FRCOX vs. FDRR
Compare and contrast key facts about Franklin Colorado Tax Free Income Fund (FRCOX) and Fidelity Dividend ETF for Rising Rates (FDRR).
FRCOX is managed by Franklin Templeton. It was launched on Aug 31, 1987. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016.
Performance
FRCOX vs. FDRR - Performance Comparison
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FRCOX vs. FDRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRCOX Franklin Colorado Tax Free Income Fund | -0.80% | 4.72% | 3.21% | 5.98% | -10.92% | 1.60% | 4.97% | 7.07% | 1.02% | 2.48% |
FDRR Fidelity Dividend ETF for Rising Rates | -3.06% | 21.70% | 20.24% | 13.66% | -9.73% | 26.06% | 8.23% | 26.86% | -3.60% | 19.29% |
Returns By Period
In the year-to-date period, FRCOX achieves a -0.80% return, which is significantly higher than FDRR's -3.06% return.
FRCOX
- 1D
- 0.19%
- 1M
- -2.53%
- YTD
- -0.80%
- 6M
- 1.18%
- 1Y
- 3.72%
- 3Y*
- 3.49%
- 5Y*
- 0.69%
- 10Y*
- 1.80%
FDRR
- 1D
- 2.44%
- 1M
- -4.38%
- YTD
- -3.06%
- 6M
- 1.46%
- 1Y
- 20.64%
- 3Y*
- 16.11%
- 5Y*
- 10.65%
- 10Y*
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FRCOX vs. FDRR - Expense Ratio Comparison
FRCOX has a 0.70% expense ratio, which is higher than FDRR's 0.29% expense ratio.
Return for Risk
FRCOX vs. FDRR — Risk / Return Rank
FRCOX
FDRR
FRCOX vs. FDRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Colorado Tax Free Income Fund (FRCOX) and Fidelity Dividend ETF for Rising Rates (FDRR). 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.
| FRCOX | FDRR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 1.20 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.79 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.70 | -0.78 |
Martin ratioReturn relative to average drawdown | 2.72 | 7.89 | -5.17 |
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
| FRCOX | FDRR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.20 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.71 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.74 | +0.38 |
Correlation
The correlation between FRCOX and FDRR is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FRCOX vs. FDRR - Dividend Comparison
FRCOX's dividend yield for the trailing twelve months is around 3.34%, more than FDRR's 2.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRCOX Franklin Colorado Tax Free Income Fund | 3.34% | 4.33% | 3.73% | 2.66% | 2.74% | 2.17% | 2.52% | 3.57% | 3.30% | 3.16% | 3.80% | 3.85% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.38% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% |
Drawdowns
FRCOX vs. FDRR - Drawdown Comparison
The maximum FRCOX drawdown since its inception was -15.80%, smaller than the maximum FDRR drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FRCOX and FDRR.
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Drawdown Indicators
| FRCOX | FDRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.80% | -36.52% | +20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -12.55% | +7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.64% | -20.92% | +5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -15.64% | — | — |
Current DrawdownCurrent decline from peak | -2.53% | -6.20% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -4.06% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.70% | -0.91% |
Volatility
FRCOX vs. FDRR - Volatility Comparison
The current volatility for Franklin Colorado Tax Free Income Fund (FRCOX) is 1.08%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 4.74%. This indicates that FRCOX experiences smaller price fluctuations and is considered to be less risky than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRCOX | FDRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 4.74% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 8.60% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 17.25% | -11.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.17% | 14.98% | -10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 16.96% | -12.96% |