FKNIX vs. SHAPX
Compare and contrast key facts about Franklin New York Intermediate Tax-Free Income Fund (FKNIX) and ClearBridge Appreciation Fund (SHAPX).
FKNIX is managed by Franklin Templeton. It was launched on Sep 20, 1992. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
FKNIX vs. SHAPX - Performance Comparison
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FKNIX vs. SHAPX - 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% |
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, FKNIX achieves a -0.48% return, which is significantly higher than SHAPX's -6.24% return. Over the past 10 years, FKNIX has underperformed SHAPX with an annualized return of 1.56%, while SHAPX has yielded a comparatively higher 11.99% 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%
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
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FKNIX vs. SHAPX - Expense Ratio Comparison
FKNIX has a 0.70% expense ratio, which is lower than SHAPX's 0.93% expense ratio.
Return for Risk
FKNIX vs. SHAPX — Risk / Return Rank
FKNIX
SHAPX
FKNIX vs. SHAPX - 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 ClearBridge Appreciation Fund (SHAPX). 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 | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.72 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.13 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.89 | +0.56 |
Martin ratioReturn relative to average drawdown | 5.86 | 4.11 | +1.75 |
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 | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.72 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.68 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.72 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.77 | +0.39 |
Correlation
The correlation between FKNIX and SHAPX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FKNIX vs. SHAPX - Dividend Comparison
FKNIX's dividend yield for the trailing twelve months is around 2.77%, less than SHAPX's 15.01% 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% |
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
FKNIX vs. SHAPX - Drawdown Comparison
The maximum FKNIX drawdown since its inception was -12.69%, smaller than the maximum SHAPX drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for FKNIX and SHAPX.
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Drawdown Indicators
| FKNIX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -46.19% | +33.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -10.57% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -12.69% | -20.53% | +7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -32.21% | +19.52% |
Current DrawdownCurrent decline from peak | -2.35% | -8.74% | +6.39% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -4.79% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.29% | -1.42% |
Volatility
FKNIX vs. SHAPX - Volatility Comparison
The current volatility for Franklin New York Intermediate Tax-Free Income Fund (FKNIX) is 0.85%, while ClearBridge Appreciation Fund (SHAPX) has a volatility of 3.74%. This indicates that FKNIX experiences smaller price fluctuations and is considered to be less risky than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKNIX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 3.74% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 7.86% | -6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 15.90% | -12.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.13% | 14.85% | -11.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 16.70% | -13.18% |