MAMTX vs. FKTFX
Compare and contrast key facts about Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and Franklin California Tax Free Income Fund (FKTFX).
MAMTX is managed by Blackrock. It was launched on Oct 30, 1988. FKTFX is managed by Franklin Templeton Investments. It was launched on Jan 30, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAMTX or FKTFX.
Key characteristics
| MAMTX | FKTFX | |
|---|---|---|
| YTD Return | 4.15% | 3.33% |
| 1Y Return | 9.90% | 9.55% |
| 3Y Return (Ann) | -0.74% | -0.32% |
| 5Y Return (Ann) | 0.76% | 1.37% |
| 10Y Return (Ann) | 2.34% | 2.82% |
| Sharpe Ratio | 2.18 | 2.23 |
| Daily Std Dev | 4.50% | 4.29% |
| Max Drawdown | -16.76% | -16.23% |
| Current Drawdown | -3.24% | -1.74% |
Correlation
The correlation between MAMTX and FKTFX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MAMTX vs. FKTFX - Performance Comparison
In the year-to-date period, MAMTX achieves a 4.15% return, which is significantly higher than FKTFX's 3.33% return. Over the past 10 years, MAMTX has underperformed FKTFX with an annualized return of 2.34%, while FKTFX has yielded a comparatively higher 2.82% 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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MAMTX vs. FKTFX - Expense Ratio Comparison
MAMTX has a 0.55% expense ratio, which is lower than FKTFX's 0.62% expense ratio.
Risk-Adjusted Performance
MAMTX vs. FKTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and Franklin California Tax Free Income Fund (FKTFX). 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
MAMTX vs. FKTFX - Dividend Comparison
MAMTX's dividend yield for the trailing twelve months is around 3.38%, less than FKTFX's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 3.38% | 2.96% | 2.63% | 1.98% | 2.38% | 1.54% | 4.74% | 2.89% | 3.91% | 2.85% | 3.04% | 3.88% |
FKTFX Franklin California Tax Free Income Fund | 3.55% | 3.53% | 3.28% | 2.68% | 2.91% | 3.35% | 3.58% | 3.58% | 3.65% | 3.93% | 4.13% | 4.55% |
Drawdowns
MAMTX vs. FKTFX - Drawdown Comparison
The maximum MAMTX drawdown since its inception was -16.76%, roughly equal to the maximum FKTFX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for MAMTX and FKTFX. For additional features, visit the drawdowns tool.
Volatility
MAMTX vs. FKTFX - Volatility Comparison
Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) has a higher volatility of 0.62% compared to Franklin California Tax Free Income Fund (FKTFX) at 0.50%. This indicates that MAMTX's price experiences larger fluctuations and is considered to be riskier than FKTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.