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 Investments. It was launched on Oct 6, 1983. ECHMX is managed by Eaton Vance. It was launched on Dec 2, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTIX or ECHMX.
Correlation
The correlation between FKTIX and ECHMX is -0.04. 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. ECHMX - Performance Comparison
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Key characteristics
FKTIX:
0.10
ECHMX:
-0.19
FKTIX:
0.15
ECHMX:
-0.23
FKTIX:
1.03
ECHMX:
0.96
FKTIX:
0.07
ECHMX:
-0.14
FKTIX:
0.28
ECHMX:
-0.59
FKTIX:
1.86%
ECHMX:
2.22%
FKTIX:
6.24%
ECHMX:
6.28%
FKTIX:
-17.07%
ECHMX:
-40.94%
FKTIX:
-4.88%
ECHMX:
-6.68%
Returns By Period
In the year-to-date period, FKTIX achieves a -2.09% return, which is significantly higher than ECHMX's -2.52% return. Over the past 10 years, FKTIX has outperformed ECHMX with an annualized return of 1.78%, while ECHMX has yielded a comparatively lower 1.67% annualized return.
FKTIX
-2.09%
2.04%
-2.23%
0.61%
0.83%
1.78%
ECHMX
-2.52%
1.95%
-2.78%
-1.20%
0.18%
1.67%
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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.
Risk-Adjusted Performance
FKTIX vs. ECHMX — Risk-Adjusted Performance Rank
FKTIX
ECHMX
FKTIX vs. ECHMX - Risk-Adjusted Performance 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.
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Dividends
FKTIX vs. ECHMX - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.76%, more than ECHMX's 3.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | 3.76% | 3.64% | 3.44% | 3.22% | 2.64% | 2.88% | 3.30% | 3.77% | 3.80% | 3.86% | 3.78% | 3.85% |
ECHMX Eaton Vance National Municipal Income Fund | 3.11% | 3.03% | 2.90% | 2.26% | 1.38% | 1.92% | 2.39% | 2.86% | 2.92% | 3.08% | 3.13% | 3.61% |
Drawdowns
FKTIX vs. ECHMX - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -17.07%, smaller than the maximum ECHMX drawdown of -40.94%. Use the drawdown chart below to compare losses from any high point for FKTIX and ECHMX. For additional features, visit the drawdowns tool.
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Volatility
FKTIX vs. ECHMX - Volatility Comparison
Franklin Federal Tax Free Income Fund (FKTIX) and Eaton Vance National Municipal Income Fund (ECHMX) have volatilities of 1.62% and 1.62%, 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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