FRIAX vs. FKITX
Compare and contrast key facts about Franklin Income Fund Advisor Class (FRIAX) and Franklin Federal Intermediate-Term Tax-Free Income Fund (FKITX).
FRIAX is managed by Franklin Templeton. It was launched on Aug 28, 1997. FKITX is managed by Franklin Templeton. It was launched on Sep 20, 1992.
Performance
FRIAX vs. FKITX - Performance Comparison
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FRIAX vs. FKITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 3.03% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
FKITX Franklin Federal Intermediate-Term Tax-Free Income Fund | -0.24% | 5.85% | 3.13% | 5.38% | -8.00% | 0.79% | 4.32% | 5.26% | 0.69% | 3.21% |
Returns By Period
In the year-to-date period, FRIAX achieves a 3.03% return, which is significantly higher than FKITX's -0.24% return. Over the past 10 years, FRIAX has outperformed FKITX with an annualized return of 7.81%, while FKITX has yielded a comparatively lower 1.77% annualized return.
FRIAX
- 1D
- 0.80%
- 1M
- -1.57%
- YTD
- 3.03%
- 6M
- 5.15%
- 1Y
- 12.76%
- 3Y*
- 9.45%
- 5Y*
- 6.79%
- 10Y*
- 7.81%
FKITX
- 1D
- 0.27%
- 1M
- -2.08%
- YTD
- -0.24%
- 6M
- 1.09%
- 1Y
- 4.39%
- 3Y*
- 3.88%
- 5Y*
- 1.35%
- 10Y*
- 1.77%
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FRIAX vs. FKITX - Expense Ratio Comparison
FRIAX has a 0.46% expense ratio, which is lower than FKITX's 0.56% expense ratio.
Return for Risk
FRIAX vs. FKITX — Risk / Return Rank
FRIAX
FKITX
FRIAX vs. FKITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Fund Advisor Class (FRIAX) and Franklin Federal Intermediate-Term Tax-Free Income Fund (FKITX). 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.
| FRIAX | FKITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.21 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.63 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.41 | +0.67 |
Martin ratioReturn relative to average drawdown | 10.22 | 5.44 | +4.77 |
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
| FRIAX | FKITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.21 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.41 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.54 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.15 | -0.36 |
Correlation
The correlation between FRIAX and FKITX is -0.02. 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
FRIAX vs. FKITX - Dividend Comparison
FRIAX's dividend yield for the trailing twelve months is around 5.26%, more than FKITX's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 5.26% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
FKITX Franklin Federal Intermediate-Term Tax-Free Income Fund | 3.38% | 4.29% | 3.52% | 2.49% | 2.30% | 2.10% | 2.24% | 3.03% | 2.68% | 2.34% | 2.54% | 2.50% |
Drawdowns
FRIAX vs. FKITX - Drawdown Comparison
The maximum FRIAX drawdown since its inception was -43.23%, which is greater than FKITX's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for FRIAX and FKITX.
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Drawdown Indicators
| FRIAX | FKITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -12.77% | -30.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -3.90% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -13.63% | -12.77% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | -12.77% | -11.33% |
Current DrawdownCurrent decline from peak | -1.89% | -2.33% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -1.58% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.01% | +0.29% |
Volatility
FRIAX vs. FKITX - Volatility Comparison
Franklin Income Fund Advisor Class (FRIAX) has a higher volatility of 2.29% compared to Franklin Federal Intermediate-Term Tax-Free Income Fund (FKITX) at 1.03%. This indicates that FRIAX's price experiences larger fluctuations and is considered to be riskier than FKITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIAX | FKITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 1.03% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 1.59% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.57% | 4.02% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 3.29% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.34% | 3.27% | +6.07% |