FXCTX vs. FXAIX
Compare and contrast key facts about Franklin Connecticut Tax-Free Income Fund (FXCTX) and Fidelity 500 Index Fund (FXAIX).
FXCTX is managed by Franklin Templeton Investments. It was launched on Oct 2, 1988. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXCTX or FXAIX.
Correlation
The correlation between FXCTX and FXAIX is -0.09. 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
FXCTX vs. FXAIX - Performance Comparison
Key characteristics
FXCTX:
0.74
FXAIX:
1.87
FXCTX:
1.00
FXAIX:
2.52
FXCTX:
1.15
FXAIX:
1.34
FXCTX:
0.41
FXAIX:
2.83
FXCTX:
2.28
FXAIX:
11.72
FXCTX:
1.36%
FXAIX:
2.04%
FXCTX:
4.17%
FXAIX:
12.76%
FXCTX:
-16.50%
FXAIX:
-33.79%
FXCTX:
-3.67%
FXAIX:
-0.42%
Returns By Period
In the year-to-date period, FXCTX achieves a 0.25% return, which is significantly lower than FXAIX's 4.19% return. Over the past 10 years, FXCTX has underperformed FXAIX with an annualized return of 1.22%, while FXAIX has yielded a comparatively higher 13.09% annualized return.
FXCTX
0.25%
0.81%
0.75%
2.99%
0.07%
1.22%
FXAIX
4.19%
1.25%
10.54%
24.46%
14.70%
13.09%
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FXCTX vs. FXAIX - Expense Ratio Comparison
FXCTX has a 0.76% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FXCTX vs. FXAIX — Risk-Adjusted Performance Rank
FXCTX
FXAIX
FXCTX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Connecticut Tax-Free Income Fund (FXCTX) and Fidelity 500 Index Fund (FXAIX). 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
FXCTX vs. FXAIX - Dividend Comparison
FXCTX's dividend yield for the trailing twelve months is around 2.83%, more than FXAIX's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXCTX Franklin Connecticut Tax-Free Income Fund | 2.83% | 2.81% | 2.77% | 2.53% | 2.22% | 2.74% | 3.20% | 3.26% | 3.41% | 3.51% | 3.71% | 3.77% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% |
Drawdowns
FXCTX vs. FXAIX - Drawdown Comparison
The maximum FXCTX drawdown since its inception was -16.50%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FXCTX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FXCTX vs. FXAIX - Volatility Comparison
The current volatility for Franklin Connecticut Tax-Free Income Fund (FXCTX) is 1.26%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.00%. This indicates that FXCTX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.