FGADX vs. FKINX

Last updated Jun 5, 2026

FGADX (Franklin Gold and Precious Metals Fund Advisor Class) and FKINX (Franklin Income Fund Class A1) are both mutual funds - FGADX is a Precious Metals fund actively managed by Franklin Templeton, while FKINX is a Diversified Portfolio fund managed by Franklin Templeton. Over the past 10 years, FGADX returned 15.80%/yr vs 7.44%/yr for FKINX. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.62% expense ratio.

Performance

FGADX vs. FKINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Gold and Precious Metals Fund Advisor Class (FGADX) and Franklin Income Fund Class A1 (FKINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGADX achieves a 2.91% return, which is significantly lower than FKINX's 4.75% return. Over the past 10 years, FGADX has outperformed FKINX with an annualized return of 15.80%, while FKINX has yielded a comparatively lower 7.44% annualized return.

FGADX

• 1D: -3.75%
• 1M: -1.37%
• YTD: 2.91%
• 6M: 14.83%
• 1Y: 77.31%
• 3Y*: 52.21%
• 5Y*: 20.76%
• 10Y*: 15.80%

FKINX

• 1D: -0.39%
• 1M: 0.44%
• YTD: 4.75%
• 6M: 5.17%
• 1Y: 13.85%
• 3Y*: 10.15%
• 5Y*: 6.16%
• 10Y*: 7.44%

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

FGADX vs. FKINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGADX Franklin Gold and Precious Metals Fund Advisor Class	2.91%	197.29%	17.98%	2.20%	-23.24%	-3.76%	44.60%	51.87%	-17.89%	0.06%
FKINX Franklin Income Fund Class A1	4.75%	12.24%	7.12%	8.65%	-5.29%	17.21%	3.57%	15.75%	-5.54%	8.43%

Correlation

The correlation between FGADX and FKINX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997	0.30

The correlation between FGADX and FKINX shifts across timeframes, from 0.28 (10 years) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FGADX vs. FKINX — Risk / Return Rank

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

FGADX

FGADX Risk / Return Rank: 37
FGADX Sharpe Ratio Rank: 42
FGADX Sortino Ratio Rank: 29
FGADX Omega Ratio Rank: 36
FGADX Calmar Ratio Rank: 46
FGADX Martin Ratio Rank: 31

FKINX

FKINX Risk / Return Rank: 84
FKINX Sharpe Ratio Rank: 81
FKINX Sortino Ratio Rank: 82
FKINX Omega Ratio Rank: 83
FKINX Calmar Ratio Rank: 87
FKINX Martin Ratio Rank: 88

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.

FGADX vs. FKINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Gold and Precious Metals Fund Advisor Class (FGADX) and Franklin Income Fund Class A1 (FKINX). 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.

	FGADX	FKINX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.65	-0.78
Sortino ratio: Return per unit of downside risk	2.24	3.96	-1.72
Omega ratio: Gain probability vs. loss probability	1.31	1.57	-0.26
Calmar ratio: Return relative to maximum drawdown	2.55	4.20	-1.65
Martin ratio: Return relative to average drawdown	7.10	17.06	-9.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGADX vs. FKINX - Sharpe Ratio Comparison

The current FGADX Sharpe Ratio is 1.88, which is comparable to the FKINX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of FGADX and FKINX, 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

	FGADX	FKINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.65	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.78	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.80	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.90	-0.64

Drawdowns

FGADX vs. FKINX - Drawdown Comparison

The maximum FGADX drawdown since its inception was -78.57%, which is greater than FKINX's maximum drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for FGADX and FKINX.

Drawdown Indicators

	FGADX	FKINX	Difference
Max Drawdown Largest peak-to-trough decline	-78.57%	-43.18%	-35.39%
Max Drawdown (1Y) Largest decline over 1 year	-31.15%	-3.43%	-27.72%
Max Drawdown (3Y) Largest decline over 3 years	-31.15%	-7.42%	-23.73%
Max Drawdown (5Y) Largest decline over 5 years	-48.77%	-13.20%	-35.57%
Max Drawdown (10Y) Largest decline over 10 years	-49.27%	-23.91%	-25.36%
Current Drawdown Current decline from peak	-23.54%	-0.39%	-23.15%
Average Drawdown Average peak-to-trough decline	-34.71%	-3.71%	-31.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.15%	0.84%	+10.31%

Volatility

FGADX vs. FKINX - Volatility Comparison

Franklin Gold and Precious Metals Fund Advisor Class (FGADX) has a higher volatility of 14.06% compared to Franklin Income Fund Class A1 (FKINX) at 1.20%. This indicates that FGADX's price experiences larger fluctuations and is considered to be riskier than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGADX	FKINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.06%	1.20%	+12.86%
Volatility (6M) Calculated over the trailing 6-month period	35.35%	3.80%	+31.55%
Volatility (1Y) Calculated over the trailing 1-year period	42.23%	5.42%	+36.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.70%	7.91%	+25.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.79%	9.27%	+23.52%

FGADX vs. FKINX - Expense Ratio Comparison

Both FGADX and FKINX have an expense ratio of 0.62%.

Dividends

FGADX vs. FKINX - Dividend Comparison

FGADX's dividend yield for the trailing twelve months is around 9.53%, more than FKINX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGADX Franklin Gold and Precious Metals Fund Advisor Class	9.53%	9.81%	12.51%	3.09%	0.00%	8.83%	10.06%	0.00%	0.00%	0.62%	8.38%	0.00%
FKINX Franklin Income Fund Class A1	5.55%	5.58%	5.59%	5.52%	5.22%	6.52%	5.22%	5.11%	5.34%	5.04%	5.19%	5.71%

Frequently Asked Questions

Can I hold both FGADX and FKINX in my portfolio?

FGADX and FKINX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGADX or FKINX?

FGADX has higher volatility (14.06%) compared to FKINX (1.20%). In terms of maximum drawdown, FGADX dropped -78.57% vs FKINX's -43.18%.

Which has better risk-adjusted returns?

FKINX currently has the higher Sharpe Ratio (2.65 vs 1.88), 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.