FQTEX vs. QBDSX
FQTEX (Franklin Templeton SMACS: Series E) and QBDSX (Quantified Managed Income Fund) are both Diversified Portfolio funds. Over the past 5 years, FQTEX returned 11.15%/yr vs 0.70%/yr for QBDSX. Their 0.40 correlation means their historical movements had little consistent relationship. FQTEX charges 0.00%/yr vs 1.31%/yr for QBDSX.
Performance
FQTEX vs. QBDSX - Performance Comparison
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Returns By Period
In the year-to-date period, FQTEX achieves a 8.58% return, which is significantly higher than QBDSX's -0.25% return.
FQTEX
- 1D
- 0.55%
- 1M
- 1.33%
- 6M
- 4.77%
- YTD
- 8.58%
- 1Y
- 20.98%
- 3Y*
- 13.74%
- 5Y*
- 11.15%
- 10Y*
- —
- ALL TIME*
- 12.98%
QBDSX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- -0.88%
- YTD
- -0.25%
- 1Y
- 0.15%
- 3Y*
- 2.24%
- 5Y*
- 0.70%
- 10Y*
- 0.52%
- ALL TIME*
- 0.75%
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 |
FQTEX vs. QBDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FQTEX Franklin Templeton SMACS: Series E | 8.58% | 18.87% | 11.38% | 11.57% | -0.98% | 25.45% | 3.35% | 16.31% |
QBDSX Quantified Managed Income Fund | -0.25% | 5.11% | 1.02% | 2.25% | -4.09% | -0.66% | -9.22% | 4.72% |
Correlation
The correlation between FQTEX and QBDSX is 0.67, 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. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019 | 0.40 |
Over the past year, FQTEX and QBDSX have become more correlated (0.67) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
FQTEX vs. QBDSX — Risk / Return Rank
FQTEX
QBDSX
FQTEX vs. QBDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series E (FQTEX) and Quantified Managed Income Fund (QBDSX). 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.
| FQTEX | QBDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.00 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | -0.03 | +3.28 |
| Martin ratioReturn relative to average drawdown | 11.43 | -0.07 | +11.50 |
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Drawdowns
FQTEX vs. QBDSX - Drawdown Comparison
The maximum FQTEX drawdown since its inception was -33.47%, which is greater than QBDSX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for FQTEX and QBDSX.
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Drawdown Indicators
| FQTEX | QBDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -18.38% | -15.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.77% | -3.09% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.27% | -3.76% | -11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.47% | -7.40% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -0.88% | -8.29% | +7.41% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -6.86% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.43% | +0.23% |
Volatility
FQTEX vs. QBDSX - Volatility Comparison
Franklin Templeton SMACS: Series E (FQTEX) has a higher volatility of 2.61% compared to Quantified Managed Income Fund (QBDSX) at 0.75%. This indicates that FQTEX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FQTEX | QBDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 0.75% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 2.38% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.49% | 3.53% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.96% | 4.31% | +8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 5.24% | +11.39% |
FQTEX vs. QBDSX - Expense Ratio Comparison
FQTEX has a 0.00% expense ratio, which is lower than QBDSX's 1.31% expense ratio.
Dividends
FQTEX vs. QBDSX - Dividend Comparison
FQTEX's dividend yield for the trailing twelve months is around 5.95%, more than QBDSX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQTEX Franklin Templeton SMACS: Series E | 5.95% | 4.74% | 6.17% | 6.56% | 7.78% | 10.36% | 4.31% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% |
QBDSX Quantified Managed Income Fund | 4.49% | 4.47% | 3.98% | 4.51% | 0.54% | 0.71% | 0.87% | 2.26% | 2.04% | 2.51% | 1.00% | 3.89% |
Frequently Asked Questions
FQTEX and QBDSX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FQTEX has higher volatility (2.61%) compared to QBDSX (0.75%). In terms of maximum drawdown, FQTEX dropped -33.47% vs QBDSX's -18.38%.
FQTEX currently has the higher Sharpe Ratio (1.98 vs -0.03), 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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