FMDTX vs. NMTRX
Compare and contrast key facts about Franklin Maryland Tax Free Income Fund (FMDTX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
FMDTX is managed by Franklin Templeton. It was launched on Oct 2, 1988. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
FMDTX vs. NMTRX - Performance Comparison
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FMDTX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMDTX Franklin Maryland Tax Free Income Fund | -0.36% | 3.71% | 2.69% | 5.85% | -10.07% | 1.68% | 3.54% | 6.88% | 1.21% | 2.59% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, FMDTX achieves a -0.36% return, which is significantly lower than NMTRX's -0.12% return. Over the past 10 years, FMDTX has underperformed NMTRX with an annualized return of 1.62%, while NMTRX has yielded a comparatively higher 2.27% annualized return.
FMDTX
- 1D
- 0.41%
- 1M
- -1.82%
- YTD
- -0.36%
- 6M
- 0.93%
- 1Y
- 3.03%
- 3Y*
- 2.96%
- 5Y*
- 0.67%
- 10Y*
- 1.62%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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FMDTX vs. NMTRX - Expense Ratio Comparison
FMDTX has a 0.72% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
FMDTX vs. NMTRX — Risk / Return Rank
FMDTX
NMTRX
FMDTX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Maryland Tax Free Income Fund (FMDTX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| FMDTX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.84 | -0.23 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.16 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.99 | -0.21 |
Martin ratioReturn relative to average drawdown | 2.28 | 2.89 | -0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMDTX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.84 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.10 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.52 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.97 | +0.21 |
Correlation
The correlation between FMDTX and NMTRX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FMDTX vs. NMTRX - Dividend Comparison
FMDTX's dividend yield for the trailing twelve months is around 3.48%, less than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDTX Franklin Maryland Tax Free Income Fund | 3.48% | 4.51% | 3.87% | 2.88% | 2.72% | 2.29% | 2.73% | 3.51% | 3.14% | 3.02% | 3.68% | 3.62% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
FMDTX vs. NMTRX - Drawdown Comparison
The maximum FMDTX drawdown since its inception was -17.26%, which is greater than NMTRX's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for FMDTX and NMTRX.
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Drawdown Indicators
| FMDTX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -16.36% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -4.75% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -14.97% | -16.36% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -14.97% | -16.36% | +1.39% |
Current DrawdownCurrent decline from peak | -2.12% | -2.25% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -2.93% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.62% | +0.24% |
Volatility
FMDTX vs. NMTRX - Volatility Comparison
Franklin Maryland Tax Free Income Fund (FMDTX) has a higher volatility of 1.22% compared to Nuveen Municipal Total Return Managed Accounts (NMTRX) at 1.07%. This indicates that FMDTX's price experiences larger fluctuations and is considered to be riskier than NMTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMDTX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.07% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.82% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 4.93% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 3.97% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.87% | 4.38% | -0.51% |