FLTKX vs. TFEQX

Last updated Jul 14, 2026

FLTKX (Franklin LifeSmart 2055 Retirement Target Fund) and TFEQX (Templeton Institutional Fund International Equity Series) are both mutual funds - FLTKX is a Target Retirement Date fund managed by Franklin Templeton, while TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton. Over the past 10 years, FLTKX returned 11.34%/yr vs 9.11%/yr for TFEQX. A 0.79 correlation means they provide meaningful diversification when combined. FLTKX charges 0.24%/yr vs 0.83%/yr for TFEQX.

Performance

FLTKX vs. TFEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin LifeSmart 2055 Retirement Target Fund (FLTKX) and Templeton Institutional Fund International Equity Series (TFEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLTKX achieves a 11.92% return, which is significantly lower than TFEQX's 15.10% return. Over the past 10 years, FLTKX has outperformed TFEQX with an annualized return of 11.34%, while TFEQX has yielded a comparatively lower 9.11% annualized return.

FLTKX

• 1D: 0.47%
• 1M: 1.49%
• 6M: 9.03%
• YTD: 11.92%
• 1Y: 23.77%
• 3Y*: 19.26%
• 5Y*: 10.31%
• 10Y*: 11.34%

TFEQX

• 1D: 0.47%
• 1M: -0.56%
• 6M: 10.71%
• YTD: 15.10%
• 1Y: 24.78%
• 3Y*: 21.92%
• 5Y*: 12.34%
• 10Y*: 9.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLTKX vs. TFEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLTKX Franklin LifeSmart 2055 Retirement Target Fund	11.92%	21.87%	16.05%	19.58%	-17.27%	17.56%	16.18%	22.67%	-7.16%	17.32%
TFEQX Templeton Institutional Fund International Equity Series	15.10%	31.58%	9.44%	22.68%	-9.21%	5.70%	5.29%	11.56%	-17.40%	19.78%

Correlation

The correlation between FLTKX and TFEQX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.79

The correlation between FLTKX and TFEQX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

FLTKX vs. TFEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTKX

FLTKX Risk / Return Rank: 64
FLTKX Sharpe Ratio Rank: 64
FLTKX Sortino Ratio Rank: 61
FLTKX Omega Ratio Rank: 62
FLTKX Calmar Ratio Rank: 62
FLTKX Martin Ratio Rank: 72

TFEQX

TFEQX Risk / Return Rank: 43
TFEQX Sharpe Ratio Rank: 40
TFEQX Sortino Ratio Rank: 42
TFEQX Omega Ratio Rank: 42
TFEQX Calmar Ratio Rank: 45
TFEQX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLTKX vs. TFEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2055 Retirement Target Fund (FLTKX) and Templeton Institutional Fund International Equity Series (TFEQX). 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.

	FLTKX	TFEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.42	+0.36
Sortino ratio: Return per unit of downside risk	2.45	2.09	+0.36
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.06
Calmar ratio: Return relative to maximum drawdown	2.41	2.07	+0.34
Martin ratio: Return relative to average drawdown	10.42	7.32	+3.09

FLTKX vs. TFEQX - Sharpe Ratio Comparison

The current FLTKX Sharpe Ratio is 1.77, which is comparable to the TFEQX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FLTKX and TFEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLTKX vs. TFEQX - Drawdown Comparison

The maximum FLTKX drawdown since its inception was -35.72%, smaller than the maximum TFEQX drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for FLTKX and TFEQX.

Drawdown Indicators

	FLTKX	TFEQX	Difference
Max Drawdown Largest peak-to-trough decline	-35.72%	-57.70%	+21.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-11.56%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-15.73%	-16.94%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-35.72%	-29.20%	-6.52%
Max Drawdown (10Y) Largest decline over 10 years	-35.72%	-42.65%	+6.93%
Current Drawdown Current decline from peak	-0.33%	-2.01%	+1.68%
Average Drawdown Average peak-to-trough decline	-7.12%	-10.49%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	3.26%	-1.04%

Volatility

FLTKX vs. TFEQX - Volatility Comparison

The current volatility for Franklin LifeSmart 2055 Retirement Target Fund (FLTKX) is 4.94%, while Templeton Institutional Fund International Equity Series (TFEQX) has a volatility of 5.85%. This indicates that FLTKX experiences smaller price fluctuations and is considered to be less risky than TFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTKX	TFEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.85%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	11.06%	14.45%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	16.87%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	18.85%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	17.36%	-0.71%

FLTKX vs. TFEQX - Expense Ratio Comparison

FLTKX has a 0.24% expense ratio, which is lower than TFEQX's 0.83% expense ratio.

Dividends

FLTKX vs. TFEQX - Dividend Comparison

FLTKX's dividend yield for the trailing twelve months is around 5.28%, less than TFEQX's 37.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTKX Franklin LifeSmart 2055 Retirement Target Fund	5.28%	5.86%	2.70%	2.31%	4.02%	19.28%	2.35%	2.08%	3.98%	0.54%	1.87%	0.00%
TFEQX Templeton Institutional Fund International Equity Series	37.22%	42.84%	16.75%	14.08%	6.20%	34.04%	6.78%	6.65%	22.18%	1.60%	3.46%	2.46%

Frequently Asked Questions

Can I hold both FLTKX and TFEQX in my portfolio?

FLTKX and TFEQX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTKX or TFEQX?

TFEQX has higher volatility (5.85%) compared to FLTKX (4.94%). In terms of maximum drawdown, FLTKX dropped -35.72% vs TFEQX's -57.70%.

Which has better risk-adjusted returns?

FLTKX currently has the higher Sharpe Ratio (1.77 vs 1.42), 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.