FFACX vs. DPREX

Last updated Jun 4, 2026

FFACX (Franklin Global Allocation Fund Class C) and DPREX (Delaware Global Listed Real Assets Fund) are both Global Allocation funds. Over the past 10 years, FFACX returned 6.77%/yr vs 6.26%/yr for DPREX. A 0.61 correlation means they provide meaningful diversification when combined. FFACX charges 1.74%/yr vs 1.31%/yr for DPREX.

Performance

FFACX vs. DPREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Global Allocation Fund Class C (FFACX) and Delaware Global Listed Real Assets Fund (DPREX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFACX achieves a 7.94% return, which is significantly lower than DPREX's 9.57% return. Over the past 10 years, FFACX has outperformed DPREX with an annualized return of 6.77%, while DPREX has yielded a comparatively lower 6.26% annualized return.

FFACX

• 1D: 0.11%
• 1M: 3.67%
• YTD: 7.94%
• 6M: 8.52%
• 1Y: 18.78%
• 3Y*: 14.10%
• 5Y*: 7.41%
• 10Y*: 6.77%

DPREX

• 1D: 0.54%
• 1M: -0.20%
• YTD: 9.57%
• 6M: 10.06%
• 1Y: 21.64%
• 3Y*: 10.69%
• 5Y*: 6.21%
• 10Y*: 6.26%

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

FFACX vs. DPREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFACX Franklin Global Allocation Fund Class C	7.94%	15.09%	12.06%	11.99%	-12.43%	10.89%	0.71%	16.90%	-10.54%	10.44%
DPREX Delaware Global Listed Real Assets Fund	9.57%	18.95%	-1.23%	7.01%	-7.07%	19.08%	1.22%	30.71%	-7.79%	1.00%

Correlation

The correlation between FFACX and DPREX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Aug 21, 2003	0.61

The correlation between FFACX and DPREX shifts across timeframes, from 0.54 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FFACX vs. DPREX — Risk / Return Rank

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

FFACX

FFACX Risk / Return Rank: 57
FFACX Sharpe Ratio Rank: 56
FFACX Sortino Ratio Rank: 57
FFACX Omega Ratio Rank: 56
FFACX Calmar Ratio Rank: 54
FFACX Martin Ratio Rank: 64

DPREX

DPREX Risk / Return Rank: 86
DPREX Sharpe Ratio Rank: 87
DPREX Sortino Ratio Rank: 84
DPREX Omega Ratio Rank: 81
DPREX Calmar Ratio Rank: 88
DPREX Martin Ratio Rank: 91

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.

FFACX vs. DPREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Allocation Fund Class C (FFACX) and Delaware Global Listed Real Assets Fund (DPREX). 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.

	FFACX	DPREX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.85	-0.64
Sortino ratio: Return per unit of downside risk	3.18	3.97	-0.79
Omega ratio: Gain probability vs. loss probability	1.42	1.54	-0.12
Calmar ratio: Return relative to maximum drawdown	2.82	4.37	-1.55
Martin ratio: Return relative to average drawdown	12.57	18.57	-6.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFACX vs. DPREX - Sharpe Ratio Comparison

The current FFACX Sharpe Ratio is 2.22, which is comparable to the DPREX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of FFACX and DPREX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFACX	DPREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.85	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.60	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.48	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.42	+0.04

Drawdowns

FFACX vs. DPREX - Drawdown Comparison

The maximum FFACX drawdown since its inception was -53.66%, smaller than the maximum DPREX drawdown of -71.95%. Use the drawdown chart below to compare losses from any high point for FFACX and DPREX.

Drawdown Indicators

	FFACX	DPREX	Difference
Max Drawdown Largest peak-to-trough decline	-53.66%	-71.95%	+18.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.75%	-5.00%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	-10.99%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-18.76%	-19.04%	+0.28%
Max Drawdown (10Y) Largest decline over 10 years	-30.23%	-31.40%	+1.17%
Current Drawdown Current decline from peak	0.00%	-0.96%	+0.96%
Average Drawdown Average peak-to-trough decline	-7.97%	-10.76%	+2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	1.17%	+0.34%

Volatility

FFACX vs. DPREX - Volatility Comparison

Franklin Global Allocation Fund Class C (FFACX) has a higher volatility of 2.58% compared to Delaware Global Listed Real Assets Fund (DPREX) at 2.30%. This indicates that FFACX's price experiences larger fluctuations and is considered to be riskier than DPREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFACX	DPREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	2.30%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.03%	5.93%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	7.67%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.01%	10.45%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.47%	13.13%	-1.66%

FFACX vs. DPREX - Expense Ratio Comparison

FFACX has a 1.74% expense ratio, which is higher than DPREX's 1.31% expense ratio.

Dividends

FFACX vs. DPREX - Dividend Comparison

FFACX's dividend yield for the trailing twelve months is around 4.19%, more than DPREX's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPREX Delaware Global Listed Real Assets Fund	2.62%	2.60%	2.46%	1.73%	14.25%	5.80%	1.71%	3.87%	2.49%	3.69%	22.78%	12.98%
FFACX Franklin Global Allocation Fund Class C	4.19%	4.52%	0.39%	0.90%	3.57%	0.45%	6.72%	2.24%	2.38%	2.21%	1.48%	2.17%

Frequently Asked Questions

Can I hold both FFACX and DPREX in my portfolio?

FFACX and DPREX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFACX or DPREX?

FFACX has higher volatility (2.58%) compared to DPREX (2.30%). In terms of maximum drawdown, FFACX dropped -53.66% vs DPREX's -71.95%.

Which has better risk-adjusted returns?

DPREX currently has the higher Sharpe Ratio (2.85 vs 2.22), 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.