FBFZX vs. BRUFX
FBFZX (Franklin Managed Income Fund) and BRUFX (Bruce Fund) are both Diversified Portfolio funds. Over the past 10 years, FBFZX returned 7.29%/yr vs 7.56%/yr for BRUFX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. FBFZX charges 0.65%/yr vs 0.68%/yr for BRUFX.
Performance
FBFZX vs. BRUFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBFZX achieves a 6.66% return, which is significantly lower than BRUFX's 16.02% return. Both investments have delivered pretty close results over the past 10 years, with FBFZX having a 7.29% annualized return and BRUFX not far ahead at 7.56%.
FBFZX
- 1D
- 0.22%
- 1M
- -0.20%
- 6M
- 2.77%
- YTD
- 6.66%
- 1Y
- 13.24%
- 3Y*
- 8.08%
- 5Y*
- 5.06%
- 10Y*
- 7.29%
- ALL TIME*
- 5.31%
BRUFX
- 1D
- -0.39%
- 1M
- 0.09%
- 6M
- 11.25%
- YTD
- 16.02%
- 1Y
- 29.17%
- 3Y*
- 12.15%
- 5Y*
- 5.98%
- 10Y*
- 7.56%
- ALL TIME*
- 9.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRUFX Bruce Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FBFZX vs. BRUFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBFZX Franklin Managed Income Fund | 6.66% | 9.23% | 5.14% | 7.90% | -6.96% | 15.46% | 5.60% | 23.08% | -2.99% | 9.65% |
BRUFX Bruce Fund | 16.02% | 14.89% | 4.45% | -0.74% | -8.80% | 17.35% | 12.06% | 22.42% | -3.99% | 12.48% |
Correlation
The correlation between FBFZX and BRUFX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.71 |
The correlation between FBFZX and BRUFX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FBFZX vs. BRUFX — Risk / Return Rank
FBFZX
BRUFX
FBFZX vs. BRUFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Managed Income Fund (FBFZX) and Bruce Fund (BRUFX). 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.
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.
| FBFZX | BRUFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.49 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.78 | -0.42 |
| Martin ratioReturn relative to average drawdown | 12.44 | 17.01 | -4.57 |
Loading charts...
Drawdowns
FBFZX vs. BRUFX - Drawdown Comparison
The maximum FBFZX drawdown since its inception was -49.53%, which is greater than BRUFX's maximum drawdown of -44.50%. Use the drawdown chart below to compare losses from any high point for FBFZX and BRUFX.
Loading charts...
Drawdown Indicators
| FBFZX | BRUFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.53% | -44.50% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -7.67% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -9.66% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -17.91% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -21.60% | -25.44% | +3.84% |
Current DrawdownCurrent decline from peak | -0.29% | -1.71% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -9.04% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.70% | -0.66% |
Volatility
FBFZX vs. BRUFX - Volatility Comparison
The current volatility for Franklin Managed Income Fund (FBFZX) is 1.54%, while Bruce Fund (BRUFX) has a volatility of 2.42%. This indicates that FBFZX experiences smaller price fluctuations and is considered to be less risky than BRUFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBFZX | BRUFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 2.42% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 8.50% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 10.65% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.89% | 10.58% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 11.65% | -2.89% |
FBFZX vs. BRUFX - Expense Ratio Comparison
FBFZX has a 0.65% expense ratio, which is lower than BRUFX's 0.68% expense ratio.
Dividends
FBFZX vs. BRUFX - Dividend Comparison
FBFZX's dividend yield for the trailing twelve months is around 4.28%, less than BRUFX's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRUFX Bruce Fund | 5.48% | 6.35% | 5.01% | 6.46% | 13.31% | 9.25% | 5.83% | 2.03% | 2.49% | 4.11% | 6.26% | 4.63% |
FBFZX Franklin Managed Income Fund | 4.28% | 3.61% | 6.01% | 4.69% | 4.49% | 7.28% | 4.66% | 11.18% | 4.64% | 4.77% | 4.70% | 3.59% |
Frequently Asked Questions
FBFZX and BRUFX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRUFX has higher volatility (2.42%) compared to FBFZX (1.54%). In terms of maximum drawdown, FBFZX dropped -49.53% vs BRUFX's -44.50%.
BRUFX currently has the higher Sharpe Ratio (2.73 vs 2.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FBFZX and BRUFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer