FRMOX vs. FMOTX
Compare and contrast key facts about Franklin Missouri Tax Free Income Fund (FRMOX) and Nuveen Missouri Municipal Bond Fund (FMOTX).
FRMOX is managed by Franklin Templeton. It was launched on Aug 31, 1987. FMOTX is managed by Nuveen. It was launched on Aug 2, 1987.
Performance
FRMOX vs. FMOTX - Performance Comparison
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FRMOX vs. FMOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRMOX Franklin Missouri Tax Free Income Fund | -0.19% | 4.59% | 3.23% | 5.63% | -11.35% | 1.76% | 4.63% | 7.04% | 1.47% | 1.86% |
FMOTX Nuveen Missouri Municipal Bond Fund | 0.12% | 3.09% | 2.02% | 6.20% | -8.88% | 2.15% | 4.33% | 7.53% | 1.13% | 5.12% |
Returns By Period
In the year-to-date period, FRMOX achieves a -0.19% return, which is significantly lower than FMOTX's 0.12% return. Over the past 10 years, FRMOX has underperformed FMOTX with an annualized return of 1.74%, while FMOTX has yielded a comparatively higher 2.11% annualized return.
FRMOX
- 1D
- 0.29%
- 1M
- -1.72%
- YTD
- -0.19%
- 6M
- 1.70%
- 1Y
- 3.72%
- 3Y*
- 3.56%
- 5Y*
- 0.57%
- 10Y*
- 1.74%
FMOTX
- 1D
- 0.59%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 1.80%
- 1Y
- 3.52%
- 3Y*
- 2.97%
- 5Y*
- 0.84%
- 10Y*
- 2.11%
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FRMOX vs. FMOTX - Expense Ratio Comparison
FRMOX has a 0.67% expense ratio, which is lower than FMOTX's 0.75% expense ratio.
Return for Risk
FRMOX vs. FMOTX — Risk / Return Rank
FRMOX
FMOTX
FRMOX vs. FMOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Missouri Tax Free Income Fund (FRMOX) and Nuveen Missouri Municipal Bond Fund (FMOTX). 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.
| FRMOX | FMOTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.80 | -0.09 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.09 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.95 | -0.11 |
Martin ratioReturn relative to average drawdown | 2.44 | 2.75 | -0.31 |
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
| FRMOX | FMOTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.80 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.21 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.53 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.17 | -0.01 |
Correlation
The correlation between FRMOX and FMOTX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FRMOX vs. FMOTX - Dividend Comparison
FRMOX's dividend yield for the trailing twelve months is around 3.61%, more than FMOTX's 3.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRMOX Franklin Missouri Tax Free Income Fund | 3.61% | 4.69% | 4.05% | 3.00% | 3.04% | 2.50% | 2.56% | 3.41% | 3.11% | 3.06% | 3.64% | 3.62% |
FMOTX Nuveen Missouri Municipal Bond Fund | 3.54% | 3.47% | 3.44% | 3.16% | 2.84% | 2.39% | 2.74% | 3.43% | 3.35% | 3.29% | 3.56% | 3.64% |
Drawdowns
FRMOX vs. FMOTX - Drawdown Comparison
The maximum FRMOX drawdown since its inception was -16.36%, which is greater than FMOTX's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for FRMOX and FMOTX.
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Drawdown Indicators
| FRMOX | FMOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -14.87% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -4.98% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -14.40% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -14.40% | -1.96% |
Current DrawdownCurrent decline from peak | -2.00% | -1.60% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -1.82% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.72% | +0.33% |
Volatility
FRMOX vs. FMOTX - Volatility Comparison
Franklin Missouri Tax Free Income Fund (FRMOX) has a higher volatility of 1.26% compared to Nuveen Missouri Municipal Bond Fund (FMOTX) at 1.11%. This indicates that FRMOX's price experiences larger fluctuations and is considered to be riskier than FMOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRMOX | FMOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.11% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 1.58% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 4.95% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 4.05% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 3.98% | +0.04% |