FKTFX vs. VCITX
Compare and contrast key facts about Franklin California Tax Free Income Fund (FKTFX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX).
FKTFX is managed by Franklin Templeton Investments. It was launched on Jan 30, 1977. VCITX is managed by Vanguard. It was launched on Apr 7, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTFX or VCITX.
Correlation
The correlation between FKTFX and VCITX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FKTFX vs. VCITX - Performance Comparison
Key characteristics
FKTFX:
0.79
VCITX:
0.77
FKTFX:
1.08
VCITX:
1.06
FKTFX:
1.16
VCITX:
1.16
FKTFX:
0.44
VCITX:
0.49
FKTFX:
2.33
VCITX:
2.34
FKTFX:
1.25%
VCITX:
1.25%
FKTFX:
3.71%
VCITX:
3.83%
FKTFX:
-16.22%
VCITX:
-19.43%
FKTFX:
-2.56%
VCITX:
-1.74%
Returns By Period
In the year-to-date period, FKTFX achieves a 0.33% return, which is significantly lower than VCITX's 0.36% return. Over the past 10 years, FKTFX has underperformed VCITX with an annualized return of 2.36%, while VCITX has yielded a comparatively higher 2.49% annualized return.
FKTFX
0.33%
0.77%
0.22%
2.92%
0.42%
2.36%
VCITX
0.36%
0.80%
0.62%
3.01%
0.54%
2.49%
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FKTFX vs. VCITX - Expense Ratio Comparison
FKTFX has a 0.62% expense ratio, which is higher than VCITX's 0.17% expense ratio.
Risk-Adjusted Performance
FKTFX vs. VCITX — Risk-Adjusted Performance Rank
FKTFX
VCITX
FKTFX vs. VCITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin California Tax Free Income Fund (FKTFX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX). 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. VCITX - Dividend Comparison
FKTFX's dividend yield for the trailing twelve months is around 3.62%, more than VCITX's 3.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTFX Franklin California Tax Free Income Fund | 3.62% | 3.59% | 3.50% | 3.31% | 2.66% | 2.92% | 3.37% | 3.64% | 3.60% | 3.70% | 3.98% | 4.15% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.32% | 3.30% | 2.99% | 2.66% | 2.34% | 2.56% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% |
Drawdowns
FKTFX vs. VCITX - Drawdown Comparison
The maximum FKTFX drawdown since its inception was -16.22%, smaller than the maximum VCITX drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for FKTFX and VCITX. For additional features, visit the drawdowns tool.
Volatility
FKTFX vs. VCITX - Volatility Comparison
The current volatility for Franklin California Tax Free Income Fund (FKTFX) is 1.07%, while Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) has a volatility of 1.15%. This indicates that FKTFX experiences smaller price fluctuations and is considered to be less risky than VCITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.