MUTHX vs. FRGAX

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Mutual Shares Fund (MUTHX) and Fidelity 70% Allocation Fund (FRGAX).

MUTHX is managed by Franklin Templeton. It was launched on Jun 30, 1949. FRGAX is an actively managed fund by Fidelity. It was launched on Jan 1, 2022.

Performance

MUTHX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Shares Fund (MUTHX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

MUTHX vs. FRGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MUTHX Franklin Mutual Shares Fund	-2.24%	11.83%	12.42%	13.86%	-1.94%
FRGAX Fidelity 70% Allocation Fund	-1.44%	17.10%	12.91%	17.57%	-1.63%

Returns By Period

In the year-to-date period, MUTHX achieves a -2.24% return, which is significantly lower than FRGAX's -1.44% return.

MUTHX

• 1D: 1.81%
• 1M: -6.40%
• YTD: -2.24%
• 6M: 1.29%
• 1Y: 6.63%
• 3Y*: 11.69%
• 5Y*: 6.79%
• 10Y*: 7.24%

FRGAX

• 1D: 2.16%
• 1M: -4.28%
• YTD: -1.44%
• 6M: 0.52%
• 1Y: 15.52%
• 3Y*: 13.10%
• 5Y*: —
• 10Y*: —

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

MUTHX vs. FRGAX - Expense Ratio Comparison

MUTHX has a 0.75% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

MUTHX

Franklin Mutual Shares Fund

FRGAX

Fidelity 70% Allocation Fund

Return for Risk

MUTHX vs. FRGAX — Risk / Return Rank

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

MUTHX

MUTHX Risk / Return Rank: 15
MUTHX Sharpe Ratio Rank: 14
MUTHX Sortino Ratio Rank: 13
MUTHX Omega Ratio Rank: 13
MUTHX Calmar Ratio Rank: 17
MUTHX Martin Ratio Rank: 18

FRGAX

FRGAX Risk / Return Rank: 67
FRGAX Sharpe Ratio Rank: 67
FRGAX Sortino Ratio Rank: 68
FRGAX Omega Ratio Rank: 67
FRGAX Calmar Ratio Rank: 62
FRGAX Martin Ratio Rank: 70

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.

MUTHX vs. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Shares Fund (MUTHX) and Fidelity 70% Allocation Fund (FRGAX). 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.

	MUTHX	FRGAX	Difference
Sharpe ratio Return per unit of total volatility	0.42	1.33	-0.91
Sortino ratio Return per unit of downside risk	0.69	1.93	-1.24
Omega ratio Gain probability vs. loss probability	1.10	1.28	-0.19
Calmar ratio Return relative to maximum drawdown	0.59	1.74	-1.16
Martin ratio Return relative to average drawdown	2.19	7.96	-5.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUTHX vs. FRGAX - Sharpe Ratio Comparison

The current MUTHX Sharpe Ratio is 0.42, which is lower than the FRGAX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MUTHX and FRGAX, 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

	MUTHX	FRGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.33	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.27	-0.69

Correlation

The correlation between MUTHX and FRGAX is 0.77, 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

MUTHX vs. FRGAX - Dividend Comparison

MUTHX's dividend yield for the trailing twelve months is around 7.75%, more than FRGAX's 2.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUTHX Franklin Mutual Shares Fund	7.75%	7.58%	10.40%	5.92%	9.67%	11.31%	3.74%	8.08%	7.33%	6.79%	3.74%	7.00%
FRGAX Fidelity 70% Allocation Fund	2.03%	2.00%	2.01%	1.77%	1.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MUTHX vs. FRGAX - Drawdown Comparison

The maximum MUTHX drawdown since its inception was -53.53%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for MUTHX and FRGAX.

Drawdown Indicators

	MUTHX	FRGAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.53%	-11.77%	-41.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.52%	-8.53%	-3.99%
Max Drawdown (5Y) Largest decline over 5 years	-20.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.45%	—	—
Current Drawdown Current decline from peak	-7.46%	-5.02%	-2.44%
Average Drawdown Average peak-to-trough decline	-6.53%	-1.62%	-4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	1.87%	+1.48%

Volatility

MUTHX vs. FRGAX - Volatility Comparison

Franklin Mutual Shares Fund (MUTHX) and Fidelity 70% Allocation Fund (FRGAX) have volatilities of 4.55% and 4.51%, 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.

Volatility by Period

	MUTHX	FRGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	4.51%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	7.04%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	12.09%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	10.33%	+5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	10.33%	+6.56%