Correlation
The correlation between FFTFX and HEFA is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FFTFX vs. HEFA
Compare and contrast key facts about Franklin Federal Limited-Term Tax-Free Income Fund (FFTFX) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
FFTFX is managed by Franklin Templeton Investments. It was launched on Sep 1, 2003. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFTFX or HEFA.
Performance
FFTFX vs. HEFA - Performance Comparison
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Key characteristics
FFTFX:
1.84
HEFA:
0.59
FFTFX:
2.47
HEFA:
0.85
FFTFX:
1.47
HEFA:
1.12
FFTFX:
2.19
HEFA:
0.64
FFTFX:
8.02
HEFA:
2.78
FFTFX:
0.48%
HEFA:
3.29%
FFTFX:
2.14%
HEFA:
16.89%
FFTFX:
-6.52%
HEFA:
-32.39%
FFTFX:
-0.44%
HEFA:
-0.76%
Returns By Period
In the year-to-date period, FFTFX achieves a 0.71% return, which is significantly lower than HEFA's 8.69% return. Over the past 10 years, FFTFX has underperformed HEFA with an annualized return of 1.29%, while HEFA has yielded a comparatively higher 8.38% annualized return.
FFTFX
0.71%
0.20%
0.36%
3.65%
2.70%
1.11%
1.29%
HEFA
8.69%
4.11%
8.79%
8.99%
13.99%
14.43%
8.38%
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FFTFX vs. HEFA - Expense Ratio Comparison
FFTFX has a 0.55% expense ratio, which is higher than HEFA's 0.35% expense ratio.
Risk-Adjusted Performance
FFTFX vs. HEFA — Risk-Adjusted Performance Rank
FFTFX
HEFA
FFTFX vs. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Limited-Term Tax-Free Income Fund (FFTFX) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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
FFTFX vs. HEFA - Dividend Comparison
FFTFX's dividend yield for the trailing twelve months is around 2.51%, less than HEFA's 2.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFTFX Franklin Federal Limited-Term Tax-Free Income Fund | 2.51% | 2.71% | 2.32% | 1.21% | 0.83% | 1.21% | 1.65% | 1.28% | 0.78% | 0.87% | 0.89% | 0.99% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.84% | 3.09% | 3.01% | 25.14% | 3.06% | 2.10% | 5.37% | 4.58% | 2.55% | 3.17% | 3.54% | 3.39% |
Drawdowns
FFTFX vs. HEFA - Drawdown Comparison
The maximum FFTFX drawdown since its inception was -6.52%, smaller than the maximum HEFA drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for FFTFX and HEFA.
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Volatility
FFTFX vs. HEFA - Volatility Comparison
The current volatility for Franklin Federal Limited-Term Tax-Free Income Fund (FFTFX) is 0.28%, while iShares Currency Hedged MSCI EAFE ETF (HEFA) has a volatility of 3.81%. This indicates that FFTFX experiences smaller price fluctuations and is considered to be less risky than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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