MOTIX vs. MUB
Compare and contrast key facts about BNY Mellon Municipal Opportunities Fund (MOTIX) and iShares National AMT-Free Muni Bond ETF (MUB).
MOTIX is managed by BNY Mellon. It was launched on Oct 14, 2008. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MOTIX or MUB.
Correlation
The correlation between MOTIX and MUB is 0.41, 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
MOTIX vs. MUB - Performance Comparison
Key characteristics
MOTIX:
0.99
MUB:
0.55
MOTIX:
1.37
MUB:
0.78
MOTIX:
1.21
MUB:
1.10
MOTIX:
0.50
MUB:
0.45
MOTIX:
3.22
MUB:
2.01
MOTIX:
1.01%
MUB:
1.03%
MOTIX:
3.32%
MUB:
3.75%
MOTIX:
-16.12%
MUB:
-13.68%
MOTIX:
-2.74%
MUB:
-1.31%
Returns By Period
In the year-to-date period, MOTIX achieves a 0.16% return, which is significantly lower than MUB's 0.29% return. Over the past 10 years, MOTIX has outperformed MUB with an annualized return of 2.38%, while MUB has yielded a comparatively lower 2.08% annualized return.
MOTIX
0.16%
0.89%
0.37%
3.18%
0.81%
2.38%
MUB
0.29%
1.15%
0.27%
1.83%
0.76%
2.08%
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MOTIX vs. MUB - Expense Ratio Comparison
MOTIX has a 0.90% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
MOTIX vs. MUB — Risk-Adjusted Performance Rank
MOTIX
MUB
MOTIX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Opportunities Fund (MOTIX) and iShares National AMT-Free Muni Bond ETF (MUB). 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
MOTIX vs. MUB - Dividend Comparison
MOTIX's dividend yield for the trailing twelve months is around 2.89%, less than MUB's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOTIX BNY Mellon Municipal Opportunities Fund | 2.89% | 3.16% | 3.09% | 2.87% | 2.29% | 2.60% | 2.85% | 3.18% | 3.04% | 3.43% | 3.22% | 3.36% |
MUB iShares National AMT-Free Muni Bond ETF | 3.02% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% |
Drawdowns
MOTIX vs. MUB - Drawdown Comparison
The maximum MOTIX drawdown since its inception was -16.12%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for MOTIX and MUB. For additional features, visit the drawdowns tool.
Volatility
MOTIX vs. MUB - Volatility Comparison
The current volatility for BNY Mellon Municipal Opportunities Fund (MOTIX) is 0.84%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.09%. This indicates that MOTIX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.