FNJZX vs. FRDPX
FNJZX (Franklin NJ Tax Free Income Adv) and FRDPX (Franklin Rising Dividends Fund) are both mutual funds - FNJZX is a Municipal Bonds fund managed by Franklin Templeton, while FRDPX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 10 years, FNJZX returned 1.76%/yr vs 11.20%/yr for FRDPX. Their -0.08 correlation means they have often moved in opposite directions in the past. FNJZX charges 0.58%/yr vs 0.85%/yr for FRDPX.
Performance
FNJZX vs. FRDPX - Performance Comparison
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Returns By Period
In the year-to-date period, FNJZX achieves a 0.58% return, which is significantly lower than FRDPX's 8.25% return. Over the past 10 years, FNJZX has underperformed FRDPX with an annualized return of 1.76%, while FRDPX has yielded a comparatively higher 11.20% annualized return.
FNJZX
- 1D
- -0.29%
- 1M
- -2.02%
- 6M
- -0.09%
- YTD
- 0.58%
- 1Y
- 5.69%
- 3Y*
- 3.69%
- 5Y*
- 0.48%
- 10Y*
- 1.76%
- ALL TIME*
- 2.66%
FRDPX
- 1D
- 1.02%
- 1M
- 1.70%
- 6M
- 7.21%
- YTD
- 8.25%
- 1Y
- 13.57%
- 3Y*
- 11.20%
- 5Y*
- 7.76%
- 10Y*
- 11.20%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNJZX vs. FRDPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNJZX Franklin NJ Tax Free Income Adv | 0.58% | 4.38% | 3.11% | 6.07% | -10.60% | 2.46% | 4.13% | 7.14% | 1.64% | 2.49% |
FRDPX Franklin Rising Dividends Fund | 8.25% | 11.96% | 10.92% | 12.10% | -10.69% | 26.62% | 16.29% | 29.83% | -5.27% | 17.33% |
Correlation
The correlation between FNJZX and FRDPX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2008 | -0.08 |
The correlation between FNJZX and FRDPX shifts across timeframes, from -0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FNJZX vs. FRDPX — Risk / Return Rank
FNJZX
FRDPX
FNJZX vs. FRDPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin NJ Tax Free Income Adv (FNJZX) and Franklin Rising Dividends Fund (FRDPX). 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.
| FNJZX | FRDPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.20 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.66 | +0.83 |
| Martin ratioReturn relative to average drawdown | 8.93 | 6.44 | +2.49 |
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Drawdowns
FNJZX vs. FRDPX - Drawdown Comparison
The maximum FNJZX drawdown since its inception was -15.42%, smaller than the maximum FRDPX drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for FNJZX and FRDPX.
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Drawdown Indicators
| FNJZX | FRDPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -51.57% | +36.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -7.10% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.39% | -18.26% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -21.07% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -15.42% | -34.89% | +19.47% |
Current DrawdownCurrent decline from peak | -2.02% | -0.23% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -5.79% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.83% | -1.09% |
Volatility
FNJZX vs. FRDPX - Volatility Comparison
The current volatility for Franklin NJ Tax Free Income Adv (FNJZX) is 0.99%, while Franklin Rising Dividends Fund (FRDPX) has a volatility of 2.81%. This indicates that FNJZX experiences smaller price fluctuations and is considered to be less risky than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNJZX | FRDPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 2.81% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 7.77% | -5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 10.34% | -7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 15.34% | -11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 17.12% | -13.12% |
FNJZX vs. FRDPX - Expense Ratio Comparison
FNJZX has a 0.58% expense ratio, which is lower than FRDPX's 0.85% expense ratio.
Dividends
FNJZX vs. FRDPX - Dividend Comparison
FNJZX's dividend yield for the trailing twelve months is around 3.08%, less than FRDPX's 9.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNJZX Franklin NJ Tax Free Income Adv | 3.08% | 4.31% | 3.74% | 2.60% | 2.93% | 2.52% | 2.69% | 3.58% | 3.68% | 3.53% | 4.04% | 3.98% |
FRDPX Franklin Rising Dividends Fund | 9.44% | 10.25% | 10.15% | 4.60% | 4.96% | 4.42% | 0.82% | 3.01% | 5.20% | 0.90% | 3.09% | 5.30% |
Frequently Asked Questions
FNJZX and FRDPX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRDPX has higher volatility (2.81%) compared to FNJZX (0.99%). In terms of maximum drawdown, FNJZX dropped -15.42% vs FRDPX's -51.57%.
FNJZX currently has the higher Sharpe Ratio (2.30 vs 1.14), 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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