FKUTX vs. GBAB
FKUTX (Franklin Utilities Fund) is Utilities Equities fund managed by Franklin Templeton, while GBAB (Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust) is a stock. Over the past 10 years, FKUTX returned 9.55%/yr vs 2.94%/yr for GBAB. At a 0.18 correlation, their price movements are largely independent.
Performance
FKUTX vs. GBAB - Performance Comparison
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Returns By Period
In the year-to-date period, FKUTX achieves a 7.60% return, which is significantly higher than GBAB's -0.59% return. Over the past 10 years, FKUTX has outperformed GBAB with an annualized return of 9.55%, while GBAB has yielded a comparatively lower 2.94% annualized return.
FKUTX
- 1D
- 0.59%
- 1M
- -1.65%
- YTD
- 7.60%
- 6M
- 8.10%
- 1Y
- 16.66%
- 3Y*
- 15.16%
- 5Y*
- 11.46%
- 10Y*
- 9.55%
GBAB
- 1D
- -0.84%
- 1M
- 2.27%
- YTD
- -0.59%
- 6M
- -1.12%
- 1Y
- 5.76%
- 3Y*
- 5.40%
- 5Y*
- -2.38%
- 10Y*
- 2.94%
FKUTX vs. GBAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKUTX Franklin Utilities Fund | 7.60% | 14.59% | 27.18% | -4.91% | 1.67% | 18.00% | -1.87% | 27.28% | 2.54% | 9.58% |
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | -0.59% | 8.38% | 2.86% | 8.57% | -25.10% | -0.92% | 14.69% | 15.16% | 3.50% | 13.55% |
Correlation
The correlation between FKUTX and GBAB is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010 | 0.18 |
The correlation between FKUTX and GBAB shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FKUTX vs. GBAB — Risk / Return Rank
FKUTX
GBAB
FKUTX vs. GBAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Utilities Fund (FKUTX) and Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FKUTX | GBAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.10 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.58 | +1.53 |
| Martin ratioReturn relative to average drawdown | 5.09 | 1.65 | +3.44 |
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Drawdowns
FKUTX vs. GBAB - Drawdown Comparison
The maximum FKUTX drawdown since its inception was -43.59%, which is greater than GBAB's maximum drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for FKUTX and GBAB.
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Drawdown Indicators
| FKUTX | GBAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.59% | -35.81% | -7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -9.98% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.29% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.53% | -35.81% | +13.28% |
Max Drawdown (10Y)Largest decline over 10 years | -36.56% | -35.81% | -0.75% |
Current DrawdownCurrent decline from peak | -4.90% | -13.94% | +9.04% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -8.30% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.50% | -0.15% |
Volatility
FKUTX vs. GBAB - Volatility Comparison
Franklin Utilities Fund (FKUTX) has a higher volatility of 5.09% compared to Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) at 1.57%. This indicates that FKUTX's price experiences larger fluctuations and is considered to be riskier than GBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKUTX | GBAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.57% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 8.53% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 11.32% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 14.63% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 14.97% | +3.88% |
Dividends
FKUTX vs. GBAB - Dividend Comparison
FKUTX's dividend yield for the trailing twelve months is around 7.19%, less than GBAB's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKUTX Franklin Utilities Fund | 7.19% | 7.70% | 8.66% | 6.47% | 3.73% | 4.96% | 9.88% | 4.29% | 5.83% | 3.55% | 2.76% | 6.14% |
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 10.71% | 10.11% | 9.93% | 9.32% | 9.22% | 6.36% | 5.92% | 6.37% | 6.88% | 6.64% | 7.51% | 7.78% |
Frequently Asked Questions
FKUTX and GBAB have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FKUTX has higher volatility (5.09%) compared to GBAB (1.57%). In terms of maximum drawdown, FKUTX dropped -43.59% vs GBAB's -35.81%.
FKUTX currently has the higher Sharpe Ratio (1.21 vs 0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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