Asset Comparison and Correlation

Assuming 30 trading days horizon, Franklin NC TaxFree Income C is expected to generate 1.5 times more return on investment than T Rowe. However, Franklin is 1.5 times more volatile than T Rowe Price MD TaxFree Bond. It trades about -0.08 of its potential returns per unit of risk. T Rowe Price MD TaxFree Bond is currently generating about -0.25 per unit of risk. If you would invest  1,310  in Franklin NC TaxFree Income C on April 23, 2013 and sell it today you would lose (4.00) from holding Franklin NC TaxFree Income C or give up 0.31% of portfolio value over 30 days.