FKTIX vs. AGG
Compare and contrast key facts about Franklin Federal Tax Free Income Fund (FKTIX) and iShares Core U.S. Aggregate Bond ETF (AGG).
FKTIX is managed by Franklin Templeton. It was launched on Oct 6, 1983. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Performance
FKTIX vs. AGG - Performance Comparison
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FKTIX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | -0.50% | 4.84% | 3.44% | 6.72% | -11.67% | 2.51% | 5.64% | 7.41% | 0.61% | 3.61% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.09% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Returns By Period
In the year-to-date period, FKTIX achieves a -0.50% return, which is significantly lower than AGG's 0.09% return. Over the past 10 years, FKTIX has outperformed AGG with an annualized return of 2.03%, while AGG has yielded a comparatively lower 1.66% annualized return.
FKTIX
- 1D
- 0.28%
- 1M
- -2.29%
- YTD
- -0.50%
- 6M
- 1.21%
- 1Y
- 3.61%
- 3Y*
- 3.79%
- 5Y*
- 0.90%
- 10Y*
- 2.03%
AGG
- 1D
- 0.07%
- 1M
- -1.33%
- YTD
- 0.09%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.62%
- 5Y*
- 0.24%
- 10Y*
- 1.66%
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FKTIX vs. AGG - Expense Ratio Comparison
FKTIX has a 0.64% expense ratio, which is higher than AGG's 0.03% expense ratio.
Return for Risk
FKTIX vs. AGG — Risk / Return Rank
FKTIX
AGG
FKTIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| FKTIX | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.93 | -0.23 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.32 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.76 | -0.89 |
Martin ratioReturn relative to average drawdown | 2.73 | 4.89 | -2.16 |
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
| FKTIX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.93 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.04 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.31 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.60 | +0.52 |
Correlation
The correlation between FKTIX and AGG is 0.50, 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
FKTIX vs. AGG - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.80%, less than AGG's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | 3.80% | 4.92% | 3.94% | 3.15% | 3.23% | 2.64% | 2.88% | 3.81% | 3.77% | 3.80% | 3.86% | 3.78% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
FKTIX vs. AGG - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -18.53%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FKTIX and AGG.
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Drawdown Indicators
| FKTIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -18.43% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -2.52% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -17.82% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | -18.43% | +1.34% |
Current DrawdownCurrent decline from peak | -2.65% | -2.30% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -2.71% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 0.91% | +0.90% |
Volatility
FKTIX vs. AGG - Volatility Comparison
The current volatility for Franklin Federal Tax Free Income Fund (FKTIX) is 1.26%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.67%. This indicates that FKTIX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKTIX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.67% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 2.55% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 4.37% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 6.07% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 5.39% | -1.14% |