FKTIX vs. FRHIX
Compare and contrast key facts about Franklin Federal Tax Free Income Fund (FKTIX) and Franklin High Yield Tax Free Income Fund (FRHIX).
FKTIX is managed by Franklin Templeton Investments. It was launched on Oct 6, 1983. FRHIX is managed by Franklin Templeton. It was launched on Mar 17, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTIX or FRHIX.
Correlation
The correlation between FKTIX and FRHIX is -0.01. 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. FRHIX - Performance Comparison
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Key characteristics
FKTIX:
0.10
FRHIX:
0.37
FKTIX:
0.15
FRHIX:
0.51
FKTIX:
1.03
FRHIX:
1.09
FKTIX:
0.07
FRHIX:
0.30
FKTIX:
0.28
FRHIX:
1.26
FKTIX:
1.86%
FRHIX:
1.87%
FKTIX:
6.24%
FRHIX:
6.48%
FKTIX:
-17.07%
FRHIX:
-21.18%
FKTIX:
-4.88%
FRHIX:
-4.61%
Returns By Period
The year-to-date returns for both investments are quite close, with FKTIX having a -2.09% return and FRHIX slightly higher at -2.04%. Over the past 10 years, FKTIX has underperformed FRHIX with an annualized return of 1.78%, while FRHIX has yielded a comparatively higher 2.36% annualized return.
FKTIX
-2.09%
2.04%
-2.23%
0.61%
0.83%
1.78%
FRHIX
-2.04%
2.00%
-2.05%
2.36%
1.97%
2.36%
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FKTIX vs. FRHIX - Expense Ratio Comparison
FKTIX has a 0.64% expense ratio, which is lower than FRHIX's 0.65% expense ratio.
Risk-Adjusted Performance
FKTIX vs. FRHIX — Risk-Adjusted Performance Rank
FKTIX
FRHIX
FKTIX vs. FRHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and Franklin High Yield Tax Free Income Fund (FRHIX). 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. FRHIX - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.76%, less than FRHIX's 4.69% 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% |
FRHIX Franklin High Yield Tax Free Income Fund | 4.69% | 4.51% | 4.54% | 4.27% | 3.63% | 3.84% | 4.36% | 4.46% | 4.46% | 4.42% | 4.23% | 4.45% |
Drawdowns
FKTIX vs. FRHIX - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -17.07%, smaller than the maximum FRHIX drawdown of -21.18%. Use the drawdown chart below to compare losses from any high point for FKTIX and FRHIX. For additional features, visit the drawdowns tool.
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Volatility
FKTIX vs. FRHIX - Volatility Comparison
Franklin Federal Tax Free Income Fund (FKTIX) and Franklin High Yield Tax Free Income Fund (FRHIX) have volatilities of 1.62% and 1.60%, 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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