Correlation
The correlation between TFI and ACTHX is -0.10. 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.
TFI vs. ACTHX
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Invesco High Yield Municipal Fund (ACTHX).
TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007. ACTHX is managed by Invesco. It was launched on Jan 1, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFI or ACTHX.
Performance
TFI vs. ACTHX - Performance Comparison
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Key characteristics
TFI:
0.27
ACTHX:
0.45
TFI:
0.32
ACTHX:
0.56
TFI:
1.05
ACTHX:
1.10
TFI:
0.12
ACTHX:
0.29
TFI:
0.59
ACTHX:
1.32
TFI:
1.93%
ACTHX:
2.16%
TFI:
4.96%
ACTHX:
7.42%
TFI:
-15.49%
ACTHX:
-27.29%
TFI:
-7.25%
ACTHX:
-6.86%
Returns By Period
In the year-to-date period, TFI achieves a -1.56% return, which is significantly higher than ACTHX's -2.16% return. Over the past 10 years, TFI has underperformed ACTHX with an annualized return of 1.64%, while ACTHX has yielded a comparatively higher 2.83% annualized return.
TFI
-1.56%
-0.20%
-3.07%
1.29%
0.84%
-0.78%
1.64%
ACTHX
-2.16%
-0.85%
-3.88%
2.75%
0.76%
1.89%
2.83%
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TFI vs. ACTHX - Expense Ratio Comparison
TFI has a 0.23% expense ratio, which is lower than ACTHX's 1.39% expense ratio.
Risk-Adjusted Performance
TFI vs. ACTHX — Risk-Adjusted Performance Rank
TFI
ACTHX
TFI vs. ACTHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Invesco High Yield Municipal Fund (ACTHX). 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
TFI vs. ACTHX - Dividend Comparison
TFI's dividend yield for the trailing twelve months is around 3.16%, less than ACTHX's 4.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 3.16% | 3.01% | 2.41% | 1.87% | 1.71% | 2.04% | 2.14% | 2.25% | 2.16% | 2.39% | 2.40% | 2.37% |
ACTHX Invesco High Yield Municipal Fund | 4.96% | 5.21% | 5.03% | 4.72% | 3.95% | 4.33% | 4.34% | 4.78% | 4.71% | 5.17% | 4.99% | 5.21% |
Drawdowns
TFI vs. ACTHX - Drawdown Comparison
The maximum TFI drawdown since its inception was -15.49%, smaller than the maximum ACTHX drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for TFI and ACTHX.
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Volatility
TFI vs. ACTHX - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Invesco High Yield Municipal Fund (ACTHX) have volatilities of 0.98% and 0.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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