FKNIX vs. DFSMX
Compare and contrast key facts about Franklin New York Intermediate Tax-Free Income Fund (FKNIX) and DFA Short Term Municipal Bond Portfolio (DFSMX).
FKNIX is managed by Franklin Templeton. It was launched on Sep 20, 1992. DFSMX is managed by Dimensional. It was launched on Aug 19, 2002.
Performance
FKNIX vs. DFSMX - Performance Comparison
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FKNIX vs. DFSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKNIX Franklin New York Intermediate Tax-Free Income Fund | -0.48% | 5.32% | 1.49% | 5.07% | -7.83% | 0.80% | 3.90% | 6.48% | 0.37% | 3.20% |
DFSMX DFA Short Term Municipal Bond Portfolio | 0.55% | 2.30% | 2.84% | 2.98% | -0.36% | -0.11% | 0.83% | 1.62% | 1.22% | 1.15% |
Returns By Period
In the year-to-date period, FKNIX achieves a -0.48% return, which is significantly lower than DFSMX's 0.55% return. Over the past 10 years, FKNIX has outperformed DFSMX with an annualized return of 1.56%, while DFSMX has yielded a comparatively lower 1.23% annualized return.
FKNIX
- 1D
- 0.09%
- 1M
- -2.35%
- YTD
- -0.48%
- 6M
- 0.89%
- 1Y
- 4.17%
- 3Y*
- 3.00%
- 5Y*
- 0.90%
- 10Y*
- 1.56%
DFSMX
- 1D
- 0.04%
- 1M
- -0.05%
- YTD
- 0.55%
- 6M
- 1.10%
- 1Y
- 2.45%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- 1.23%
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FKNIX vs. DFSMX - Expense Ratio Comparison
FKNIX has a 0.70% expense ratio, which is higher than DFSMX's 0.20% expense ratio.
Return for Risk
FKNIX vs. DFSMX — Risk / Return Rank
FKNIX
DFSMX
FKNIX vs. DFSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New York Intermediate Tax-Free Income Fund (FKNIX) and DFA Short Term Municipal Bond Portfolio (DFSMX). 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.
| FKNIX | DFSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 3.68 | -2.32 |
Sortino ratioReturn per unit of downside risk | 1.86 | 6.50 | -4.64 |
Omega ratioGain probability vs. loss probability | 1.39 | 3.20 | -1.81 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 4.59 | -3.15 |
Martin ratioReturn relative to average drawdown | 5.86 | 21.83 | -15.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FKNIX | DFSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 3.68 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 2.11 | -1.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 1.60 | -1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.78 | -0.62 |
Correlation
The correlation between FKNIX and DFSMX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FKNIX vs. DFSMX - Dividend Comparison
FKNIX's dividend yield for the trailing twelve months is around 2.77%, more than DFSMX's 2.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKNIX Franklin New York Intermediate Tax-Free Income Fund | 2.77% | 3.55% | 2.97% | 2.10% | 2.11% | 1.91% | 2.26% | 2.95% | 2.64% | 2.38% | 2.59% | 2.67% |
DFSMX DFA Short Term Municipal Bond Portfolio | 2.43% | 2.08% | 2.80% | 1.94% | 0.63% | 0.19% | 0.83% | 1.22% | 1.11% | 0.95% | 0.94% | 0.95% |
Drawdowns
FKNIX vs. DFSMX - Drawdown Comparison
The maximum FKNIX drawdown since its inception was -12.69%, which is greater than DFSMX's maximum drawdown of -2.66%. Use the drawdown chart below to compare losses from any high point for FKNIX and DFSMX.
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Drawdown Indicators
| FKNIX | DFSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -2.66% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -0.39% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.69% | -1.67% | -11.02% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -1.69% | -11.00% |
Current DrawdownCurrent decline from peak | -2.35% | -0.06% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.24% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.10% | +0.77% |
Volatility
FKNIX vs. DFSMX - Volatility Comparison
Franklin New York Intermediate Tax-Free Income Fund (FKNIX) has a higher volatility of 0.85% compared to DFA Short Term Municipal Bond Portfolio (DFSMX) at 0.11%. This indicates that FKNIX's price experiences larger fluctuations and is considered to be riskier than DFSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKNIX | DFSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.11% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.37% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 0.68% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.13% | 0.78% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 0.77% | +2.75% |