SHNJX vs. FRDPX
Compare and contrast key facts about Western Asset New Jersey Municipals Fund (SHNJX) and Franklin Rising Dividends Fund (FRDPX).
SHNJX is managed by Franklin Templeton. It was launched on Apr 21, 1988. FRDPX is managed by Franklin Templeton. It was launched on Jan 14, 1987.
Performance
SHNJX vs. FRDPX - Performance Comparison
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SHNJX vs. FRDPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHNJX Western Asset New Jersey Municipals Fund | -0.35% | 4.30% | 2.75% | 6.22% | -9.69% | 3.58% | 3.96% | 7.11% | 0.81% | 5.51% |
FRDPX Franklin Rising Dividends Fund | -4.58% | 11.96% | 10.92% | 12.10% | -10.69% | 26.62% | 16.29% | 29.83% | -5.27% | 17.33% |
Returns By Period
In the year-to-date period, SHNJX achieves a -0.35% return, which is significantly higher than FRDPX's -4.58% return. Over the past 10 years, SHNJX has underperformed FRDPX with an annualized return of 2.16%, while FRDPX has yielded a comparatively higher 10.53% annualized return.
SHNJX
- 1D
- 0.09%
- 1M
- -2.21%
- YTD
- -0.35%
- 6M
- 1.42%
- 1Y
- 4.15%
- 3Y*
- 3.34%
- 5Y*
- 1.15%
- 10Y*
- 2.16%
FRDPX
- 1D
- -0.05%
- 1M
- -7.10%
- YTD
- -4.58%
- 6M
- -3.87%
- 1Y
- 8.41%
- 3Y*
- 8.63%
- 5Y*
- 7.61%
- 10Y*
- 10.53%
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SHNJX vs. FRDPX - Expense Ratio Comparison
SHNJX has a 0.80% expense ratio, which is lower than FRDPX's 0.85% expense ratio.
Return for Risk
SHNJX vs. FRDPX — Risk / Return Rank
SHNJX
FRDPX
SHNJX vs. FRDPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset New Jersey Municipals Fund (SHNJX) and Franklin Rising Dividends Fund (FRDPX). 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 | FRDPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.63 | +0.39 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.03 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.14 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.74 | +0.38 |
Martin ratioReturn relative to average drawdown | 3.65 | 3.45 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHNJX | FRDPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.63 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.50 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.62 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.60 | +0.68 |
Correlation
The correlation between SHNJX and FRDPX is 0.04, 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. FRDPX - Dividend Comparison
SHNJX's dividend yield for the trailing twelve months is around 3.17%, less than FRDPX's 10.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHNJX Western Asset New Jersey Municipals Fund | 3.17% | 3.88% | 3.15% | 2.75% | 2.38% | 2.10% | 2.76% | 3.32% | 3.69% | 3.95% | 3.76% | 3.81% |
FRDPX Franklin Rising Dividends Fund | 10.74% | 10.25% | 10.15% | 4.60% | 4.96% | 4.42% | 0.82% | 3.01% | 5.20% | 0.90% | 3.09% | 5.30% |
Drawdowns
SHNJX vs. FRDPX - Drawdown Comparison
The maximum SHNJX drawdown since its inception was -14.33%, smaller than the maximum FRDPX drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for SHNJX and FRDPX.
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Drawdown Indicators
| SHNJX | FRDPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -51.57% | +37.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -10.54% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -21.07% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -34.89% | +20.56% |
Current DrawdownCurrent decline from peak | -2.21% | -7.10% | +4.89% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -5.84% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.26% | -0.87% |
Volatility
SHNJX vs. FRDPX - Volatility Comparison
The current volatility for Western Asset New Jersey Municipals Fund (SHNJX) is 1.00%, while Franklin Rising Dividends Fund (FRDPX) has a volatility of 3.46%. This indicates that SHNJX experiences smaller price fluctuations and is considered to be less risky than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHNJX | FRDPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 3.46% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 7.49% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 15.22% | -10.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 15.36% | -11.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 17.16% | -13.03% |