FQTIX vs. APHFX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Templeton SMACS: Series I (FQTIX) and Artisan High Income Fund Class I (APHFX).

FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019. APHFX is an actively managed fund by Artisan. It was launched on Oct 3, 2016.

Performance

FQTIX vs. APHFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Templeton SMACS: Series I (FQTIX) and Artisan High Income Fund Class I (APHFX). The values are adjusted to include any dividend payments, if applicable.

FQTIX vs. APHFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FQTIX Franklin Templeton SMACS: Series I	0.52%	7.51%	8.03%	13.44%	-14.39%	8.51%	3.68%	4.11%
APHFX Artisan High Income Fund Class I	-1.94%	8.43%	8.60%	13.77%	-10.93%	4.09%	10.22%	6.47%

Returns By Period

In the year-to-date period, FQTIX achieves a 0.52% return, which is significantly higher than APHFX's -1.94% return.

FQTIX

• 1D: 0.25%
• 1M: -1.83%
• YTD: 0.52%
• 6M: 2.66%
• 1Y: 9.72%
• 3Y*: 7.86%
• 5Y*: 3.61%
• 10Y*: —

APHFX

• 1D: 0.11%
• 1M: -2.09%
• YTD: -1.94%
• 6M: -0.84%
• 1Y: 5.13%
• 3Y*: 7.78%
• 5Y*: 3.53%
• 10Y*: —

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

FQTIX vs. APHFX - Expense Ratio Comparison

FQTIX has a 0.00% expense ratio, which is lower than APHFX's 0.71% expense ratio.

APHFX

Artisan High Income Fund Class I

FQTIX

Franklin Templeton SMACS: Series I

Return for Risk

FQTIX vs. APHFX — Risk / Return Rank

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

FQTIX

FQTIX Risk / Return Rank: 97
FQTIX Sharpe Ratio Rank: 97
FQTIX Sortino Ratio Rank: 96
FQTIX Omega Ratio Rank: 97
FQTIX Calmar Ratio Rank: 97
FQTIX Martin Ratio Rank: 97

APHFX

APHFX Risk / Return Rank: 84
APHFX Sharpe Ratio Rank: 86
APHFX Sortino Ratio Rank: 89
APHFX Omega Ratio Rank: 90
APHFX Calmar Ratio Rank: 79
APHFX Martin Ratio Rank: 75

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.

FQTIX vs. APHFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series I (FQTIX) and Artisan High Income Fund Class I (APHFX). 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.

	FQTIX	APHFX	Difference
Sharpe ratio Return per unit of total volatility	2.55	1.66	+0.89
Sortino ratio Return per unit of downside risk	3.46	2.50	+0.96
Omega ratio Gain probability vs. loss probability	1.61	1.40	+0.21
Calmar ratio Return relative to maximum drawdown	3.85	1.86	+1.99
Martin ratio Return relative to average drawdown	17.15	7.17	+9.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FQTIX vs. APHFX - Sharpe Ratio Comparison

The current FQTIX Sharpe Ratio is 2.55, which is higher than the APHFX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FQTIX and APHFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FQTIX	APHFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	1.66	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.73	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.05	-0.50

Correlation

The correlation between FQTIX and APHFX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FQTIX vs. APHFX - Dividend Comparison

FQTIX's dividend yield for the trailing twelve months is around 7.03%, more than APHFX's 6.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FQTIX Franklin Templeton SMACS: Series I	7.03%	5.70%	7.86%	7.64%	8.10%	7.15%	6.89%	5.63%	0.00%	0.00%
APHFX Artisan High Income Fund Class I	6.62%	6.96%	7.39%	5.56%	5.83%	5.50%	6.01%	6.44%	7.25%	7.96%

Drawdowns

FQTIX vs. APHFX - Drawdown Comparison

The maximum FQTIX drawdown since its inception was -24.62%, which is greater than APHFX's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for FQTIX and APHFX.

Drawdown Indicators

	FQTIX	APHFX	Difference
Max Drawdown Largest peak-to-trough decline	-24.62%	-21.51%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.41%	-2.76%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-18.81%	-14.80%	-4.01%
Current Drawdown Current decline from peak	-1.95%	-2.63%	+0.68%
Average Drawdown Average peak-to-trough decline	-4.42%	-2.54%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.71%	-0.17%

Volatility

FQTIX vs. APHFX - Volatility Comparison

Franklin Templeton SMACS: Series I (FQTIX) has a higher volatility of 1.57% compared to Artisan High Income Fund Class I (APHFX) at 1.07%. This indicates that FQTIX's price experiences larger fluctuations and is considered to be riskier than APHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQTIX	APHFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.07%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	2.01%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	3.40%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	4.87%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.80%	5.33%	+2.47%