FEMDX vs. FRDPX

Last updated Jun 24, 2026

FEMDX (Franklin Emerging Market Debt Opportunities Fund) and FRDPX (Franklin Rising Dividends Fund) are both mutual funds - FEMDX is a Emerging Markets Bonds fund managed by Franklin Templeton, while FRDPX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 10 years, FEMDX returned 7.08%/yr vs 11.53%/yr for FRDPX. At a 0.36 correlation, their price movements are largely independent. FEMDX charges 1.00%/yr vs 0.85%/yr for FRDPX.

Performance

FEMDX vs. FRDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Emerging Market Debt Opportunities Fund (FEMDX) 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, FEMDX achieves a 8.24% return, which is significantly higher than FRDPX's 5.20% return. Over the past 10 years, FEMDX has underperformed FRDPX with an annualized return of 7.08%, while FRDPX has yielded a comparatively higher 11.53% annualized return.

FEMDX

• 1D: -0.15%
• 1M: 1.50%
• YTD: 8.24%
• 6M: 8.76%
• 1Y: 19.91%
• 3Y*: 15.26%
• 5Y*: 7.88%
• 10Y*: 7.08%

FRDPX

• 1D: -0.22%
• 1M: 0.76%
• YTD: 5.20%
• 6M: 4.44%
• 1Y: 13.66%
• 3Y*: 11.46%
• 5Y*: 8.39%
• 10Y*: 11.53%

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

FEMDX vs. FRDPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEMDX Franklin Emerging Market Debt Opportunities Fund	8.24%	15.69%	11.83%	15.47%	-8.87%	1.58%	3.93%	9.92%	-1.19%	11.68%
FRDPX Franklin Rising Dividends Fund	5.20%	11.96%	10.92%	12.10%	-10.69%	26.62%	16.29%	29.83%	-5.27%	17.33%

Correlation

The correlation between FEMDX and FRDPX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since May 31, 2006	0.36

The correlation between FEMDX and FRDPX shifts across timeframes, from 0.36 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FEMDX vs. FRDPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEMDX

FEMDX Risk / Return Rank: 98
FEMDX Sharpe Ratio Rank: 99
FEMDX Sortino Ratio Rank: 99
FEMDX Omega Ratio Rank: 98
FEMDX Calmar Ratio Rank: 96
FEMDX Martin Ratio Rank: 98

FRDPX

FRDPX Risk / Return Rank: 32
FRDPX Sharpe Ratio Rank: 30
FRDPX Sortino Ratio Rank: 30
FRDPX Omega Ratio Rank: 27
FRDPX Calmar Ratio Rank: 34
FRDPX Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEMDX vs. FRDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Debt Opportunities Fund (FEMDX) 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.

	FEMDX	FRDPX	Difference
Sharpe ratio: Return per unit of total volatility	4.60	1.45	+3.15
Sortino ratio: Return per unit of downside risk	7.83	2.11	+5.72
Omega ratio: Gain probability vs. loss probability	2.12	1.25	+0.86
Calmar ratio: Return relative to maximum drawdown	5.68	2.09	+3.59
Martin ratio: Return relative to average drawdown	26.95	8.15	+18.79

FEMDX vs. FRDPX - Sharpe Ratio Comparison

The current FEMDX Sharpe Ratio is 4.60, which is higher than the FRDPX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FEMDX 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

FEMDX vs. FRDPX - Drawdown Comparison

The maximum FEMDX drawdown since its inception was -36.14%, smaller than the maximum FRDPX drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for FEMDX and FRDPX.

Drawdown Indicators

	FEMDX	FRDPX	Difference
Max Drawdown Largest peak-to-trough decline	-36.14%	-51.57%	+15.43%
Max Drawdown (1Y) Largest decline over 1 year	-3.54%	-7.10%	+3.56%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-18.26%	+12.09%
Max Drawdown (5Y) Largest decline over 5 years	-19.93%	-21.07%	+1.14%
Max Drawdown (10Y) Largest decline over 10 years	-19.93%	-34.89%	+14.96%
Current Drawdown Current decline from peak	-0.37%	-0.92%	+0.55%
Average Drawdown Average peak-to-trough decline	-4.74%	-5.81%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	1.82%	-1.08%

Volatility

FEMDX vs. FRDPX - Volatility Comparison

The current volatility for Franklin Emerging Market Debt Opportunities Fund (FEMDX) is 1.06%, while Franklin Rising Dividends Fund (FRDPX) has a volatility of 2.79%. This indicates that FEMDX experiences smaller price fluctuations and is considered to be less risky than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEMDX	FRDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	2.79%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	3.78%	7.83%	-4.05%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	10.28%	-5.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	15.36%	-8.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.91%	17.19%	-11.28%

FEMDX vs. FRDPX - Expense Ratio Comparison

FEMDX has a 1.00% expense ratio, which is higher than FRDPX's 0.85% expense ratio.

Dividends

FEMDX vs. FRDPX - Dividend Comparison

FEMDX's dividend yield for the trailing twelve months is around 5.99%, less than FRDPX's 9.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEMDX Franklin Emerging Market Debt Opportunities Fund	5.99%	6.49%	4.65%	3.12%	9.31%	0.00%	0.00%	7.29%	8.06%	4.29%	0.69%	6.04%
FRDPX Franklin Rising Dividends Fund	9.72%	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 FEMDX and FRDPX in my portfolio?

FEMDX and FRDPX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEMDX or FRDPX?

FRDPX has higher volatility (2.79%) compared to FEMDX (1.06%). In terms of maximum drawdown, FEMDX dropped -36.14% vs FRDPX's -51.57%.

Which has better risk-adjusted returns?

FEMDX currently has the higher Sharpe Ratio (4.60 vs 1.45), 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.