FNGZX vs. FKDNX
FNGZX (Franklin International Growth Fund) and FKDNX (Franklin DynaTech Fund) are both mutual funds - FNGZX is a Foreign Large Cap Equities fund managed by Franklin Templeton, while FKDNX is a Large Cap Growth Equities fund actively managed by Franklin Templeton. Over the past 10 years, FNGZX returned 6.09%/yr vs 16.75%/yr for FKDNX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FNGZX charges 0.86%/yr vs 0.77%/yr for FKDNX.
Performance
FNGZX vs. FKDNX - Performance Comparison
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Returns By Period
In the year-to-date period, FNGZX achieves a -2.00% return, which is significantly lower than FKDNX's 3.59% return. Over the past 10 years, FNGZX has underperformed FKDNX with an annualized return of 6.09%, while FKDNX has yielded a comparatively higher 16.75% annualized return.
FNGZX
- 1D
- -1.04%
- 1M
- -2.62%
- 6M
- -3.93%
- YTD
- -2.00%
- 1Y
- -2.49%
- 3Y*
- 3.32%
- 5Y*
- -4.10%
- 10Y*
- 6.09%
- ALL TIME*
- 4.16%
FKDNX
- 1D
- 2.04%
- 1M
- -3.28%
- 6M
- 4.95%
- YTD
- 3.59%
- 1Y
- 11.75%
- 3Y*
- 19.30%
- 5Y*
- 6.52%
- 10Y*
- 16.75%
- ALL TIME*
- 13.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNGZX vs. FKDNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | -2.00% | 10.54% | 0.66% | 15.24% | -31.87% | 0.45% | 32.90% | 37.18% | -14.30% | 36.28% |
FKDNX Franklin DynaTech Fund | 3.59% | 18.59% | 30.57% | 44.42% | -40.30% | 12.53% | 57.68% | 36.36% | 2.85% | 39.29% |
Correlation
The correlation between FNGZX and FKDNX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008 | 0.70 |
The correlation between FNGZX and FKDNX has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
FNGZX vs. FKDNX — Risk / Return Rank
FNGZX
FKDNX
FNGZX vs. FKDNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) and Franklin DynaTech Fund (FKDNX). 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.
| FNGZX | FKDNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.45 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.49 | 1.30 | -1.79 |
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Drawdowns
FNGZX vs. FKDNX - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, roughly equal to the maximum FKDNX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FNGZX and FKDNX.
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Drawdown Indicators
| FNGZX | FKDNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -51.63% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -20.49% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -26.23% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -48.28% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -48.28% | +0.65% |
Current DrawdownCurrent decline from peak | -22.67% | -8.72% | -13.95% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -11.24% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.46% | 7.09% | -0.63% |
Volatility
FNGZX vs. FKDNX - Volatility Comparison
The current volatility for Franklin International Growth Fund (FNGZX) is 4.89%, while Franklin DynaTech Fund (FKDNX) has a volatility of 9.05%. This indicates that FNGZX experiences smaller price fluctuations and is considered to be less risky than FKDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGZX | FKDNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 9.05% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 19.76% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.19% | 23.90% | -5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 26.75% | -5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.10% | 24.88% | -4.78% |
FNGZX vs. FKDNX - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is higher than FKDNX's 0.77% expense ratio.
Dividends
FNGZX vs. FKDNX - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.44%, less than FKDNX's 10.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKDNX Franklin DynaTech Fund | 10.78% | 11.17% | 0.00% | 0.00% | 0.00% | 1.43% | 0.00% | 0.74% | 2.92% | 1.77% | 3.55% | 2.46% |
FNGZX Franklin International Growth Fund | 3.44% | 3.37% | 2.07% | 0.00% | 1.74% | 1.11% | 2.23% | 0.30% | 2.04% | 1.31% | 0.90% | 0.36% |
Frequently Asked Questions
FNGZX and FKDNX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FKDNX has higher volatility (9.05%) compared to FNGZX (4.89%). In terms of maximum drawdown, FNGZX dropped -53.35% vs FKDNX's -51.63%.
FKDNX currently has the higher Sharpe Ratio (0.39 vs -0.18), 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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