FKUTX vs. CZA
Compare and contrast key facts about Franklin Utilities Fund (FKUTX) and Invesco Zacks Mid-Cap ETF (CZA).
FKUTX is managed by Franklin Templeton Investments. It was launched on Sep 29, 1948. CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FKUTX or CZA.
Key characteristics
| FKUTX | CZA | |
|---|---|---|
| YTD Return | 27.66% | 13.08% |
| 1Y Return | 27.12% | 22.33% |
| 3Y Return (Ann) | 10.65% | 6.50% |
| 5Y Return (Ann) | 7.79% | 9.22% |
| 10Y Return (Ann) | 8.98% | 9.30% |
| Sharpe Ratio | 1.69 | 1.71 |
| Daily Std Dev | 16.11% | 13.14% |
| Max Drawdown | -43.61% | -53.20% |
| Current Drawdown | -0.16% | 0.00% |
Correlation
The correlation between FKUTX and CZA is 0.50, 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.
Performance
FKUTX vs. CZA - Performance Comparison
In the year-to-date period, FKUTX achieves a 27.66% return, which is significantly higher than CZA's 13.08% return. Both investments have delivered pretty close results over the past 10 years, with FKUTX having a 8.98% annualized return and CZA not far ahead at 9.30%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FKUTX vs. CZA - Expense Ratio Comparison
FKUTX has a 0.72% expense ratio, which is higher than CZA's 0.69% expense ratio.
Risk-Adjusted Performance
FKUTX vs. CZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Utilities Fund (FKUTX) and Invesco Zacks Mid-Cap ETF (CZA). 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.
Dividends
FKUTX vs. CZA - Dividend Comparison
FKUTX's dividend yield for the trailing twelve months is around 5.12%, more than CZA's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKUTX Franklin Utilities Fund | 5.12% | 6.46% | 3.73% | 4.96% | 9.88% | 3.95% | 5.83% | 4.19% | 2.76% | 6.14% | 2.59% | 3.51% |
CZA Invesco Zacks Mid-Cap ETF | 1.21% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.27% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
Drawdowns
FKUTX vs. CZA - Drawdown Comparison
The maximum FKUTX drawdown since its inception was -43.61%, smaller than the maximum CZA drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for FKUTX and CZA. For additional features, visit the drawdowns tool.
Volatility
FKUTX vs. CZA - Volatility Comparison
The current volatility for Franklin Utilities Fund (FKUTX) is 2.48%, while Invesco Zacks Mid-Cap ETF (CZA) has a volatility of 3.42%. This indicates that FKUTX experiences smaller price fluctuations and is considered to be less risky than CZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.