FRBSX vs. FIUSX

Last updated Aug 1, 2026

FRBSX (Franklin Mutual U.S. Mid Cap Value Fund) and FIUSX (Delaware Opportunity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, FRBSX returned 8.75%/yr vs 10.81%/yr for FIUSX. Their correlation of 0.85 means they have usually moved in the same direction. FRBSX charges 0.91%/yr vs 1.15%/yr for FIUSX.

Performance

FRBSX vs. FIUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual U.S. Mid Cap Value Fund (FRBSX) and Delaware Opportunity Fund (FIUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRBSX achieves a 10.62% return, which is significantly lower than FIUSX's 20.40% return. Over the past 10 years, FRBSX has underperformed FIUSX with an annualized return of 8.75%, while FIUSX has yielded a comparatively higher 10.81% annualized return.

FRBSX

• 1D: -0.03%
• 1M: 0.36%
• 6M: 6.32%
• YTD: 10.62%
• 1Y: 14.84%
• 3Y*: 10.09%
• 5Y*: 6.67%
• 10Y*: 8.75%
• ALL TIME*: 11.03%

FIUSX

• 1D: 0.72%
• 1M: 0.23%
• 6M: 14.67%
• YTD: 20.40%
• 1Y: 31.34%
• 3Y*: 17.45%
• 5Y*: 11.30%
• 10Y*: 10.81%
• ALL TIME*: 8.99%

*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)
FIUSX Delaware Opportunity Fund	$0.00	$0.00	$0.00
FRBSX Franklin Mutual U.S. Mid Cap Value Fund	$0.00	$0.00	$0.00

FRBSX vs. FIUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRBSX Franklin Mutual U.S. Mid Cap Value Fund	10.62%	6.57%	10.78%	9.00%	-6.81%	26.62%	-2.40%	24.53%	-12.64%	12.50%
FIUSX Delaware Opportunity Fund	20.40%	12.60%	14.07%	11.68%	-9.62%	30.95%	0.88%	29.58%	-15.71%	18.67%

Correlation

The correlation between FRBSX and FIUSX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Aug 24, 1992	0.85

The correlation between FRBSX and FIUSX has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.

Return for Risk

FRBSX vs. FIUSX — Risk / Return Rank

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

FRBSX

FRBSX Risk / Return Rank: 26
FRBSX Sharpe Ratio Rank: 26
FRBSX Sortino Ratio Rank: 28
FRBSX Omega Ratio Rank: 25
FRBSX Calmar Ratio Rank: 26
FRBSX Martin Ratio Rank: 24

FIUSX

FIUSX Risk / Return Rank: 89
FIUSX Sharpe Ratio Rank: 86
FIUSX Sortino Ratio Rank: 85
FIUSX Omega Ratio Rank: 81
FIUSX Calmar Ratio Rank: 96
FIUSX Martin Ratio Rank: 95

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.

FRBSX vs. FIUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual U.S. Mid Cap Value Fund (FRBSX) and Delaware Opportunity Fund (FIUSX). 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.

	FRBSX	FIUSX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.12	-1.19
Sortino ratio: Return per unit of downside risk	1.47	3.08	-1.61
Omega ratio: Gain probability vs. loss probability	1.17	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.24	4.38	-3.14
Martin ratio: Return relative to average drawdown	3.61	16.24	-12.63

FRBSX vs. FIUSX - Sharpe Ratio Comparison

The current FRBSX Sharpe Ratio is 0.93, which is lower than the FIUSX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FRBSX and FIUSX, 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

FRBSX vs. FIUSX - Drawdown Comparison

The maximum FRBSX drawdown since its inception was -63.47%, which is greater than FIUSX's maximum drawdown of -56.30%. Use the drawdown chart below to compare losses from any high point for FRBSX and FIUSX.

Drawdown Indicators

	FRBSX	FIUSX	Difference
Max Drawdown Largest peak-to-trough decline	-63.47%	-56.30%	-7.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-6.75%	-3.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.29%	-21.69%	+4.40%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-21.69%	-0.07%
Max Drawdown (10Y) Largest decline over 10 years	-43.69%	-46.38%	+2.69%
Current Drawdown Current decline from peak	-1.14%	-1.08%	-0.06%
Average Drawdown Average peak-to-trough decline	-8.10%	-9.41%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	1.82%	+1.67%

Volatility

FRBSX vs. FIUSX - Volatility Comparison

Franklin Mutual U.S. Mid Cap Value Fund (FRBSX) has a higher volatility of 3.35% compared to Delaware Opportunity Fund (FIUSX) at 2.98%. This indicates that FRBSX's price experiences larger fluctuations and is considered to be riskier than FIUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRBSX	FIUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	2.98%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	10.60%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	13.96%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	18.05%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	20.51%	-1.28%

FRBSX vs. FIUSX - Expense Ratio Comparison

FRBSX has a 0.91% expense ratio, which is lower than FIUSX's 1.15% expense ratio.

Dividends

FRBSX vs. FIUSX - Dividend Comparison

FRBSX's dividend yield for the trailing twelve months is around 4.16%, less than FIUSX's 9.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIUSX Delaware Opportunity Fund	9.58%	11.53%	12.68%	2.85%	8.96%	5.62%	1.60%	40.65%	12.11%	6.00%	4.23%	1.14%
FRBSX Franklin Mutual U.S. Mid Cap Value Fund	4.16%	4.60%	8.44%	2.32%	4.39%	13.02%	3.71%	7.88%	16.87%	8.07%	6.60%	17.29%

Frequently Asked Questions

Can I hold both FRBSX and FIUSX in my portfolio?

With a correlation of 0.91, FRBSX and FIUSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FRBSX or FIUSX?

FRBSX has higher volatility (3.35%) compared to FIUSX (2.98%). In terms of maximum drawdown, FRBSX dropped -63.47% vs FIUSX's -56.30%.

Which has better risk-adjusted returns?

FIUSX currently has the higher Sharpe Ratio (2.12 vs 0.93), 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.