LLLRX vs. FKDNX

Last updated Jun 4, 2026

LLLRX (Franklin Multi-Asset Growth Fund R) and FKDNX (Franklin DynaTech Fund) are both mutual funds - LLLRX is a Diversified Portfolio fund actively managed by Franklin Templeton, while FKDNX is a Large Cap Growth Equities fund managed by Franklin Templeton. Over the past 10 years, LLLRX returned 9.75%/yr vs 18.38%/yr for FKDNX. Their correlation of 0.80 suggests significant overlap in exposure. LLLRX charges 1.46%/yr vs 0.79%/yr for FKDNX.

Performance

LLLRX vs. FKDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Multi-Asset Growth Fund R (LLLRX) 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, LLLRX achieves a 10.96% return, which is significantly lower than FKDNX's 13.49% return. Over the past 10 years, LLLRX has underperformed FKDNX with an annualized return of 9.75%, while FKDNX has yielded a comparatively higher 18.38% annualized return.

LLLRX

• 1D: 0.20%
• 1M: 5.81%
• YTD: 10.96%
• 6M: 11.73%
• 1Y: 24.60%
• 3Y*: 17.71%
• 5Y*: 9.04%
• 10Y*: 9.75%

FKDNX

• 1D: 0.42%
• 1M: 7.25%
• YTD: 13.49%
• 6M: 12.49%
• 1Y: 30.72%
• 3Y*: 25.84%
• 5Y*: 11.35%
• 10Y*: 18.38%

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

LLLRX vs. FKDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LLLRX Franklin Multi-Asset Growth Fund R	10.96%	16.07%	16.26%	16.76%	-14.31%	16.64%	8.20%	21.08%	-9.52%	15.46%
FKDNX Franklin DynaTech Fund	13.49%	18.59%	30.57%	44.42%	-40.30%	12.53%	57.68%	36.36%	2.85%	39.29%

Correlation

The correlation between LLLRX and FKDNX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 5, 2014	0.80

The correlation between LLLRX and FKDNX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

LLLRX vs. FKDNX — Risk / Return Rank

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

LLLRX

LLLRX Risk / Return Rank: 56
LLLRX Sharpe Ratio Rank: 55
LLLRX Sortino Ratio Rank: 51
LLLRX Omega Ratio Rank: 51
LLLRX Calmar Ratio Rank: 57
LLLRX Martin Ratio Rank: 67

FKDNX

FKDNX Risk / Return Rank: 23
FKDNX Sharpe Ratio Rank: 30
FKDNX Sortino Ratio Rank: 25
FKDNX Omega Ratio Rank: 27
FKDNX Calmar Ratio Rank: 18
FKDNX Martin Ratio Rank: 17

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.

LLLRX vs. FKDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Multi-Asset Growth Fund R (LLLRX) 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.

	LLLRX	FKDNX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.55	+0.65
Sortino ratio: Return per unit of downside risk	3.03	2.07	+0.96
Omega ratio: Gain probability vs. loss probability	1.40	1.27	+0.13
Calmar ratio: Return relative to maximum drawdown	2.89	1.54	+1.35
Martin ratio: Return relative to average drawdown	12.98	4.79	+8.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LLLRX vs. FKDNX - Sharpe Ratio Comparison

The current LLLRX Sharpe Ratio is 2.19, which is higher than the FKDNX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LLLRX 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.

Sharpe Ratios by Period

	LLLRX	FKDNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.55	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.44	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.75	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.67	-0.12

Drawdowns

LLLRX vs. FKDNX - Drawdown Comparison

The maximum LLLRX drawdown since its inception was -32.05%, smaller than the maximum FKDNX drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for LLLRX and FKDNX.

Drawdown Indicators

	LLLRX	FKDNX	Difference
Max Drawdown Largest peak-to-trough decline	-32.05%	-51.63%	+19.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-20.49%	+11.80%
Max Drawdown (3Y) Largest decline over 3 years	-16.80%	-26.23%	+9.43%
Max Drawdown (5Y) Largest decline over 5 years	-25.63%	-48.28%	+22.65%
Max Drawdown (10Y) Largest decline over 10 years	-32.05%	-48.28%	+16.23%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.53%	-11.25%	+5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	6.57%	-4.64%

Volatility

LLLRX vs. FKDNX - Volatility Comparison

The current volatility for Franklin Multi-Asset Growth Fund R (LLLRX) is 2.96%, while Franklin DynaTech Fund (FKDNX) has a volatility of 4.76%. This indicates that LLLRX 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

	LLLRX	FKDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	4.76%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	15.85%	-6.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	20.38%	-8.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	26.21%	-11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	24.61%	-9.72%

LLLRX vs. FKDNX - Expense Ratio Comparison

LLLRX has a 1.46% expense ratio, which is higher than FKDNX's 0.79% expense ratio.

Dividends

LLLRX vs. FKDNX - Dividend Comparison

LLLRX's dividend yield for the trailing twelve months is around 10.05%, more than FKDNX's 9.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKDNX Franklin DynaTech Fund	9.84%	11.17%	0.00%	0.00%	0.00%	1.43%	0.00%	0.74%	2.92%	1.77%	3.55%	2.46%
LLLRX Franklin Multi-Asset Growth Fund R	10.05%	11.15%	6.02%	5.28%	8.64%	7.09%	4.77%	5.64%	5.76%	11.27%	4.31%	11.36%

Frequently Asked Questions

Can I hold both LLLRX and FKDNX in my portfolio?

LLLRX and FKDNX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLLRX or FKDNX?

FKDNX has higher volatility (4.76%) compared to LLLRX (2.96%). In terms of maximum drawdown, LLLRX dropped -32.05% vs FKDNX's -51.63%.

Which has better risk-adjusted returns?

LLLRX currently has the higher Sharpe Ratio (2.19 vs 1.55), 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.