NEARX vs. FLMI
Compare and contrast key facts about U.S. Global Investors Near-Term Tax Free Fund (NEARX) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI).
NEARX is managed by U.S. Global Investors. It was launched on Dec 3, 1990. FLMI is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEARX or FLMI.
Correlation
The correlation between NEARX and FLMI is 0.25, 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
NEARX vs. FLMI - Performance Comparison
Key characteristics
NEARX:
1.25
FLMI:
1.37
NEARX:
2.04
FLMI:
2.04
NEARX:
1.64
FLMI:
1.27
NEARX:
0.80
FLMI:
1.68
NEARX:
11.58
FLMI:
6.90
NEARX:
0.23%
FLMI:
0.85%
NEARX:
2.13%
FLMI:
4.29%
NEARX:
-6.92%
FLMI:
-14.66%
NEARX:
-0.77%
FLMI:
-0.84%
Returns By Period
In the year-to-date period, NEARX achieves a 0.48% return, which is significantly lower than FLMI's 1.01% return.
NEARX
0.48%
0.48%
1.01%
2.22%
0.28%
0.68%
FLMI
1.01%
1.44%
1.68%
5.66%
2.22%
N/A
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NEARX vs. FLMI - Expense Ratio Comparison
NEARX has a 0.45% expense ratio, which is higher than FLMI's 0.30% expense ratio.
Risk-Adjusted Performance
NEARX vs. FLMI — Risk-Adjusted Performance Rank
NEARX
FLMI
NEARX vs. FLMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors Near-Term Tax Free Fund (NEARX) and Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI). 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
NEARX vs. FLMI - Dividend Comparison
NEARX's dividend yield for the trailing twelve months is around 2.19%, less than FLMI's 4.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEARX U.S. Global Investors Near-Term Tax Free Fund | 2.19% | 2.39% | 2.43% | 1.00% | 0.99% | 1.11% | 1.22% | 1.09% | 1.13% | 1.31% | 1.60% | 2.13% |
FLMI Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF | 4.01% | 4.09% | 3.71% | 3.09% | 2.22% | 2.09% | 2.71% | 2.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEARX vs. FLMI - Drawdown Comparison
The maximum NEARX drawdown since its inception was -6.92%, smaller than the maximum FLMI drawdown of -14.66%. Use the drawdown chart below to compare losses from any high point for NEARX and FLMI. For additional features, visit the drawdowns tool.
Volatility
NEARX vs. FLMI - Volatility Comparison
The current volatility for U.S. Global Investors Near-Term Tax Free Fund (NEARX) is 0.48%, while Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF (FLMI) has a volatility of 1.18%. This indicates that NEARX experiences smaller price fluctuations and is considered to be less risky than FLMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.