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Franklin Templeton SMACS: Series I (FQTIX) Sharpe Ratio: 3.12

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to maximize income while maintaining prospects for capital appreciation. Under normal market conditions, the fund invests predominantly in debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade (also known as "junk bonds"), including a portion in defaulted securities. The fund may also invest up to 25% of its assets in foreign securities. It is non-diversified.

FQTIX's Sharpe Ratio of 3.12 indicates that for each unit of volatility, it generates 3.12 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FQTIX Sharpe Ratio Rank

FQTIX Sharpe Ratio Rank: 92.492
Exceptional

FQTIX ranks above 92.4% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

FQTIX Sharpe Ratio Market Positioning

The chart shows FQTIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Franklin Templeton SMACS: Series I's Sharpe Ratio with other mutual funds in the High Yield Bonds category across multiple time periods, showing how FQTIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CCLFXCliffwater Corporate Lending Fund8.50
XILSXPioneer ILS Interval Fund8.31
RPHIXRiverPark Short Term High Yield Fund5.27
CWFIXChartwell Short Duration High Yield Fund3.85
PYHRXPayden High Income Fund3.76
SHYPXAmerican Beacon SiM High Yld Opps Fund3.64
SHOYXAmerican Beacon SiM High Yield Opportunities Fund Class Y3.62
PSHNXPenn Capital Short Duration High Income Fund3.48
FSHNXFidelity Series High Income Fund3.44
RPIHXT. Rowe Price Global High Income Bond Fund3.39
FQTIXFranklin Templeton SMACS: Series I3.12

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FQTIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FQTIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does FQTIX fit in your portfolio?

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