FRSTX vs. FRIAX
FRSTX (Franklin Strategic Income Fund) and FRIAX (Franklin Income Fund Advisor Class) are both mutual funds - FRSTX is a Multisector Bonds fund managed by Franklin Templeton, while FRIAX is a Diversified Portfolio fund managed by Franklin Templeton. Over the past 10 years, FRSTX returned 2.32%/yr vs 7.29%/yr for FRIAX. Their 0.43 correlation means their historical movements had little consistent relationship. FRSTX charges 0.89%/yr vs 0.46%/yr for FRIAX.
Performance
FRSTX vs. FRIAX - Performance Comparison
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Returns By Period
In the year-to-date period, FRSTX achieves a -0.50% return, which is significantly lower than FRIAX's 5.78% return. Over the past 10 years, FRSTX has underperformed FRIAX with an annualized return of 2.32%, while FRIAX has yielded a comparatively higher 7.29% annualized return.
FRSTX
- 1D
- 0.00%
- 1M
- -1.08%
- 6M
- -0.85%
- YTD
- -0.50%
- 1Y
- 2.09%
- 3Y*
- 4.28%
- 5Y*
- 1.09%
- 10Y*
- 2.32%
- ALL TIME*
- 5.24%
FRIAX
- 1D
- 0.40%
- 1M
- 0.00%
- 6M
- 2.79%
- YTD
- 5.78%
- 1Y
- 12.15%
- 3Y*
- 9.55%
- 5Y*
- 6.50%
- 10Y*
- 7.29%
- ALL TIME*
- 7.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FRSTX vs. FRIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRSTX Franklin Strategic Income Fund | -0.50% | 5.97% | 3.28% | 8.44% | -10.72% | 2.13% | 3.49% | 8.17% | -1.87% | 4.50% |
FRIAX Franklin Income Fund Advisor Class | 5.78% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
Correlation
The correlation between FRSTX and FRIAX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.43 |
The correlation between FRSTX and FRIAX shifts across timeframes, from 0.41 (10 years) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FRSTX vs. FRIAX — Risk / Return Rank
FRSTX
FRIAX
FRSTX vs. FRIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Strategic Income Fund (FRSTX) and Franklin Income Fund Advisor Class (FRIAX). 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.
| FRSTX | FRIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.52 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.85 | -2.89 |
| Martin ratioReturn relative to average drawdown | 2.42 | 14.58 | -12.16 |
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Drawdowns
FRSTX vs. FRIAX - Drawdown Comparison
The maximum FRSTX drawdown since its inception was -19.09%, smaller than the maximum FRIAX drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for FRSTX and FRIAX.
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Drawdown Indicators
| FRSTX | FRIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.09% | -43.23% | +24.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -3.06% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -7.08% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -14.83% | -13.63% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | -24.10% | +6.47% |
Current DrawdownCurrent decline from peak | -2.24% | 0.00% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -3.90% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.81% | +0.36% |
Volatility
FRSTX vs. FRIAX - Volatility Comparison
The current volatility for Franklin Strategic Income Fund (FRSTX) is 0.99%, while Franklin Income Fund Advisor Class (FRIAX) has a volatility of 1.51%. This indicates that FRSTX experiences smaller price fluctuations and is considered to be less risky than FRIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRSTX | FRIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.51% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.74% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 5.03% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 7.91% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 9.20% | -5.05% |
FRSTX vs. FRIAX - Expense Ratio Comparison
FRSTX has a 0.89% expense ratio, which is higher than FRIAX's 0.46% expense ratio.
Dividends
FRSTX vs. FRIAX - Dividend Comparison
FRSTX's dividend yield for the trailing twelve months is around 3.97%, less than FRIAX's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 5.28% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
FRSTX Franklin Strategic Income Fund | 3.97% | 3.36% | 4.74% | 4.56% | 4.36% | 3.62% | 3.93% | 4.47% | 4.32% | 2.25% | 2.48% | 4.81% |
Frequently Asked Questions
FRSTX and FRIAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRIAX has higher volatility (1.51%) compared to FRSTX (0.99%). In terms of maximum drawdown, FRSTX dropped -19.09% vs FRIAX's -43.23%.
FRIAX currently has the higher Sharpe Ratio (2.36 vs 0.75), 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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