FRSTX vs. SHAPX
Compare and contrast key facts about Franklin Strategic Income Fund (FRSTX) and ClearBridge Appreciation Fund (SHAPX).
FRSTX is managed by Franklin Templeton. It was launched on May 23, 1994. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
FRSTX vs. SHAPX - Performance Comparison
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FRSTX vs. SHAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRSTX Franklin Strategic Income Fund | -0.74% | 5.97% | 3.28% | 8.44% | -10.72% | 2.13% | 3.49% | 8.17% | -1.87% | 4.50% |
SHAPX ClearBridge Appreciation Fund | -3.71% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, FRSTX achieves a -0.74% return, which is significantly higher than SHAPX's -3.71% return. Over the past 10 years, FRSTX has underperformed SHAPX with an annualized return of 2.76%, while SHAPX has yielded a comparatively higher 12.29% annualized return.
FRSTX
- 1D
- 0.49%
- 1M
- -2.48%
- YTD
- -0.74%
- 6M
- 0.35%
- 1Y
- 4.04%
- 3Y*
- 4.43%
- 5Y*
- 1.59%
- 10Y*
- 2.76%
SHAPX
- 1D
- 2.70%
- 1M
- -5.35%
- YTD
- -3.71%
- 6M
- -2.94%
- 1Y
- 13.34%
- 3Y*
- 15.60%
- 5Y*
- 10.41%
- 10Y*
- 12.29%
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FRSTX vs. SHAPX - Expense Ratio Comparison
FRSTX has a 0.89% expense ratio, which is lower than SHAPX's 0.93% expense ratio.
Return for Risk
FRSTX vs. SHAPX — Risk / Return Rank
FRSTX
SHAPX
FRSTX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Strategic Income Fund (FRSTX) and ClearBridge Appreciation Fund (SHAPX). 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.
| FRSTX | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.85 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.33 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.36 | +0.18 |
Martin ratioReturn relative to average drawdown | 5.66 | 6.17 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRSTX | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.85 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.70 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.74 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.78 | +0.59 |
Correlation
The correlation between FRSTX and SHAPX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FRSTX vs. SHAPX - Dividend Comparison
FRSTX's dividend yield for the trailing twelve months is around 4.12%, less than SHAPX's 14.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRSTX Franklin Strategic Income Fund | 4.12% | 3.36% | 4.74% | 4.56% | 4.36% | 3.62% | 3.93% | 4.47% | 4.32% | 2.25% | 2.48% | 4.81% |
SHAPX ClearBridge Appreciation Fund | 14.62% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
FRSTX vs. SHAPX - Drawdown Comparison
The maximum FRSTX drawdown since its inception was -19.09%, smaller than the maximum SHAPX drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for FRSTX and SHAPX.
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Drawdown Indicators
| FRSTX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.09% | -46.19% | +27.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -10.57% | +7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -14.83% | -20.53% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -17.63% | -32.21% | +14.58% |
Current DrawdownCurrent decline from peak | -2.48% | -6.27% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -4.79% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.33% | -1.53% |
Volatility
FRSTX vs. SHAPX - Volatility Comparison
The current volatility for Franklin Strategic Income Fund (FRSTX) is 1.70%, while ClearBridge Appreciation Fund (SHAPX) has a volatility of 4.83%. This indicates that FRSTX experiences smaller price fluctuations and is considered to be less risky than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRSTX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 4.83% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 8.30% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 16.09% | -11.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.06% | 14.89% | -10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 16.72% | -12.60% |