FCAZX vs. SPY
Compare and contrast key facts about Franklin Corefolio Allocation Fund (FCAZX) and State Street SPDR S&P 500 ETF (SPY).
FCAZX is managed by Franklin Templeton. It was launched on Aug 14, 2003. 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
FCAZX vs. SPY - Performance Comparison
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FCAZX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCAZX Franklin Corefolio Allocation Fund | -8.24% | 14.61% | 16.27% | 25.65% | -20.52% | 16.05% | 18.51% | 26.08% | -6.87% | 19.10% |
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, FCAZX achieves a -8.24% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, FCAZX has underperformed SPY with an annualized return of 9.79%, while SPY has yielded a comparatively higher 13.98% annualized return.
FCAZX
- 1D
- -0.35%
- 1M
- -9.48%
- YTD
- -8.24%
- 6M
- -6.62%
- 1Y
- 8.58%
- 3Y*
- 12.61%
- 5Y*
- 6.48%
- 10Y*
- 9.79%
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%
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FCAZX vs. SPY - Expense Ratio Comparison
FCAZX has a 0.16% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FCAZX vs. SPY — Risk / Return Rank
FCAZX
SPY
FCAZX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Corefolio Allocation Fund (FCAZX) 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.
| FCAZX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.93 | -0.42 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.45 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.53 | -0.97 |
Martin ratioReturn relative to average drawdown | 2.29 | 7.30 | -5.01 |
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
| FCAZX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.93 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.69 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.56 | +0.01 |
Correlation
The correlation between FCAZX and SPY is 0.95, 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
FCAZX vs. SPY - Dividend Comparison
FCAZX's dividend yield for the trailing twelve months is around 8.19%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCAZX Franklin Corefolio Allocation Fund | 8.19% | 7.51% | 7.25% | 4.44% | 8.39% | 3.94% | 7.30% | 8.49% | 6.14% | 3.09% | 4.63% | 5.17% |
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
FCAZX vs. SPY - Drawdown Comparison
The maximum FCAZX drawdown since its inception was -32.73%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FCAZX and SPY.
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Drawdown Indicators
| FCAZX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -55.19% | +22.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -12.05% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | -24.50% | -5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -32.73% | -33.72% | +0.99% |
Current DrawdownCurrent decline from peak | -10.98% | -6.24% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -9.09% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.52% | +0.35% |
Volatility
FCAZX vs. SPY - Volatility Comparison
The current volatility for Franklin Corefolio Allocation Fund (FCAZX) is 4.90%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FCAZX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCAZX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 5.31% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 9.47% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 19.05% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 17.06% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 17.92% | -1.14% |