GBAB vs. FKUTX
Compare and contrast key facts about Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Franklin Utilities Fund (FKUTX).
FKUTX is managed by Franklin Templeton Investments. It was launched on Sep 29, 1948.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBAB or FKUTX.
Key characteristics
| GBAB | FKUTX | |
|---|---|---|
| YTD Return | 6.45% | 29.67% |
| 1Y Return | 13.07% | 29.61% |
| 3Y Return (Ann) | -4.30% | 7.15% |
| 5Y Return (Ann) | 0.05% | 5.05% |
| 10Y Return (Ann) | 4.37% | 6.06% |
| Sharpe Ratio | 0.98 | 1.89 |
| Sortino Ratio | 1.54 | 2.45 |
| Omega Ratio | 1.17 | 1.35 |
| Calmar Ratio | 0.49 | 1.38 |
| Martin Ratio | 2.84 | 6.50 |
| Ulcer Index | 4.59% | 4.51% |
| Daily Std Dev | 13.32% | 15.54% |
| Max Drawdown | -35.81% | -44.54% |
| Current Drawdown | -17.33% | -2.03% |
Correlation
The correlation between GBAB and FKUTX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBAB vs. FKUTX - Performance Comparison
In the year-to-date period, GBAB achieves a 6.45% return, which is significantly lower than FKUTX's 29.67% return. Over the past 10 years, GBAB has underperformed FKUTX with an annualized return of 4.37%, while FKUTX has yielded a comparatively higher 6.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GBAB vs. FKUTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Franklin Utilities Fund (FKUTX). 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
GBAB vs. FKUTX - Dividend Comparison
GBAB's dividend yield for the trailing twelve months is around 9.46%, more than FKUTX's 2.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 9.46% | 9.34% | 9.24% | 6.37% | 5.93% | 6.39% | 6.89% | 6.65% | 7.51% | 7.77% | 7.47% | 8.31% |
FKUTX Franklin Utilities Fund | 2.06% | 2.63% | 2.29% | 2.24% | 2.73% | 2.38% | 2.84% | 2.84% | 2.70% | 3.24% | 2.68% | 3.27% |
Drawdowns
GBAB vs. FKUTX - Drawdown Comparison
The maximum GBAB drawdown since its inception was -35.81%, smaller than the maximum FKUTX drawdown of -44.54%. Use the drawdown chart below to compare losses from any high point for GBAB and FKUTX. For additional features, visit the drawdowns tool.
Volatility
GBAB vs. FKUTX - Volatility Comparison
The current volatility for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) is 3.44%, while Franklin Utilities Fund (FKUTX) has a volatility of 4.95%. This indicates that GBAB experiences smaller price fluctuations and is considered to be less risky than FKUTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.