Correlation
The correlation between DHMBX and FKINX is -0.09. 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.
DHMBX vs. FKINX
Compare and contrast key facts about BNY Mellon High Yield Municipal Bond Fund (DHMBX) and Franklin Income Fund Class A1 (FKINX).
DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005. FKINX is managed by Franklin Templeton.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHMBX or FKINX.
Performance
DHMBX vs. FKINX - Performance Comparison
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Key characteristics
DHMBX:
0.00
FKINX:
0.93
DHMBX:
-0.02
FKINX:
1.23
DHMBX:
1.00
FKINX:
1.20
DHMBX:
-0.03
FKINX:
0.94
DHMBX:
-0.15
FKINX:
3.81
DHMBX:
3.06%
FKINX:
1.84%
DHMBX:
8.23%
FKINX:
8.08%
DHMBX:
-27.66%
FKINX:
-44.31%
DHMBX:
-11.18%
FKINX:
-1.16%
Returns By Period
In the year-to-date period, DHMBX achieves a -4.26% return, which is significantly lower than FKINX's 2.30% return. Over the past 10 years, DHMBX has underperformed FKINX with an annualized return of 2.67%, while FKINX has yielded a comparatively higher 5.26% annualized return.
DHMBX
-4.26%
-1.15%
-6.35%
0.00%
0.12%
1.20%
2.67%
FKINX
2.30%
1.72%
-0.61%
7.46%
4.67%
8.30%
5.26%
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DHMBX vs. FKINX - Expense Ratio Comparison
DHMBX has a 0.69% expense ratio, which is higher than FKINX's 0.62% expense ratio.
Risk-Adjusted Performance
DHMBX vs. FKINX — Risk-Adjusted Performance Rank
DHMBX
FKINX
DHMBX vs. FKINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and Franklin Income Fund Class A1 (FKINX). 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
DHMBX vs. FKINX - Dividend Comparison
DHMBX's dividend yield for the trailing twelve months is around 4.14%, less than FKINX's 5.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.14% | 3.91% | 3.79% | 3.69% | 2.98% | 3.45% | 3.62% | 4.15% | 3.65% | 4.98% | 4.52% | 4.57% |
FKINX Franklin Income Fund Class A1 | 5.57% | 5.59% | 5.67% | 5.46% | 6.39% | 5.22% | 5.11% | 5.61% | 5.04% | 5.19% | 5.71% | 5.04% |
Drawdowns
DHMBX vs. FKINX - Drawdown Comparison
The maximum DHMBX drawdown since its inception was -27.66%, smaller than the maximum FKINX drawdown of -44.31%. Use the drawdown chart below to compare losses from any high point for DHMBX and FKINX.
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Volatility
DHMBX vs. FKINX - Volatility Comparison
The current volatility for BNY Mellon High Yield Municipal Bond Fund (DHMBX) is 1.18%, while Franklin Income Fund Class A1 (FKINX) has a volatility of 2.28%. This indicates that DHMBX experiences smaller price fluctuations and is considered to be less risky than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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