FQEMX vs. FRDPX

Last updated Jun 4, 2026

FQEMX (Franklin Templeton SMACS: Series EM) and FRDPX (Franklin Rising Dividends Fund) are both mutual funds - FQEMX is a Emerging Markets Diversified fund managed by Franklin Templeton, while FRDPX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 3 years, FQEMX returned 48.79%/yr vs 12.13%/yr for FRDPX. A 0.54 correlation means they provide meaningful diversification when combined. FQEMX charges 0.00%/yr vs 0.85%/yr for FRDPX.

Performance

FQEMX vs. FRDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Templeton SMACS: Series EM (FQEMX) and Franklin Rising Dividends Fund (FRDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FQEMX achieves a 90.39% return, which is significantly higher than FRDPX's 5.86% return.

FQEMX

• 1D: 0.04%
• 1M: 29.89%
• YTD: 90.39%
• 6M: 100.76%
• 1Y: 170.59%
• 3Y*: 48.79%
• 5Y*: —
• 10Y*: —

FRDPX

• 1D: 0.47%
• 1M: 3.39%
• YTD: 5.86%
• 6M: 5.39%
• 1Y: 15.37%
• 3Y*: 12.13%
• 5Y*: 8.57%
• 10Y*: 11.41%

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

FQEMX vs. FRDPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FQEMX Franklin Templeton SMACS: Series EM	90.39%	55.98%	6.67%	12.18%	-20.68%	0.32%
FRDPX Franklin Rising Dividends Fund	5.86%	11.96%	10.92%	12.10%	-10.69%	5.47%

Correlation

The correlation between FQEMX and FRDPX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021	0.54

The correlation between FQEMX and FRDPX shifts across timeframes, from 0.39 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FQEMX vs. FRDPX — Risk / Return Rank

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

FQEMX

FQEMX Risk / Return Rank: 98
FQEMX Sharpe Ratio Rank: 100
FQEMX Sortino Ratio Rank: 98
FQEMX Omega Ratio Rank: 97
FQEMX Calmar Ratio Rank: 98
FQEMX Martin Ratio Rank: 98

FRDPX

FRDPX Risk / Return Rank: 34
FRDPX Sharpe Ratio Rank: 31
FRDPX Sortino Ratio Rank: 31
FRDPX Omega Ratio Rank: 29
FRDPX Calmar Ratio Rank: 36
FRDPX Martin Ratio Rank: 42

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.

FQEMX vs. FRDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series EM (FQEMX) and Franklin Rising Dividends Fund (FRDPX). 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.

	FQEMX	FRDPX	Difference
Sharpe ratio: Return per unit of total volatility	6.33	1.60	+4.73
Sortino ratio: Return per unit of downside risk	6.12	2.32	+3.80
Omega ratio: Gain probability vs. loss probability	2.03	1.28	+0.75
Calmar ratio: Return relative to maximum drawdown	9.27	2.28	+6.99
Martin ratio: Return relative to average drawdown	36.36	8.91	+27.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FQEMX vs. FRDPX - Sharpe Ratio Comparison

The current FQEMX Sharpe Ratio is 6.33, which is higher than the FRDPX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of FQEMX and FRDPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FQEMX	FRDPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.33	1.60	+4.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.61	+0.60

Drawdowns

FQEMX vs. FRDPX - Drawdown Comparison

The maximum FQEMX drawdown since its inception was -34.46%, smaller than the maximum FRDPX drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for FQEMX and FRDPX.

Drawdown Indicators

	FQEMX	FRDPX	Difference
Max Drawdown Largest peak-to-trough decline	-34.46%	-51.57%	+17.11%
Max Drawdown (1Y) Largest decline over 1 year	-18.93%	-7.10%	-11.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-18.26%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.89%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.78%	-5.81%	-4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	1.82%	+2.96%

Volatility

FQEMX vs. FRDPX - Volatility Comparison

Franklin Templeton SMACS: Series EM (FQEMX) has a higher volatility of 13.31% compared to Franklin Rising Dividends Fund (FRDPX) at 2.29%. This indicates that FQEMX's price experiences larger fluctuations and is considered to be riskier than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQEMX	FRDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.31%	2.29%	+11.02%
Volatility (6M) Calculated over the trailing 6-month period	24.44%	7.70%	+16.74%
Volatility (1Y) Calculated over the trailing 1-year period	27.74%	10.15%	+17.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	15.36%	+5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	17.18%	+3.91%

FQEMX vs. FRDPX - Expense Ratio Comparison

FQEMX has a 0.00% expense ratio, which is lower than FRDPX's 0.85% expense ratio.

Dividends

FQEMX vs. FRDPX - Dividend Comparison

FQEMX's dividend yield for the trailing twelve months is around 1.67%, less than FRDPX's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQEMX Franklin Templeton SMACS: Series EM	1.67%	3.18%	3.15%	4.82%	3.93%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FRDPX Franklin Rising Dividends Fund	9.66%	10.25%	10.15%	4.60%	4.96%	4.42%	0.82%	3.01%	5.20%	0.90%	3.09%	5.30%

Frequently Asked Questions

Can I hold both FQEMX and FRDPX in my portfolio?

FQEMX and FRDPX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FQEMX or FRDPX?

FQEMX has higher volatility (13.31%) compared to FRDPX (2.29%). In terms of maximum drawdown, FQEMX dropped -34.46% vs FRDPX's -51.57%.

Which has better risk-adjusted returns?

FQEMX currently has the higher Sharpe Ratio (6.33 vs 1.60), 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.