TAXF vs. FTABX
Compare and contrast key facts about American Century Diversified Municipal Bond ETF (TAXF) and Fidelity Tax-Free Bond Fund (FTABX).
TAXF is an actively managed fund by American Century Investments. It was launched on Sep 10, 2018. 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: TAXF or FTABX.
Key characteristics
| TAXF | FTABX | |
|---|---|---|
| YTD Return | -0.45% | -0.29% |
| 1Y Return | 3.22% | 3.18% |
| 3Y Return (Ann) | -0.81% | -0.89% |
| 5Y Return (Ann) | 1.85% | 1.54% |
| Sharpe Ratio | 0.71 | 0.80 |
| Daily Std Dev | 4.57% | 4.09% |
| Max Drawdown | -13.93% | -15.54% |
| Current Drawdown | -3.92% | -4.32% |
Correlation
The correlation between TAXF and FTABX is 0.62, 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
TAXF vs. FTABX - Performance Comparison
In the year-to-date period, TAXF achieves a -0.45% return, which is significantly lower than FTABX's -0.29% 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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TAXF vs. FTABX - Expense Ratio Comparison
TAXF has a 0.29% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
TAXF vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Municipal Bond ETF (TAXF) 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
TAXF vs. FTABX - Dividend Comparison
TAXF's dividend yield for the trailing twelve months is around 3.15%, more than FTABX's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAXF American Century Diversified Municipal Bond ETF | 3.15% | 2.93% | 2.05% | 1.58% | 2.13% | 2.64% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 2.99% | 2.90% | 2.86% | 2.68% | 2.97% | 2.94% | 3.21% | 3.49% | 3.92% | 3.58% | 3.62% | 3.86% |
Drawdowns
TAXF vs. FTABX - Drawdown Comparison
The maximum TAXF drawdown since its inception was -13.93%, smaller than the maximum FTABX drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for TAXF and FTABX. For additional features, visit the drawdowns tool.
Volatility
TAXF vs. FTABX - Volatility Comparison
American Century Diversified Municipal Bond ETF (TAXF) has a higher volatility of 0.95% compared to Fidelity Tax-Free Bond Fund (FTABX) at 0.86%. This indicates that TAXF'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.