FLRLX vs. FRIAX
Compare and contrast key facts about Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) and Franklin Income Fund Advisor Class (FRIAX).
FLRLX is managed by Franklin Templeton. It was launched on Jul 31, 2006. FRIAX is managed by Franklin Templeton. It was launched on Aug 28, 1997.
Performance
FLRLX vs. FRIAX - Performance Comparison
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FLRLX vs. FRIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | -1.82% | 20.46% | 14.99% | 18.90% | -17.36% | 17.28% | 16.02% | 22.52% | -7.14% | 19.04% |
FRIAX Franklin Income Fund Advisor Class | 3.03% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
Returns By Period
In the year-to-date period, FLRLX achieves a -1.82% return, which is significantly lower than FRIAX's 3.03% return. Over the past 10 years, FLRLX has outperformed FRIAX with an annualized return of 9.96%, while FRIAX has yielded a comparatively lower 7.81% annualized return.
FLRLX
- 1D
- 2.61%
- 1M
- -5.36%
- YTD
- -1.82%
- 6M
- 0.87%
- 1Y
- 18.12%
- 3Y*
- 14.98%
- 5Y*
- 8.15%
- 10Y*
- 9.96%
FRIAX
- 1D
- 0.80%
- 1M
- -1.57%
- YTD
- 3.03%
- 6M
- 5.15%
- 1Y
- 12.76%
- 3Y*
- 9.45%
- 5Y*
- 6.79%
- 10Y*
- 7.81%
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FLRLX vs. FRIAX - Expense Ratio Comparison
FLRLX has a 0.25% expense ratio, which is lower than FRIAX's 0.46% expense ratio.
Return for Risk
FLRLX vs. FRIAX — Risk / Return Rank
FLRLX
FRIAX
FLRLX vs. FRIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) 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.
| FLRLX | FRIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.70 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.46 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.08 | -0.33 |
Martin ratioReturn relative to average drawdown | 8.07 | 10.22 | -2.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLRLX | FRIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.70 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.85 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.84 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.80 | -0.26 |
Correlation
The correlation between FLRLX and FRIAX is 0.72, 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.
Dividends
FLRLX vs. FRIAX - Dividend Comparison
FLRLX's dividend yield for the trailing twelve months is around 6.86%, more than FRIAX's 5.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 6.86% | 6.74% | 3.17% | 2.49% | 4.28% | 21.72% | 4.14% | 3.20% | 6.45% | 2.33% | 2.44% | 4.46% |
FRIAX Franklin Income Fund Advisor Class | 5.26% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
Drawdowns
FLRLX vs. FRIAX - Drawdown Comparison
The maximum FLRLX drawdown since its inception was -36.66%, smaller than the maximum FRIAX drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for FLRLX and FRIAX.
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Drawdown Indicators
| FLRLX | FRIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -43.23% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -6.38% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -13.63% | -23.03% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -24.10% | -12.56% |
Current DrawdownCurrent decline from peak | -6.54% | -1.89% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -3.94% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.30% | +1.01% |
Volatility
FLRLX vs. FRIAX - Volatility Comparison
Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) has a higher volatility of 5.55% compared to Franklin Income Fund Advisor Class (FRIAX) at 2.29%. This indicates that FLRLX'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
| FLRLX | FRIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 2.29% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 3.90% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.78% | 7.57% | +7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 8.04% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 9.34% | +7.00% |