VASIX vs. FKTFX
Compare and contrast key facts about Vanguard LifeStrategy Income Fund (VASIX) and Franklin California Tax Free Income Fund (FKTFX).
VASIX is managed by Vanguard. It was launched on Sep 30, 1994. FKTFX is managed by Franklin Templeton. It was launched on Jan 30, 1977.
Performance
VASIX vs. FKTFX - Performance Comparison
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VASIX vs. FKTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VASIX Vanguard LifeStrategy Income Fund | -1.27% | 9.42% | 6.67% | 9.63% | -13.94% | 1.92% | 9.13% | 12.05% | -1.05% | 6.05% |
FKTFX Franklin California Tax Free Income Fund | -0.88% | 4.38% | 2.78% | 6.25% | -10.31% | 1.80% | 5.29% | 9.73% | 0.31% | 6.08% |
Returns By Period
In the year-to-date period, VASIX achieves a -1.27% return, which is significantly lower than FKTFX's -0.88% return. Over the past 10 years, VASIX has outperformed FKTFX with an annualized return of 3.76%, while FKTFX has yielded a comparatively lower 2.29% annualized return.
VASIX
- 1D
- 0.26%
- 1M
- -3.65%
- YTD
- -1.27%
- 6M
- 0.05%
- 1Y
- 6.51%
- 3Y*
- 6.68%
- 5Y*
- 2.39%
- 10Y*
- 3.76%
FKTFX
- 1D
- 0.15%
- 1M
- -3.05%
- YTD
- -0.88%
- 6M
- 0.98%
- 1Y
- 3.28%
- 3Y*
- 3.34%
- 5Y*
- 0.80%
- 10Y*
- 2.29%
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VASIX vs. FKTFX - Expense Ratio Comparison
VASIX has a 0.11% expense ratio, which is lower than FKTFX's 0.62% expense ratio.
Return for Risk
VASIX vs. FKTFX — Risk / Return Rank
VASIX
FKTFX
VASIX vs. FKTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard LifeStrategy Income Fund (VASIX) 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.
| VASIX | FKTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.77 | +0.67 |
Sortino ratioReturn per unit of downside risk | 2.02 | 1.06 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.85 | +0.86 |
Martin ratioReturn relative to average drawdown | 7.48 | 2.45 | +5.03 |
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
| VASIX | FKTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.77 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.18 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.49 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.62 | +0.49 |
Correlation
The correlation between VASIX and FKTFX is 0.28, 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
VASIX vs. FKTFX - Dividend Comparison
VASIX's dividend yield for the trailing twelve months is around 4.30%, more than FKTFX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VASIX Vanguard LifeStrategy Income Fund | 4.30% | 4.18% | 7.61% | 3.17% | 2.02% | 3.95% | 2.15% | 2.73% | 3.55% | 1.52% | 2.26% | 2.57% |
FKTFX Franklin California Tax Free Income Fund | 3.82% | 4.96% | 4.22% | 3.20% | 3.29% | 2.68% | 2.91% | 3.85% | 3.58% | 3.58% | 3.65% | 3.93% |
Drawdowns
VASIX vs. FKTFX - Drawdown Comparison
The maximum VASIX drawdown since its inception was -18.17%, smaller than the maximum FKTFX drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for VASIX and FKTFX.
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Drawdown Indicators
| VASIX | FKTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -31.16% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -5.29% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -16.21% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -18.17% | -16.21% | -1.96% |
Current DrawdownCurrent decline from peak | -3.65% | -3.05% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -6.11% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.85% | -0.96% |
Volatility
VASIX vs. FKTFX - Volatility Comparison
Vanguard LifeStrategy Income Fund (VASIX) has a higher volatility of 2.08% compared to Franklin California Tax Free Income Fund (FKTFX) at 1.21%. This indicates that VASIX'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.
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Volatility by Period
| VASIX | FKTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 1.21% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 1.97% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 5.48% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 4.46% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.74% | +0.13% |