FLRLX vs. SPY
Compare and contrast key facts about Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) and State Street SPDR S&P 500 ETF (SPY).
FLRLX 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.
Performance
FLRLX vs. SPY - Performance Comparison
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FLRLX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | -4.32% | 20.46% | 14.99% | 18.90% | -17.36% | 17.28% | 16.02% | 22.52% | -7.14% | 19.04% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FLRLX achieves a -4.32% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, FLRLX has underperformed SPY with an annualized return of 9.67%, while SPY has yielded a comparatively higher 14.06% annualized return.
FLRLX
- 1D
- -0.18%
- 1M
- -8.22%
- YTD
- -4.32%
- 6M
- -1.19%
- 1Y
- 15.41%
- 3Y*
- 14.00%
- 5Y*
- 7.85%
- 10Y*
- 9.67%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FLRLX vs. SPY - Expense Ratio Comparison
FLRLX has a 0.25% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FLRLX vs. SPY — Risk / Return Rank
FLRLX
SPY
FLRLX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) and State Street 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.
| FLRLX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 0.96 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.49 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.53 | -0.22 |
Martin ratioReturn relative to average drawdown | 6.13 | 7.27 | -1.13 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 0.96 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.70 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.79 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Correlation
The correlation between FLRLX and SPY is 0.94, 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. SPY - Dividend Comparison
FLRLX's dividend yield for the trailing twelve months is around 7.04%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 7.04% | 6.74% | 3.17% | 2.49% | 4.28% | 21.72% | 4.14% | 3.20% | 6.45% | 2.33% | 2.44% | 4.46% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FLRLX vs. SPY - Drawdown Comparison
The maximum FLRLX drawdown since its inception was -36.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLRLX and SPY.
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Drawdown Indicators
| FLRLX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -55.19% | +18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -12.05% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -24.50% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -33.72% | -2.94% |
Current DrawdownCurrent decline from peak | -8.92% | -5.53% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -9.09% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.54% | -0.27% |
Volatility
FLRLX vs. SPY - Volatility Comparison
The current volatility for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) is 4.68%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that FLRLX 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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Volatility by Period
| FLRLX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 5.35% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 9.50% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 19.06% | -4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 17.06% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 17.92% | -1.60% |