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 Investments. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRCOX or FDRR.
Key characteristics
| FRCOX | FDRR | |
|---|---|---|
| YTD Return | 3.39% | 16.49% |
| 1Y Return | 9.23% | 24.81% |
| 3Y Return (Ann) | -0.59% | 9.00% |
| 5Y Return (Ann) | 0.98% | 12.37% |
| Sharpe Ratio | 2.21 | 2.12 |
| Daily Std Dev | 4.13% | 11.78% |
| Max Drawdown | -15.64% | -36.52% |
| Current Drawdown | -2.46% | -1.13% |
Correlation
The correlation between FRCOX and FDRR is 0.00, 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.
Performance
FRCOX vs. FDRR - Performance Comparison
In the year-to-date period, FRCOX achieves a 3.39% return, which is significantly lower than FDRR's 16.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FRCOX vs. FDRR - Risk-Adjusted Performance 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.
Dividends
FRCOX vs. FDRR - Dividend Comparison
FRCOX's dividend yield for the trailing twelve months is around 3.05%, more than FDRR's 1.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRCOX Franklin Colorado Tax Free Income Fund | 3.05% | 2.90% | 2.74% | 2.17% | 2.51% | 3.10% | 3.30% | 3.46% | 3.83% | 3.86% | 3.93% | 3.97% |
FDRR Fidelity Dividend ETF for Rising Rates | 1.72% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% | 0.00% | 0.00% |
Drawdowns
FRCOX vs. FDRR - Drawdown Comparison
The maximum FRCOX drawdown since its inception was -15.64%, 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. For additional features, visit the drawdowns tool.
Volatility
FRCOX vs. FDRR - Volatility Comparison
The current volatility for Franklin Colorado Tax Free Income Fund (FRCOX) is 0.46%, while Fidelity Dividend ETF for Rising Rates (FDRR) has a volatility of 3.97%. 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.