FKTFX vs. MAMTX
Compare and contrast key facts about Franklin California Tax Free Income Fund (FKTFX) and Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX).
FKTFX is managed by Franklin Templeton. It was launched on Jan 30, 1977. MAMTX is managed by BlackRock. It was launched on Oct 30, 1988.
Performance
FKTFX vs. MAMTX - Performance Comparison
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FKTFX vs. MAMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKTFX Franklin California Tax Free Income Fund | -0.88% | 4.38% | 2.78% | 6.25% | -10.31% | 1.80% | 5.29% | 9.73% | 0.31% | 6.08% |
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | -0.66% | 3.97% | 3.90% | 4.89% | -12.11% | 5.84% | 0.58% | 6.81% | 1.27% | 8.05% |
Returns By Period
In the year-to-date period, FKTFX achieves a -0.88% return, which is significantly lower than MAMTX's -0.66% return. Over the past 10 years, FKTFX has outperformed MAMTX with an annualized return of 2.29%, while MAMTX has yielded a comparatively lower 2.03% annualized return.
FKTFX
- 1D
- 0.15%
- 1M
- -3.05%
- YTD
- -0.88%
- 6M
- 0.98%
- 1Y
- 3.28%
- 3Y*
- 3.34%
- 5Y*
- 0.80%
- 10Y*
- 2.29%
MAMTX
- 1D
- 0.20%
- 1M
- -2.66%
- YTD
- -0.66%
- 6M
- 0.03%
- 1Y
- 2.68%
- 3Y*
- 3.35%
- 5Y*
- 0.44%
- 10Y*
- 2.03%
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FKTFX vs. MAMTX - Expense Ratio Comparison
FKTFX has a 0.62% expense ratio, which is higher than MAMTX's 0.55% expense ratio.
Return for Risk
FKTFX vs. MAMTX — Risk / Return Rank
FKTFX
MAMTX
FKTFX vs. MAMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin California Tax Free Income Fund (FKTFX) and Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX). 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.
| FKTFX | MAMTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.61 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.06 | 0.84 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.68 | +0.18 |
Martin ratioReturn relative to average drawdown | 2.45 | 1.95 | +0.50 |
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
| FKTFX | MAMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.61 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.09 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.42 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.18 | -0.56 |
Correlation
The correlation between FKTFX and MAMTX is 0.62, 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
FKTFX vs. MAMTX - Dividend Comparison
FKTFX's dividend yield for the trailing twelve months is around 3.82%, less than MAMTX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTFX Franklin California Tax Free Income Fund | 3.82% | 4.96% | 4.22% | 3.20% | 3.29% | 2.68% | 2.91% | 3.85% | 3.58% | 3.58% | 3.65% | 3.93% |
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 3.91% | 5.00% | 4.23% | 2.70% | 1.96% | 2.00% | 2.39% | 2.83% | 4.74% | 2.89% | 3.91% | 2.84% |
Drawdowns
FKTFX vs. MAMTX - Drawdown Comparison
The maximum FKTFX drawdown since its inception was -31.16%, which is greater than MAMTX's maximum drawdown of -16.83%. Use the drawdown chart below to compare losses from any high point for FKTFX and MAMTX.
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Drawdown Indicators
| FKTFX | MAMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.16% | -16.83% | -14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -5.70% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -16.83% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -16.21% | -16.83% | +0.62% |
Current DrawdownCurrent decline from peak | -3.05% | -2.66% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -2.06% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.97% | -0.12% |
Volatility
FKTFX vs. MAMTX - Volatility Comparison
Franklin California Tax Free Income Fund (FKTFX) has a higher volatility of 1.21% compared to Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) at 1.11%. This indicates that FKTFX's price experiences larger fluctuations and is considered to be riskier than MAMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKTFX | MAMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.11% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 1.85% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 6.23% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 4.74% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.82% | -0.08% |