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.
Key characteristics
| FKTFX | VCITX | |
|---|---|---|
| YTD Return | 3.33% | 3.01% |
| 1Y Return | 9.55% | 9.54% |
| 3Y Return (Ann) | -0.32% | -0.01% |
| 5Y Return (Ann) | 1.37% | 1.62% |
| 10Y Return (Ann) | 2.82% | 2.96% |
| Sharpe Ratio | 2.23 | 2.11 |
| Daily Std Dev | 4.29% | 4.43% |
| Max Drawdown | -16.23% | -19.43% |
| Current Drawdown | -1.74% | -0.61% |
Correlation
The correlation between FKTFX and VCITX is 0.72, 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
In the year-to-date period, FKTFX achieves a 3.33% return, which is significantly higher than VCITX's 3.01% return. Both investments have delivered pretty close results over the past 10 years, with FKTFX having a 2.82% annualized return and VCITX not far ahead at 2.96%. 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. 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 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 3.55%, more than VCITX's 3.17% 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% |
VCITX Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 3.17% | 2.99% | 2.66% | 2.95% | 3.21% | 2.93% | 3.32% | 3.22% | 3.45% | 3.53% | 3.64% | 4.00% |
Drawdowns
FKTFX vs. VCITX - Drawdown Comparison
The maximum FKTFX drawdown since its inception was -16.23%, 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
Franklin California Tax Free Income Fund (FKTFX) and Vanguard California Long-Term Tax-Exempt Fund Investor Shares (VCITX) have volatilities of 0.50% and 0.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.