- ISIN
- US52468E1055
- CUSIP
- 52468E105
- Issuer
- Franklin Templeton
- Inception Date
- Mar 10, 1970
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SHAPX Performance Chart
ClearBridge Appreciation Fund (SHAPX) is up 5.2% since the beginning of the year. SHAPX is currently trading at $37 per share. Investors who bought $1,000 worth of SHAPX shares 5 years ago would now be looking at an investment worth $1,723.
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Returns By Period
ClearBridge Appreciation Fund (SHAPX) has returned 5.24% so far this year and 16.80% over the past 12 months. Over the last ten years, SHAPX has had an annualized return of 13.25%, just under the S&P 500 Index benchmark’s 13.88%.
ClearBridge Appreciation Fund
- 1D
- 0.85%
- 1M
- -0.71%
- YTD
- 5.24%
- 6M
- 5.18%
- 1Y
- 16.80%
- 3Y*
- 16.46%
- 5Y*
- 11.50%
- 10Y*
- 13.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SHAPX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1990, SHAPX's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 1997 with a return of +22.0%, while the worst month was Oct 2008 at -13.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SHAPX closed higher 52% of trading days. The best single day was Nov 18, 1997 with a return of +16.9%, while the worst single day was Mar 16, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.16% | -0.34% | -5.43% | 8.54% | 1.51% | -0.81% | 5.24% | ||||||
| 2025 | 2.94% | -0.70% | -5.28% | -0.06% | 5.63% | 4.54% | 2.00% | 1.30% | 2.51% | 1.12% | 0.83% | -0.94% | 14.32% |
| 2024 | 3.05% | 4.79% | 2.95% | -4.23% | 4.73% | 2.77% | 0.71% | 3.07% | 0.87% | -0.97% | 5.96% | -2.78% | 22.37% |
| 2023 | 3.39% | -2.95% | 3.86% | 2.68% | -0.83% | 6.35% | 1.91% | -0.45% | -4.65% | -0.48% | 7.02% | 2.79% | 19.50% |
| 2022 | -4.10% | -3.31% | 3.42% | -6.96% | 1.04% | -7.11% | 7.55% | -3.29% | -8.39% | 8.60% | 5.63% | -4.46% | -12.56% |
| 2021 | -1.97% | 1.73% | 5.11% | 5.45% | 1.03% | 1.40% | 2.42% | 2.18% | -4.94% | 7.10% | -2.07% | 4.55% | 23.52% |
Benchmark Metrics
ClearBridge Appreciation Fund has an annualized alpha of 5.13%, beta of 0.85, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 02, 1990.
- This fund captured 101.35% of S&P 500 Index gains but only 81.55% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 5.13% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.85 and R2 of 0.88, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 5.13%
- Beta
- 0.85
- R²
- 0.88
- Upside Capture
- 101.35%
- Downside Capture
- 81.55%
Expense Ratio
SHAPX has a high expense ratio of 0.93%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SHAPX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ClearBridge Appreciation Fund (SHAPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHAPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.78 | -0.88 |
| Martin ratioReturn relative to average drawdown | 8.49 | 12.44 | -3.95 |
Dividends
Dividend History
ClearBridge Appreciation Fund provided a 13.38% dividend yield over the last twelve months, with an annual payout of $4.89 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.89 | $4.89 | $3.12 | $1.29 | $2.38 | $2.18 | $1.19 | $1.86 | $1.46 | $1.20 | $0.69 | $0.94 |
Dividend yield | 13.38% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Monthly Dividends
The table displays the monthly dividend distributions for ClearBridge Appreciation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.89 | $4.89 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.12 | $3.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.38 | $2.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.18 | $2.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ClearBridge Appreciation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ClearBridge Appreciation Fund was 46.19%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current ClearBridge Appreciation Fund drawdown is 1.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -46.19%Mar 2009 | 1y 4mo | 2y 1mo | 3y 5moNov 2007 - Apr 2011 |
COVID crash2020 | -32.21%Mar 2020 | 1mo 9d | 5mo 4d | 6mo 13dFeb 2020 - Aug 2020 |
Dot-com crash2000–2002 | -28.74%Jul 2002 | 1y 2mo | 1y 5mo | 2y 7moMay 2001 - Dec 2003 |
Bear market2022 | -20.53%Sep 2022 | 9mo 4d | 9mo 27d | 1y 6moDec 2021 - Jul 2023 |
2011 correction2011 | -17.34%Oct 2011 | 5mo 4d | 4mo 7d | 9mo 11dMay 2011 - Feb 2012 |
Drawdown Indicators
| SHAPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.19% | -56.78% | +10.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -9.10% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -18.90% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -25.43% | +4.90% |
Max Drawdown (10Y)Largest decline over 10 years | -32.21% | -33.92% | +1.71% |
Current DrawdownCurrent decline from peak | -1.24% | -1.80% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -10.71% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.03% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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