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 Investments. It was launched on Aug 31, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRALX or MELI.
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.
Performance
FRALX vs. MELI - Performance Comparison
Key characteristics
FRALX:
0.34
MELI:
0.42
FRALX:
0.48
MELI:
0.80
FRALX:
1.07
MELI:
1.11
FRALX:
0.18
MELI:
0.50
FRALX:
1.07
MELI:
1.37
FRALX:
1.26%
MELI:
11.50%
FRALX:
3.91%
MELI:
37.96%
FRALX:
-15.97%
MELI:
-89.49%
FRALX:
-4.74%
MELI:
-5.76%
Returns By Period
In the year-to-date period, FRALX achieves a -0.69% return, which is significantly lower than MELI's 18.61% return. Over the past 10 years, FRALX has underperformed MELI with an annualized return of 1.49%, while MELI has yielded a comparatively higher 31.77% annualized return.
FRALX
-0.69%
0.70%
-1.00%
1.64%
0.24%
1.49%
MELI
18.61%
15.91%
6.23%
18.20%
22.47%
31.77%
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Risk-Adjusted Performance
FRALX vs. MELI — Risk-Adjusted Performance Rank
FRALX
MELI
FRALX vs. MELI - Risk-Adjusted Performance 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.
Dividends
FRALX vs. MELI - Dividend Comparison
FRALX's dividend yield for the trailing twelve months is around 2.54%, while MELI has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRALX Franklin Alabama Tax Free Income Fund | 2.54% | 2.73% | 2.52% | 2.46% | 2.13% | 2.63% | 3.03% | 3.11% | 3.32% | 3.43% | 3.83% | 3.82% |
MELI MercadoLibre, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.38% | 0.36% | 0.52% |
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. For additional features, visit the drawdowns tool.
Volatility
FRALX vs. MELI - Volatility Comparison
The current volatility for Franklin Alabama Tax Free Income Fund (FRALX) is 1.33%, while MercadoLibre, Inc. (MELI) has a volatility of 7.37%. 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.