FKTIX vs. PYPY
Compare and contrast key facts about Franklin Federal Tax Free Income Fund (FKTIX) and Yieldmax PYPL Option Income Strategy ETF (PYPY).
FKTIX is managed by Franklin Templeton Investments. It was launched on Oct 6, 1983. PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTIX or PYPY.
Key characteristics
| FKTIX | PYPY | |
|---|---|---|
| YTD Return | 3.27% | 43.26% |
| 1Y Return | 10.20% | 58.82% |
| Sharpe Ratio | 2.64 | 2.25 |
| Sortino Ratio | 4.07 | 2.78 |
| Omega Ratio | 1.65 | 1.41 |
| Calmar Ratio | 0.87 | 3.95 |
| Martin Ratio | 13.00 | 11.17 |
| Ulcer Index | 0.78% | 5.20% |
| Daily Std Dev | 3.86% | 25.79% |
| Max Drawdown | -17.07% | -14.70% |
| Current Drawdown | -2.71% | -0.31% |
Correlation
The correlation between FKTIX and PYPY is 0.04, 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
In the year-to-date period, FKTIX achieves a 3.27% return, which is significantly lower than PYPY's 43.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
FKTIX vs. PYPY - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.62%, less than PYPY's 42.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKTIX Franklin Federal Tax Free Income Fund | 3.62% | 3.43% | 3.24% | 2.64% | 2.88% | 3.34% | 3.82% | 3.84% | 3.89% | 3.81% | 3.84% | 4.12% |
PYPY Yieldmax PYPL Option Income Strategy ETF | 42.35% | 5.70% | 0.00% | 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%, which is greater than PYPY's maximum drawdown of -14.70%. Use the drawdown chart below to compare losses from any high point for FKTIX and PYPY. For additional features, visit the drawdowns tool.
Volatility
FKTIX vs. PYPY - Volatility Comparison
The current volatility for Franklin Federal Tax Free Income Fund (FKTIX) is 1.91%, while Yieldmax PYPL Option Income Strategy ETF (PYPY) has a volatility of 6.93%. 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.