LCLAX vs. FKDNX

Last updated Aug 1, 2026

LCLAX (ClearBridge Select Fund Class A) and FKDNX (Franklin DynaTech Fund) are both mutual funds - LCLAX is a Mid Cap Growth Equities fund managed by Franklin Templeton, while FKDNX is a Large Cap Growth Equities fund actively managed by Franklin Templeton. Over the past 10 years, LCLAX returned 15.85%/yr vs 16.45%/yr for FKDNX. Their correlation of 0.90 means they have usually moved in the same direction. LCLAX charges 1.10%/yr vs 0.77%/yr for FKDNX.

Performance

LCLAX vs. FKDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Select Fund Class A (LCLAX) and Franklin DynaTech Fund (FKDNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCLAX achieves a 3.37% return, which is significantly higher than FKDNX's 1.52% return. Both investments have delivered pretty close results over the past 10 years, with LCLAX having a 15.85% annualized return and FKDNX not far ahead at 16.45%.

LCLAX

• 1D: 0.98%
• 1M: -1.47%
• 6M: 3.95%
• YTD: 3.37%
• 1Y: 7.40%
• 3Y*: 11.14%
• 5Y*: 2.20%
• 10Y*: 15.85%
• ALL TIME*: 13.38%

FKDNX

• 1D: 4.48%
• 1M: -5.22%
• 6M: 2.79%
• YTD: 1.52%
• 1Y: 9.52%
• 3Y*: 18.29%
• 5Y*: 6.09%
• 10Y*: 16.45%
• ALL TIME*: 13.36%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FKDNX Franklin DynaTech Fund	$0.00	$0.00	$0.00
LCLAX ClearBridge Select Fund Class A	$0.00	$0.00	$0.00

LCLAX vs. FKDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCLAX ClearBridge Select Fund Class A	3.37%	6.87%	21.13%	23.82%	-33.28%	19.86%	58.29%	33.03%	10.18%	38.69%
FKDNX Franklin DynaTech Fund	1.52%	18.59%	30.57%	44.42%	-40.30%	12.53%	57.68%	36.36%	2.85%	39.29%

Correlation

The correlation between LCLAX and FKDNX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.90

The correlation between LCLAX and FKDNX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

LCLAX vs. FKDNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LCLAX

LCLAX Risk / Return Rank: 9
LCLAX Sharpe Ratio Rank: 9
LCLAX Sortino Ratio Rank: 9
LCLAX Omega Ratio Rank: 8
LCLAX Calmar Ratio Rank: 8
LCLAX Martin Ratio Rank: 9

FKDNX

FKDNX Risk / Return Rank: 10
FKDNX Sharpe Ratio Rank: 10
FKDNX Sortino Ratio Rank: 10
FKDNX Omega Ratio Rank: 10
FKDNX Calmar Ratio Rank: 9
FKDNX Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LCLAX vs. FKDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Select Fund Class A (LCLAX) and Franklin DynaTech Fund (FKDNX). 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.

	LCLAX	FKDNX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.31	+0.02
Sortino ratio: Return per unit of downside risk	0.55	0.58	-0.03
Omega ratio: Gain probability vs. loss probability	1.07	1.07	-0.01
Calmar ratio: Return relative to maximum drawdown	0.35	0.36	-0.01
Martin ratio: Return relative to average drawdown	1.05	1.04	+0.01

LCLAX vs. FKDNX - Sharpe Ratio Comparison

The current LCLAX Sharpe Ratio is 0.33, which is comparable to the FKDNX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of LCLAX and FKDNX, 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

LCLAX vs. FKDNX - Drawdown Comparison

The maximum LCLAX drawdown since its inception was -43.64%, smaller than the maximum FKDNX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for LCLAX and FKDNX.

Drawdown Indicators

	LCLAX	FKDNX	Difference
Max Drawdown Largest peak-to-trough decline	-43.64%	-51.63%	+7.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.36%	-20.49%	+6.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.75%	-26.23%	+2.48%
Max Drawdown (5Y) Largest decline over 5 years	-43.64%	-48.28%	+4.64%
Max Drawdown (10Y) Largest decline over 10 years	-43.64%	-48.28%	+4.64%
Current Drawdown Current decline from peak	-2.17%	-10.55%	+8.38%
Average Drawdown Average peak-to-trough decline	-9.99%	-11.24%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	7.07%	-2.33%

Volatility

LCLAX vs. FKDNX - Volatility Comparison

The current volatility for ClearBridge Select Fund Class A (LCLAX) is 2.93%, while Franklin DynaTech Fund (FKDNX) has a volatility of 8.76%. This indicates that LCLAX experiences smaller price fluctuations and is considered to be less risky than FKDNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCLAX	FKDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	8.76%	-5.83%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	19.68%	-7.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	23.82%	-8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.82%	26.75%	-4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.83%	24.87%	-3.04%

LCLAX vs. FKDNX - Expense Ratio Comparison

LCLAX has a 1.10% expense ratio, which is higher than FKDNX's 0.77% expense ratio.

Dividends

LCLAX vs. FKDNX - Dividend Comparison

LCLAX has not paid dividends to shareholders, while FKDNX's dividend yield for the trailing twelve months is around 11.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKDNX Franklin DynaTech Fund	11.00%	11.17%	0.00%	0.00%	0.00%	1.43%	0.00%	0.74%	2.92%	1.77%	3.55%	2.46%
LCLAX ClearBridge Select Fund Class A	0.00%	0.00%	0.00%	0.00%	0.01%	3.38%	0.00%	0.00%	1.31%	2.15%	1.13%	5.31%

Frequently Asked Questions

Can I hold both LCLAX and FKDNX in my portfolio?

LCLAX and FKDNX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCLAX or FKDNX?

FKDNX has higher volatility (8.76%) compared to LCLAX (2.93%). In terms of maximum drawdown, LCLAX dropped -43.64% vs FKDNX's -51.63%.

Which has better risk-adjusted returns?

LCLAX currently has the higher Sharpe Ratio (0.33 vs 0.31), 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.