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 Investments. It was launched on Jan 30, 1977. MAMTX is managed by Blackrock. It was launched on Oct 30, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTFX or MAMTX.
Key characteristics
| FKTFX | MAMTX | |
|---|---|---|
| YTD Return | 3.33% | 4.64% |
| 1Y Return | 9.55% | 10.30% |
| 3Y Return (Ann) | -0.32% | -0.58% |
| 5Y Return (Ann) | 1.39% | 0.85% |
| 10Y Return (Ann) | 2.82% | 2.39% |
| Sharpe Ratio | 2.19 | 2.30 |
| Daily Std Dev | 4.30% | 4.47% |
| Max Drawdown | -16.23% | -16.76% |
| Current Drawdown | -1.74% | -2.79% |
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.
Performance
FKTFX vs. MAMTX - Performance Comparison
In the year-to-date period, FKTFX achieves a 3.33% return, which is significantly lower than MAMTX's 4.64% return. Over the past 10 years, FKTFX has outperformed MAMTX with an annualized return of 2.82%, while MAMTX has yielded a comparatively lower 2.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FKTFX vs. MAMTX - Risk-Adjusted Performance 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.
Dividends
FKTFX vs. MAMTX - Dividend Comparison
FKTFX's dividend yield for the trailing twelve months is around 3.55%, more than MAMTX's 3.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTFX Franklin California Tax Free Income Fund | 3.55% | 3.53% | 3.28% | 2.68% | 2.91% | 3.35% | 3.58% | 3.58% | 3.65% | 3.93% | 4.13% | 4.55% |
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 3.36% | 2.96% | 2.63% | 1.98% | 2.38% | 1.54% | 4.74% | 2.89% | 3.91% | 2.85% | 3.04% | 3.88% |
Drawdowns
FKTFX vs. MAMTX - Drawdown Comparison
The maximum FKTFX drawdown since its inception was -16.23%, roughly equal to the maximum MAMTX drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for FKTFX and MAMTX. For additional features, visit the drawdowns tool.
Volatility
FKTFX vs. MAMTX - Volatility Comparison
Franklin California Tax Free Income Fund (FKTFX) has a higher volatility of 0.50% compared to Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) at 0.38%. 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.