FKUQX vs. FKDNX

Last updated Jun 4, 2026

FKUQX (Franklin Utilities Fund Class A) and FKDNX (Franklin DynaTech Fund) are both mutual funds - FKUQX is a Utilities Equities fund actively managed by Franklin Templeton, while FKDNX is a Large Cap Growth Equities fund managed by Franklin Templeton. Over the past 5 years, FKUQX returned 10.44%/yr vs 11.35%/yr for FKDNX. At a 0.23 correlation, their price movements are largely independent. FKUQX charges 0.81%/yr vs 0.79%/yr for FKDNX.

Performance

FKUQX vs. FKDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Utilities Fund Class A (FKUQX) and Franklin DynaTech Fund (FKDNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FKUQX achieves a 5.77% return, which is significantly lower than FKDNX's 13.49% return.

FKUQX

• 1D: 1.74%
• 1M: -4.91%
• YTD: 5.77%
• 6M: 4.31%
• 1Y: 12.65%
• 3Y*: 15.62%
• 5Y*: 10.44%
• 10Y*: —

FKDNX

• 1D: 0.42%
• 1M: 7.25%
• YTD: 13.49%
• 6M: 12.49%
• 1Y: 30.72%
• 3Y*: 25.84%
• 5Y*: 11.35%
• 10Y*: 18.38%

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

FKUQX vs. FKDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FKUQX Franklin Utilities Fund Class A	5.77%	14.51%	27.00%	-5.00%	1.57%	17.88%	-2.21%	29.45%	-5.13%
FKDNX Franklin DynaTech Fund	13.49%	18.59%	30.57%	44.42%	-40.30%	12.53%	57.68%	36.36%	-9.48%

Correlation

The correlation between FKUQX and FKDNX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 4, 2018	0.23

The correlation between FKUQX and FKDNX shifts across timeframes, from 0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FKUQX vs. FKDNX — Risk / Return Rank

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

FKUQX

FKUQX Risk / Return Rank: 14
FKUQX Sharpe Ratio Rank: 12
FKUQX Sortino Ratio Rank: 11
FKUQX Omega Ratio Rank: 11
FKUQX Calmar Ratio Rank: 19
FKUQX Martin Ratio Rank: 14

FKDNX

FKDNX Risk / Return Rank: 23
FKDNX Sharpe Ratio Rank: 30
FKDNX Sortino Ratio Rank: 25
FKDNX Omega Ratio Rank: 27
FKDNX Calmar Ratio Rank: 18
FKDNX Martin Ratio Rank: 17

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.

FKUQX vs. FKDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Utilities Fund Class A (FKUQX) and Franklin DynaTech Fund (FKDNX). 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.

	FKUQX	FKDNX	Difference
Sharpe ratio Return per unit of total volatility	0.93	1.55	-0.62
Sortino ratio Return per unit of downside risk	1.32	2.07	-0.75
Omega ratio Gain probability vs. loss probability	1.17	1.27	-0.11
Calmar ratio Return relative to maximum drawdown	1.60	1.54	+0.06
Martin ratio Return relative to average drawdown	4.11	4.79	-0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FKUQX vs. FKDNX - Sharpe Ratio Comparison

The current FKUQX Sharpe Ratio is 0.93, which is lower than the FKDNX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FKUQX and FKDNX, 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

	FKUQX	FKDNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.55	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.44	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.67	-0.16

Drawdowns

FKUQX vs. FKDNX - Drawdown Comparison

The maximum FKUQX drawdown since its inception was -36.53%, smaller than the maximum FKDNX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FKUQX and FKDNX.

Drawdown Indicators

	FKUQX	FKDNX	Difference
Max Drawdown Largest peak-to-trough decline	-36.53%	-51.63%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-20.49%	+12.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.38%	-26.23%	+9.85%
Max Drawdown (5Y) Largest decline over 5 years	-22.64%	-48.28%	+25.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.28%	—
Current Drawdown Current decline from peak	-6.50%	0.00%	-6.50%
Average Drawdown Average peak-to-trough decline	-6.51%	-11.25%	+4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	6.57%	-3.43%

Volatility

FKUQX vs. FKDNX - Volatility Comparison

Franklin Utilities Fund Class A (FKUQX) has a higher volatility of 5.29% compared to Franklin DynaTech Fund (FKDNX) at 4.76%. This indicates that FKUQX's price experiences larger fluctuations and is considered to be riskier than FKDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKUQX	FKDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	4.76%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	15.85%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	20.38%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	26.21%	-9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	24.61%	-4.07%

FKUQX vs. FKDNX - Expense Ratio Comparison

FKUQX has a 0.81% expense ratio, which is higher than FKDNX's 0.79% expense ratio.

Dividends

FKUQX vs. FKDNX - Dividend Comparison

FKUQX's dividend yield for the trailing twelve months is around 7.69%, less than FKDNX's 9.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKDNX Franklin DynaTech Fund	9.84%	11.17%	0.00%	0.00%	0.00%	1.43%	0.00%	0.74%	2.92%	1.77%	3.55%	2.46%
FKUQX Franklin Utilities Fund Class A	7.69%	7.63%	8.56%	6.36%	3.63%	4.87%	9.48%	5.94%	3.82%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FKUQX and FKDNX in my portfolio?

FKUQX and FKDNX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FKUQX or FKDNX?

FKUQX has higher volatility (5.29%) compared to FKDNX (4.76%). In terms of maximum drawdown, FKUQX dropped -36.53% vs FKDNX's -51.63%.

Which has better risk-adjusted returns?

FKDNX currently has the higher Sharpe Ratio (1.55 vs 0.93), 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.