FRIAX vs. FKINX
FRIAX (Franklin Income Fund Advisor Class) and FKINX (Franklin Income Fund Class A1) are both Diversified Portfolio funds from Franklin Templeton. Over the past 10 years, FRIAX returned 7.70%/yr vs 7.54%/yr for FKINX. Their correlation of 0.84 suggests significant overlap in exposure. FRIAX charges 0.46%/yr vs 0.62%/yr for FKINX.
Performance
FRIAX vs. FKINX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FRIAX having a 4.88% return and FKINX slightly lower at 4.75%. Both investments have delivered pretty close results over the past 10 years, with FRIAX having a 7.70% annualized return and FKINX not far behind at 7.54%.
FRIAX
- 1D
- 0.00%
- 1M
- -0.33%
- YTD
- 4.88%
- 6M
- 4.45%
- 1Y
- 12.72%
- 3Y*
- 10.22%
- 5Y*
- 6.40%
- 10Y*
- 7.70%
FKINX
- 1D
- 0.39%
- 1M
- 0.05%
- YTD
- 4.75%
- 6M
- 4.75%
- 1Y
- 12.43%
- 3Y*
- 10.15%
- 5Y*
- 6.33%
- 10Y*
- 7.54%
FRIAX vs. FKINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 4.88% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
FKINX Franklin Income Fund Class A1 | 4.75% | 12.24% | 7.12% | 8.65% | -5.29% | 17.21% | 3.57% | 15.75% | -5.54% | 8.43% |
Correlation
The correlation between FRIAX and FKINX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.84 |
Over the past year, the correlation between FRIAX and FKINX has dropped to 0.63 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
FRIAX vs. FKINX — Risk / Return Rank
FRIAX
FKINX
FRIAX vs. FKINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Fund Advisor Class (FRIAX) and Franklin Income Fund Class A1 (FKINX). 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.
| FRIAX | FKINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.47 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 3.64 | +0.53 |
| Martin ratioReturn relative to average drawdown | 15.69 | 14.58 | +1.12 |
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Drawdowns
FRIAX vs. FKINX - Drawdown Comparison
The maximum FRIAX drawdown since its inception was -43.23%, roughly equal to the maximum FKINX drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for FRIAX and FKINX.
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Drawdown Indicators
| FRIAX | FKINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -43.18% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -3.43% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -7.42% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -13.63% | -13.20% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | -23.91% | -0.19% |
Current DrawdownCurrent decline from peak | -0.79% | -0.78% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -3.71% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.85% | -0.04% |
Volatility
FRIAX vs. FKINX - Volatility Comparison
The current volatility for Franklin Income Fund Advisor Class (FRIAX) is 1.32%, while Franklin Income Fund Class A1 (FKINX) has a volatility of 1.70%. This indicates that FRIAX experiences smaller price fluctuations and is considered to be less risky than FKINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIAX | FKINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.70% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.87% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 5.55% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 7.88% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 9.21% | +0.03% |
FRIAX vs. FKINX - Expense Ratio Comparison
FRIAX has a 0.46% expense ratio, which is lower than FKINX's 0.62% expense ratio.
Dividends
FRIAX vs. FKINX - Dividend Comparison
FRIAX's dividend yield for the trailing twelve months is around 5.73%, more than FKINX's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKINX Franklin Income Fund Class A1 | 5.55% | 5.58% | 5.59% | 5.52% | 5.22% | 6.52% | 5.22% | 5.11% | 5.34% | 5.04% | 5.19% | 5.71% |
FRIAX Franklin Income Fund Advisor Class | 5.73% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
Frequently Asked Questions
FRIAX and FKINX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FKINX has higher volatility (1.70%) compared to FRIAX (1.32%). In terms of maximum drawdown, FRIAX dropped -43.23% vs FKINX's -43.18%.
FRIAX currently has the higher Sharpe Ratio (2.51 vs 2.26), 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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