Correlation
The correlation between FCAZX and SPY is 0.96, 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.
FCAZX vs. SPY
Compare and contrast key facts about Franklin Corefolio Allocation Fund (FCAZX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCAZX or SPY.
Performance
FCAZX vs. SPY - Performance Comparison
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Key characteristics
FCAZX:
0.50
SPY:
0.70
FCAZX:
0.71
SPY:
1.02
FCAZX:
1.10
SPY:
1.15
FCAZX:
0.43
SPY:
0.68
FCAZX:
1.62
SPY:
2.57
FCAZX:
4.83%
SPY:
4.93%
FCAZX:
18.89%
SPY:
20.42%
FCAZX:
-31.06%
SPY:
-55.19%
FCAZX:
-2.68%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FCAZX achieves a 2.84% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FCAZX has underperformed SPY with an annualized return of 8.88%, while SPY has yielded a comparatively higher 12.73% annualized return.
FCAZX
2.84%
6.41%
-1.74%
9.41%
11.80%
11.62%
8.88%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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%.
Risk-Adjusted Performance
FCAZX vs. SPY — Risk-Adjusted Performance Rank
FCAZX
SPY
FCAZX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Corefolio Allocation Fund (FCAZX) and 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.
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Dividends
FCAZX vs. SPY - Dividend Comparison
FCAZX's dividend yield for the trailing twelve months is around 6.19%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCAZX Franklin Corefolio Allocation Fund | 6.19% | 6.37% | 4.43% | 8.39% | 3.94% | 7.31% | 8.50% | 6.14% | 4.22% | 5.83% | 6.39% | 4.49% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FCAZX vs. SPY - Drawdown Comparison
The maximum FCAZX drawdown since its inception was -31.06%, 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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Volatility
FCAZX vs. SPY - Volatility Comparison
The current volatility for Franklin Corefolio Allocation Fund (FCAZX) is 4.34%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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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