FKTIX vs. ECHMX
Compare and contrast key facts about Franklin Federal Tax Free Income Fund (FKTIX) and Eaton Vance National Municipal Income Fund (ECHMX).
FKTIX is managed by Franklin Templeton. It was launched on Oct 6, 1983. ECHMX is managed by Eaton Vance. It was launched on Dec 2, 1993.
Performance
FKTIX vs. ECHMX - Performance Comparison
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FKTIX vs. ECHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | -0.78% | 4.84% | 3.44% | 6.72% | -11.67% | 2.51% | 5.64% | 7.41% | 0.61% | 3.61% |
ECHMX Eaton Vance National Municipal Income Fund | -0.61% | 2.64% | 1.45% | 6.36% | -10.60% | 0.70% | 5.01% | 7.51% | 1.02% | 3.90% |
Returns By Period
In the year-to-date period, FKTIX achieves a -0.78% return, which is significantly lower than ECHMX's -0.61% return. Over the past 10 years, FKTIX has outperformed ECHMX with an annualized return of 2.00%, while ECHMX has yielded a comparatively lower 1.59% annualized return.
FKTIX
- 1D
- 0.19%
- 1M
- -2.92%
- YTD
- -0.78%
- 6M
- 1.02%
- 1Y
- 3.81%
- 3Y*
- 3.70%
- 5Y*
- 0.86%
- 10Y*
- 2.00%
ECHMX
- 1D
- 0.22%
- 1M
- -2.70%
- YTD
- -0.61%
- 6M
- 0.81%
- 1Y
- 2.75%
- 3Y*
- 2.29%
- 5Y*
- -0.07%
- 10Y*
- 1.59%
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FKTIX vs. ECHMX - Expense Ratio Comparison
FKTIX has a 0.64% expense ratio, which is lower than ECHMX's 1.39% expense ratio.
Return for Risk
FKTIX vs. ECHMX — Risk / Return Rank
FKTIX
ECHMX
FKTIX vs. ECHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and Eaton Vance National Municipal Income Fund (ECHMX). 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 | ECHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.62 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.09 | 0.86 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.70 | +0.18 |
Martin ratioReturn relative to average drawdown | 2.79 | 1.87 | +0.92 |
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 | ECHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.62 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.01 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.37 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.62 | +0.50 |
Correlation
The correlation between FKTIX and ECHMX is 0.73, 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. ECHMX - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.81%, more than ECHMX's 3.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | 3.81% | 4.92% | 3.94% | 3.15% | 3.23% | 2.64% | 2.88% | 3.81% | 3.77% | 3.80% | 3.86% | 3.78% |
ECHMX Eaton Vance National Municipal Income Fund | 3.03% | 3.76% | 3.29% | 2.41% | 2.27% | 1.38% | 1.92% | 2.76% | 2.86% | 2.90% | 3.07% | 3.14% |
Drawdowns
FKTIX vs. ECHMX - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -18.53%, smaller than the maximum ECHMX drawdown of -40.96%. Use the drawdown chart below to compare losses from any high point for FKTIX and ECHMX.
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Drawdown Indicators
| FKTIX | ECHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -40.96% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -5.46% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -16.32% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -17.09% | -16.32% | -0.77% |
Current DrawdownCurrent decline from peak | -2.92% | -2.70% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -3.95% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.05% | -0.25% |
Volatility
FKTIX vs. ECHMX - Volatility Comparison
Franklin Federal Tax Free Income Fund (FKTIX) and Eaton Vance National Municipal Income Fund (ECHMX) have volatilities of 1.22% and 1.25%, 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.
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Volatility by Period
| FKTIX | ECHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.25% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 1.90% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 5.64% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 4.56% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 4.33% | -0.08% |