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FCOTX vs. FRCOX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FCOTX vs. FRCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Colorado Municipal Bond Fund (FCOTX) and Franklin Colorado Tax Free Income Fund (FRCOX). The values are adjusted to include any dividend payments, if applicable.

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FCOTX vs. FRCOX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FCOTX
Nuveen Colorado Municipal Bond Fund
-0.61%2.53%2.07%6.71%-9.92%1.52%5.31%7.70%0.87%5.79%
FRCOX
Franklin Colorado Tax Free Income Fund
-0.80%4.72%3.21%5.98%-10.92%1.60%4.97%7.07%1.02%2.48%

Returns By Period

In the year-to-date period, FCOTX achieves a -0.61% return, which is significantly higher than FRCOX's -0.80% return. Over the past 10 years, FCOTX has outperformed FRCOX with an annualized return of 1.94%, while FRCOX has yielded a comparatively lower 1.80% annualized return.


FCOTX

1D
0.20%
1M
-2.18%
YTD
-0.61%
6M
1.00%
1Y
2.56%
3Y*
2.67%
5Y*
0.43%
10Y*
1.94%

FRCOX

1D
0.19%
1M
-2.53%
YTD
-0.80%
6M
1.18%
1Y
3.72%
3Y*
3.49%
5Y*
0.69%
10Y*
1.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Often compared with FRCOX:
FRCOX vs. FDRR

FCOTX vs. FRCOX - Expense Ratio Comparison

FCOTX has a 0.77% expense ratio, which is higher than FRCOX's 0.70% expense ratio.


Return for Risk

FCOTX vs. FRCOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCOTX
FCOTX Risk / Return Rank: 2424
Overall Rank
FCOTX Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FCOTX Sortino Ratio Rank: 2121
Sortino Ratio Rank
FCOTX Omega Ratio Rank: 3636
Omega Ratio Rank
FCOTX Calmar Ratio Rank: 2020
Calmar Ratio Rank
FCOTX Martin Ratio Rank: 1616
Martin Ratio Rank

FRCOX
FRCOX Risk / Return Rank: 3838
Overall Rank
FRCOX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
FRCOX Sortino Ratio Rank: 3333
Sortino Ratio Rank
FRCOX Omega Ratio Rank: 6161
Omega Ratio Rank
FRCOX Calmar Ratio Rank: 3232
Calmar Ratio Rank
FRCOX Martin Ratio Rank: 2525
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCOTX vs. FRCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Colorado Municipal Bond Fund (FCOTX) and Franklin Colorado Tax Free Income Fund (FRCOX). 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.


FCOTXFRCOXDifference

Sharpe ratio

Return per unit of total volatility

0.63

0.85

-0.22

Sortino ratio

Return per unit of downside risk

0.86

1.15

-0.30

Omega ratio

Gain probability vs. loss probability

1.17

1.23

-0.06

Calmar ratio

Return relative to maximum drawdown

0.59

0.92

-0.32

Martin ratio

Return relative to average drawdown

1.60

2.72

-1.12

FCOTX vs. FRCOX - Sharpe Ratio Comparison

The current FCOTX Sharpe Ratio is 0.63, which is comparable to the FRCOX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FCOTX and FRCOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FCOTXFRCOXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.63

0.85

-0.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.17

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.45

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

1.13

1.11

+0.02

Correlation

The correlation between FCOTX and FRCOX is 0.72, 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

FCOTX vs. FRCOX - Dividend Comparison

FCOTX's dividend yield for the trailing twelve months is around 3.34%, which matches FRCOX's 3.34% yield.


TTM20252024202320222021202020192018201720162015
FCOTX
Nuveen Colorado Municipal Bond Fund
3.34%3.55%3.44%3.62%2.59%1.77%2.27%2.92%3.30%3.15%3.39%3.63%
FRCOX
Franklin Colorado Tax Free Income Fund
3.34%4.33%3.73%2.66%2.74%2.17%2.52%3.57%3.30%3.16%3.80%3.85%

Drawdowns

FCOTX vs. FRCOX - Drawdown Comparison

The maximum FCOTX drawdown since its inception was -17.83%, which is greater than FRCOX's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for FCOTX and FRCOX.


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Drawdown Indicators


FCOTXFRCOXDifference

Max Drawdown

Largest peak-to-trough decline

-17.83%

-15.80%

-2.03%

Max Drawdown (1Y)

Largest decline over 1 year

-5.17%

-5.33%

+0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-15.40%

-15.64%

+0.24%

Max Drawdown (10Y)

Largest decline over 10 years

-15.40%

-15.64%

+0.24%

Current Drawdown

Current decline from peak

-2.18%

-2.53%

+0.35%

Average Drawdown

Average peak-to-trough decline

-2.34%

-1.98%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.79%

+0.13%

Volatility

FCOTX vs. FRCOX - Volatility Comparison

Nuveen Colorado Municipal Bond Fund (FCOTX) and Franklin Colorado Tax Free Income Fund (FRCOX) have volatilities of 1.05% and 1.08%, 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


FCOTXFRCOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.05%

1.08%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

1.64%

1.68%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

5.06%

5.28%

-0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.12%

4.17%

-0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.28%

4.00%

+0.28%