FRDAX vs. VEIRX

Last updated Jul 25, 2026

FRDAX (Franklin Rising Dividends Fund Advisor Class) and VEIRX (Vanguard Equity Income Fund Admiral Shares) are both Dividend funds. Both are actively managed. Over the past 10 years, FRDAX returned 11.57%/yr vs 11.65%/yr for VEIRX. Their correlation of 0.91 suggests significant overlap in exposure. FRDAX charges 0.43%/yr vs 0.19%/yr for VEIRX.

Performance

FRDAX vs. VEIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Rising Dividends Fund Advisor Class (FRDAX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRDAX achieves a 6.77% return, which is significantly lower than VEIRX's 10.68% return. Both investments have delivered pretty close results over the past 10 years, with FRDAX having a 11.57% annualized return and VEIRX not far ahead at 11.65%.

FRDAX

• 1D: 0.05%
• 1M: 2.06%
• 6M: 5.68%
• YTD: 6.77%
• 1Y: 10.35%
• 3Y*: 10.67%
• 5Y*: 7.82%
• 10Y*: 11.57%
• ALL TIME*: 9.56%

VEIRX

• 1D: -0.40%
• 1M: 2.38%
• 6M: 7.96%
• YTD: 10.68%
• 1Y: 18.56%
• 3Y*: 15.29%
• 5Y*: 11.63%
• 10Y*: 11.65%
• ALL TIME*: 9.03%

*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)
FRDAX Franklin Rising Dividends Fund Advisor Class	$0.00	$0.00	$0.00
VEIRX Vanguard Equity Income Fund Admiral Shares	$0.00	$0.00	$0.00

FRDAX vs. VEIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRDAX Franklin Rising Dividends Fund Advisor Class	6.77%	12.24%	11.20%	12.37%	-10.45%	26.93%	16.58%	30.16%	-5.04%	20.09%
VEIRX Vanguard Equity Income Fund Admiral Shares	10.68%	17.25%	14.91%	7.76%	-0.08%	25.49%	3.08%	25.34%	-5.68%	17.68%

Correlation

The correlation between FRDAX and VEIRX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 3, 2005	0.91

The correlation between FRDAX and VEIRX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

Return for Risk

FRDAX vs. VEIRX — Risk / Return Rank

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

FRDAX

FRDAX Risk / Return Rank: 35
FRDAX Sharpe Ratio Rank: 33
FRDAX Sortino Ratio Rank: 34
FRDAX Omega Ratio Rank: 32
FRDAX Calmar Ratio Rank: 37
FRDAX Martin Ratio Rank: 41

VEIRX

VEIRX Risk / Return Rank: 72
VEIRX Sharpe Ratio Rank: 72
VEIRX Sortino Ratio Rank: 73
VEIRX Omega Ratio Rank: 71
VEIRX Calmar Ratio Rank: 74
VEIRX Martin Ratio Rank: 69

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.

FRDAX vs. VEIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Rising Dividends Fund Advisor Class (FRDAX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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.

	FRDAX	VEIRX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.81	-0.75
Sortino ratio: Return per unit of downside risk	1.57	2.62	-1.05
Omega ratio: Gain probability vs. loss probability	1.19	1.33	-0.14
Calmar ratio: Return relative to maximum drawdown	1.52	2.58	-1.06
Martin ratio: Return relative to average drawdown	5.89	9.56	-3.67

FRDAX vs. VEIRX - Sharpe Ratio Comparison

The current FRDAX Sharpe Ratio is 1.06, which is lower than the VEIRX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of FRDAX and VEIRX, 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

FRDAX vs. VEIRX - Drawdown Comparison

The maximum FRDAX drawdown since its inception was -51.38%, roughly equal to the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for FRDAX and VEIRX.

Drawdown Indicators

	FRDAX	VEIRX	Difference
Max Drawdown Largest peak-to-trough decline	-51.38%	-54.02%	+2.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-7.13%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.28%	-13.36%	-4.92%
Max Drawdown (5Y) Largest decline over 5 years	-20.93%	-15.12%	-5.81%
Max Drawdown (10Y) Largest decline over 10 years	-34.87%	-35.26%	+0.39%
Current Drawdown Current decline from peak	-0.75%	-0.40%	-0.35%
Average Drawdown Average peak-to-trough decline	-6.41%	-6.47%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.92%	-0.09%

Volatility

FRDAX vs. VEIRX - Volatility Comparison

Franklin Rising Dividends Fund Advisor Class (FRDAX) and Vanguard Equity Income Fund Admiral Shares (VEIRX) have volatilities of 2.12% and 2.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRDAX	VEIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.07%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	7.24%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	10.21%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.34%	13.83%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	16.24%	+0.86%

FRDAX vs. VEIRX - Expense Ratio Comparison

FRDAX has a 0.43% expense ratio, which is higher than VEIRX's 0.19% expense ratio.

Dividends

FRDAX vs. VEIRX - Dividend Comparison

FRDAX's dividend yield for the trailing twelve months is around 9.85%, less than VEIRX's 10.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRDAX Franklin Rising Dividends Fund Advisor Class	9.85%	10.53%	10.44%	4.85%	5.23%	4.65%	1.04%	3.25%	5.49%	3.23%	3.27%	5.58%
VEIRX Vanguard Equity Income Fund Admiral Shares	10.03%	11.03%	9.83%	7.96%	8.79%	7.71%	2.86%	4.45%	10.98%	3.04%	3.87%	6.48%

Frequently Asked Questions

Can I hold both FRDAX and VEIRX in my portfolio?

FRDAX and VEIRX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRDAX or VEIRX?

FRDAX has higher volatility (2.12%) compared to VEIRX (2.07%). In terms of maximum drawdown, FRDAX dropped -51.38% vs VEIRX's -54.02%.

Which has better risk-adjusted returns?

VEIRX currently has the higher Sharpe Ratio (1.81 vs 1.06), 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.