FKTIX vs. DIS
FKTIX (Franklin Federal Tax Free Income Fund) is Municipal Bonds fund managed by Franklin Templeton, while DIS (The Walt Disney Company) is a stock. Over the past 10 years, FKTIX returned 2.07%/yr vs 1.20%/yr for DIS. At a correlation of -0.01, they often move in opposite directions.
Performance
FKTIX vs. DIS - Performance Comparison
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Returns By Period
In the year-to-date period, FKTIX achieves a 2.29% return, which is significantly higher than DIS's -13.82% return. Over the past 10 years, FKTIX has outperformed DIS with an annualized return of 2.07%, while DIS has yielded a comparatively lower 1.20% annualized return.
FKTIX
- 1D
- 0.18%
- 1M
- 1.45%
- YTD
- 2.29%
- 6M
- 2.82%
- 1Y
- 8.11%
- 3Y*
- 4.66%
- 5Y*
- 1.06%
- 10Y*
- 2.07%
DIS
- 1D
- -3.04%
- 1M
- -5.06%
- YTD
- -13.82%
- 6M
- -14.35%
- 1Y
- -17.34%
- 3Y*
- 4.20%
- 5Y*
- -10.86%
- 10Y*
- 1.20%
FKTIX vs. DIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | 2.29% | 4.84% | 3.44% | 6.72% | -11.67% | 2.51% | 5.64% | 7.41% | 0.61% | 3.61% |
DIS The Walt Disney Company | -13.82% | 3.30% | 24.44% | 4.26% | -43.91% | -14.51% | 25.27% | 33.51% | 3.61% | 4.76% |
Correlation
The correlation between FKTIX and DIS is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 1983 | -0.01 |
The correlation between FKTIX and DIS shifts across timeframes, from -0.01 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FKTIX vs. DIS — Risk / Return Rank
FKTIX
DIS
FKTIX vs. DIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and The Walt Disney Company (DIS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FKTIX | DIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.89 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.70 | +3.29 |
| Martin ratioReturn relative to average drawdown | 9.10 | -1.35 | +10.45 |
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Drawdowns
FKTIX vs. DIS - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -18.53%, smaller than the maximum DIS drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for FKTIX and DIS.
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Drawdown Indicators
| FKTIX | DIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -85.66% | +67.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -24.97% | +21.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.99% | -32.86% | +25.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -57.33% | +40.24% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | -60.72% | +43.63% |
Current DrawdownCurrent decline from peak | 0.00% | -50.30% | +50.30% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -26.79% | +24.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 12.85% | -11.97% |
Volatility
FKTIX vs. DIS - Volatility Comparison
The current volatility for Franklin Federal Tax Free Income Fund (FKTIX) is 0.87%, while The Walt Disney Company (DIS) has a volatility of 6.85%. This indicates that FKTIX experiences smaller price fluctuations and is considered to be less risky than DIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKTIX | DIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 6.85% | -5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 19.74% | -17.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 24.65% | -21.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 29.42% | -24.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 28.80% | -24.52% |
Dividends
FKTIX vs. DIS - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.78%, more than DIS's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIS The Walt Disney Company | 0.76% | 1.10% | 0.85% | 0.33% | 0.00% | 0.00% | 0.00% | 1.22% | 1.57% | 1.51% | 1.43% | 1.30% |
FKTIX Franklin Federal Tax Free Income Fund | 3.78% | 4.92% | 3.94% | 3.15% | 3.23% | 2.64% | 2.88% | 3.81% | 3.77% | 3.80% | 3.86% | 3.78% |
Frequently Asked Questions
FKTIX and DIS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIS has higher volatility (6.85%) compared to FKTIX (0.87%). In terms of maximum drawdown, FKTIX dropped -18.53% vs DIS's -85.66%.
FKTIX currently has the higher Sharpe Ratio (2.52 vs -0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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