FKTIX vs. BIAEX
Compare and contrast key facts about Franklin Federal Tax Free Income Fund (FKTIX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
FKTIX is managed by Franklin Templeton Investments. It was launched on Oct 6, 1983. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTIX or BIAEX.
Correlation
The correlation between FKTIX and BIAEX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FKTIX vs. BIAEX - Performance Comparison
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Key characteristics
FKTIX:
0.05
BIAEX:
0.39
FKTIX:
0.13
BIAEX:
0.55
FKTIX:
1.02
BIAEX:
1.09
FKTIX:
0.05
BIAEX:
0.39
FKTIX:
0.22
BIAEX:
1.37
FKTIX:
1.87%
BIAEX:
1.30%
FKTIX:
6.25%
BIAEX:
4.57%
FKTIX:
-17.07%
BIAEX:
-13.22%
FKTIX:
-5.06%
BIAEX:
-2.24%
Returns By Period
In the year-to-date period, FKTIX achieves a -2.28% return, which is significantly lower than BIAEX's -0.68% return. Over the past 10 years, FKTIX has underperformed BIAEX with an annualized return of 1.76%, while BIAEX has yielded a comparatively higher 2.24% annualized return.
FKTIX
-2.28%
0.96%
-2.50%
0.33%
0.76%
1.76%
BIAEX
-0.68%
1.22%
-0.57%
1.77%
1.84%
2.24%
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FKTIX vs. BIAEX - Expense Ratio Comparison
FKTIX has a 0.64% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Risk-Adjusted Performance
FKTIX vs. BIAEX — Risk-Adjusted Performance Rank
FKTIX
BIAEX
FKTIX vs. BIAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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.
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Dividends
FKTIX vs. BIAEX - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.76%, less than BIAEX's 4.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | 3.76% | 3.64% | 3.43% | 3.24% | 2.64% | 2.88% | 3.34% | 3.82% | 3.84% | 3.89% | 3.81% | 3.84% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 4.00% | 4.00% | 3.81% | 3.01% | 2.54% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Drawdowns
FKTIX vs. BIAEX - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -17.07%, which is greater than BIAEX's maximum drawdown of -13.22%. Use the drawdown chart below to compare losses from any high point for FKTIX and BIAEX. For additional features, visit the drawdowns tool.
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Volatility
FKTIX vs. BIAEX - Volatility Comparison
Franklin Federal Tax Free Income Fund (FKTIX) has a higher volatility of 1.43% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 1.11%. This indicates that FKTIX's price experiences larger fluctuations and is considered to be riskier than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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