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Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 Franklin MI TaxFree Inc Adv  vs   Eaton Vance AZ Municipal Incom
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Daily Returns (%)
ETAZX   FMTFX   
 
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Timeline
If you would invest  997  in Eaton Vance AZ Municipal Income A on April 21, 2013 and sell it today you would lose (1.00) from holding Eaton Vance AZ Municipal Income A or give up 0.1% of portfolio value over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Franklin MI TaxFree Inc Adv and Eaton Vance AZ Municipal Incom in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.7
Parameters
Time Period1 Month [change]
DirectionPositive ETAZX Moved Up vs FMTFX
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Returns   
ETAZX   FMTFX   

Franklin MI TaxFree Inc Adv

Alpha
 
Profile
    
Franklin
Performance
1
Out Of
100
Over 30
Days
?
99% of all equities and portfolios perform better than Franklin MI TaxFree Inc Adv. Compared with the overall equity markets, risk-adjusted returns on investments in Franklin MI TaxFree Inc Adv are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
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Match ups for Franklin

T Rowe Price MD TaxFree Bond vs. Franklin MI TaxFree Inc Adv
Franklin NC TaxFree Income A vs. Franklin MI TaxFree Inc Adv
Franklin NC TaxFree Income Adv vs. Franklin MI TaxFree Inc Adv
Franklin NC TaxFree Income C vs. Franklin MI TaxFree Inc Adv
Franklin OR TaxFree Income A vs. Franklin MI TaxFree Inc Adv
Franklin OR TaxFree Income C vs. Franklin MI TaxFree Inc Adv
Franklin OR TaxFree Income Adv vs. Franklin MI TaxFree Inc Adv
Franklin MI TaxFree Inc B vs. Franklin MI TaxFree Inc Adv
Franklin MI TaxFree Inc C vs. Franklin MI TaxFree Inc Adv
Franklin MI TaxFree Inc A vs. Franklin MI TaxFree Inc Adv
  

Eaton Vance AZ Municipal Income A

Alpha
 
Profile
    
Eaton
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Eaton Vance AZ Municipal Income A has generated negative risk-adjusted returns adding no value to investors with long positions.
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Backtest
Predict Price
    

Match ups for Eaton

T Rowe Price MD TaxFree Bond vs. Eaton Vance AZ Municipal Income A
Franklin NC TaxFree Income A vs. Eaton Vance AZ Municipal Income A
Franklin NC TaxFree Income Adv vs. Eaton Vance AZ Municipal Income A
Franklin NC TaxFree Income C vs. Eaton Vance AZ Municipal Income A
Franklin OR TaxFree Income A vs. Eaton Vance AZ Municipal Income A
Franklin OR TaxFree Income C vs. Eaton Vance AZ Municipal Income A
Franklin OR TaxFree Income Adv vs. Eaton Vance AZ Municipal Income A
Franklin MI TaxFree Inc B vs. Eaton Vance AZ Municipal Income A
Franklin MI TaxFree Inc C vs. Eaton Vance AZ Municipal Income A
Franklin MI TaxFree Inc A vs. Eaton Vance AZ Municipal Income A


 
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