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 Investments. It was launched on Oct 6, 1983.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECHMX or FKTIX.
Correlation
The correlation between ECHMX and FKTIX is -0.04. 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.
Performance
ECHMX vs. FKTIX - Performance Comparison
Loading data...
Key characteristics
ECHMX:
-0.25
FKTIX:
0.05
ECHMX:
-0.25
FKTIX:
0.13
ECHMX:
0.96
FKTIX:
1.02
ECHMX:
-0.15
FKTIX:
0.05
ECHMX:
-0.64
FKTIX:
0.22
ECHMX:
2.24%
FKTIX:
1.87%
ECHMX:
6.28%
FKTIX:
6.25%
ECHMX:
-40.94%
FKTIX:
-17.07%
ECHMX:
-6.89%
FKTIX:
-5.06%
Returns By Period
In the year-to-date period, ECHMX achieves a -2.74% return, which is significantly lower than FKTIX's -2.28% return. Over the past 10 years, ECHMX has underperformed FKTIX with an annualized return of 1.65%, while FKTIX has yielded a comparatively higher 1.76% annualized return.
ECHMX
-2.74%
0.79%
-3.00%
-1.53%
0.10%
1.65%
FKTIX
-2.28%
0.96%
-2.50%
0.33%
0.76%
1.76%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ECHMX vs. FKTIX - Expense Ratio Comparison
ECHMX has a 1.39% expense ratio, which is higher than FKTIX's 0.64% expense ratio.
Risk-Adjusted Performance
ECHMX vs. FKTIX — Risk-Adjusted Performance Rank
ECHMX
FKTIX
ECHMX vs. FKTIX - Risk-Adjusted Performance 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.
Loading data...
Dividends
ECHMX vs. FKTIX - Dividend Comparison
ECHMX's dividend yield for the trailing twelve months is around 3.12%, less than FKTIX's 3.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECHMX Eaton Vance National Municipal Income Fund | 3.12% | 3.03% | 2.90% | 2.26% | 1.38% | 1.92% | 2.39% | 2.86% | 2.92% | 3.08% | 3.13% | 3.61% |
FKTIX Franklin Federal Tax Free Income Fund | 3.76% | 3.64% | 3.43% | 3.24% | 2.64% | 2.88% | 3.34% | 3.82% | 3.84% | 3.89% | 3.81% | 3.84% |
Drawdowns
ECHMX vs. FKTIX - Drawdown Comparison
The maximum ECHMX drawdown since its inception was -40.94%, which is greater than FKTIX's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for ECHMX and FKTIX. For additional features, visit the drawdowns tool.
Loading data...
Volatility
ECHMX vs. FKTIX - Volatility Comparison
Eaton Vance National Municipal Income Fund (ECHMX) and Franklin Federal Tax Free Income Fund (FKTIX) have volatilities of 1.40% and 1.43%, 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.
Loading data...