FRBSX vs. FKDNX

Last updated Jul 3, 2026

FRBSX (Franklin Mutual U.S. Mid Cap Value Fund) and FKDNX (Franklin DynaTech Fund) are both mutual funds - FRBSX is a Mid Cap Value 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, FRBSX returned 8.92%/yr vs 18.19%/yr for FKDNX. A 0.63 correlation means they provide meaningful diversification when combined. FRBSX charges 0.91%/yr vs 0.77%/yr for FKDNX.

Performance

FRBSX vs. FKDNX - 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 Franklin DynaTech Fund (FKDNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FRBSX having a 9.72% return and FKDNX slightly higher at 9.83%. Over the past 10 years, FRBSX has underperformed FKDNX with an annualized return of 8.92%, while FKDNX has yielded a comparatively higher 18.19% annualized return.

FRBSX

• 1D: -0.49%
• 1M: 2.22%
• 6M: 9.72%
• YTD: 9.72%
• 1Y: 10.45%
• 3Y*: 11.28%
• 5Y*: 6.28%
• 10Y*: 8.92%

FKDNX

• 1D: -1.19%
• 1M: -3.22%
• 6M: 9.83%
• YTD: 9.83%
• 1Y: 21.04%
• 3Y*: 23.07%
• 5Y*: 8.14%
• 10Y*: 18.19%

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

FRBSX vs. FKDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRBSX Franklin Mutual U.S. Mid Cap Value Fund	9.72%	6.57%	10.78%	9.00%	-6.81%	26.62%	-2.40%	24.53%	-12.64%	12.50%
FKDNX Franklin DynaTech Fund	9.83%	18.59%	30.57%	44.42%	-40.30%	12.53%	57.68%	36.36%	2.85%	39.29%

Correlation

The correlation between FRBSX and FKDNX 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	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 30, 1990	0.63

Over the past year, the correlation between FRBSX and FKDNX has dropped to 0.39 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

FRBSX vs. FKDNX — Risk / Return Rank

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

FRBSX

FRBSX Risk / Return Rank: 15
FRBSX Sharpe Ratio Rank: 15
FRBSX Sortino Ratio Rank: 16
FRBSX Omega Ratio Rank: 14
FRBSX Calmar Ratio Rank: 16
FRBSX Martin Ratio Rank: 15

FKDNX

FKDNX Risk / Return Rank: 18
FKDNX Sharpe Ratio Rank: 20
FKDNX Sortino Ratio Rank: 19
FKDNX Omega Ratio Rank: 20
FKDNX Calmar Ratio Rank: 16
FKDNX Martin Ratio Rank: 16

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.

FRBSX vs. FKDNX - 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 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.

	FRBSX	FKDNX	Difference
Sharpe ratio: Return per unit of total volatility	0.80	0.98	-0.18
Sortino ratio: Return per unit of downside risk	1.28	1.40	-0.12
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.04
Calmar ratio: Return relative to maximum drawdown	1.08	1.07	+0.01
Martin ratio: Return relative to average drawdown	3.09	3.25	-0.15

FRBSX vs. FKDNX - Sharpe Ratio Comparison

The current FRBSX Sharpe Ratio is 0.80, which is comparable to the FKDNX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of FRBSX and FKDNX, 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. FKDNX - Drawdown Comparison

The maximum FRBSX drawdown since its inception was -63.47%, which is greater than FKDNX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FRBSX and FKDNX.

Drawdown Indicators

	FRBSX	FKDNX	Difference
Max Drawdown Largest peak-to-trough decline	-63.47%	-51.63%	-11.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-20.49%	+10.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.29%	-26.23%	+8.94%
Max Drawdown (5Y) Largest decline over 5 years	-21.76%	-48.28%	+26.52%
Max Drawdown (10Y) Largest decline over 10 years	-43.69%	-48.28%	+4.59%
Current Drawdown Current decline from peak	-1.70%	-3.22%	+1.52%
Average Drawdown Average peak-to-trough decline	-8.12%	-11.24%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	6.73%	-3.21%

Volatility

FRBSX vs. FKDNX - Volatility Comparison

The current volatility for Franklin Mutual U.S. Mid Cap Value Fund (FRBSX) is 4.62%, while Franklin DynaTech Fund (FKDNX) has a volatility of 10.34%. This indicates that FRBSX 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.

Volatility by Period

	FRBSX	FKDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	10.34%	-5.72%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	18.19%	-7.82%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	22.42%	-8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	26.52%	-9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	24.74%	-5.50%

FRBSX vs. FKDNX - Expense Ratio Comparison

FRBSX has a 0.91% expense ratio, which is higher than FKDNX's 0.77% expense ratio.

Dividends

FRBSX vs. FKDNX - Dividend Comparison

FRBSX's dividend yield for the trailing twelve months is around 4.20%, less than FKDNX's 10.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKDNX Franklin DynaTech Fund	10.17%	11.17%	0.00%	0.00%	0.00%	1.43%	0.00%	0.74%	2.92%	1.77%	3.55%	2.46%
FRBSX Franklin Mutual U.S. Mid Cap Value Fund	4.20%	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 FKDNX in my portfolio?

FRBSX and FKDNX 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, FRBSX or FKDNX?

FKDNX has higher volatility (10.34%) compared to FRBSX (4.62%). In terms of maximum drawdown, FRBSX dropped -63.47% vs FKDNX's -51.63%.

Which has better risk-adjusted returns?

FKDNX currently has the higher Sharpe Ratio (0.98 vs 0.80), 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.