LMSIX vs. FKDNX

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin U.S. Small Cap Equity Fund (LMSIX) and Franklin DynaTech Fund (FKDNX).

LMSIX is managed by Franklin Templeton. It was launched on Mar 13, 2000. FKDNX is managed by Franklin Templeton. It was launched on Jan 2, 1968.

Performance

LMSIX vs. FKDNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Small Cap Equity Fund (LMSIX) and Franklin DynaTech Fund (FKDNX). The values are adjusted to include any dividend payments, if applicable.

LMSIX vs. FKDNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMSIX Franklin U.S. Small Cap Equity Fund	0.90%	20.19%	9.90%	18.80%	-15.16%	29.12%	11.29%	20.75%	-15.61%	8.81%
FKDNX Franklin DynaTech Fund	-10.96%	18.59%	30.57%	44.42%	-40.30%	12.53%	57.68%	36.36%	2.85%	39.29%

Returns By Period

In the year-to-date period, LMSIX achieves a 0.90% return, which is significantly higher than FKDNX's -10.96% return. Over the past 10 years, LMSIX has underperformed FKDNX with an annualized return of 9.94%, while FKDNX has yielded a comparatively higher 15.95% annualized return.

LMSIX

• 1D: 3.34%
• 1M: -4.25%
• YTD: 0.90%
• 6M: 3.11%
• 1Y: 31.96%
• 3Y*: 16.45%
• 5Y*: 7.04%
• 10Y*: 9.94%

FKDNX

• 1D: 5.05%
• 1M: -5.14%
• YTD: -10.96%
• 6M: -11.72%
• 1Y: 19.43%
• 3Y*: 19.19%
• 5Y*: 5.93%
• 10Y*: 15.95%

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

LMSIX vs. FKDNX - Expense Ratio Comparison

LMSIX has a 1.03% expense ratio, which is higher than FKDNX's 0.79% expense ratio.

LMSIX

Franklin U.S. Small Cap Equity Fund

FKDNX

Franklin DynaTech Fund

Return for Risk

LMSIX vs. FKDNX — Risk / Return Rank

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

LMSIX

LMSIX Risk / Return Rank: 80
LMSIX Sharpe Ratio Rank: 76
LMSIX Sortino Ratio Rank: 78
LMSIX Omega Ratio Rank: 68
LMSIX Calmar Ratio Rank: 88
LMSIX Martin Ratio Rank: 88

FKDNX

FKDNX Risk / Return Rank: 31
FKDNX Sharpe Ratio Rank: 33
FKDNX Sortino Ratio Rank: 39
FKDNX Omega Ratio Rank: 34
FKDNX Calmar Ratio Rank: 27
FKDNX Martin Ratio Rank: 23

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.

LMSIX vs. FKDNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Small Cap Equity Fund (LMSIX) 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.

	LMSIX	FKDNX	Difference
Sharpe ratio Return per unit of total volatility	1.45	0.79	+0.66
Sortino ratio Return per unit of downside risk	2.08	1.29	+0.79
Omega ratio Gain probability vs. loss probability	1.28	1.17	+0.10
Calmar ratio Return relative to maximum drawdown	2.50	0.81	+1.70
Martin ratio Return relative to average drawdown	9.98	2.63	+7.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMSIX vs. FKDNX - Sharpe Ratio Comparison

The current LMSIX Sharpe Ratio is 1.45, which is higher than the FKDNX Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of LMSIX and FKDNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LMSIX	FKDNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	0.79	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.23	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.65	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.64	-0.32

Correlation

The correlation between LMSIX and FKDNX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

LMSIX vs. FKDNX - Dividend Comparison

LMSIX's dividend yield for the trailing twelve months is around 6.29%, less than FKDNX's 12.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMSIX Franklin U.S. Small Cap Equity Fund	6.29%	6.35%	4.05%	3.70%	5.18%	21.64%	3.60%	1.48%	11.17%	8.85%	4.79%	7.52%
FKDNX Franklin DynaTech Fund	12.54%	11.17%	0.00%	0.00%	0.00%	1.43%	0.00%	0.74%	2.92%	1.77%	3.55%	2.46%

Drawdowns

LMSIX vs. FKDNX - Drawdown Comparison

The maximum LMSIX drawdown since its inception was -61.16%, which is greater than FKDNX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for LMSIX and FKDNX.

Drawdown Indicators

	LMSIX	FKDNX	Difference
Max Drawdown Largest peak-to-trough decline	-61.16%	-51.63%	-9.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-20.49%	+7.48%
Max Drawdown (5Y) Largest decline over 5 years	-27.66%	-48.28%	+20.62%
Max Drawdown (10Y) Largest decline over 10 years	-50.26%	-48.28%	-1.98%
Current Drawdown Current decline from peak	-6.18%	-16.48%	+10.30%
Average Drawdown Average peak-to-trough decline	-10.95%	-11.28%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	6.29%	-3.02%

Volatility

LMSIX vs. FKDNX - Volatility Comparison

The current volatility for Franklin U.S. Small Cap Equity Fund (LMSIX) is 7.24%, while Franklin DynaTech Fund (FKDNX) has a volatility of 9.29%. This indicates that LMSIX 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

	LMSIX	FKDNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	9.29%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	16.81%	-2.81%
Volatility (1Y) Calculated over the trailing 1-year period	22.47%	26.47%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	26.27%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.48%	24.53%	-1.05%