LMSIX vs. EMO
LMSIX (Franklin U.S. Small Cap Equity Fund) and EMO (ClearBridge Energy Midstream Opportunity Fund Inc.) are both mutual funds - LMSIX is a Small Cap Blend Equities fund managed by Franklin Templeton, while EMO is a MLPs fund actively managed by Franklin Templeton. Over the past 10 years, LMSIX returned 11.14%/yr vs 7.75%/yr for EMO. Their 0.47 correlation means their historical movements had little consistent relationship. LMSIX charges 1.03%/yr vs 3.22%/yr for EMO.
Performance
LMSIX vs. EMO - Performance Comparison
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Returns By Period
In the year-to-date period, LMSIX achieves a 19.73% return, which is significantly lower than EMO's 21.52% return. Over the past 10 years, LMSIX has outperformed EMO with an annualized return of 11.14%, while EMO has yielded a comparatively lower 7.75% annualized return.
LMSIX
- 1D
- 1.15%
- 1M
- -0.16%
- 6M
- 14.39%
- YTD
- 19.73%
- 1Y
- 40.26%
- 3Y*
- 18.86%
- 5Y*
- 11.07%
- 10Y*
- 11.14%
- ALL TIME*
- 8.13%
EMO
- 1D
- 1.14%
- 1M
- 5.46%
- 6M
- 10.79%
- YTD
- 21.52%
- 1Y
- 21.50%
- 3Y*
- 28.83%
- 5Y*
- 29.82%
- 10Y*
- 7.75%
- ALL TIME*
- 4.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.85M | $2.08M | $2.48M | |
| $0.00 | $0.00 | $0.00 |
LMSIX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMSIX Franklin U.S. Small Cap Equity Fund | 19.73% | 20.19% | 9.90% | 18.80% | -15.16% | 29.12% | 11.29% | 20.75% | -15.61% | 8.81% |
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 21.52% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Correlation
The correlation between LMSIX and EMO is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.47 |
The correlation between LMSIX and EMO shifts across timeframes, from -0.03 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
LMSIX vs. EMO — Risk / Return Rank
LMSIX
EMO
LMSIX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Small Cap Equity Fund (LMSIX) and ClearBridge Energy Midstream Opportunity Fund Inc. (EMO). 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.
| LMSIX | EMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.89 | +2.17 |
| Martin ratioReturn relative to average drawdown | 14.06 | 3.92 | +10.14 |
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Drawdowns
LMSIX vs. EMO - Drawdown Comparison
The maximum LMSIX drawdown since its inception was -61.16%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for LMSIX and EMO.
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Drawdown Indicators
| LMSIX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.16% | -95.06% | +33.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -10.87% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -18.81% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -28.59% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -50.26% | -93.02% | +42.76% |
Current DrawdownCurrent decline from peak | -1.29% | -2.16% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -31.67% | +20.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 5.24% | -2.58% |
Volatility
LMSIX vs. EMO - Volatility Comparison
The current volatility for Franklin U.S. Small Cap Equity Fund (LMSIX) is 3.88%, while ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) has a volatility of 5.06%. This indicates that LMSIX experiences smaller price fluctuations and is considered to be less risky than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMSIX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 5.06% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 12.66% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 16.45% | +2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 26.05% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 41.13% | -17.68% |
LMSIX vs. EMO - Expense Ratio Comparison
LMSIX has a 1.03% expense ratio, which is lower than EMO's 3.22% expense ratio.
Dividends
LMSIX vs. EMO - Dividend Comparison
LMSIX's dividend yield for the trailing twelve months is around 6.73%, less than EMO's 8.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 8.35% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
LMSIX Franklin U.S. Small Cap Equity Fund | 6.73% | 6.35% | 4.05% | 3.70% | 5.18% | 21.64% | 3.60% | 1.48% | 11.17% | 8.85% | 4.79% | 7.52% |
Frequently Asked Questions
LMSIX and EMO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMO has higher volatility (5.06%) compared to LMSIX (3.88%). In terms of maximum drawdown, LMSIX dropped -61.16% vs EMO's -95.06%.
LMSIX currently has the higher Sharpe Ratio (2.00 vs 1.25), 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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