FLRLX vs. SPY
Compare and contrast key facts about Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLRLX or SPY.
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.
Performance
FLRLX vs. SPY - Performance Comparison
Key characteristics
FLRLX:
1.27
SPY:
1.72
FLRLX:
1.79
SPY:
2.33
FLRLX:
1.23
SPY:
1.32
FLRLX:
0.82
SPY:
2.61
FLRLX:
6.81
SPY:
10.82
FLRLX:
2.09%
SPY:
2.03%
FLRLX:
11.19%
SPY:
12.75%
FLRLX:
-37.48%
SPY:
-55.19%
FLRLX:
-4.34%
SPY:
-1.05%
Returns By Period
In the year-to-date period, FLRLX achieves a 3.77% return, which is significantly higher than SPY's 2.95% return. Over the past 10 years, FLRLX has underperformed SPY with an annualized return of 4.16%, while SPY has yielded a comparatively higher 13.13% annualized return.
FLRLX
3.77%
4.57%
6.36%
15.80%
3.80%
4.16%
SPY
2.95%
3.78%
11.68%
23.68%
14.09%
13.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Risk-Adjusted Performance
FLRLX vs. SPY — Risk-Adjusted Performance Rank
FLRLX
SPY
FLRLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) 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.
Dividends
FLRLX vs. SPY - Dividend Comparison
FLRLX's dividend yield for the trailing twelve months is around 2.19%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 2.19% | 2.27% | 2.00% | 0.87% | 3.22% | 1.41% | 1.69% | 2.51% | 2.33% | 1.03% | 1.66% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FLRLX vs. SPY - Drawdown Comparison
The maximum FLRLX drawdown since its inception was -37.48%, 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. For additional features, visit the drawdowns tool.
Volatility
FLRLX vs. SPY - Volatility Comparison
The current volatility for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) is 2.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.45%. 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.