Correlation
The correlation between FLRDX and SPY is 0.83, 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.
FLRDX vs. SPY
Compare and contrast key facts about Franklin LifeSmart Retirement Income Fund (FLRDX) and SPDR S&P 500 ETF (SPY).
FLRDX is managed by Franklin Templeton. It was launched on Jul 31, 2006. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRDX or SPY.
Performance
FLRDX vs. SPY - Performance Comparison
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Key characteristics
FLRDX:
0.97
SPY:
0.70
FLRDX:
1.28
SPY:
1.02
FLRDX:
1.18
SPY:
1.15
FLRDX:
0.93
SPY:
0.68
FLRDX:
4.17
SPY:
2.57
FLRDX:
1.59%
SPY:
4.93%
FLRDX:
7.44%
SPY:
20.42%
FLRDX:
-17.04%
SPY:
-55.19%
FLRDX:
-1.42%
SPY:
-3.55%
Returns By Period
In the year-to-date period, FLRDX achieves a 1.30% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, FLRDX has underperformed SPY with an annualized return of 3.71%, while SPY has yielded a comparatively higher 12.73% annualized return.
FLRDX
1.30%
0.96%
-0.64%
7.15%
5.82%
4.79%
3.71%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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FLRDX vs. SPY - Expense Ratio Comparison
FLRDX has a 0.05% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLRDX vs. SPY — Risk-Adjusted Performance Rank
FLRDX
SPY
FLRDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart Retirement Income Fund (FLRDX) and 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.
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Dividends
FLRDX vs. SPY - Dividend Comparison
FLRDX's dividend yield for the trailing twelve months is around 5.04%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRDX Franklin LifeSmart Retirement Income Fund | 5.04% | 5.36% | 5.46% | 6.11% | 6.53% | 4.01% | 3.95% | 4.50% | 4.22% | 3.65% | 5.84% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FLRDX vs. SPY - Drawdown Comparison
The maximum FLRDX drawdown since its inception was -17.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLRDX and SPY.
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Volatility
FLRDX vs. SPY - Volatility Comparison
The current volatility for Franklin LifeSmart Retirement Income Fund (FLRDX) is 1.75%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that FLRDX 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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