FLSOX vs. EMO
FLSOX (Franklin LifeSmart 2050 Retirement Target Fund) and EMO (ClearBridge Energy Midstream Opportunity Fund Inc.) are both mutual funds - FLSOX is a Target Retirement Date fund managed by Franklin Templeton, while EMO is a MLPs fund actively managed by Franklin Templeton. Over the past 10 years, FLSOX returned 11.15%/yr vs 7.75%/yr for EMO. Their 0.43 correlation means their historical movements had little consistent relationship. FLSOX charges 0.25%/yr vs 3.22%/yr for EMO.
Performance
FLSOX vs. EMO - Performance Comparison
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Returns By Period
In the year-to-date period, FLSOX achieves a 9.97% return, which is significantly lower than EMO's 21.52% return. Over the past 10 years, FLSOX has outperformed EMO with an annualized return of 11.15%, while EMO has yielded a comparatively lower 7.75% annualized return.
FLSOX
- 1D
- 2.19%
- 1M
- -0.32%
- 6M
- 6.69%
- YTD
- 9.97%
- 1Y
- 22.05%
- 3Y*
- 17.18%
- 5Y*
- 9.86%
- 10Y*
- 11.15%
- ALL TIME*
- 9.66%
EMO
- 1D
- 1.14%
- 1M
- 5.46%
- 6M
- 10.79%
- YTD
- 21.52%
- 1Y
- 21.50%
- 3Y*
- 28.83%
- 5Y*
- 29.82%
- 10Y*
- 7.75%
- ALL TIME*
- 4.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.85M | $2.08M | $2.48M | |
| $0.00 | $0.00 | $0.00 |
FLSOX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLSOX Franklin LifeSmart 2050 Retirement Target Fund | 9.97% | 21.51% | 15.86% | 19.58% | -17.26% | 17.71% | 16.53% | 22.44% | -7.23% | 19.20% |
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 21.52% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Correlation
The correlation between FLSOX and EMO is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.43 |
The correlation between FLSOX and EMO shifts across timeframes, from -0.04 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLSOX vs. EMO — Risk / Return Rank
FLSOX
EMO
FLSOX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2050 Retirement Target Fund (FLSOX) and ClearBridge Energy Midstream Opportunity Fund Inc. (EMO). 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.
| FLSOX | EMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.89 | +0.26 |
| Martin ratioReturn relative to average drawdown | 9.14 | 3.92 | +5.22 |
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Drawdowns
FLSOX vs. EMO - Drawdown Comparison
The maximum FLSOX drawdown since its inception was -39.36%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for FLSOX and EMO.
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Drawdown Indicators
| FLSOX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.36% | -95.06% | +55.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.44% | -10.87% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -18.81% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -28.59% | -10.77% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -93.02% | +53.66% |
Current DrawdownCurrent decline from peak | -1.80% | -2.16% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -31.67% | +23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 5.24% | -3.02% |
Volatility
FLSOX vs. EMO - Volatility Comparison
The current volatility for Franklin LifeSmart 2050 Retirement Target Fund (FLSOX) is 4.09%, while ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) has a volatility of 5.06%. This indicates that FLSOX experiences smaller price fluctuations and is considered to be less risky than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLSOX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 5.06% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 12.66% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 16.45% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 26.05% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 41.13% | -23.15% |
FLSOX vs. EMO - Expense Ratio Comparison
FLSOX has a 0.25% expense ratio, which is lower than EMO's 3.22% expense ratio.
Dividends
FLSOX vs. EMO - Dividend Comparison
FLSOX's dividend yield for the trailing twelve months is around 5.68%, less than EMO's 8.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 8.35% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
FLSOX Franklin LifeSmart 2050 Retirement Target Fund | 5.68% | 6.32% | 2.59% | 1.97% | 4.39% | 26.85% | 3.04% | 2.33% | 4.40% | 1.95% | 1.79% | 2.99% |
Frequently Asked Questions
FLSOX and EMO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMO has higher volatility (5.06%) compared to FLSOX (4.09%). In terms of maximum drawdown, FLSOX dropped -39.36% vs EMO's -95.06%.
FLSOX currently has the higher Sharpe Ratio (1.55 vs 1.25), 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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