Franklin New York Intermediate Tax-Free Income Fund (FKNIX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FKNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FKNIX
FKNIX charges 0.70% annually. There are 296 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FKNIX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FKNIX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FKNIX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FKNIX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FKNIX vs FSMUX |
Best Risk-Adjusted Alternatives to FKNIX
FKNIX has a PortfoliosLab risk / return rank of 73. There are 227 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FKNIX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | FKNIX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | FKNIX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | FKNIX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | FKNIX vs DFSMX |
Top Performing FKNIX Alternatives (YTD)
FKNIX is at 1.25% YTD. There are 314 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 12.91% | — | Apr 1998 | FKNIX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | FKNIX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.81% | — | Nov 2001 | FKNIX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.99% | — | Mar 1993 | FKNIX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | FKNIX vs MIY |
Lowest Volatility Alternatives to FKNIX
FKNIX has 2.13% 1-year volatility. There are 111 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | FKNIX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FKNIX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | FKNIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | FKNIX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | FKNIX vs DFSMX |
Lowest Drawdown Alternatives to FKNIX
FKNIX has a 1-year max drawdown of -2.44%. There are 136 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FKNIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FKNIX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | FKNIX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FKNIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FKNIX vs TFCYX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 13 | 6.31% | — | Jan 1968 | FKNIX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 28 | -6.87% | — | May 1969 | FKNIX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 79 | 4.34% | — | — | FKNIX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 19 | 3.19% | — | Apr 1948 | FKNIX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 19 | 14.74% | — | Jun 2011 | FKNIX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 26 | 4.40% | — | Jan 1987 | FKNIX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 5 | -0.39% | — | Aug 1997 | FKNIX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 6 | 0.49% | — | Oct 1983 | FKNIX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 89 | 4.88% | — | Aug 1997 | FKNIX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 24 | 3.19% | — | Mar 1970 | FKNIX vs SHAPX |
Often Compared With FKNIX
Investors most often compare FKNIX with VOO, DMREX, FMNDX. These 10 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 60 | 8.08% | 1.70T | Sep 2010 | FKNIX vs VOO | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.95% | — | Nov 2014 | FKNIX vs DMREX | |
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 98 | 1.01% | — | Oct 2013 | FKNIX vs FMNDX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 77 | 1.81% | — | Jun 2012 | FKNIX vs FXIEX | |
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 10 | 0.49% | — | Oct 2022 | FKNIX vs BMN | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 46 | 3.28% | — | Apr 1987 | FKNIX vs NUV | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 36 | 5.75% | — | Feb 1998 | FKNIX vs MUC | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 24 | 5.08% | — | Jul 1992 | FKNIX vs MQY | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | FKNIX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 58 | 5.53% | — | Mar 1998 | FKNIX vs MUJ |
Compare FKNIX with Any Fund or Stock
Compare FKNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FKNIX with funds that move differently
Franklin New York Intermediate Tax-Free Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FKNIX.
Explore FKNIX Diversifiers