FRMCX vs. SPY
Compare and contrast key facts about Franklin MicroCap Value Fund (FRMCX) and SPDR S&P 500 ETF (SPY).
FRMCX is managed by Franklin Templeton. It was launched on Dec 12, 1995. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRMCX or SPY.
Correlation
The correlation between FRMCX and SPY is 0.64, 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.
Performance
FRMCX vs. SPY - Performance Comparison
Key characteristics
FRMCX:
0.09
SPY:
0.54
FRMCX:
0.35
SPY:
0.90
FRMCX:
1.05
SPY:
1.13
FRMCX:
0.12
SPY:
0.57
FRMCX:
0.35
SPY:
2.24
FRMCX:
8.62%
SPY:
4.82%
FRMCX:
24.60%
SPY:
20.02%
FRMCX:
-56.77%
SPY:
-55.19%
FRMCX:
-14.96%
SPY:
-7.53%
Returns By Period
In the year-to-date period, FRMCX achieves a -6.48% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, FRMCX has underperformed SPY with an annualized return of 6.55%, while SPY has yielded a comparatively higher 12.33% annualized return.
FRMCX
-6.48%
14.41%
-12.61%
2.19%
15.60%
6.55%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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FRMCX vs. SPY - Expense Ratio Comparison
FRMCX has a 1.23% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FRMCX vs. SPY — Risk-Adjusted Performance Rank
FRMCX
SPY
FRMCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin MicroCap Value Fund (FRMCX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
FRMCX vs. SPY - Dividend Comparison
FRMCX's dividend yield for the trailing twelve months is around 0.65%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRMCX Franklin MicroCap Value Fund | 0.65% | 0.60% | 0.65% | 0.32% | 0.30% | 0.42% | 0.23% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FRMCX vs. SPY - Drawdown Comparison
The maximum FRMCX drawdown since its inception was -56.77%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FRMCX and SPY. For additional features, visit the drawdowns tool.
Volatility
FRMCX vs. SPY - Volatility Comparison
The current volatility for Franklin MicroCap Value Fund (FRMCX) is 11.62%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that FRMCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.