FHMIX vs. FKTIX
Compare and contrast key facts about Federated Hermes Conservative Municipal Microshort Fund (FHMIX) and Franklin Federal Tax Free Income Fund (FKTIX).
FHMIX is managed by Federated. It was launched on Feb 2, 2021. FKTIX is managed by Franklin Templeton. It was launched on Oct 6, 1983.
Performance
FHMIX vs. FKTIX - Performance Comparison
Loading graphics...
FHMIX vs. FKTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FHMIX Federated Hermes Conservative Municipal Microshort Fund | 0.42% | 3.09% | 1.19% | 0.32% | 0.00% | 0.02% |
FKTIX Franklin Federal Tax Free Income Fund | -0.78% | 4.84% | 3.44% | 6.72% | -11.67% | 1.35% |
Returns By Period
In the year-to-date period, FHMIX achieves a 0.42% return, which is significantly higher than FKTIX's -0.78% return.
FHMIX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.42%
- 6M
- 1.08%
- 1Y
- 2.71%
- 3Y*
- 1.67%
- 5Y*
- —
- 10Y*
- —
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FHMIX vs. FKTIX - Expense Ratio Comparison
FHMIX has a 0.05% expense ratio, which is lower than FKTIX's 0.64% expense ratio.
Return for Risk
FHMIX vs. FKTIX — Risk / Return Rank
FHMIX
FKTIX
FHMIX vs. FKTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Conservative Municipal Microshort Fund (FHMIX) 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.
| FHMIX | FKTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.11 | 0.79 | +2.33 |
Sortino ratioReturn per unit of downside risk | 9.83 | 1.09 | +8.74 |
Omega ratioGain probability vs. loss probability | 4.28 | 1.22 | +3.06 |
Calmar ratioReturn relative to maximum drawdown | 14.95 | 0.89 | +14.06 |
Martin ratioReturn relative to average drawdown | 55.16 | 2.79 | +52.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FHMIX | FKTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.11 | 0.79 | +2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 1.12 | +0.21 |
Correlation
The correlation between FHMIX and FKTIX is 0.13, 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.
Dividends
FHMIX vs. FKTIX - Dividend Comparison
FHMIX's dividend yield for the trailing twelve months is around 2.67%, less than FKTIX's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHMIX Federated Hermes Conservative Municipal Microshort Fund | 2.67% | 3.04% | 1.18% | 0.32% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FHMIX vs. FKTIX - Drawdown Comparison
The maximum FHMIX drawdown since its inception was -0.50%, smaller than the maximum FKTIX drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for FHMIX and FKTIX.
Loading graphics...
Drawdown Indicators
| FHMIX | FKTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.50% | -18.53% | +18.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -5.65% | +5.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.09% | — |
Current DrawdownCurrent decline from peak | -0.10% | -2.92% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -2.35% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.80% | -1.75% |
Volatility
FHMIX vs. FKTIX - Volatility Comparison
The current volatility for Federated Hermes Conservative Municipal Microshort Fund (FHMIX) is 0.10%, while Franklin Federal Tax Free Income Fund (FKTIX) has a volatility of 1.22%. This indicates that FHMIX experiences smaller price fluctuations and is considered to be less risky than FKTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FHMIX | FKTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.22% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 1.90% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.96% | 5.92% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.78% | 4.63% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 4.25% | -3.47% |