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FKTIX vs. PYPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FKTIX and PYPY is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

FKTIX vs. PYPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Federal Tax Free Income Fund (FKTIX) and Yieldmax PYPL Option Income Strategy ETF (PYPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FKTIX:

0.10

PYPY:

0.53

Sortino Ratio

FKTIX:

0.15

PYPY:

0.85

Omega Ratio

FKTIX:

1.03

PYPY:

1.12

Calmar Ratio

FKTIX:

0.07

PYPY:

0.47

Martin Ratio

FKTIX:

0.28

PYPY:

1.28

Ulcer Index

FKTIX:

1.84%

PYPY:

11.89%

Daily Std Dev

FKTIX:

6.26%

PYPY:

30.31%

Max Drawdown

FKTIX:

-17.07%

PYPY:

-32.33%

Current Drawdown

FKTIX:

-4.88%

PYPY:

-17.36%

Returns By Period

In the year-to-date period, FKTIX achieves a -2.09% return, which is significantly higher than PYPY's -12.89% return.


FKTIX

YTD

-2.09%

1M

2.04%

6M

-2.23%

1Y

0.61%

5Y*

0.87%

10Y*

1.78%

PYPY

YTD

-12.89%

1M

13.70%

6M

-12.79%

1Y

15.98%

5Y*

N/A

10Y*

N/A

*Annualized

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FKTIX vs. PYPY - Expense Ratio Comparison

FKTIX has a 0.64% expense ratio, which is lower than PYPY's 1.01% expense ratio.


Risk-Adjusted Performance

FKTIX vs. PYPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FKTIX
The Risk-Adjusted Performance Rank of FKTIX is 2222
Overall Rank
The Sharpe Ratio Rank of FKTIX is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of FKTIX is 1919
Sortino Ratio Rank
The Omega Ratio Rank of FKTIX is 2020
Omega Ratio Rank
The Calmar Ratio Rank of FKTIX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of FKTIX is 2424
Martin Ratio Rank

PYPY
The Risk-Adjusted Performance Rank of PYPY is 4949
Overall Rank
The Sharpe Ratio Rank of PYPY is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of PYPY is 5050
Sortino Ratio Rank
The Omega Ratio Rank of PYPY is 5252
Omega Ratio Rank
The Calmar Ratio Rank of PYPY is 5252
Calmar Ratio Rank
The Martin Ratio Rank of PYPY is 4040
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FKTIX vs. PYPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and Yieldmax PYPL Option Income Strategy ETF (PYPY). 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.


The current FKTIX Sharpe Ratio is 0.10, which is lower than the PYPY Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of FKTIX and PYPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FKTIX vs. PYPY - Dividend Comparison

FKTIX's dividend yield for the trailing twelve months is around 3.44%, less than PYPY's 58.31% yield.


TTM20242023202220212020201920182017201620152014
FKTIX
Franklin Federal Tax Free Income Fund
3.44%3.64%3.43%3.24%2.64%2.88%3.34%3.82%3.84%3.89%3.81%3.84%
PYPY
Yieldmax PYPL Option Income Strategy ETF
58.31%48.64%5.70%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FKTIX vs. PYPY - Drawdown Comparison

The maximum FKTIX drawdown since its inception was -17.07%, smaller than the maximum PYPY drawdown of -32.33%. Use the drawdown chart below to compare losses from any high point for FKTIX and PYPY. For additional features, visit the drawdowns tool.


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Volatility

FKTIX vs. PYPY - Volatility Comparison

The current volatility for Franklin Federal Tax Free Income Fund (FKTIX) is 2.37%, while Yieldmax PYPL Option Income Strategy ETF (PYPY) has a volatility of 6.50%. This indicates that FKTIX experiences smaller price fluctuations and is considered to be less risky than PYPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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