FABZX vs. SHAPX
Compare and contrast key facts about Franklin K2 Alternative Strategies Fund (FABZX) and ClearBridge Appreciation Fund (SHAPX).
FABZX is managed by Franklin Templeton. It was launched on Oct 10, 2013. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
FABZX vs. SHAPX - Performance Comparison
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FABZX vs. SHAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FABZX Franklin K2 Alternative Strategies Fund | 1.44% | 8.48% | 11.60% | 2.86% | -7.86% | 2.85% | 7.36% | 7.42% | -2.18% | 6.85% |
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, FABZX achieves a 1.44% return, which is significantly higher than SHAPX's -6.24% return. Over the past 10 years, FABZX has underperformed SHAPX with an annualized return of 4.11%, while SHAPX has yielded a comparatively higher 11.99% annualized return.
FABZX
- 1D
- -0.18%
- 1M
- -1.23%
- YTD
- 1.44%
- 6M
- 3.09%
- 1Y
- 9.54%
- 3Y*
- 8.03%
- 5Y*
- 3.61%
- 10Y*
- 4.11%
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
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FABZX vs. SHAPX - Expense Ratio Comparison
FABZX has a 1.95% expense ratio, which is higher than SHAPX's 0.93% expense ratio.
Return for Risk
FABZX vs. SHAPX — Risk / Return Rank
FABZX
SHAPX
FABZX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin K2 Alternative Strategies Fund (FABZX) and ClearBridge Appreciation Fund (SHAPX). 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.
| FABZX | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 0.72 | +1.70 |
Sortino ratioReturn per unit of downside risk | 3.42 | 1.13 | +2.29 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.17 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 3.33 | 0.89 | +2.44 |
Martin ratioReturn relative to average drawdown | 14.75 | 4.11 | +10.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FABZX | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 0.72 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.68 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.72 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.77 | +0.16 |
Correlation
The correlation between FABZX and SHAPX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FABZX vs. SHAPX - Dividend Comparison
FABZX's dividend yield for the trailing twelve months is around 6.92%, less than SHAPX's 15.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FABZX Franklin K2 Alternative Strategies Fund | 6.92% | 7.02% | 11.80% | 0.70% | 3.10% | 4.90% | 0.80% | 0.90% | 2.33% | 1.56% | 0.77% | 1.89% |
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
FABZX vs. SHAPX - Drawdown Comparison
The maximum FABZX drawdown since its inception was -11.03%, smaller than the maximum SHAPX drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for FABZX and SHAPX.
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Drawdown Indicators
| FABZX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -46.19% | +35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -10.57% | +8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -20.53% | +9.50% |
Max Drawdown (10Y)Largest decline over 10 years | -11.03% | -32.21% | +21.18% |
Current DrawdownCurrent decline from peak | -1.40% | -8.74% | +7.34% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -4.79% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.29% | -1.68% |
Volatility
FABZX vs. SHAPX - Volatility Comparison
The current volatility for Franklin K2 Alternative Strategies Fund (FABZX) is 1.34%, while ClearBridge Appreciation Fund (SHAPX) has a volatility of 3.74%. This indicates that FABZX experiences smaller price fluctuations and is considered to be less risky than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FABZX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 3.74% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 7.86% | -4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 15.90% | -11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 14.85% | -10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 16.70% | -12.64% |