FKTIX vs. VWAHX
Compare and contrast key facts about Franklin Federal Tax Free Income Fund (FKTIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
FKTIX is managed by Franklin Templeton Investments. It was launched on Oct 6, 1983. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKTIX or VWAHX.
Correlation
The correlation between FKTIX and VWAHX is 0.01, 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. VWAHX - Performance Comparison
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Key characteristics
FKTIX:
0.10
VWAHX:
0.14
FKTIX:
0.15
VWAHX:
0.22
FKTIX:
1.03
VWAHX:
1.04
FKTIX:
0.07
VWAHX:
0.13
FKTIX:
0.28
VWAHX:
0.45
FKTIX:
1.86%
VWAHX:
1.91%
FKTIX:
6.24%
VWAHX:
6.23%
FKTIX:
-17.07%
VWAHX:
-17.32%
FKTIX:
-4.88%
VWAHX:
-3.68%
Returns By Period
In the year-to-date period, FKTIX achieves a -2.09% return, which is significantly lower than VWAHX's -1.73% return. Over the past 10 years, FKTIX has underperformed VWAHX with an annualized return of 1.78%, while VWAHX has yielded a comparatively higher 2.92% annualized return.
FKTIX
-2.09%
2.04%
-2.23%
0.61%
0.83%
1.78%
VWAHX
-1.73%
2.22%
-1.75%
0.86%
2.08%
2.92%
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FKTIX vs. VWAHX - Expense Ratio Comparison
FKTIX has a 0.64% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
FKTIX vs. VWAHX — Risk-Adjusted Performance Rank
FKTIX
VWAHX
FKTIX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Federal Tax Free Income Fund (FKTIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
FKTIX's dividend yield for the trailing twelve months is around 3.76%, less than VWAHX's 3.92% 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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.92% | 3.74% | 3.51% | 3.36% | 3.47% | 3.32% | 3.67% | 3.77% | 3.67% | 3.75% | 3.69% | 3.78% |
Drawdowns
FKTIX vs. VWAHX - Drawdown Comparison
The maximum FKTIX drawdown since its inception was -17.07%, roughly equal to the maximum VWAHX drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for FKTIX and VWAHX. For additional features, visit the drawdowns tool.
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Volatility
FKTIX vs. VWAHX - Volatility Comparison
Franklin Federal Tax Free Income Fund (FKTIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) have volatilities of 1.62% and 1.59%, 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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