Comparison
JMUB 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
JMUB vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) 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
JMUB vs. FTABX - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.46%, more than FTABX's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 3.46% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 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
JMUB vs. FTABX - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for JMUB and FTABX. For additional features, visit the drawdowns tool.
Volatility
JMUB vs. FTABX - Volatility Comparison
The current volatility for JPMorgan Municipal ETF (JMUB) is 1.50%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.84%. This indicates that JMUB 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.