ECHMX vs. FKTIX
Compare and contrast key facts about Eaton Vance National Municipal Income Fund (ECHMX) and Franklin Federal Tax Free Income Fund (FKTIX).
ECHMX is managed by Eaton Vance. It was launched on Dec 2, 1993. FKTIX is managed by Franklin Templeton. It was launched on Oct 6, 1983.
Performance
ECHMX vs. FKTIX - Performance Comparison
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ECHMX vs. FKTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECHMX Eaton Vance National Municipal Income Fund | -0.61% | 2.64% | 1.45% | 6.36% | -10.60% | 0.70% | 5.01% | 7.51% | 1.02% | 3.90% |
FKTIX Franklin Federal Tax Free Income Fund | -0.78% | 4.84% | 3.44% | 6.72% | -11.67% | 2.51% | 5.64% | 7.41% | 0.61% | 3.61% |
Returns By Period
In the year-to-date period, ECHMX achieves a -0.61% return, which is significantly higher than FKTIX's -0.78% return. Over the past 10 years, ECHMX has underperformed FKTIX with an annualized return of 1.59%, while FKTIX has yielded a comparatively higher 2.00% annualized return.
ECHMX
- 1D
- 0.22%
- 1M
- -2.70%
- YTD
- -0.61%
- 6M
- 0.81%
- 1Y
- 2.75%
- 3Y*
- 2.29%
- 5Y*
- -0.07%
- 10Y*
- 1.59%
FKTIX
- 1D
- 0.19%
- 1M
- -2.92%
- YTD
- -0.78%
- 6M
- 1.02%
- 1Y
- 3.81%
- 3Y*
- 3.70%
- 5Y*
- 0.86%
- 10Y*
- 2.00%
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ECHMX vs. FKTIX - Expense Ratio Comparison
ECHMX has a 1.39% expense ratio, which is higher than FKTIX's 0.64% expense ratio.
Return for Risk
ECHMX vs. FKTIX — Risk / Return Rank
ECHMX
FKTIX
ECHMX vs. FKTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance National Municipal Income Fund (ECHMX) 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.
| ECHMX | FKTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.79 | -0.16 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.09 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.89 | -0.18 |
Martin ratioReturn relative to average drawdown | 1.87 | 2.79 | -0.92 |
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
| ECHMX | FKTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.79 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.19 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.47 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.12 | -0.50 |
Correlation
The correlation between ECHMX and FKTIX is 0.73, 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
ECHMX vs. FKTIX - Dividend Comparison
ECHMX's dividend yield for the trailing twelve months is around 3.03%, less than FKTIX's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHMX Eaton Vance National Municipal Income Fund | 3.03% | 3.76% | 3.29% | 2.41% | 2.27% | 1.38% | 1.92% | 2.76% | 2.86% | 2.90% | 3.07% | 3.14% |
FKTIX Franklin Federal Tax Free Income Fund | 3.81% | 4.92% | 3.94% | 3.15% | 3.23% | 2.64% | 2.88% | 3.81% | 3.77% | 3.80% | 3.86% | 3.78% |
Drawdowns
ECHMX vs. FKTIX - Drawdown Comparison
The maximum ECHMX drawdown since its inception was -40.96%, which is greater than FKTIX's maximum drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for ECHMX and FKTIX.
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Drawdown Indicators
| ECHMX | FKTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.96% | -18.53% | -22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.46% | -5.65% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -17.09% | +0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -16.32% | -17.09% | +0.77% |
Current DrawdownCurrent decline from peak | -2.70% | -2.92% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -2.35% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.80% | +0.25% |
Volatility
ECHMX vs. FKTIX - Volatility Comparison
Eaton Vance National Municipal Income Fund (ECHMX) and Franklin Federal Tax Free Income Fund (FKTIX) have volatilities of 1.25% and 1.22%, 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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Volatility by Period
| ECHMX | FKTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.22% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 1.90% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 5.92% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 4.63% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 4.25% | +0.08% |