FRHIX vs. FKGRX
Compare and contrast key facts about Franklin High Yield Tax Free Income Fund (FRHIX) and Franklin Growth Fund (FKGRX).
FRHIX is managed by Franklin Templeton. It was launched on Mar 17, 1986. FKGRX is managed by Franklin Templeton. It was launched on Apr 1, 1948.
Performance
FRHIX vs. FKGRX - Performance Comparison
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FRHIX vs. FKGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRHIX Franklin High Yield Tax Free Income Fund | -0.18% | 5.33% | 7.28% | 6.01% | -13.96% | 4.89% | 5.87% | 8.35% | 1.96% | 3.40% |
FKGRX Franklin Growth Fund | -5.57% | 15.38% | 17.96% | 27.54% | -25.32% | 21.61% | 30.71% | 32.08% | -3.37% | 26.31% |
Returns By Period
In the year-to-date period, FRHIX achieves a -0.18% return, which is significantly higher than FKGRX's -5.57% return. Over the past 10 years, FRHIX has underperformed FKGRX with an annualized return of 2.61%, while FKGRX has yielded a comparatively higher 12.88% annualized return.
FRHIX
- 1D
- 0.34%
- 1M
- -2.22%
- YTD
- -0.18%
- 6M
- 1.71%
- 1Y
- 4.02%
- 3Y*
- 5.36%
- 5Y*
- 1.39%
- 10Y*
- 2.61%
FKGRX
- 1D
- 3.23%
- 1M
- -5.71%
- YTD
- -5.57%
- 6M
- -4.46%
- 1Y
- 15.13%
- 3Y*
- 14.51%
- 5Y*
- 7.54%
- 10Y*
- 12.88%
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FRHIX vs. FKGRX - Expense Ratio Comparison
FRHIX has a 0.65% expense ratio, which is lower than FKGRX's 0.79% expense ratio.
Return for Risk
FRHIX vs. FKGRX — Risk / Return Rank
FRHIX
FKGRX
FRHIX vs. FKGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Yield Tax Free Income Fund (FRHIX) and Franklin Growth Fund (FKGRX). 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.
| FRHIX | FKGRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.83 | -0.11 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.34 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.39 | -0.56 |
Martin ratioReturn relative to average drawdown | 2.63 | 5.21 | -2.59 |
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
| FRHIX | FKGRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.83 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.39 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.66 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.69 | +0.57 |
Correlation
The correlation between FRHIX and FKGRX is -0.01. 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
FRHIX vs. FKGRX - Dividend Comparison
FRHIX's dividend yield for the trailing twelve months is around 4.70%, less than FKGRX's 15.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRHIX Franklin High Yield Tax Free Income Fund | 4.70% | 5.79% | 5.32% | 4.16% | 4.27% | 3.61% | 3.83% | 4.99% | 4.46% | 4.06% | 4.42% | 4.27% |
FKGRX Franklin Growth Fund | 15.22% | 14.37% | 8.34% | 6.26% | 10.49% | 9.19% | 7.97% | 5.75% | 1.65% | 2.38% | 3.26% | 3.88% |
Drawdowns
FRHIX vs. FKGRX - Drawdown Comparison
The maximum FRHIX drawdown since its inception was -21.54%, smaller than the maximum FKGRX drawdown of -51.08%. Use the drawdown chart below to compare losses from any high point for FRHIX and FKGRX.
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Drawdown Indicators
| FRHIX | FKGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.54% | -51.08% | +29.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.03% | -11.48% | +5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.01% | -32.22% | +13.21% |
Max Drawdown (10Y)Largest decline over 10 years | -19.01% | -32.52% | +13.51% |
Current DrawdownCurrent decline from peak | -2.65% | -8.62% | +5.97% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -6.76% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 3.05% | -1.15% |
Volatility
FRHIX vs. FKGRX - Volatility Comparison
The current volatility for Franklin High Yield Tax Free Income Fund (FRHIX) is 1.29%, while Franklin Growth Fund (FKGRX) has a volatility of 5.85%. This indicates that FRHIX experiences smaller price fluctuations and is considered to be less risky than FKGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRHIX | FKGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 5.85% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 10.49% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 18.91% | -12.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 19.62% | -14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 19.50% | -14.86% |