FGTIX vs. SPY
Compare and contrast key facts about Franklin Growth Allocation Fund (FGTIX) and State Street SPDR S&P 500 ETF (SPY).
FGTIX is managed by Franklin Templeton. It was launched on Dec 30, 1996. 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.
Performance
FGTIX vs. SPY - Performance Comparison
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FGTIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGTIX Franklin Growth Allocation Fund | -4.56% | 17.82% | 15.13% | 17.62% | -17.12% | 16.39% | 14.54% | 21.85% | -6.45% | 18.06% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with FGTIX having a -4.56% return and SPY slightly higher at -4.37%. Over the past 10 years, FGTIX has underperformed SPY with an annualized return of 9.11%, while SPY has yielded a comparatively higher 13.98% annualized return.
FGTIX
- 1D
- -0.19%
- 1M
- -7.42%
- YTD
- -4.56%
- 6M
- -1.79%
- 1Y
- 13.57%
- 3Y*
- 12.93%
- 5Y*
- 7.20%
- 10Y*
- 9.11%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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FGTIX vs. SPY - Expense Ratio Comparison
FGTIX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FGTIX vs. SPY — Risk / Return Rank
FGTIX
SPY
FGTIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Allocation Fund (FGTIX) and State Street 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.
| FGTIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.93 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.45 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.53 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.85 | 7.30 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGTIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.93 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.78 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.56 | -0.06 |
Correlation
The correlation between FGTIX and SPY is 0.88, 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.
Dividends
FGTIX vs. SPY - Dividend Comparison
FGTIX's dividend yield for the trailing twelve months is around 9.41%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGTIX Franklin Growth Allocation Fund | 9.41% | 8.98% | 2.27% | 3.28% | 4.93% | 14.27% | 5.11% | 11.14% | 9.45% | 6.22% | 2.70% | 6.36% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FGTIX vs. SPY - Drawdown Comparison
The maximum FGTIX drawdown since its inception was -46.40%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FGTIX and SPY.
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Drawdown Indicators
| FGTIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.40% | -55.19% | +8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -12.05% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -31.56% | -24.50% | -7.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | -33.72% | +2.16% |
Current DrawdownCurrent decline from peak | -8.16% | -6.24% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -9.09% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.52% | -0.42% |
Volatility
FGTIX vs. SPY - Volatility Comparison
The current volatility for Franklin Growth Allocation Fund (FGTIX) is 4.16%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that FGTIX 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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Volatility by Period
| FGTIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 5.31% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 9.47% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 19.05% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 17.06% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 17.92% | -4.11% |