Asset Comparison and Correlation |
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| Franklin High Yield TaxFree In vs Nuveen High Yield Municipal Bo |
Assuming 30 trading days horizon, Franklin High Yield TaxFree Inc C is expected to generate 0.81 times more return on investment than Nuveen. However, Franklin High Yield TaxFree Inc C is 1.24 times less risky than Nuveen. It trades about -0.94 of its potential returns per unit of risk. Nuveen High Yield Municipal Bond A is currently generating about -0.95 per unit of risk. If you would invest 1,110 in Franklin High Yield TaxFree Inc C on May 20, 2013 and sell it today you would lose (34.00) from holding Franklin High Yield TaxFree Inc C or give up 3.06% of portfolio value over 30 days. |
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Over the last 30 days Franklin High Yield TaxFree Inc C has generated negative risk-adjusted returns adding no value to investors with long positions. Match-ups for Franklin
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Over the last 30 days Nuveen High Yield Municipal Bond A has generated negative risk-adjusted returns adding no value to investors with long positions. Match-ups for Nuveen
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