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. It was launched on Oct 6, 1983. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Performance
FKTIX vs. BIAEX - Performance Comparison
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FKTIX vs. BIAEX - 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% |
BIAEX Brown Advisory Tax Exempt Bond Fund | -0.48% | 5.50% | 2.08% | 6.43% | -9.75% | 2.39% | 3.65% | 7.48% | 2.19% | 4.12% |
Returns By Period
The year-to-date returns for both investments are quite close, with FKTIX having a -0.50% return and BIAEX slightly higher at -0.48%. Both investments have delivered pretty close results over the past 10 years, with FKTIX having a 2.03% annualized return and BIAEX not far behind at 1.97%.
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%
BIAEX
- 1D
- 0.21%
- 1M
- -2.20%
- YTD
- -0.48%
- 6M
- 1.23%
- 1Y
- 4.68%
- 3Y*
- 3.61%
- 5Y*
- 1.01%
- 10Y*
- 1.97%
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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.
Return for Risk
FKTIX vs. BIAEX — Risk / Return Rank
FKTIX
BIAEX
FKTIX vs. BIAEX - Risk-Adjusted Trends 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.
| FKTIX | BIAEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.24 | -0.54 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.68 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.41 | -0.54 |
Martin ratioReturn relative to average drawdown | 2.73 | 5.19 | -2.46 |
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 | BIAEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.24 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.30 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.55 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.48 | +0.64 |
Correlation
The correlation between FKTIX and BIAEX is 0.81, 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.
Dividends
FKTIX vs. BIAEX - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.80%, more than BIAEX's 3.48% 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% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.48% | 3.79% | 3.67% | 3.15% | 2.00% | 2.57% | 2.75% | 3.01% | 3.27% | 2.30% | 0.00% | 0.00% |
Drawdowns
FKTIX vs. BIAEX - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -18.53%, which is greater than BIAEX's maximum drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for FKTIX and BIAEX.
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Drawdown Indicators
| FKTIX | BIAEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -13.89% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -3.97% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -13.89% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | -13.89% | -3.20% |
Current DrawdownCurrent decline from peak | -2.65% | -2.51% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -2.85% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.08% | +0.73% |
Volatility
FKTIX vs. BIAEX - Volatility Comparison
Franklin Federal Tax Free Income Fund (FKTIX) has a higher volatility of 1.26% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 1.01%. 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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Volatility by Period
| FKTIX | BIAEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.01% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 1.66% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 4.09% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 3.37% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 3.58% | +0.67% |