FRALX vs. MELI

In the year-to-date period, FRALX achieves a -2.22% return, which is significantly lower than MELI's 49.70% return. Over the past 10 years, FRALX has underperformed MELI with an annualized return of 1.37%, while MELI has yielded a comparatively higher 33.43% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Franklin Alabama Tax Free Income Fund (FRALX) and MercadoLibre, Inc. (MELI). 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.

The current FRALX Sharpe Ratio is 0.19, which is lower than the MELI Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of FRALX and MELI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FRALX's dividend yield for the trailing twelve months is around 2.89%, while MELI has not paid dividends to shareholders.

The maximum FRALX drawdown since its inception was -15.98%, smaller than the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for FRALX and MELI.

The current volatility for Franklin Alabama Tax Free Income Fund (FRALX) is 1.01%, while MercadoLibre, Inc. (MELI) has a volatility of 9.07%. This indicates that FRALX experiences smaller price fluctuations and is considered to be less risky than MELI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.