MDXBX vs. SUB
Compare and contrast key facts about T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and iShares Short-Term National Muni Bond ETF (SUB).
MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDXBX or SUB.
Correlation
The correlation between MDXBX and SUB is 0.29, 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
MDXBX vs. SUB - Performance Comparison
Key characteristics
MDXBX:
1.04
SUB:
2.21
MDXBX:
1.43
SUB:
3.31
MDXBX:
1.22
SUB:
1.45
MDXBX:
0.71
SUB:
3.44
MDXBX:
3.48
SUB:
10.55
MDXBX:
1.05%
SUB:
0.30%
MDXBX:
3.52%
SUB:
1.44%
MDXBX:
-14.37%
SUB:
-9.46%
MDXBX:
-1.48%
SUB:
-0.06%
Returns By Period
In the year-to-date period, MDXBX achieves a 0.19% return, which is significantly lower than SUB's 0.55% return. Over the past 10 years, MDXBX has outperformed SUB with an annualized return of 2.22%, while SUB has yielded a comparatively lower 1.21% annualized return.
MDXBX
0.19%
0.79%
0.69%
3.46%
0.89%
2.22%
SUB
0.55%
0.53%
1.33%
3.06%
1.11%
1.21%
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MDXBX vs. SUB - Expense Ratio Comparison
MDXBX has a 0.49% expense ratio, which is higher than SUB's 0.07% expense ratio.
Risk-Adjusted Performance
MDXBX vs. SUB — Risk-Adjusted Performance Rank
MDXBX
SUB
MDXBX vs. SUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and iShares Short-Term National Muni Bond ETF (SUB). 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
MDXBX vs. SUB - Dividend Comparison
MDXBX's dividend yield for the trailing twelve months is around 3.30%, more than SUB's 2.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 3.30% | 3.27% | 3.06% | 2.80% | 2.30% | 2.65% | 2.82% | 3.11% | 3.25% | 3.44% | 3.58% | 3.67% |
SUB iShares Short-Term National Muni Bond ETF | 2.11% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% |
Drawdowns
MDXBX vs. SUB - Drawdown Comparison
The maximum MDXBX drawdown since its inception was -14.37%, which is greater than SUB's maximum drawdown of -9.46%. Use the drawdown chart below to compare losses from any high point for MDXBX and SUB. For additional features, visit the drawdowns tool.
Volatility
MDXBX vs. SUB - Volatility Comparison
T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) has a higher volatility of 1.14% compared to iShares Short-Term National Muni Bond ETF (SUB) at 0.34%. This indicates that MDXBX's price experiences larger fluctuations and is considered to be riskier than SUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.