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FISEX vs. AFVLX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FISEX vs. AFVLX

Last updated Jun 23, 2026

FISEX (Franklin Equity Income Fund) and AFVLX (Applied Finance Select Fund) are both Large Cap Value Equities funds. Over the past 5 years, FISEX returned 11.80%/yr vs 10.01%/yr for AFVLX. Their correlation of 0.91 suggests significant overlap in exposure. FISEX charges 0.85%/yr vs 1.48%/yr for AFVLX.

Performance

FISEX vs. AFVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Equity Income Fund (FISEX) and Applied Finance Select Fund (AFVLX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FISEX achieves a 9.65% return, which is significantly lower than AFVLX's 10.71% return.

FISEX

1D
0.14%
1M
1.43%
YTD
9.65%
6M
9.06%
1Y
24.08%
3Y*
16.58%
5Y*
11.80%
10Y*
11.82%

AFVLX

1D
0.70%
1M
2.50%
YTD
10.71%
6M
9.63%
1Y
22.71%
3Y*
13.97%
5Y*
10.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FISEX vs. AFVLX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FISEX
Franklin Equity Income Fund		9.65%17.05%18.11%9.04%-6.88%25.42%5.53%9.88%
AFVLX
Applied Finance Select Fund		10.71%13.12%7.06%19.43%-10.88%27.73%15.33%12.42%

Correlation

The correlation between FISEX and AFVLX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Sep 3, 2019

0.91

The correlation between FISEX and AFVLX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin Equity Income Fund

Applied Finance Select Fund

Often compared with FISEX:
FISEX vs. VOOFISEX vs. EHSTXFISEX vs. LBWIXFISEX vs. JEPIFISEX vs. FDFIXFISEX vs. SHAPXFISEX vs. QQQ
Often compared with AFVLX:
AFVLX vs. SOPAXAFVLX vs. FSPGXAFVLX vs. SBLGXAFVLX vs. VAFAXAFVLX vs. TOWFXAFVLX vs. HDCTXAFVLX vs. SWLVX

Return for Risk

FISEX vs. AFVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FISEX
FISEX Risk / Return Rank: 8181
Overall Rank
FISEX Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FISEX Sortino Ratio Rank: 7979
Sortino Ratio Rank
FISEX Omega Ratio Rank: 7373
Omega Ratio Rank
FISEX Calmar Ratio Rank: 8585
Calmar Ratio Rank
FISEX Martin Ratio Rank: 8585
Martin Ratio Rank
AFVLX
AFVLX Risk / Return Rank: 4646
Overall Rank
AFVLX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
AFVLX Sortino Ratio Rank: 4343
Sortino Ratio Rank
AFVLX Omega Ratio Rank: 4040
Omega Ratio Rank
AFVLX Calmar Ratio Rank: 5454
Calmar Ratio Rank
AFVLX Martin Ratio Rank: 5252
Martin Ratio Rank
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.

FISEX vs. AFVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Equity Income Fund (FISEX) and Applied Finance Select Fund (AFVLX). 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.

FISEXAFVLXDifference
Sharpe ratioReturn per unit of total volatility
2.44
1.80

+0.64

Sortino ratioReturn per unit of downside risk
3.45
2.53

+0.92

Omega ratioGain probability vs. loss probability

1.43

1.31

+0.12

Calmar ratioReturn relative to maximum drawdown

3.77

2.69

+1.08

Martin ratioReturn relative to average drawdown

14.90

10.07

+4.83

FISEX vs. AFVLX - Sharpe Ratio Comparison

The current FISEX Sharpe Ratio is 2.44, which is higher than the AFVLX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FISEX and AFVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FISEX vs. AFVLX - Drawdown Comparison

The maximum FISEX drawdown since its inception was -56.54%, which is greater than AFVLX's maximum drawdown of -36.29%. Use the drawdown chart below to compare losses from any high point for FISEX and AFVLX.

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Drawdown Indicators

FISEXAFVLXDifference

Max Drawdown

Largest peak-to-trough decline

-56.54%

-36.29%

-20.25%

Max Drawdown (1Y)

Largest decline over 1 year

-6.41%

-8.42%

+2.01%

Max Drawdown (3Y)

Largest decline over 3 years

-16.18%

-17.74%

+1.56%

Max Drawdown (5Y)

Largest decline over 5 years

-18.66%

-20.12%

+1.46%

Max Drawdown (10Y)

Largest decline over 10 years

-32.97%

—

—

Current Drawdown

Current decline from peak

-0.98%

-1.15%

+0.17%

Average Drawdown

Average peak-to-trough decline

-6.43%

-4.72%

-1.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.62%

2.24%

-0.62%

Volatility

FISEX vs. AFVLX - Volatility Comparison

The current volatility for Franklin Equity Income Fund (FISEX) is 2.93%, while Applied Finance Select Fund (AFVLX) has a volatility of 4.13%. This indicates that FISEX experiences smaller price fluctuations and is considered to be less risky than AFVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FISEXAFVLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

4.13%

-1.20%

Volatility (6M)

Calculated over the trailing 6-month period

7.72%

9.55%

-1.83%

Volatility (1Y)

Calculated over the trailing 1-year period

9.91%

12.55%

-2.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.58%

15.99%

-1.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.18%

20.23%

-4.05%

FISEX vs. AFVLX - Expense Ratio Comparison

FISEX has a 0.85% expense ratio, which is lower than AFVLX's 1.48% expense ratio.

Dividends

FISEX vs. AFVLX - Dividend Comparison

FISEX's dividend yield for the trailing twelve months is around 8.69%, more than AFVLX's 3.38% yield.

PositionTTM20252024202320222021202020192018201720162015
AFVLX
Applied Finance Select Fund		3.38%3.74%3.80%1.18%1.02%2.11%1.09%0.68%0.00%0.00%0.00%0.00%
FISEX
Franklin Equity Income Fund		8.69%10.11%10.50%4.22%5.60%7.19%3.05%5.00%6.99%4.81%6.45%5.38%

Frequently Asked Questions

FISEX and AFVLX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AFVLX has higher volatility (4.13%) compared to FISEX (2.93%). In terms of maximum drawdown, FISEX dropped -56.54% vs AFVLX's -36.29%.

FISEX currently has the higher Sharpe Ratio (2.44 vs 1.80), 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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