Correlation
The correlation between MNBD and FTABX is 0.12, 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.
MNBD vs. FTABX
Compare and contrast key facts about ALPS Intermediate Municipal Bond ETF (MNBD) and Fidelity Tax-Free Bond Fund (FTABX).
MNBD is an actively managed fund by ALPS. It was launched on May 19, 2022. 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: MNBD or FTABX.
Performance
MNBD vs. FTABX - Performance Comparison
Loading data...
Key characteristics
MNBD:
0.94
FTABX:
0.40
MNBD:
1.15
FTABX:
0.47
MNBD:
1.17
FTABX:
1.08
MNBD:
1.07
FTABX:
0.31
MNBD:
3.26
FTABX:
1.01
MNBD:
1.05%
FTABX:
1.79%
MNBD:
3.93%
FTABX:
5.39%
MNBD:
-5.89%
FTABX:
-15.53%
MNBD:
-1.34%
FTABX:
-3.50%
Returns By Period
In the year-to-date period, MNBD achieves a 0.32% return, which is significantly higher than FTABX's -1.45% return.
MNBD
0.32%
0.24%
-0.60%
3.65%
3.05%
N/A
N/A
FTABX
-1.45%
-0.47%
-2.54%
2.16%
1.96%
1.14%
2.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MNBD vs. FTABX - Expense Ratio Comparison
MNBD has a 0.50% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
MNBD vs. FTABX — Risk-Adjusted Performance Rank
MNBD
FTABX
MNBD vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS Intermediate Municipal Bond ETF (MNBD) 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.
Loading data...
Dividends
MNBD vs. FTABX - Dividend Comparison
MNBD's dividend yield for the trailing twelve months is around 3.84%, more than FTABX's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNBD ALPS Intermediate Municipal Bond ETF | 3.84% | 3.83% | 3.44% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 3.15% | 3.03% | 2.90% | 2.87% | 2.67% | 2.86% | 2.94% | 3.22% | 3.49% | 3.92% | 3.58% | 3.62% |
Drawdowns
MNBD vs. FTABX - Drawdown Comparison
The maximum MNBD drawdown since its inception was -5.89%, smaller than the maximum FTABX drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for MNBD and FTABX.
Loading data...
Volatility
MNBD vs. FTABX - Volatility Comparison
ALPS Intermediate Municipal Bond ETF (MNBD) has a higher volatility of 0.97% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.68%. This indicates that MNBD'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.
Loading data...