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Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Franklin MN TaxFree Inc C  vs   Delaware TaxFree MN A
 Compare Fundamentals  
Daily Returns (%)
DEFFX   FMNIX   
 
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Assuming 30 trading days horizon, Franklin MN TaxFree Inc C is expected to generate 1.0 times more return on investment than Delaware. However, Franklin MN TaxFree Inc C is as risky as Delaware. It trades about -0.92 of its potential returns per unit of risk. Delaware TaxFree MN A is currently generating about -1.0 per unit of risk. If you would invest  1,305  in Franklin MN TaxFree Inc C on May 19, 2013 and sell it today you would lose (30.00) from holding Franklin MN TaxFree Inc C or give up 2.3% of portfolio value over 30 days.

Diversification

Almost no diversification
Overlapping area represents amount of risk that can be diversified away by holding Franklin MN TaxFree Inc C and Delaware TaxFree MN A in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.9
Parameters
Time Period1 Month [change]
DirectionPositive DEFFX Moved Up vs FMNIX
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
DEFFX   FMNIX   

Franklin MN TaxFree Inc C

 
    
Franklin
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Franklin MN TaxFree Inc C has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Franklin

Delaware TaxFree MN A vs. Franklin MN TaxFree Inc C
  

Delaware TaxFree MN A

 
    
Delaware
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Delaware TaxFree MN A has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Delaware

Franklin MN TaxFree Inc C vs. Delaware TaxFree MN A


 
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