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.
Key characteristics
| MNBD | FTABX | |
|---|---|---|
| YTD Return | 3.12% | 3.04% |
| 1Y Return | 7.90% | 8.75% |
| Sharpe Ratio | 2.02 | 2.69 |
| Daily Std Dev | 3.81% | 3.98% |
| Max Drawdown | -5.90% | -15.54% |
| Current Drawdown | -0.06% | -1.13% |
Correlation
The correlation between MNBD and FTABX is 0.63, 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
MNBD vs. FTABX - Performance Comparison
The year-to-date returns for both stocks are quite close, with MNBD having a 3.12% return and FTABX slightly lower at 3.04%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
MNBD vs. FTABX - Dividend Comparison
MNBD's dividend yield for the trailing twelve months is around 3.60%, more than FTABX's 2.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNBD ALPS Intermediate Municipal Bond ETF | 3.60% | 3.44% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 2.96% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% | 3.86% |
Drawdowns
MNBD vs. FTABX - Drawdown Comparison
The maximum MNBD drawdown since its inception was -5.90%, smaller than the maximum FTABX drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for MNBD and FTABX. For additional features, visit the drawdowns tool.
Volatility
MNBD vs. FTABX - Volatility Comparison
ALPS Intermediate Municipal Bond ETF (MNBD) has a higher volatility of 0.56% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.45%. 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.