FRHIX vs. FKTIX
Compare and contrast key facts about Franklin High Yield Tax Free Income Fund (FRHIX) and Franklin Federal Tax Free Income Fund (FKTIX).
FRHIX is managed by Franklin Templeton. It was launched on Mar 17, 1986. FKTIX is managed by Franklin Templeton Investments. It was launched on Oct 6, 1983.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRHIX or FKTIX.
Correlation
The correlation between FRHIX and FKTIX 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.
Performance
FRHIX vs. FKTIX - Performance Comparison
Key characteristics
FRHIX:
0.49
FKTIX:
0.22
FRHIX:
0.68
FKTIX:
0.33
FRHIX:
1.12
FKTIX:
1.06
FRHIX:
0.38
FKTIX:
0.18
FRHIX:
1.93
FKTIX:
0.83
FRHIX:
1.66%
FKTIX:
1.66%
FRHIX:
6.49%
FKTIX:
6.25%
FRHIX:
-21.18%
FKTIX:
-17.07%
FRHIX:
-5.16%
FKTIX:
-5.24%
Returns By Period
In the year-to-date period, FRHIX achieves a -2.61% return, which is significantly lower than FKTIX's -2.46% return. Over the past 10 years, FRHIX has outperformed FKTIX with an annualized return of 2.19%, while FKTIX has yielded a comparatively lower 1.64% annualized return.
FRHIX
-2.61%
-2.01%
-2.02%
3.56%
2.03%
2.19%
FKTIX
-2.46%
-1.30%
-2.02%
1.76%
0.98%
1.64%
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FRHIX vs. FKTIX - Expense Ratio Comparison
FRHIX has a 0.65% expense ratio, which is higher than FKTIX's 0.64% expense ratio.
Risk-Adjusted Performance
FRHIX vs. FKTIX — Risk-Adjusted Performance Rank
FRHIX
FKTIX
FRHIX vs. FKTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Yield Tax Free Income Fund (FRHIX) and Franklin Federal Tax Free Income Fund (FKTIX). 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
FRHIX vs. FKTIX - Dividend Comparison
FRHIX's dividend yield for the trailing twelve months is around 4.70%, more than FKTIX's 3.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRHIX Franklin High Yield Tax Free Income Fund | 4.70% | 4.51% | 4.54% | 4.27% | 3.63% | 3.84% | 4.36% | 4.46% | 4.46% | 4.42% | 4.23% | 4.45% |
FKTIX Franklin Federal Tax Free Income Fund | 3.76% | 3.64% | 3.43% | 3.24% | 2.64% | 2.88% | 3.34% | 3.82% | 3.84% | 3.89% | 3.81% | 3.84% |
Drawdowns
FRHIX vs. FKTIX - Drawdown Comparison
The maximum FRHIX drawdown since its inception was -21.18%, which is greater than FKTIX's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for FRHIX and FKTIX. For additional features, visit the drawdowns tool.
Volatility
FRHIX vs. FKTIX - Volatility Comparison
Franklin High Yield Tax Free Income Fund (FRHIX) and Franklin Federal Tax Free Income Fund (FKTIX) have volatilities of 5.10% and 5.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.