Correlation
The correlation between SHYD and FTABX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SHYD vs. FTABX
Compare and contrast key facts about VanEck Short High Yield Muni ETF (SHYD) and Fidelity Tax-Free Bond Fund (FTABX).
SHYD is a passively managed fund by VanEck that tracks the performance of the Bloomberg Municipal High Yield Short Duration. It was launched on Jan 13, 2014. 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: SHYD or FTABX.
Performance
SHYD vs. FTABX - Performance Comparison
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Key characteristics
SHYD:
0.87
FTABX:
0.30
SHYD:
1.08
FTABX:
0.35
SHYD:
1.17
FTABX:
1.06
SHYD:
0.69
FTABX:
0.23
SHYD:
4.35
FTABX:
0.74
SHYD:
1.05%
FTABX:
1.80%
SHYD:
5.59%
FTABX:
5.39%
SHYD:
-31.22%
FTABX:
-15.53%
SHYD:
-2.16%
FTABX:
-3.68%
Returns By Period
In the year-to-date period, SHYD achieves a 0.90% return, which is significantly higher than FTABX's -1.63% return. Over the past 10 years, SHYD has underperformed FTABX with an annualized return of 1.81%, while FTABX has yielded a comparatively higher 2.41% annualized return.
SHYD
0.90%
0.86%
0.08%
4.83%
2.16%
2.09%
1.81%
FTABX
-1.63%
-0.56%
-3.14%
1.61%
1.84%
1.03%
2.41%
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SHYD vs. FTABX - Expense Ratio Comparison
SHYD has a 0.35% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
SHYD vs. FTABX — Risk-Adjusted Performance Rank
SHYD
FTABX
SHYD vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short High Yield Muni ETF (SHYD) 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.
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Dividends
SHYD vs. FTABX - Dividend Comparison
SHYD's dividend yield for the trailing twelve months is around 3.66%, more than FTABX's 2.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYD VanEck Short High Yield Muni ETF | 3.66% | 3.16% | 2.99% | 2.66% | 2.56% | 3.05% | 3.19% | 3.17% | 3.11% | 2.97% | 3.26% | 2.90% |
FTABX Fidelity Tax-Free Bond Fund | 2.89% | 3.05% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% |
Drawdowns
SHYD vs. FTABX - Drawdown Comparison
The maximum SHYD drawdown since its inception was -31.22%, which is greater than FTABX's maximum drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for SHYD and FTABX.
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Volatility
SHYD vs. FTABX - Volatility Comparison
VanEck Short High Yield Muni ETF (SHYD) has a higher volatility of 1.60% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.70%. This indicates that SHYD'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.
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