BEN vs. SPY

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Resources, Inc. (BEN) and State Street SPDR S&P 500 ETF (SPY).

SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Performance

BEN vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Resources, Inc. (BEN) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

BEN vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEN Franklin Resources, Inc.	0.31%	24.76%	-27.21%	16.96%	-17.52%	38.88%	1.46%	-9.29%	-23.34%	11.58%
SPY State Street SPDR S&P 500 ETF	-4.37%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Returns By Period

In the year-to-date period, BEN achieves a 0.31% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, BEN has underperformed SPY with an annualized return of -0.21%, while SPY has yielded a comparatively higher 13.98% annualized return.

BEN

• 1D: 4.61%
• 1M: -9.70%
• YTD: 0.31%
• 6M: 5.03%
• 1Y: 29.72%
• 3Y*: 1.04%
• 5Y*: 0.04%
• 10Y*: -0.21%

SPY

• 1D: 2.91%
• 1M: -4.94%
• YTD: -4.37%
• 6M: -1.82%
• 1Y: 17.59%
• 3Y*: 18.19%
• 5Y*: 11.69%
• 10Y*: 13.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BEN vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEN

BEN Risk / Return Rank: 72
BEN Sharpe Ratio Rank: 75
BEN Sortino Ratio Rank: 69
BEN Omega Ratio Rank: 68
BEN Calmar Ratio Rank: 74
BEN Martin Ratio Rank: 74

SPY

SPY Risk / Return Rank: 64
SPY Sharpe Ratio Rank: 56
SPY Sortino Ratio Rank: 60
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 65
SPY Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEN vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Resources, Inc. (BEN) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BEN	SPY	Difference
Sharpe ratio Return per unit of total volatility	0.98	0.93	+0.05
Sortino ratio Return per unit of downside risk	1.52	1.45	+0.07
Omega ratio Gain probability vs. loss probability	1.20	1.22	-0.03
Calmar ratio Return relative to maximum drawdown	1.65	1.53	+0.13
Martin ratio Return relative to average drawdown	4.18	7.30	-3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEN vs. SPY - Sharpe Ratio Comparison

The current BEN Sharpe Ratio is 0.98, which is comparable to the SPY Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of BEN and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BEN	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.93	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.69	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.78	-0.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.56	-0.11

Correlation

The correlation between BEN and SPY is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BEN vs. SPY - Dividend Comparison

BEN's dividend yield for the trailing twelve months is around 5.50%, more than SPY's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEN Franklin Resources, Inc.	5.50%	5.40%	7.69%	3.02%	4.44%	3.37%	4.36%	4.04%	13.32%	1.92%	1.87%	1.71%
SPY State Street SPDR S&P 500 ETF	1.14%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Drawdowns

BEN vs. SPY - Drawdown Comparison

The maximum BEN drawdown since its inception was -72.80%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BEN and SPY.

Drawdown Indicators

	BEN	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-72.80%	-55.19%	-17.61%
Max Drawdown (1Y) Largest decline over 1 year	-19.21%	-12.05%	-7.16%
Max Drawdown (5Y) Largest decline over 5 years	-47.43%	-24.50%	-22.93%
Max Drawdown (10Y) Largest decline over 10 years	-62.10%	-33.72%	-28.38%
Current Drawdown Current decline from peak	-32.25%	-6.24%	-26.01%
Average Drawdown Average peak-to-trough decline	-22.91%	-9.09%	-13.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	2.52%	+5.06%

Volatility

BEN vs. SPY - Volatility Comparison

Franklin Resources, Inc. (BEN) has a higher volatility of 10.37% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that BEN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEN	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.37%	5.31%	+5.06%
Volatility (6M) Calculated over the trailing 6-month period	20.25%	9.47%	+10.78%
Volatility (1Y) Calculated over the trailing 1-year period	30.51%	19.05%	+11.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.13%	17.06%	+15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.84%	17.92%	+14.92%