SFBDX vs. SFITX

Last updated Jun 4, 2026

SFBDX (State Farm Municipal Bond Fund) and SFITX (State Farm Interim Fund) are both mutual funds - SFBDX is a Municipal Bonds fund managed by State Farm, while SFITX is a Government Bonds fund managed by State Farm. Over the past 10 years, SFBDX returned 1.93%/yr vs 1.35%/yr for SFITX. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.16% expense ratio.

Performance

SFBDX vs. SFITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Farm Municipal Bond Fund (SFBDX) and State Farm Interim Fund (SFITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFBDX achieves a 1.03% return, which is significantly higher than SFITX's 0.09% return. Over the past 10 years, SFBDX has outperformed SFITX with an annualized return of 1.93%, while SFITX has yielded a comparatively lower 1.35% annualized return.

SFBDX

• 1D: 0.12%
• 1M: 0.53%
• YTD: 1.03%
• 6M: 1.44%
• 1Y: 6.25%
• 3Y*: 3.14%
• 5Y*: 0.82%
• 10Y*: 1.93%

SFITX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.09%
• 6M: 0.40%
• 1Y: 3.30%
• 3Y*: 3.45%
• 5Y*: 0.93%
• 10Y*: 1.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SFBDX vs. SFITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SFBDX State Farm Municipal Bond Fund	1.03%	5.11%	0.65%	4.05%	-6.83%	0.65%	7.01%	6.23%	0.62%	3.65%
SFITX State Farm Interim Fund	0.09%	5.41%	2.54%	3.73%	-5.88%	-1.60%	4.89%	4.26%	1.04%	0.61%

Correlation

The correlation between SFBDX and SFITX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 3, 1990	0.53

The correlation between SFBDX and SFITX has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

Return for Risk

SFBDX vs. SFITX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SFBDX

SFBDX Risk / Return Rank: 68
SFBDX Sharpe Ratio Rank: 86
SFBDX Sortino Ratio Rank: 90
SFBDX Omega Ratio Rank: 95
SFBDX Calmar Ratio Rank: 34
SFBDX Martin Ratio Rank: 33

SFITX

SFITX Risk / Return Rank: 30
SFITX Sharpe Ratio Rank: 25
SFITX Sortino Ratio Rank: 33
SFITX Omega Ratio Rank: 29
SFITX Calmar Ratio Rank: 33
SFITX Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SFBDX vs. SFITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Farm Municipal Bond Fund (SFBDX) and State Farm Interim Fund (SFITX). 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.

	SFBDX	SFITX	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.44	+1.37
Sortino ratio: Return per unit of downside risk	4.36	2.40	+1.96
Omega ratio: Gain probability vs. loss probability	1.77	1.29	+0.48
Calmar ratio: Return relative to maximum drawdown	2.20	2.18	+0.02
Martin ratio: Return relative to average drawdown	7.47	6.51	+0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFBDX vs. SFITX - Sharpe Ratio Comparison

The current SFBDX Sharpe Ratio is 2.81, which is higher than the SFITX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of SFBDX and SFITX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SFBDX	SFITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	1.44	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.31	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.55	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.04	+0.13

Drawdowns

SFBDX vs. SFITX - Drawdown Comparison

The maximum SFBDX drawdown since its inception was -11.79%, which is greater than SFITX's maximum drawdown of -9.13%. Use the drawdown chart below to compare losses from any high point for SFBDX and SFITX.

Drawdown Indicators

	SFBDX	SFITX	Difference
Max Drawdown Largest peak-to-trough decline	-11.79%	-9.13%	-2.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-1.53%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-5.14%	-1.80%	-3.34%
Max Drawdown (5Y) Largest decline over 5 years	-11.79%	-8.78%	-3.01%
Max Drawdown (10Y) Largest decline over 10 years	-11.79%	-9.13%	-2.66%
Current Drawdown Current decline from peak	-0.83%	-0.81%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.37%	-1.09%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.51%	+0.33%

Volatility

SFBDX vs. SFITX - Volatility Comparison

State Farm Municipal Bond Fund (SFBDX) has a higher volatility of 0.84% compared to State Farm Interim Fund (SFITX) at 0.67%. This indicates that SFBDX's price experiences larger fluctuations and is considered to be riskier than SFITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SFBDX	SFITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.67%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	1.66%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	2.25%	2.32%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	3.04%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.41%	2.48%	+0.93%

SFBDX vs. SFITX - Expense Ratio Comparison

Both SFBDX and SFITX have an expense ratio of 0.16%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SFBDX vs. SFITX - Dividend Comparison

SFBDX's dividend yield for the trailing twelve months is around 3.33%, less than SFITX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SFBDX State Farm Municipal Bond Fund	3.33%	2.97%	2.62%	2.46%	2.01%	2.33%	4.03%	2.78%	2.23%	2.77%	2.06%	2.64%
SFITX State Farm Interim Fund	3.69%	3.28%	2.72%	1.85%	0.92%	0.94%	2.13%	1.75%	1.12%	1.12%	0.79%	0.98%

Frequently Asked Questions

Can I hold both SFBDX and SFITX in my portfolio?

SFBDX and SFITX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFBDX or SFITX?

SFBDX has higher volatility (0.84%) compared to SFITX (0.67%). In terms of maximum drawdown, SFBDX dropped -11.79% vs SFITX's -9.13%.

Which has better risk-adjusted returns?

SFBDX currently has the higher Sharpe Ratio (2.81 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.