FMTIX vs. FKINX

Last updated Aug 1, 2026

FMTIX (Franklin Moderate Allocation Fund) and FKINX (Franklin Income Fund Class A1) are both Diversified Portfolio funds from Franklin Templeton. Over the past 10 years, FMTIX returned 7.80%/yr vs 7.09%/yr for FKINX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FMTIX charges 0.63%/yr vs 0.61%/yr for FKINX.

Performance

FMTIX vs. FKINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Moderate Allocation Fund (FMTIX) and Franklin Income Fund Class A1 (FKINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTIX achieves a 6.17% return, which is significantly higher than FKINX's 5.21% return. Over the past 10 years, FMTIX has outperformed FKINX with an annualized return of 7.80%, while FKINX has yielded a comparatively lower 7.09% annualized return.

FMTIX

• 1D: 1.37%
• 1M: -0.52%
• 6M: 4.22%
• YTD: 6.17%
• 1Y: 14.34%
• 3Y*: 12.37%
• 5Y*: 6.20%
• 10Y*: 7.80%
• ALL TIME*: 6.48%

FKINX

• 1D: 0.00%
• 1M: -0.39%
• 6M: 2.28%
• YTD: 5.21%
• 1Y: 11.90%
• 3Y*: 9.18%
• 5Y*: 6.35%
• 10Y*: 7.09%
• ALL TIME*: 7.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FKINX Franklin Income Fund Class A1	$0.00	$0.00	$0.00
FMTIX Franklin Moderate Allocation Fund	$0.00	$0.00	$0.00

FMTIX vs. FKINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMTIX Franklin Moderate Allocation Fund	6.17%	15.05%	11.80%	14.38%	-16.11%	12.37%	12.36%	17.38%	-4.81%	13.50%
FKINX Franklin Income Fund Class A1	5.21%	12.24%	7.12%	8.65%	-5.29%	17.21%	3.57%	15.75%	-5.54%	8.43%

Correlation

The correlation between FMTIX and FKINX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996	0.67

The correlation between FMTIX and FKINX shifts across timeframes, from 0.51 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FMTIX vs. FKINX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMTIX

FMTIX Risk / Return Rank: 61
FMTIX Sharpe Ratio Rank: 61
FMTIX Sortino Ratio Rank: 59
FMTIX Omega Ratio Rank: 59
FMTIX Calmar Ratio Rank: 57
FMTIX Martin Ratio Rank: 71

FKINX

FKINX Risk / Return Rank: 87
FKINX Sharpe Ratio Rank: 84
FKINX Sortino Ratio Rank: 85
FKINX Omega Ratio Rank: 86
FKINX Calmar Ratio Rank: 89
FKINX Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMTIX vs. FKINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Moderate Allocation Fund (FMTIX) and Franklin Income Fund Class A1 (FKINX). 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.

	FMTIX	FKINX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.02	-0.52
Sortino ratio: Return per unit of downside risk	2.14	3.05	-0.91
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	2.04	3.23	-1.20
Martin ratio: Return relative to average drawdown	8.83	13.17	-4.33

FMTIX vs. FKINX - Sharpe Ratio Comparison

The current FMTIX Sharpe Ratio is 1.50, which is comparable to the FKINX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FMTIX and FKINX, 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

FMTIX vs. FKINX - Drawdown Comparison

The maximum FMTIX drawdown since its inception was -32.01%, smaller than the maximum FKINX drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for FMTIX and FKINX.

Drawdown Indicators

	FMTIX	FKINX	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-43.18%	+11.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-3.43%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	-10.81%	-7.42%	-3.39%
Max Drawdown (5Y) Largest decline over 5 years	-29.19%	-13.20%	-15.99%
Max Drawdown (10Y) Largest decline over 10 years	-29.19%	-23.91%	-5.28%
Current Drawdown Current decline from peak	-1.35%	-0.39%	-0.96%
Average Drawdown Average peak-to-trough decline	-6.38%	-3.70%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	0.84%	+0.69%

Volatility

FMTIX vs. FKINX - Volatility Comparison

Franklin Moderate Allocation Fund (FMTIX) has a higher volatility of 2.75% compared to Franklin Income Fund Class A1 (FKINX) at 1.56%. This indicates that FMTIX's price experiences larger fluctuations and is considered to be riskier than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMTIX	FKINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	1.56%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	3.93%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	9.02%	5.49%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.43%	7.84%	+4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	9.17%	+1.95%

FMTIX vs. FKINX - Expense Ratio Comparison

FMTIX has a 0.63% expense ratio, which is higher than FKINX's 0.61% expense ratio.

Dividends

FMTIX vs. FKINX - Dividend Comparison

FMTIX's dividend yield for the trailing twelve months is around 7.58%, more than FKINX's 5.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKINX Franklin Income Fund Class A1	5.13%	5.58%	5.59%	5.52%	5.22%	6.52%	5.22%	5.11%	5.34%	5.04%	5.19%	5.71%
FMTIX Franklin Moderate Allocation Fund	7.58%	8.79%	2.24%	2.61%	4.25%	12.93%	4.35%	9.38%	9.15%	4.65%	2.24%	5.42%

Frequently Asked Questions

Can I hold both FMTIX and FKINX in my portfolio?

FMTIX and FKINX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMTIX or FKINX?

FMTIX has higher volatility (2.75%) compared to FKINX (1.56%). In terms of maximum drawdown, FMTIX dropped -32.01% vs FKINX's -43.18%.

Which has better risk-adjusted returns?

FKINX currently has the higher Sharpe Ratio (2.02 vs 1.50), 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.