SHAPX vs. FKITX
Compare and contrast key facts about ClearBridge Appreciation Fund (SHAPX) and Franklin Federal Intermediate-Term Tax-Free Income Fund (FKITX).
SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970. FKITX is managed by Franklin Templeton. It was launched on Sep 20, 1992.
Performance
SHAPX vs. FKITX - Performance Comparison
Loading graphics...
SHAPX vs. FKITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
FKITX Franklin Federal Intermediate-Term Tax-Free Income Fund | -0.50% | 5.85% | 3.13% | 5.38% | -8.00% | 0.79% | 4.32% | 5.26% | 0.69% | 3.21% |
Returns By Period
In the year-to-date period, SHAPX achieves a -6.24% return, which is significantly lower than FKITX's -0.50% return. Over the past 10 years, SHAPX has outperformed FKITX with an annualized return of 11.99%, while FKITX has yielded a comparatively lower 1.74% annualized return.
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
FKITX
- 1D
- 0.18%
- 1M
- -2.59%
- YTD
- -0.50%
- 6M
- 0.91%
- 1Y
- 4.48%
- 3Y*
- 3.78%
- 5Y*
- 1.32%
- 10Y*
- 1.74%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SHAPX vs. FKITX - Expense Ratio Comparison
SHAPX has a 0.93% expense ratio, which is higher than FKITX's 0.56% expense ratio.
Return for Risk
SHAPX vs. FKITX — Risk / Return Rank
SHAPX
FKITX
SHAPX vs. FKITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Appreciation Fund (SHAPX) and Franklin Federal Intermediate-Term Tax-Free Income Fund (FKITX). 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.
| SHAPX | FKITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.31 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.78 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.41 | -0.52 |
Martin ratioReturn relative to average drawdown | 4.11 | 5.51 | -1.40 |
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
| SHAPX | FKITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.31 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.40 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.53 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.15 | -0.38 |
Correlation
The correlation between SHAPX and FKITX is -0.04. 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
SHAPX vs. FKITX - Dividend Comparison
SHAPX's dividend yield for the trailing twelve months is around 15.01%, more than FKITX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
FKITX Franklin Federal Intermediate-Term Tax-Free Income Fund | 3.39% | 4.29% | 3.52% | 2.49% | 2.30% | 2.10% | 2.24% | 3.03% | 2.68% | 2.34% | 2.54% | 2.50% |
Drawdowns
SHAPX vs. FKITX - Drawdown Comparison
The maximum SHAPX drawdown since its inception was -46.19%, which is greater than FKITX's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for SHAPX and FKITX.
Loading graphics...
Drawdown Indicators
| SHAPX | FKITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -12.77% | -33.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -3.90% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -12.77% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -32.21% | -12.77% | -19.44% |
Current DrawdownCurrent decline from peak | -8.74% | -2.59% | -6.15% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -1.58% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 1.00% | +1.29% |
Volatility
SHAPX vs. FKITX - Volatility Comparison
ClearBridge Appreciation Fund (SHAPX) has a higher volatility of 3.74% compared to Franklin Federal Intermediate-Term Tax-Free Income Fund (FKITX) at 0.97%. This indicates that SHAPX's price experiences larger fluctuations and is considered to be riskier than FKITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SHAPX | FKITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 0.97% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 1.57% | +6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 4.02% | +11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 3.28% | +11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 3.27% | +13.43% |