SHNJX vs. FKDNX
Compare and contrast key facts about Western Asset New Jersey Municipals Fund (SHNJX) and Franklin DynaTech Fund (FKDNX).
SHNJX is managed by Franklin Templeton. It was launched on Apr 21, 1988. FKDNX is managed by Franklin Templeton. It was launched on Jan 2, 1968.
Performance
SHNJX vs. FKDNX - Performance Comparison
Loading graphics...
SHNJX vs. FKDNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHNJX Western Asset New Jersey Municipals Fund | -0.09% | 4.30% | 2.75% | 6.22% | -9.69% | 3.58% | 3.96% | 7.11% | 0.81% | 5.51% |
FKDNX Franklin DynaTech Fund | -10.96% | 18.59% | 30.57% | 44.42% | -40.30% | 12.53% | 57.68% | 36.36% | 2.85% | 39.29% |
Returns By Period
In the year-to-date period, SHNJX achieves a -0.09% return, which is significantly higher than FKDNX's -10.96% return. Over the past 10 years, SHNJX has underperformed FKDNX with an annualized return of 2.18%, while FKDNX has yielded a comparatively higher 15.95% annualized return.
SHNJX
- 1D
- 0.26%
- 1M
- -1.70%
- YTD
- -0.09%
- 6M
- 1.59%
- 1Y
- 3.88%
- 3Y*
- 3.43%
- 5Y*
- 1.18%
- 10Y*
- 2.18%
FKDNX
- 1D
- 5.05%
- 1M
- -5.14%
- YTD
- -10.96%
- 6M
- -11.72%
- 1Y
- 19.43%
- 3Y*
- 19.19%
- 5Y*
- 5.93%
- 10Y*
- 15.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SHNJX vs. FKDNX - Expense Ratio Comparison
SHNJX has a 0.80% expense ratio, which is higher than FKDNX's 0.79% expense ratio.
Return for Risk
SHNJX vs. FKDNX — Risk / Return Rank
SHNJX
FKDNX
SHNJX vs. FKDNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset New Jersey Municipals Fund (SHNJX) and Franklin DynaTech Fund (FKDNX). 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.
| SHNJX | FKDNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.79 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.29 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.81 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.70 | 2.63 | +1.07 |
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
| SHNJX | FKDNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.79 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.23 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.65 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.64 | +0.64 |
Correlation
The correlation between SHNJX and FKDNX is 0.02, 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.
Dividends
SHNJX vs. FKDNX - Dividend Comparison
SHNJX's dividend yield for the trailing twelve months is around 3.16%, less than FKDNX's 12.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHNJX Western Asset New Jersey Municipals Fund | 3.16% | 3.88% | 3.15% | 2.75% | 2.38% | 2.10% | 2.76% | 3.32% | 3.69% | 3.95% | 3.76% | 3.81% |
FKDNX Franklin DynaTech Fund | 12.54% | 11.17% | 0.00% | 0.00% | 0.00% | 1.43% | 0.00% | 0.74% | 2.92% | 1.77% | 3.55% | 2.46% |
Drawdowns
SHNJX vs. FKDNX - Drawdown Comparison
The maximum SHNJX drawdown since its inception was -14.33%, smaller than the maximum FKDNX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for SHNJX and FKDNX.
Loading graphics...
Drawdown Indicators
| SHNJX | FKDNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -51.63% | +37.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -20.49% | +15.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -48.28% | +34.53% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -48.28% | +33.95% |
Current DrawdownCurrent decline from peak | -1.95% | -16.48% | +14.53% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -11.28% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 6.29% | -4.90% |
Volatility
SHNJX vs. FKDNX - Volatility Comparison
The current volatility for Western Asset New Jersey Municipals Fund (SHNJX) is 1.05%, while Franklin DynaTech Fund (FKDNX) has a volatility of 9.29%. This indicates that SHNJX experiences smaller price fluctuations and is considered to be less risky than FKDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SHNJX | FKDNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 9.29% | -8.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 16.81% | -15.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.80% | 26.47% | -21.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 26.27% | -22.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 24.53% | -20.40% |