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.
Correlation
The correlation between SHYD and FTABX is -0.32. 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.
Performance
SHYD vs. FTABX - Performance Comparison
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Key characteristics
SHYD:
3.56%
FTABX:
5.37%
SHYD:
-0.18%
FTABX:
-15.78%
SHYD:
0.00%
FTABX:
-3.60%
Returns By Period
SHYD
N/A
N/A
N/A
N/A
N/A
N/A
FTABX
-1.25%
1.90%
-1.29%
0.76%
1.48%
2.23%
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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 3.34%, more than FTABX's 2.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYD VanEck Short High Yield Muni ETF | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 2.87% | 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 -0.18%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for SHYD and FTABX. For additional features, visit the drawdowns tool.
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Volatility
SHYD vs. FTABX - Volatility Comparison
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