FFAAX vs. RAPZX
FFAAX (Franklin Global Allocation Fund) and RAPZX (Cohen & Steers Real Assets Fund Inc) are both Global Allocation funds. Over the past 10 years, FFAAX returned 7.87%/yr vs 6.34%/yr for RAPZX. A 0.69 correlation means they provide meaningful diversification when combined. FFAAX charges 0.66%/yr vs 0.80%/yr for RAPZX.
Performance
FFAAX vs. RAPZX - Performance Comparison
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Returns By Period
In the year-to-date period, FFAAX achieves a 8.35% return, which is significantly lower than RAPZX's 10.26% return. Over the past 10 years, FFAAX has outperformed RAPZX with an annualized return of 7.87%, while RAPZX has yielded a comparatively lower 6.34% annualized return.
FFAAX
- 1D
- 0.93%
- 1M
- 1.36%
- YTD
- 8.35%
- 6M
- 8.23%
- 1Y
- 20.26%
- 3Y*
- 14.50%
- 5Y*
- 8.70%
- 10Y*
- 7.87%
RAPZX
- 1D
- -0.57%
- 1M
- -4.03%
- YTD
- 10.26%
- 6M
- 10.36%
- 1Y
- 12.20%
- 3Y*
- 9.97%
- 5Y*
- 7.18%
- 10Y*
- 6.34%
FFAAX vs. RAPZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFAAX Franklin Global Allocation Fund | 8.35% | 16.24% | 13.12% | 13.24% | -11.61% | 12.01% | 1.70% | 18.06% | -9.60% | 11.59% |
RAPZX Cohen & Steers Real Assets Fund Inc | 10.26% | 11.96% | 4.35% | 3.88% | -2.05% | 23.51% | -0.84% | 17.77% | -8.44% | 6.51% |
Correlation
The correlation between FFAAX and RAPZX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.69 |
Over the past year, the correlation between FFAAX and RAPZX has dropped to 0.37 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
FFAAX vs. RAPZX — Risk / Return Rank
FFAAX
RAPZX
FFAAX vs. RAPZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Global Allocation Fund (FFAAX) and Cohen & Steers Real Assets Fund Inc (RAPZX). 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.
| FFAAX | RAPZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.04 | +0.98 |
| Martin ratioReturn relative to average drawdown | 13.35 | 6.83 | +6.52 |
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Drawdowns
FFAAX vs. RAPZX - Drawdown Comparison
The maximum FFAAX drawdown since its inception was -52.89%, which is greater than RAPZX's maximum drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for FFAAX and RAPZX.
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Drawdown Indicators
| FFAAX | RAPZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.89% | -30.69% | -22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -5.96% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -8.84% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -19.31% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.09% | -30.69% | +0.60% |
Current DrawdownCurrent decline from peak | -0.11% | -5.08% | +4.97% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -8.04% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.77% | -0.27% |
Volatility
FFAAX vs. RAPZX - Volatility Comparison
Franklin Global Allocation Fund (FFAAX) has a higher volatility of 3.60% compared to Cohen & Steers Real Assets Fund Inc (RAPZX) at 2.19%. This indicates that FFAAX's price experiences larger fluctuations and is considered to be riskier than RAPZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFAAX | RAPZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 2.19% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 8.87% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 10.30% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 12.82% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.50% | 12.77% | -1.27% |
FFAAX vs. RAPZX - Expense Ratio Comparison
FFAAX has a 0.66% expense ratio, which is lower than RAPZX's 0.80% expense ratio.
Dividends
FFAAX vs. RAPZX - Dividend Comparison
FFAAX's dividend yield for the trailing twelve months is around 4.95%, more than RAPZX's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFAAX Franklin Global Allocation Fund | 4.95% | 5.12% | 1.33% | 1.88% | 4.66% | 0.90% | 7.65% | 3.24% | 4.24% | 3.19% | 2.40% | 3.22% |
RAPZX Cohen & Steers Real Assets Fund Inc | 1.31% | 1.44% | 3.20% | 2.71% | 3.08% | 9.61% | 1.71% | 2.85% | 2.06% | 1.76% | 2.83% | 2.00% |
Frequently Asked Questions
FFAAX and RAPZX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFAAX has higher volatility (3.60%) compared to RAPZX (2.19%). In terms of maximum drawdown, FFAAX dropped -52.89% vs RAPZX's -30.69%.
FFAAX currently has the higher Sharpe Ratio (2.21 vs 1.18), 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.
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