FRALX vs. MELI
Compare and contrast key facts about Franklin Alabama Tax Free Income Fund (FRALX) and MercadoLibre, Inc. (MELI).
FRALX is managed by Franklin Templeton. It was launched on Aug 31, 1987.
Performance
FRALX vs. MELI - Performance Comparison
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FRALX vs. MELI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRALX Franklin Alabama Tax Free Income Fund | -0.59% | 4.16% | 2.04% | 6.14% | -10.72% | 2.14% | 4.73% | 6.70% | 0.56% | 2.69% |
MELI MercadoLibre, Inc. | -14.66% | 18.46% | 8.20% | 85.71% | -37.24% | -19.51% | 192.90% | 95.30% | -6.93% | 101.99% |
Returns By Period
In the year-to-date period, FRALX achieves a -0.59% return, which is significantly higher than MELI's -14.66% return. Over the past 10 years, FRALX has underperformed MELI with an annualized return of 1.71%, while MELI has yielded a comparatively higher 30.50% annualized return.
FRALX
- 1D
- 0.30%
- 1M
- -2.24%
- YTD
- -0.59%
- 6M
- 0.87%
- 1Y
- 3.32%
- 3Y*
- 2.89%
- 5Y*
- 0.53%
- 10Y*
- 1.71%
MELI
- 1D
- -0.58%
- 1M
- -3.27%
- YTD
- -14.66%
- 6M
- -21.04%
- 1Y
- -10.24%
- 3Y*
- 9.26%
- 5Y*
- 2.62%
- 10Y*
- 30.50%
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Return for Risk
FRALX vs. MELI — Risk / Return Rank
FRALX
MELI
FRALX vs. MELI - Risk-Adjusted Trends Comparison
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.
| FRALX | MELI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | -0.26 | +1.02 |
Sortino ratioReturn per unit of downside risk | 1.01 | -0.11 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.31 | +1.18 |
Martin ratioReturn relative to average drawdown | 2.57 | -0.68 | +3.24 |
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
| FRALX | MELI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | -0.26 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.05 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.63 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.46 | +0.67 |
Correlation
The correlation between FRALX and MELI is -0.05. 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
FRALX vs. MELI - Dividend Comparison
FRALX's dividend yield for the trailing twelve months is around 3.04%, while MELI has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRALX Franklin Alabama Tax Free Income Fund | 3.04% | 3.91% | 3.21% | 2.32% | 2.48% | 2.12% | 2.64% | 3.26% | 3.13% | 3.02% | 3.47% | 3.79% |
MELI MercadoLibre, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.38% | 0.36% |
Drawdowns
FRALX vs. MELI - Drawdown Comparison
The maximum FRALX drawdown since its inception was -15.97%, 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.
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Drawdown Indicators
| FRALX | MELI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.97% | -89.49% | +73.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -38.80% | +33.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.97% | -68.64% | +52.67% |
Max Drawdown (10Y)Largest decline over 10 years | -15.97% | -69.12% | +53.15% |
Current DrawdownCurrent decline from peak | -2.52% | -34.23% | +31.71% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -23.48% | +21.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 17.58% | -15.86% |
Volatility
FRALX vs. MELI - Volatility Comparison
The current volatility for Franklin Alabama Tax Free Income Fund (FRALX) is 1.16%, while MercadoLibre, Inc. (MELI) has a volatility of 11.74%. 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.
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Volatility by Period
| FRALX | MELI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 11.74% | -10.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 31.17% | -29.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 38.97% | -33.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 49.47% | -45.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 48.61% | -44.68% |