FHAIX vs. FQTIX
Compare and contrast key facts about Franklin High Income Fund (FHAIX) and Franklin Templeton SMACS: Series I (FQTIX).
FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
FHAIX vs. FQTIX - Performance Comparison
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FHAIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | -1.80% | 7.28% | 7.83% | 13.84% | -9.29% | 5.77% | 6.76% | 6.06% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, FHAIX achieves a -1.80% return, which is significantly lower than FQTIX's 0.52% return.
FHAIX
- 1D
- 0.00%
- 1M
- -2.26%
- YTD
- -1.80%
- 6M
- -0.17%
- 1Y
- 5.96%
- 3Y*
- 7.51%
- 5Y*
- 4.11%
- 10Y*
- 6.26%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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FHAIX vs. FQTIX - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
FHAIX vs. FQTIX — Risk / Return Rank
FHAIX
FQTIX
FHAIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| FHAIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 2.55 | -1.40 |
Sortino ratioReturn per unit of downside risk | 1.58 | 3.46 | -1.88 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.61 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.85 | -2.30 |
Martin ratioReturn relative to average drawdown | 7.48 | 17.15 | -9.67 |
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
| FHAIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.55 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.61 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.55 | +0.47 |
Correlation
The correlation between FHAIX and FQTIX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FHAIX vs. FQTIX - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.92%, less than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 5.92% | 4.71% | 6.37% | 6.09% | 5.97% | 5.63% | 5.19% | 5.45% | 5.99% | 5.49% | 5.84% | 7.19% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHAIX vs. FQTIX - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -31.52%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for FHAIX and FQTIX.
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Drawdown Indicators
| FHAIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -24.62% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -2.41% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -18.81% | +4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | — | — |
Current DrawdownCurrent decline from peak | -2.84% | -1.95% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -4.42% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.54% | +0.18% |
Volatility
FHAIX vs. FQTIX - Volatility Comparison
Franklin High Income Fund (FHAIX) has a higher volatility of 1.77% compared to Franklin Templeton SMACS: Series I (FQTIX) at 1.57%. This indicates that FHAIX's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.57% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 2.38% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 3.85% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 5.92% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 7.80% | -1.56% |