FLRHX vs. FRIAX
FLRHX (Franklin LifeSmart 2035 Retirement Target Fund) and FRIAX (Franklin Income Fund Advisor Class) are both mutual funds - FLRHX is a Target Retirement Date fund managed by Franklin Templeton, while FRIAX is a Diversified Portfolio fund managed by Franklin Templeton. Over the past 10 years, FLRHX returned 9.30%/yr vs 7.29%/yr for FRIAX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FLRHX charges 0.24%/yr vs 0.46%/yr for FRIAX.
Performance
FLRHX vs. FRIAX - Performance Comparison
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Returns By Period
In the year-to-date period, FLRHX achieves a 7.47% return, which is significantly higher than FRIAX's 5.78% return. Over the past 10 years, FLRHX has outperformed FRIAX with an annualized return of 9.30%, while FRIAX has yielded a comparatively lower 7.29% annualized return.
FLRHX
- 1D
- 1.63%
- 1M
- -0.41%
- 6M
- 4.98%
- YTD
- 7.47%
- 1Y
- 16.97%
- 3Y*
- 13.96%
- 5Y*
- 7.52%
- 10Y*
- 9.30%
- ALL TIME*
- 8.23%
FRIAX
- 1D
- 0.40%
- 1M
- 0.00%
- 6M
- 2.79%
- YTD
- 5.78%
- 1Y
- 12.15%
- 3Y*
- 9.55%
- 5Y*
- 6.50%
- 10Y*
- 7.29%
- ALL TIME*
- 7.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FLRHX vs. FRIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRHX Franklin LifeSmart 2035 Retirement Target Fund | 7.47% | 17.87% | 12.52% | 16.53% | -16.51% | 14.44% | 13.73% | 20.72% | -6.67% | 18.24% |
FRIAX Franklin Income Fund Advisor Class | 5.78% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
Correlation
The correlation between FLRHX and FRIAX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2015 | 0.72 |
Over the past year, the correlation between FLRHX and FRIAX has dropped to 0.52 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
FLRHX vs. FRIAX — Risk / Return Rank
FLRHX
FRIAX
FLRHX vs. FRIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2035 Retirement Target Fund (FLRHX) and Franklin Income Fund Advisor Class (FRIAX). 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.
| FLRHX | FRIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.52 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.85 | -1.76 |
| Martin ratioReturn relative to average drawdown | 8.89 | 14.58 | -5.69 |
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Drawdowns
FLRHX vs. FRIAX - Drawdown Comparison
The maximum FLRHX drawdown since its inception was -33.23%, smaller than the maximum FRIAX drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for FLRHX and FRIAX.
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Drawdown Indicators
| FLRHX | FRIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -43.23% | +10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -3.06% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -11.86% | -7.08% | -4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.23% | -13.63% | -19.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.23% | -24.10% | -9.13% |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -3.90% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 0.81% | +0.98% |
Volatility
FLRHX vs. FRIAX - Volatility Comparison
Franklin LifeSmart 2035 Retirement Target Fund (FLRHX) has a higher volatility of 3.15% compared to Franklin Income Fund Advisor Class (FRIAX) at 1.51%. This indicates that FLRHX's price experiences larger fluctuations and is considered to be riskier than FRIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRHX | FRIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.51% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 3.74% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 5.03% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 7.91% | +7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 9.20% | +4.66% |
FLRHX vs. FRIAX - Expense Ratio Comparison
FLRHX has a 0.24% expense ratio, which is lower than FRIAX's 0.46% expense ratio.
Dividends
FLRHX vs. FRIAX - Dividend Comparison
FLRHX's dividend yield for the trailing twelve months is around 6.68%, more than FRIAX's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRHX Franklin LifeSmart 2035 Retirement Target Fund | 6.68% | 7.46% | 3.01% | 2.83% | 4.09% | 18.13% | 3.89% | 3.94% | 6.43% | 2.24% | 2.54% | 5.76% |
FRIAX Franklin Income Fund Advisor Class | 5.28% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
Frequently Asked Questions
FLRHX and FRIAX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLRHX has higher volatility (3.15%) compared to FRIAX (1.51%). In terms of maximum drawdown, FLRHX dropped -33.23% vs FRIAX's -43.23%.
FRIAX currently has the higher Sharpe Ratio (2.36 vs 1.55), 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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