FLRLX vs. FKDNX
FLRLX (Franklin LifeSmart 2045 Retirement Target Fund) and FKDNX (Franklin DynaTech Fund) are both mutual funds - FLRLX is a Target Retirement Date fund managed by Franklin Templeton, while FKDNX is a Large Cap Growth Equities fund actively managed by Franklin Templeton. Over the past 10 years, FLRLX returned 10.74%/yr vs 16.45%/yr for FKDNX. Their correlation of 0.83 means they have usually moved in the same direction. FLRLX charges 0.25%/yr vs 0.77%/yr for FKDNX.
Performance
FLRLX vs. FKDNX - Performance Comparison
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Returns By Period
In the year-to-date period, FLRLX achieves a 9.29% return, which is significantly higher than FKDNX's 1.52% return. Over the past 10 years, FLRLX has underperformed FKDNX with an annualized return of 10.74%, while FKDNX has yielded a comparatively higher 16.45% annualized return.
FLRLX
- 1D
- 2.02%
- 1M
- -0.37%
- 6M
- 6.22%
- YTD
- 9.29%
- 1Y
- 20.61%
- 3Y*
- 16.28%
- 5Y*
- 9.16%
- 10Y*
- 10.74%
- ALL TIME*
- 9.33%
FKDNX
- 1D
- 4.48%
- 1M
- -5.22%
- 6M
- 2.79%
- YTD
- 1.52%
- 1Y
- 9.52%
- 3Y*
- 18.29%
- 5Y*
- 6.09%
- 10Y*
- 16.45%
- ALL TIME*
- 13.36%
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 |
FLRLX vs. FKDNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 9.29% | 20.46% | 14.99% | 18.90% | -17.36% | 17.28% | 16.02% | 22.52% | -7.14% | 19.04% |
FKDNX Franklin DynaTech Fund | 1.52% | 18.59% | 30.57% | 44.42% | -40.30% | 12.53% | 57.68% | 36.36% | 2.85% | 39.29% |
Correlation
The correlation between FLRLX and FKDNX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2015 | 0.83 |
The correlation between FLRLX and FKDNX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
FLRLX vs. FKDNX — Risk / Return Rank
FLRLX
FKDNX
FLRLX vs. FKDNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) 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.
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.
| FLRLX | FKDNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.07 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 0.36 | +1.77 |
| Martin ratioReturn relative to average drawdown | 9.01 | 1.04 | +7.97 |
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Drawdowns
FLRLX vs. FKDNX - Drawdown Comparison
The maximum FLRLX drawdown since its inception was -36.66%, smaller than the maximum FKDNX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FLRLX and FKDNX.
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Drawdown Indicators
| FLRLX | FKDNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -51.63% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -20.49% | +11.57% |
Max Drawdown (3Y)Largest decline over 3 years | -14.50% | -26.23% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -48.28% | +11.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -48.28% | +11.62% |
Current DrawdownCurrent decline from peak | -1.75% | -10.55% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -11.24% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 7.07% | -4.96% |
Volatility
FLRLX vs. FKDNX - Volatility Comparison
The current volatility for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) is 3.82%, while Franklin DynaTech Fund (FKDNX) has a volatility of 8.76%. This indicates that FLRLX experiences smaller price fluctuations and is considered to be less risky than FKDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRLX | FKDNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 8.76% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 19.68% | -9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 23.82% | -11.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 26.75% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 24.87% | -8.49% |
FLRLX vs. FKDNX - Expense Ratio Comparison
FLRLX has a 0.25% expense ratio, which is lower than FKDNX's 0.77% expense ratio.
Dividends
FLRLX vs. FKDNX - Dividend Comparison
FLRLX's dividend yield for the trailing twelve months is around 6.14%, less than FKDNX's 11.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKDNX Franklin DynaTech Fund | 11.00% | 11.17% | 0.00% | 0.00% | 0.00% | 1.43% | 0.00% | 0.74% | 2.92% | 1.77% | 3.55% | 2.46% |
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 6.14% | 6.74% | 3.17% | 2.49% | 4.28% | 21.72% | 4.14% | 3.20% | 6.45% | 2.33% | 2.44% | 4.46% |
Frequently Asked Questions
FLRLX and FKDNX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FKDNX has higher volatility (8.76%) compared to FLRLX (3.82%). In terms of maximum drawdown, FLRLX dropped -36.66% vs FKDNX's -51.63%.
FLRLX currently has the higher Sharpe Ratio (1.54 vs 0.31), 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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