I'm trying to compare Fidelity vs ishares and am confused about the various yield terminology and the results of Fidelity vs ishares. Fidelity uses the
term "30 day yld". ishares uses the term "30 day SEC yld" and also
"yield to maturity" and "net acquisition yield".
According to this Bond Funds and SEC Yields - WSJ.com
The Fidelity "30 day yld" and the ishares "30 day SEC yield" use the same definition and can be compared. Footnote 5 on the Fidelity page seems to agree https://fundresearch.fidelity.com/mu...mary/316146448
The confusing thing to me is that if I use that metric , the ishares for a given maturity year always are about 0.3% lower in yield even tho the ER for Fidelity is slightly higher. Does that make sense?
2019 (1.34% vs 1.04%); 2017 (0.72% vs 0.46%)
iShares 2019 AMT-Free Muni Term ETF | MUAH
Supposedly the SEC yld accounts for the ER and any discounts/premiums when the bonds mature so is the SEC yld the appropriate metric if you hold to maturity?