FFTFX vs. NVDY
Compare and contrast key facts about Franklin Federal Limited-Term Tax-Free Income Fund (FFTFX) and YieldMax NVDA Option Income Strategy ETF (NVDY).
FFTFX is managed by Franklin Templeton Investments. It was launched on Sep 1, 2003. NVDY is an actively managed fund by Tidal. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFTFX or NVDY.
Key characteristics
| FFTFX | NVDY | |
|---|---|---|
| YTD Return | 3.11% | 85.36% |
| 1Y Return | 5.97% | 106.94% |
| Sharpe Ratio | 3.46 | 2.48 |
| Daily Std Dev | 1.73% | 42.30% |
| Max Drawdown | -6.53% | -21.19% |
| Current Drawdown | 0.00% | -11.11% |
Correlation
The correlation between FFTFX and NVDY is 0.07, 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.
Performance
FFTFX vs. NVDY - Performance Comparison
In the year-to-date period, FFTFX achieves a 3.11% return, which is significantly lower than NVDY's 85.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFTFX vs. NVDY - Expense Ratio Comparison
FFTFX has a 0.55% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
FFTFX vs. NVDY - 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 YieldMax NVDA Option Income Strategy ETF (NVDY). 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.
Dividends
FFTFX vs. NVDY - Dividend Comparison
FFTFX's dividend yield for the trailing twelve months is around 2.61%, less than NVDY's 77.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFTFX Franklin Federal Limited-Term Tax-Free Income Fund | 2.61% | 2.30% | 1.20% | 0.82% | 1.19% | 1.65% | 1.28% | 0.79% | 0.87% | 0.89% | 0.99% | 1.34% |
NVDY YieldMax NVDA Option Income Strategy ETF | 77.50% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFTFX vs. NVDY - Drawdown Comparison
The maximum FFTFX drawdown since its inception was -6.53%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for FFTFX and NVDY. For additional features, visit the drawdowns tool.
Volatility
FFTFX vs. NVDY - Volatility Comparison
The current volatility for Franklin Federal Limited-Term Tax-Free Income Fund (FFTFX) is 0.40%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 12.56%. This indicates that FFTFX experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.