LLLRX vs. GRSPX
LLLRX (Franklin Multi-Asset Growth Fund R) and GRSPX (Greenspring Fund) are both Diversified Portfolio funds. Over the past 10 years, LLLRX returned 9.27%/yr vs 9.54%/yr for GRSPX. Their correlation of 0.84 means they have usually moved in the same direction. LLLRX charges 1.46%/yr vs 1.09%/yr for GRSPX.
Performance
LLLRX vs. GRSPX - Performance Comparison
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Returns By Period
In the year-to-date period, LLLRX achieves a 8.69% return, which is significantly lower than GRSPX's 16.72% return. Both investments have delivered pretty close results over the past 10 years, with LLLRX having a 9.27% annualized return and GRSPX not far ahead at 9.54%.
LLLRX
- 1D
- 1.79%
- 1M
- -0.38%
- 6M
- 6.43%
- YTD
- 8.69%
- 1Y
- 18.88%
- 3Y*
- 14.70%
- 5Y*
- 8.63%
- 10Y*
- 9.27%
- ALL TIME*
- 7.72%
GRSPX
- 1D
- 1.49%
- 1M
- -2.92%
- 6M
- 9.85%
- YTD
- 16.72%
- 1Y
- 17.69%
- 3Y*
- 13.59%
- 5Y*
- 9.20%
- 10Y*
- 9.54%
- ALL TIME*
- 7.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRSPX Greenspring Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
LLLRX vs. GRSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLLRX Franklin Multi-Asset Growth Fund R | 8.69% | 16.07% | 16.26% | 16.76% | -14.31% | 16.64% | 8.20% | 21.08% | -9.52% | 15.46% |
GRSPX Greenspring Fund | 16.72% | 6.12% | 15.53% | 11.95% | -8.62% | 26.89% | 3.81% | 20.84% | -10.21% | 7.84% |
Correlation
The correlation between LLLRX and GRSPX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.84 |
The correlation between LLLRX and GRSPX shifts across timeframes, from 0.66 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LLLRX vs. GRSPX — Risk / Return Rank
LLLRX
GRSPX
LLLRX vs. GRSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Multi-Asset Growth Fund R (LLLRX) and Greenspring Fund (GRSPX). 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.
| LLLRX | GRSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.60 | +1.35 |
| Martin ratioReturn relative to average drawdown | 8.14 | 5.43 | +2.72 |
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Drawdowns
LLLRX vs. GRSPX - Drawdown Comparison
The maximum LLLRX drawdown since its inception was -32.05%, smaller than the maximum GRSPX drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for LLLRX and GRSPX.
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Drawdown Indicators
| LLLRX | GRSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -35.67% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.69% | -30.41% | +21.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.80% | -30.41% | +13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -30.41% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -32.05% | -35.07% | +3.02% |
Current DrawdownCurrent decline from peak | -2.04% | -5.53% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -4.81% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.28% | -1.21% |
Volatility
LLLRX vs. GRSPX - Volatility Comparison
Franklin Multi-Asset Growth Fund R (LLLRX) and Greenspring Fund (GRSPX) have volatilities of 3.79% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLLRX | GRSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.95% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 51.00% | -40.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 56.07% | -43.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 28.20% | -13.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 22.53% | -7.66% |
LLLRX vs. GRSPX - Expense Ratio Comparison
LLLRX has a 1.46% expense ratio, which is higher than GRSPX's 1.09% expense ratio.
Dividends
LLLRX vs. GRSPX - Dividend Comparison
LLLRX's dividend yield for the trailing twelve months is around 11.73%, more than GRSPX's 8.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 8.06% | 9.40% | 6.70% | 6.84% | 8.04% | 7.69% | 2.39% | 7.89% | 11.05% | 9.63% | 6.81% | 5.34% |
LLLRX Franklin Multi-Asset Growth Fund R | 11.73% | 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
LLLRX and GRSPX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRSPX has higher volatility (3.95%) compared to LLLRX (3.79%). In terms of maximum drawdown, LLLRX dropped -32.05% vs GRSPX's -35.67%.
LLLRX currently has the higher Sharpe Ratio (1.33 vs 0.32), 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.
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