FRSTX vs. LFLIX
FRSTX (Franklin Strategic Income Fund) and LFLIX (BrandywineGLOBAL - Flexible Bond Fund) are both Multisector Bonds funds from Franklin Templeton. Over the past 5 years, FRSTX returned 1.09%/yr vs 2.21%/yr for LFLIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FRSTX charges 0.89%/yr vs 0.75%/yr for LFLIX.
Performance
FRSTX vs. LFLIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FRSTX achieves a -0.50% return, which is significantly lower than LFLIX's 3.07% 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%
LFLIX
- 1D
- 0.32%
- 1M
- -0.11%
- 6M
- 1.67%
- YTD
- 3.07%
- 1Y
- 6.97%
- 3Y*
- 6.16%
- 5Y*
- 2.21%
- 10Y*
- —
- ALL TIME*
- 4.21%
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. LFLIX - 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% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 3.07% | 8.82% | 2.95% | 9.57% | -10.87% | 1.05% | 15.00% | 10.84% | -2.07% | 4.29% |
Correlation
The correlation between FRSTX and LFLIX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.74 |
The correlation between FRSTX and LFLIX shifts across timeframes, from 0.64 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRSTX vs. LFLIX — Risk / Return Rank
FRSTX
LFLIX
FRSTX vs. LFLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Strategic Income Fund (FRSTX) and BrandywineGLOBAL - Flexible Bond Fund (LFLIX). 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 | LFLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.70 | -1.74 |
| Martin ratioReturn relative to average drawdown | 2.42 | 9.44 | -7.01 |
Loading charts...
Drawdowns
FRSTX vs. LFLIX - Drawdown Comparison
The maximum FRSTX drawdown since its inception was -19.09%, which is greater than LFLIX's maximum drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for FRSTX and LFLIX.
Loading charts...
Drawdown Indicators
| FRSTX | LFLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.09% | -16.73% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.72% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -6.20% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -14.83% | -16.73% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -0.48% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.82% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.78% | +0.39% |
Volatility
FRSTX vs. LFLIX - Volatility Comparison
Franklin Strategic Income Fund (FRSTX) has a higher volatility of 0.99% compared to BrandywineGLOBAL - Flexible Bond Fund (LFLIX) at 0.91%. This indicates that FRSTX's price experiences larger fluctuations and is considered to be riskier than LFLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRSTX | LFLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.91% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.47% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.04% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 5.75% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.07% | -0.92% |
FRSTX vs. LFLIX - Expense Ratio Comparison
FRSTX has a 0.89% expense ratio, which is higher than LFLIX's 0.75% expense ratio.
Dividends
FRSTX vs. LFLIX - Dividend Comparison
FRSTX's dividend yield for the trailing twelve months is around 3.97%, less than LFLIX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 6.64% | 6.67% | 8.94% | 5.36% | 3.28% | 2.90% | 3.62% | 6.04% | 3.67% | 3.06% | 0.00% | 0.00% |
Frequently Asked Questions
FRSTX and LFLIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRSTX has higher volatility (0.99%) compared to LFLIX (0.91%). In terms of maximum drawdown, FRSTX dropped -19.09% vs LFLIX's -16.73%.
LFLIX currently has the higher Sharpe Ratio (1.82 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.
Find the right allocation for FRSTX and LFLIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer