FAFRX vs. SHAPX
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund Class A (FAFRX) and ClearBridge Appreciation Fund (SHAPX).
FAFRX is an actively managed fund by Franklin Templeton. It was launched on May 1, 2001. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
FAFRX vs. SHAPX - Performance Comparison
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FAFRX vs. SHAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFRX Franklin Floating Rate Daily Access Fund Class A | -1.38% | 4.41% | 8.25% | 14.10% | -1.75% | 8.41% | -4.37% | 3.17% | 0.57% | 2.19% |
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, FAFRX achieves a -1.38% return, which is significantly higher than SHAPX's -6.24% return. Over the past 10 years, FAFRX has underperformed SHAPX with an annualized return of 4.21%, while SHAPX has yielded a comparatively higher 11.99% annualized return.
FAFRX
- 1D
- -0.14%
- 1M
- -0.55%
- YTD
- -1.38%
- 6M
- -0.82%
- 1Y
- 2.92%
- 3Y*
- 6.83%
- 5Y*
- 5.84%
- 10Y*
- 4.21%
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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FAFRX vs. SHAPX - Expense Ratio Comparison
FAFRX has a 0.95% expense ratio, which is higher than SHAPX's 0.93% expense ratio.
Return for Risk
FAFRX vs. SHAPX — Risk / Return Rank
FAFRX
SHAPX
FAFRX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund Class A (FAFRX) 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.
| FAFRX | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.72 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.13 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.89 | +0.47 |
Martin ratioReturn relative to average drawdown | 4.77 | 4.11 | +0.66 |
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
| FAFRX | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.72 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.78 | 0.68 | +1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 0.72 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.77 | +0.33 |
Correlation
The correlation between FAFRX and SHAPX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FAFRX vs. SHAPX - Dividend Comparison
FAFRX's dividend yield for the trailing twelve months is around 7.18%, less than SHAPX's 15.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFRX Franklin Floating Rate Daily Access Fund Class A | 7.18% | 7.76% | 9.17% | 7.43% | 5.59% | 3.47% | 4.52% | 5.38% | 4.92% | 3.55% | 4.33% | 4.84% |
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
FAFRX vs. SHAPX - Drawdown Comparison
The maximum FAFRX drawdown since its inception was -25.94%, smaller than the maximum SHAPX drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for FAFRX and SHAPX.
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Drawdown Indicators
| FAFRX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.94% | -46.19% | +20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.26% | -10.57% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -20.53% | +14.25% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | -32.21% | +14.12% |
Current DrawdownCurrent decline from peak | -1.78% | -8.74% | +6.96% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -4.79% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 2.29% | -1.61% |
Volatility
FAFRX vs. SHAPX - Volatility Comparison
The current volatility for Franklin Floating Rate Daily Access Fund Class A (FAFRX) is 0.86%, while ClearBridge Appreciation Fund (SHAPX) has a volatility of 3.74%. This indicates that FAFRX 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
| FAFRX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 3.74% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 7.86% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 15.90% | -12.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 14.85% | -11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 16.70% | -12.87% |