FXCTX vs. LSMSX
Compare and contrast key facts about Franklin Connecticut Tax-Free Income Fund (FXCTX) and Western Asset SMASh Series TF Fund (LSMSX).
FXCTX is managed by Franklin Templeton. It was launched on Oct 2, 1988. LSMSX is managed by Franklin Templeton. It was launched on Dec 22, 2015.
Performance
FXCTX vs. LSMSX - Performance Comparison
Loading graphics...
FXCTX vs. LSMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXCTX Franklin Connecticut Tax-Free Income Fund | -0.84% | 4.67% | 2.44% | 6.36% | -11.42% | 1.54% | 4.03% | 5.64% | 0.89% | 1.56% |
LSMSX Western Asset SMASh Series TF Fund | -0.27% | 3.22% | 2.22% | 7.96% | -10.03% | 4.11% | 4.48% | 8.16% | 0.46% | 4.92% |
Returns By Period
In the year-to-date period, FXCTX achieves a -0.84% return, which is significantly lower than LSMSX's -0.27% return.
FXCTX
- 1D
- 0.11%
- 1M
- -2.91%
- YTD
- -0.84%
- 6M
- 1.23%
- 1Y
- 4.06%
- 3Y*
- 3.21%
- 5Y*
- 0.41%
- 10Y*
- 1.30%
LSMSX
- 1D
- 0.21%
- 1M
- -2.62%
- YTD
- -0.27%
- 6M
- 1.22%
- 1Y
- 3.63%
- 3Y*
- 3.26%
- 5Y*
- 1.12%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FXCTX vs. LSMSX - Expense Ratio Comparison
FXCTX has a 0.76% expense ratio, which is higher than LSMSX's 0.01% expense ratio.
Return for Risk
FXCTX vs. LSMSX — Risk / Return Rank
FXCTX
LSMSX
FXCTX vs. LSMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Connecticut Tax-Free Income Fund (FXCTX) and Western Asset SMASh Series TF Fund (LSMSX). 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.
| FXCTX | LSMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.67 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.12 | 0.89 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.71 | +0.21 |
Martin ratioReturn relative to average drawdown | 2.91 | 1.98 | +0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FXCTX | LSMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.67 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.25 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.58 | +0.53 |
Correlation
The correlation between FXCTX and LSMSX is 0.79, 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
FXCTX vs. LSMSX - Dividend Comparison
FXCTX's dividend yield for the trailing twelve months is around 2.95%, less than LSMSX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXCTX Franklin Connecticut Tax-Free Income Fund | 2.95% | 3.81% | 3.29% | 2.53% | 2.53% | 2.21% | 2.75% | 3.69% | 3.26% | 3.11% | 3.23% | 3.69% |
LSMSX Western Asset SMASh Series TF Fund | 3.97% | 3.83% | 4.30% | 3.37% | 2.38% | 2.73% | 2.33% | 2.55% | 2.34% | 0.90% | 0.00% | 0.00% |
Drawdowns
FXCTX vs. LSMSX - Drawdown Comparison
The maximum FXCTX drawdown since its inception was -16.49%, which is greater than LSMSX's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for FXCTX and LSMSX.
Loading graphics...
Drawdown Indicators
| FXCTX | LSMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -15.00% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -6.21% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -15.00% | -1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -16.49% | — | — |
Current DrawdownCurrent decline from peak | -2.91% | -2.62% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -2.88% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.21% | -0.40% |
Volatility
FXCTX vs. LSMSX - Volatility Comparison
Franklin Connecticut Tax-Free Income Fund (FXCTX) has a higher volatility of 1.18% compared to Western Asset SMASh Series TF Fund (LSMSX) at 1.10%. This indicates that FXCTX's price experiences larger fluctuations and is considered to be riskier than LSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FXCTX | LSMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.10% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 1.60% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 5.78% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 4.44% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 4.52% | -0.44% |