MDXBX vs. USFR
Compare and contrast key facts about T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
MDXBX is managed by T. Rowe Price. It was launched on Mar 30, 1987. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MDXBX or USFR.
Correlation
The correlation between MDXBX and USFR is 0.02, 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. USFR - Performance Comparison
Key characteristics
MDXBX:
0.27
USFR:
15.70
MDXBX:
0.38
USFR:
51.49
MDXBX:
1.07
USFR:
13.07
MDXBX:
0.25
USFR:
82.36
MDXBX:
0.95
USFR:
696.34
MDXBX:
1.56%
USFR:
0.01%
MDXBX:
5.63%
USFR:
0.31%
MDXBX:
-14.37%
USFR:
-1.36%
MDXBX:
-3.90%
USFR:
0.00%
Returns By Period
In the year-to-date period, MDXBX achieves a -2.28% return, which is significantly lower than USFR's 1.33% return. Over the past 10 years, MDXBX has underperformed USFR with an annualized return of 1.96%, while USFR has yielded a comparatively higher 2.45% annualized return.
MDXBX
-2.28%
-0.84%
-1.74%
1.80%
1.42%
1.96%
USFR
1.33%
0.31%
2.32%
4.82%
2.79%
2.45%
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MDXBX vs. USFR - Expense Ratio Comparison
MDXBX has a 0.49% expense ratio, which is higher than USFR's 0.15% expense ratio.
Risk-Adjusted Performance
MDXBX vs. USFR — Risk-Adjusted Performance Rank
MDXBX
USFR
MDXBX vs. USFR - 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 WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
MDXBX's dividend yield for the trailing twelve months is around 3.40%, less than USFR's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXBX T. Rowe Price Maryland Tax Free Bond Fund | 3.40% | 3.28% | 3.06% | 2.80% | 2.30% | 2.65% | 2.82% | 3.11% | 3.25% | 3.44% | 3.58% | 3.67% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.77% | 5.17% | 5.12% | 1.78% | 0.02% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% |
Drawdowns
MDXBX vs. USFR - Drawdown Comparison
The maximum MDXBX drawdown since its inception was -14.37%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for MDXBX and USFR. For additional features, visit the drawdowns tool.
Volatility
MDXBX vs. USFR - Volatility Comparison
T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) has a higher volatility of 4.48% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that MDXBX's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.