GABEX vs. FAFTX
Compare and contrast key facts about Gabelli Equity Income Fund (GABEX) and Franklin Federal Tax-Free Income Fund Advisor Class (FAFTX).
GABEX is managed by Gabelli. It was launched on Jan 2, 1992. FAFTX is a passively managed fund by Franklin Templeton that tracks the performance of the Bloomberg Municipal Bond Index. It was launched on Mar 20, 2002.
Performance
GABEX vs. FAFTX - Performance Comparison
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GABEX vs. FAFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 0.13% | 4.33% | 6.62% | 8.25% | -5.22% | 23.28% | 7.54% | 75.11% | -11.37% | 15.16% |
FAFTX Franklin Federal Tax-Free Income Fund Advisor Class | -0.77% | 4.88% | 3.98% | 6.80% | -11.57% | 2.62% | 5.74% | 7.44% | 0.79% | 3.71% |
Returns By Period
In the year-to-date period, GABEX achieves a 0.13% return, which is significantly higher than FAFTX's -0.77% return. Over the past 10 years, GABEX has outperformed FAFTX with an annualized return of 11.38%, while FAFTX has yielded a comparatively lower 2.11% annualized return.
GABEX
- 1D
- 2.00%
- 1M
- -7.94%
- YTD
- 0.13%
- 6M
- 2.41%
- 1Y
- 2.04%
- 3Y*
- 5.65%
- 5Y*
- 4.97%
- 10Y*
- 11.38%
FAFTX
- 1D
- 0.19%
- 1M
- -2.92%
- YTD
- -0.77%
- 6M
- 1.06%
- 1Y
- 3.91%
- 3Y*
- 3.91%
- 5Y*
- 1.03%
- 10Y*
- 2.11%
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GABEX vs. FAFTX - Expense Ratio Comparison
GABEX has a 1.42% expense ratio, which is higher than FAFTX's 0.52% expense ratio.
Return for Risk
GABEX vs. FAFTX — Risk / Return Rank
GABEX
FAFTX
GABEX vs. FAFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Equity Income Fund (GABEX) and Franklin Federal Tax-Free Income Fund Advisor Class (FAFTX). 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.
| GABEX | FAFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.81 | -0.67 |
Sortino ratioReturn per unit of downside risk | 0.30 | 1.13 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.91 | -0.81 |
Martin ratioReturn relative to average drawdown | 0.22 | 2.90 | -2.68 |
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
| GABEX | FAFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.81 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.22 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.50 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.00 | -0.40 |
Correlation
The correlation between GABEX and FAFTX is -0.12. 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
GABEX vs. FAFTX - Dividend Comparison
GABEX's dividend yield for the trailing twelve months is around 19.61%, more than FAFTX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABEX Gabelli Equity Income Fund | 19.61% | 20.83% | 33.06% | 23.48% | 20.49% | 19.96% | 32.82% | 65.43% | 31.87% | 17.83% | 16.63% | 7.78% |
FAFTX Franklin Federal Tax-Free Income Fund Advisor Class | 3.91% | 5.05% | 4.37% | 3.23% | 3.34% | 2.74% | 2.97% | 3.92% | 3.86% | 3.90% | 3.63% | 3.88% |
Drawdowns
GABEX vs. FAFTX - Drawdown Comparison
The maximum GABEX drawdown since its inception was -52.25%, which is greater than FAFTX's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for GABEX and FAFTX.
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Drawdown Indicators
| GABEX | FAFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.25% | -17.02% | -35.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -5.65% | -7.46% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -17.02% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -37.27% | -17.02% | -20.25% |
Current DrawdownCurrent decline from peak | -9.39% | -2.92% | -6.47% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -2.14% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 1.77% | +4.36% |
Volatility
GABEX vs. FAFTX - Volatility Comparison
Gabelli Equity Income Fund (GABEX) has a higher volatility of 5.46% compared to Franklin Federal Tax-Free Income Fund Advisor Class (FAFTX) at 1.19%. This indicates that GABEX's price experiences larger fluctuations and is considered to be riskier than FAFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABEX | FAFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 1.19% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 1.88% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 5.88% | +12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 4.60% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 4.25% | +17.07% |