BIAEX vs. FKTIX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Franklin Federal Tax Free Income Fund (FKTIX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. FKTIX is managed by Franklin Templeton. It was launched on Oct 6, 1983.
Performance
BIAEX vs. FKTIX - Performance Comparison
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BIAEX vs. FKTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | -0.48% | 5.50% | 2.08% | 6.43% | -9.75% | 2.39% | 3.65% | 7.48% | 2.19% | 4.12% |
FKTIX Franklin Federal Tax Free Income Fund | -0.50% | 4.84% | 3.44% | 6.72% | -11.67% | 2.51% | 5.64% | 7.41% | 0.61% | 3.61% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BIAEX having a -0.48% return and FKTIX slightly lower at -0.50%. Both investments have delivered pretty close results over the past 10 years, with BIAEX having a 1.97% annualized return and FKTIX not far ahead at 2.03%.
BIAEX
- 1D
- 0.21%
- 1M
- -2.20%
- YTD
- -0.48%
- 6M
- 1.23%
- 1Y
- 4.68%
- 3Y*
- 3.61%
- 5Y*
- 1.01%
- 10Y*
- 1.97%
FKTIX
- 1D
- 0.28%
- 1M
- -2.29%
- YTD
- -0.50%
- 6M
- 1.21%
- 1Y
- 3.61%
- 3Y*
- 3.79%
- 5Y*
- 0.90%
- 10Y*
- 2.03%
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BIAEX vs. FKTIX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than FKTIX's 0.64% expense ratio.
Return for Risk
BIAEX vs. FKTIX — Risk / Return Rank
BIAEX
FKTIX
BIAEX vs. FKTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Franklin Federal Tax Free Income Fund (FKTIX). 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.
| BIAEX | FKTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.70 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.68 | 0.97 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.87 | +0.54 |
Martin ratioReturn relative to average drawdown | 5.19 | 2.73 | +2.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIAEX | FKTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.70 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.20 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.48 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.12 | -0.64 |
Correlation
The correlation between BIAEX and FKTIX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIAEX vs. FKTIX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.48%, less than FKTIX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.48% | 3.79% | 3.67% | 3.15% | 2.00% | 2.57% | 2.75% | 3.01% | 3.27% | 2.30% | 0.00% | 0.00% |
FKTIX Franklin Federal Tax Free Income Fund | 3.80% | 4.92% | 3.94% | 3.15% | 3.23% | 2.64% | 2.88% | 3.81% | 3.77% | 3.80% | 3.86% | 3.78% |
Drawdowns
BIAEX vs. FKTIX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -13.89%, smaller than the maximum FKTIX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for BIAEX and FKTIX.
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Drawdown Indicators
| BIAEX | FKTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -18.53% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -5.65% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | -17.09% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | -17.09% | +3.20% |
Current DrawdownCurrent decline from peak | -2.51% | -2.65% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -2.35% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.81% | -0.73% |
Volatility
BIAEX vs. FKTIX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 1.01%, while Franklin Federal Tax Free Income Fund (FKTIX) has a volatility of 1.26%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than FKTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAEX | FKTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.26% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 1.92% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 5.91% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 4.63% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 4.25% | -0.67% |