SMB vs. FTABX
Compare and contrast key facts about VanEck Short Muni ETF (SMB) and Fidelity Tax-Free Bond Fund (FTABX).
SMB is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Short Continuous. It was launched on Feb 22, 2008. 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: SMB or FTABX.
Key characteristics
| SMB | FTABX | |
|---|---|---|
| YTD Return | 2.41% | 2.06% |
| 1Y Return | 4.13% | 8.28% |
| 3Y Return (Ann) | 0.34% | -0.47% |
| 5Y Return (Ann) | 0.99% | 1.28% |
| 10Y Return (Ann) | 1.19% | 2.45% |
| Sharpe Ratio | 2.11 | 2.07 |
| Sortino Ratio | 3.20 | 3.07 |
| Omega Ratio | 1.43 | 1.48 |
| Calmar Ratio | 1.28 | 0.84 |
| Martin Ratio | 15.21 | 8.52 |
| Ulcer Index | 0.30% | 0.88% |
| Daily Std Dev | 2.12% | 3.64% |
| Max Drawdown | -12.64% | -15.78% |
| Current Drawdown | -0.36% | -2.33% |
Correlation
The correlation between SMB and FTABX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SMB vs. FTABX - Performance Comparison
In the year-to-date period, SMB achieves a 2.41% return, which is significantly higher than FTABX's 2.06% return. Over the past 10 years, SMB has underperformed FTABX with an annualized return of 1.19%, while FTABX has yielded a comparatively higher 2.45% annualized return. 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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SMB vs. FTABX - Expense Ratio Comparison
SMB has a 0.20% expense ratio, which is lower than FTABX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SMB vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Short Muni ETF (SMB) 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
SMB vs. FTABX - Dividend Comparison
SMB's dividend yield for the trailing twelve months is around 2.30%, less than FTABX's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMB VanEck Short Muni ETF | 2.30% | 1.84% | 1.32% | 1.25% | 1.51% | 1.58% | 1.49% | 1.24% | 1.13% | 1.14% | 1.21% | 1.37% |
FTABX Fidelity Tax-Free Bond Fund | 3.00% | 2.90% | 2.85% | 2.40% | 2.60% | 2.84% | 3.02% | 3.07% | 3.37% | 3.58% | 3.62% | 3.86% |
Drawdowns
SMB vs. FTABX - Drawdown Comparison
The maximum SMB drawdown since its inception was -12.64%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for SMB and FTABX. For additional features, visit the drawdowns tool.
Volatility
SMB vs. FTABX - Volatility Comparison
The current volatility for VanEck Short Muni ETF (SMB) is 0.61%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.84%. This indicates that SMB experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.