FCAZX vs. FRDPX

Last updated Aug 1, 2026

FCAZX (Franklin Corefolio Allocation Fund) and FRDPX (Franklin Rising Dividends Fund) are both mutual funds - FCAZX is a Diversified Portfolio fund managed by Franklin Templeton, while FRDPX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 10 years, FCAZX returned 10.78%/yr vs 11.20%/yr for FRDPX. Their correlation of 0.89 means they have usually moved in the same direction. FCAZX charges 0.16%/yr vs 0.85%/yr for FRDPX.

Performance

FCAZX vs. FRDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Corefolio Allocation Fund (FCAZX) and Franklin Rising Dividends Fund (FRDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCAZX achieves a 5.70% return, which is significantly lower than FRDPX's 8.25% return. Both investments have delivered pretty close results over the past 10 years, with FCAZX having a 10.78% annualized return and FRDPX not far ahead at 11.20%.

FCAZX

• 1D: 1.97%
• 1M: -0.68%
• 6M: 4.05%
• YTD: 5.70%
• 1Y: 12.83%
• 3Y*: 14.02%
• 5Y*: 7.58%
• 10Y*: 10.78%
• ALL TIME*: 10.13%

FRDPX

• 1D: 1.02%
• 1M: 1.70%
• 6M: 7.21%
• YTD: 8.25%
• 1Y: 13.57%
• 3Y*: 11.20%
• 5Y*: 7.76%
• 10Y*: 11.20%
• ALL TIME*: 9.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCAZX Franklin Corefolio Allocation Fund	$0.00	$0.00	$0.00
FRDPX Franklin Rising Dividends Fund	$0.00	$0.00	$0.00

FCAZX vs. FRDPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCAZX Franklin Corefolio Allocation Fund	5.70%	14.61%	16.27%	25.65%	-20.52%	16.05%	18.51%	26.08%	-6.87%	19.10%
FRDPX Franklin Rising Dividends Fund	8.25%	11.96%	10.92%	12.10%	-10.69%	26.62%	16.29%	29.83%	-5.27%	17.33%

Correlation

The correlation between FCAZX and FRDPX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jun 26, 2013	0.89

The correlation between FCAZX and FRDPX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

FCAZX vs. FRDPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCAZX

FCAZX Risk / Return Rank: 23
FCAZX Sharpe Ratio Rank: 22
FCAZX Sortino Ratio Rank: 22
FCAZX Omega Ratio Rank: 22
FCAZX Calmar Ratio Rank: 20
FCAZX Martin Ratio Rank: 28

FRDPX

FRDPX Risk / Return Rank: 41
FRDPX Sharpe Ratio Rank: 39
FRDPX Sortino Ratio Rank: 39
FRDPX Omega Ratio Rank: 36
FRDPX Calmar Ratio Rank: 42
FRDPX Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCAZX vs. FRDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Corefolio Allocation Fund (FCAZX) and Franklin Rising Dividends Fund (FRDPX). 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.

	FCAZX	FRDPX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.14	-0.35
Sortino ratio: Return per unit of downside risk	1.19	1.67	-0.49
Omega ratio: Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio: Return relative to maximum drawdown	0.98	1.66	-0.68
Martin ratio: Return relative to average drawdown	4.07	6.44	-2.38

FCAZX vs. FRDPX - Sharpe Ratio Comparison

The current FCAZX Sharpe Ratio is 0.79, which is lower than the FRDPX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FCAZX and FRDPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCAZX vs. FRDPX - Drawdown Comparison

The maximum FCAZX drawdown since its inception was -32.73%, smaller than the maximum FRDPX drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for FCAZX and FRDPX.

Drawdown Indicators

	FCAZX	FRDPX	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-51.57%	+18.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-7.10%	-3.88%
Max Drawdown (3Y) Largest decline over 3 years	-17.80%	-18.26%	+0.46%
Max Drawdown (5Y) Largest decline over 5 years	-29.53%	-21.07%	-8.46%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-34.89%	+2.16%
Current Drawdown Current decline from peak	-1.44%	-0.23%	-1.21%
Average Drawdown Average peak-to-trough decline	-5.09%	-5.79%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.83%	+0.82%

Volatility

FCAZX vs. FRDPX - Volatility Comparison

Franklin Corefolio Allocation Fund (FCAZX) has a higher volatility of 3.60% compared to Franklin Rising Dividends Fund (FRDPX) at 2.81%. This indicates that FCAZX's price experiences larger fluctuations and is considered to be riskier than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCAZX	FRDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	2.81%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	7.77%	+3.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	10.34%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	15.34%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	17.12%	-0.33%

FCAZX vs. FRDPX - Expense Ratio Comparison

FCAZX has a 0.16% expense ratio, which is lower than FRDPX's 0.85% expense ratio.

Dividends

FCAZX vs. FRDPX - Dividend Comparison

FCAZX's dividend yield for the trailing twelve months is around 13.37%, more than FRDPX's 9.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCAZX Franklin Corefolio Allocation Fund	13.37%	7.51%	7.25%	4.44%	8.39%	3.94%	7.30%	8.49%	6.14%	3.09%	4.63%	5.17%
FRDPX Franklin Rising Dividends Fund	9.44%	10.25%	10.15%	4.60%	4.96%	4.42%	0.82%	3.01%	5.20%	0.90%	3.09%	5.30%

Frequently Asked Questions

Can I hold both FCAZX and FRDPX in my portfolio?

FCAZX and FRDPX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCAZX or FRDPX?

FCAZX has higher volatility (3.60%) compared to FRDPX (2.81%). In terms of maximum drawdown, FCAZX dropped -32.73% vs FRDPX's -51.57%.

Which has better risk-adjusted returns?

FRDPX currently has the higher Sharpe Ratio (1.14 vs 0.79), 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.