LBGIX vs. FKUTX

Last updated Jun 24, 2026

LBGIX (ClearBridge Mid Cap Growth Fund) and FKUTX (Franklin Utilities Fund) are both mutual funds - LBGIX is a Mid Cap Growth Equities fund managed by Franklin Templeton, while FKUTX is a Utilities Equities fund managed by Franklin Templeton. Over the past 10 years, LBGIX returned 12.50%/yr vs 9.56%/yr for FKUTX. At a 0.35 correlation, their price movements are largely independent. LBGIX charges 0.85%/yr vs 0.72%/yr for FKUTX.

Performance

LBGIX vs. FKUTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Mid Cap Growth Fund (LBGIX) and Franklin Utilities Fund (FKUTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LBGIX achieves a 5.47% return, which is significantly lower than FKUTX's 7.77% return. Over the past 10 years, LBGIX has outperformed FKUTX with an annualized return of 12.50%, while FKUTX has yielded a comparatively lower 9.56% annualized return.

LBGIX

• 1D: 0.00%
• 1M: 3.37%
• YTD: 5.47%
• 6M: 3.68%
• 1Y: 7.19%
• 3Y*: 13.30%
• 5Y*: 3.75%
• 10Y*: 12.50%

FKUTX

• 1D: 0.16%
• 1M: -1.50%
• YTD: 7.77%
• 6M: 7.95%
• 1Y: 15.43%
• 3Y*: 16.27%
• 5Y*: 11.57%
• 10Y*: 9.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LBGIX vs. FKUTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LBGIX ClearBridge Mid Cap Growth Fund	5.47%	3.06%	18.83%	29.07%	-33.31%	22.59%	45.33%	30.88%	-6.11%	23.02%
FKUTX Franklin Utilities Fund	7.77%	14.59%	27.18%	-4.91%	1.67%	18.00%	-1.87%	27.28%	2.54%	9.58%

Correlation

The correlation between LBGIX and FKUTX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Aug 31, 2010	0.35

The correlation between LBGIX and FKUTX shifts across timeframes, from 0.22 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LBGIX vs. FKUTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LBGIX

LBGIX Risk / Return Rank: 7
LBGIX Sharpe Ratio Rank: 6
LBGIX Sortino Ratio Rank: 7
LBGIX Omega Ratio Rank: 6
LBGIX Calmar Ratio Rank: 7
LBGIX Martin Ratio Rank: 8

FKUTX

FKUTX Risk / Return Rank: 23
FKUTX Sharpe Ratio Rank: 20
FKUTX Sortino Ratio Rank: 18
FKUTX Omega Ratio Rank: 19
FKUTX Calmar Ratio Rank: 34
FKUTX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LBGIX vs. FKUTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Mid Cap Growth Fund (LBGIX) and Franklin Utilities Fund (FKUTX). 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.

	LBGIX	FKUTX	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.20	-0.72
Sortino ratio: Return per unit of downside risk	0.80	1.66	-0.86
Omega ratio: Gain probability vs. loss probability	1.09	1.21	-0.12
Calmar ratio: Return relative to maximum drawdown	0.59	2.09	-1.50
Martin ratio: Return relative to average drawdown	1.90	5.02	-3.12

LBGIX vs. FKUTX - Sharpe Ratio Comparison

The current LBGIX Sharpe Ratio is 0.48, which is lower than the FKUTX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of LBGIX and FKUTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LBGIX vs. FKUTX - Drawdown Comparison

The maximum LBGIX drawdown since its inception was -41.56%, roughly equal to the maximum FKUTX drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for LBGIX and FKUTX.

Drawdown Indicators

	LBGIX	FKUTX	Difference
Max Drawdown Largest peak-to-trough decline	-41.56%	-43.59%	+2.03%
Max Drawdown (1Y) Largest decline over 1 year	-14.18%	-8.10%	-6.08%
Max Drawdown (3Y) Largest decline over 3 years	-26.80%	-16.35%	-10.45%
Max Drawdown (5Y) Largest decline over 5 years	-41.56%	-22.53%	-19.03%
Max Drawdown (10Y) Largest decline over 10 years	-41.56%	-36.56%	-5.00%
Current Drawdown Current decline from peak	-0.78%	-4.75%	+3.97%
Average Drawdown Average peak-to-trough decline	-8.19%	-7.00%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	3.36%	+1.06%

Volatility

LBGIX vs. FKUTX - Volatility Comparison

ClearBridge Mid Cap Growth Fund (LBGIX) has a higher volatility of 5.43% compared to Franklin Utilities Fund (FKUTX) at 5.08%. This indicates that LBGIX's price experiences larger fluctuations and is considered to be riskier than FKUTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LBGIX	FKUTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	5.08%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	13.94%	11.31%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	17.47%	14.08%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	16.90%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.73%	18.86%	+3.87%

LBGIX vs. FKUTX - Expense Ratio Comparison

LBGIX has a 0.85% expense ratio, which is higher than FKUTX's 0.72% expense ratio.

Dividends

LBGIX vs. FKUTX - Dividend Comparison

LBGIX's dividend yield for the trailing twelve months is around 6.25%, less than FKUTX's 7.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKUTX Franklin Utilities Fund	7.18%	7.70%	8.66%	6.47%	3.73%	4.96%	9.88%	4.29%	5.83%	3.55%	2.76%	6.14%
LBGIX ClearBridge Mid Cap Growth Fund	6.25%	6.59%	0.00%	0.00%	0.00%	4.17%	14.62%	8.02%	11.85%	2.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LBGIX and FKUTX in my portfolio?

LBGIX and FKUTX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBGIX or FKUTX?

LBGIX has higher volatility (5.43%) compared to FKUTX (5.08%). In terms of maximum drawdown, LBGIX dropped -41.56% vs FKUTX's -43.59%.

Which has better risk-adjusted returns?

FKUTX currently has the higher Sharpe Ratio (1.20 vs 0.48), 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.