FKNIX vs. FKINX
FKNIX (Franklin New York Intermediate Tax-Free Income Fund) and FKINX (Franklin Income Fund Class A1) are both mutual funds - FKNIX is a Municipal Bonds fund managed by Franklin Templeton, while FKINX is a Diversified Portfolio fund managed by Franklin Templeton. Over the past 10 years, FKNIX returned 1.57%/yr vs 7.49%/yr for FKINX. At a 0.02 correlation, their price movements are largely independent. FKNIX charges 0.70%/yr vs 0.62%/yr for FKINX.
Performance
FKNIX vs. FKINX - Performance Comparison
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Returns By Period
In the year-to-date period, FKNIX achieves a 1.25% return, which is significantly lower than FKINX's 4.34% return. Over the past 10 years, FKNIX has underperformed FKINX with an annualized return of 1.57%, while FKINX has yielded a comparatively higher 7.49% annualized return.
FKNIX
- 1D
- 0.00%
- 1M
- 1.17%
- YTD
- 1.25%
- 6M
- 1.60%
- 1Y
- 5.75%
- 3Y*
- 3.66%
- 5Y*
- 0.97%
- 10Y*
- 1.57%
FKINX
- 1D
- 0.00%
- 1M
- -0.34%
- YTD
- 4.34%
- 6M
- 4.34%
- 1Y
- 11.99%
- 3Y*
- 10.00%
- 5Y*
- 6.33%
- 10Y*
- 7.49%
FKNIX vs. FKINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKNIX Franklin New York Intermediate Tax-Free Income Fund | 1.25% | 5.32% | 1.49% | 5.07% | -7.83% | 0.80% | 3.90% | 6.48% | 0.37% | 3.20% |
FKINX Franklin Income Fund Class A1 | 4.34% | 12.24% | 7.12% | 8.65% | -5.29% | 17.21% | 3.57% | 15.75% | -5.54% | 8.43% |
Correlation
The correlation between FKNIX and FKINX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 1992 | 0.02 |
Over the past year, FKNIX and FKINX have become more correlated (0.27) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
FKNIX vs. FKINX — Risk / Return Rank
FKNIX
FKINX
FKNIX vs. FKINX - 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 Franklin Income Fund Class A1 (FKINX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FKNIX | FKINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.47 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.65 | -1.33 |
| Martin ratioReturn relative to average drawdown | 7.71 | 14.63 | -6.93 |
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Drawdowns
FKNIX vs. FKINX - Drawdown Comparison
The maximum FKNIX drawdown since its inception was -12.69%, smaller than the maximum FKINX drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for FKNIX and FKINX.
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Drawdown Indicators
| FKNIX | FKINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -43.18% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -3.43% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.65% | -7.42% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -12.69% | -13.20% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -23.91% | +11.22% |
Current DrawdownCurrent decline from peak | -0.66% | -1.17% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -3.71% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.85% | -0.12% |
Volatility
FKNIX vs. FKINX - Volatility Comparison
The current volatility for Franklin New York Intermediate Tax-Free Income Fund (FKNIX) is 0.55%, while Franklin Income Fund Class A1 (FKINX) has a volatility of 1.65%. This indicates that FKNIX experiences smaller price fluctuations and is considered to be less risky than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKNIX | FKINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 1.65% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 3.86% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 5.55% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.16% | 7.88% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 9.21% | -5.69% |
FKNIX vs. FKINX - Expense Ratio Comparison
FKNIX has a 0.70% expense ratio, which is higher than FKINX's 0.62% expense ratio.
Dividends
FKNIX vs. FKINX - Dividend Comparison
FKNIX's dividend yield for the trailing twelve months is around 2.77%, less than FKINX's 5.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKINX Franklin Income Fund Class A1 | 5.57% | 5.58% | 5.59% | 5.52% | 5.22% | 6.52% | 5.22% | 5.11% | 5.34% | 5.04% | 5.19% | 5.71% |
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% |
Frequently Asked Questions
FKNIX and FKINX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FKINX has higher volatility (1.65%) compared to FKNIX (0.55%). In terms of maximum drawdown, FKNIX dropped -12.69% vs FKINX's -43.18%.
FKNIX currently has the higher Sharpe Ratio (2.66 vs 2.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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