FNYTX vs. EMO
Compare and contrast key facts about Franklin New York Tax Free Income Fund (FNYTX) and ClearBridge Energy Midstream Opportunity Fund (EMO).
FNYTX is managed by Franklin Templeton. It was launched on Sep 12, 1982. EMO is an actively managed fund by Franklin Templeton. It was launched on Jun 10, 2011.
Performance
FNYTX vs. EMO - Performance Comparison
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FNYTX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNYTX Franklin New York Tax Free Income Fund | -0.76% | 3.90% | 2.47% | 6.93% | -12.00% | 1.85% | 4.75% | 7.56% | 0.43% | 2.45% |
EMO ClearBridge Energy Midstream Opportunity Fund | 20.88% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Returns By Period
In the year-to-date period, FNYTX achieves a -0.76% return, which is significantly lower than EMO's 20.88% return. Over the past 10 years, FNYTX has underperformed EMO with an annualized return of 1.57%, while EMO has yielded a comparatively higher 9.52% annualized return.
FNYTX
- 1D
- 0.21%
- 1M
- -2.90%
- YTD
- -0.76%
- 6M
- 0.84%
- 1Y
- 3.50%
- 3Y*
- 3.05%
- 5Y*
- 0.43%
- 10Y*
- 1.57%
EMO
- 1D
- -0.92%
- 1M
- 2.78%
- YTD
- 20.88%
- 6M
- 23.15%
- 1Y
- 19.30%
- 3Y*
- 34.99%
- 5Y*
- 33.19%
- 10Y*
- 9.52%
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FNYTX vs. EMO - Expense Ratio Comparison
FNYTX has a 0.66% expense ratio, which is lower than EMO's 13.90% expense ratio.
Return for Risk
FNYTX vs. EMO — Risk / Return Rank
FNYTX
EMO
FNYTX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New York Tax Free Income Fund (FNYTX) and ClearBridge Energy Midstream Opportunity Fund (EMO). 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.
| FNYTX | EMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.91 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.28 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.07 | -0.24 |
Martin ratioReturn relative to average drawdown | 2.32 | 3.23 | -0.91 |
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
| FNYTX | EMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.91 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 1.25 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.23 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.12 | +0.88 |
Correlation
The correlation between FNYTX and EMO is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FNYTX vs. EMO - Dividend Comparison
FNYTX's dividend yield for the trailing twelve months is around 3.53%, less than EMO's 8.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNYTX Franklin New York Tax Free Income Fund | 3.53% | 4.57% | 3.85% | 2.78% | 2.84% | 2.45% | 2.64% | 3.41% | 3.38% | 3.43% | 3.63% | 3.60% |
EMO ClearBridge Energy Midstream Opportunity Fund | 8.11% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
Drawdowns
FNYTX vs. EMO - Drawdown Comparison
The maximum FNYTX drawdown since its inception was -18.90%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for FNYTX and EMO.
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Drawdown Indicators
| FNYTX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -95.06% | +76.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -18.81% | +13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.45% | -28.59% | +11.14% |
Max Drawdown (10Y)Largest decline over 10 years | -17.45% | -93.02% | +75.57% |
Current DrawdownCurrent decline from peak | -2.90% | -2.55% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -32.27% | +29.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 6.22% | -4.23% |
Volatility
FNYTX vs. EMO - Volatility Comparison
The current volatility for Franklin New York Tax Free Income Fund (FNYTX) is 1.27%, while ClearBridge Energy Midstream Opportunity Fund (EMO) has a volatility of 4.63%. This indicates that FNYTX experiences smaller price fluctuations and is considered to be less risky than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNYTX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 4.63% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 11.12% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 21.39% | -15.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 26.78% | -22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.38% | 41.41% | -37.03% |